Ndovu lines up second well on Nyuni

Aminex has issued an update on potential gas resources within its Nyuni Production Sharing Agreement offshore Tanzania.

Offshore staff

LONDON – Aminex has issued an update on potential gas resources within its Nyuni Production Sharing Agreement offshore Tanzania.

Isis Petroleum Consultants performed an independent study for Aminex’s wholly-owned subsidiary Ndovu Resources. The report assesses contingent gas resources from the two wells drilled on two separate accumulations at 278 bcf in-place on a P.mean basis.

Independently assessed “prospective resources” at Nyuni: Hydrocarbons independently mapped from seismic but not yet drilled - amount to 2.548 tcf from three separate prospect areas on the license.

Ndovu holds a 50% interest in the PSA, which will rise to 65% under a farm-in agreement once the Nyuni-2 exploration well has been drilled. This well, due to spud in April, aims to test a large prospect underlying Nyuni Island in the northeast of the concession.

02/18/2011

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