Aminex and partner Solo Oil hail spudding of second well at Ntorya
An appraisal well, Ntorya-2 is being drilled four years after Ntorya-1, the original exploration well, and 1500m away
Company
Aminex PLC
LON:AEX
Aminex PLC is an Africa-focused oil and gas company with near term production, development and high impact exploration. Fully funded to production, and with a new and experienced management team, Aminex has a world class asset base with proven large resource potential and a route to monetisation.
311 stories · page 11 of 16
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Aminex and Solo prepare for Tanzania drilling
Around 1.5km from Ntorya-1, the second well will target 153bn cubic feet of gas.
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Share price catalysts ahead as Aminex and Solo Oil prepare for new Ntorya drilling
The plan is for the Ntorya-2 well to follow up the original Ntorya discovery well, and drilling starts in the coming weeks.
Aminex counting down to Ntorya-2 spud in mid-December
Ntorya-2 is to be located some 1.5 kilometres from the original Ntorya discovery well, and it will be a decisive programme as Aminex seeks to confirm the high value discovery.
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Ntorya potential could quadruple Solo Oil’s share price
“[The] NT-1 [well] alone would underpin a mid-sized operation and Solo’s share price,” says City broker Beaufort Securities
Solo Oil's Jenkins lists options for earlier production from Ntorya
Solo's Fergus Jenkins believes there are several options to commercialise its big gas discovery in Tanzania.
Aminex on track in Tanzania
Drilling will begin late this quarter and is expected to take between 45 and 60 days.
Aminex says Tanzania drilling to get underway later this quarter
Aminex, which owns 75% of the Ruvuma acreage that is host potentially to significant accumulations of gas, sees Ntorya-2 as a low risk appraisal project.
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Solo Oil’s Neil Ritson delighted with new momentum at Ntorya discovery
“We look forward to further news as we move towards spud date," said Solo Oil chairman Neil Ritson.
Excitement builds as Aminex chases explorer’s holy grail
With drilling expected to run through the fourth quarter, and some fast track production targetted soon after, no wonder there's excitement for upcoming Ruvuma programme.
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Aminex confirms Ruvuma appraisal drilling will begin this year
The firm said its capital raise in August will allow drilling to get underway quickly at its Ntorya-2 and Ntorya-3 wells
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