The transaction is due to be voted on at a shareholder meeting on 4 January.
In the meantime, Aminex has finalised the anticipated programme for the planned Chikumbi-1 at the Ruvuma project and it has selected the contractors for the work. It has entered into a rig sharing agreement with Heritage Oil, for each company to reduce mobilization and demobilization costs.
Aminex has also put together plans for a 3D seismic programme which will cover some 220 square kilometres over the Ntorya development area.
Chikumbi-1 will be located about 4 kilometres from the successful Ntorya-2 well, drilled in 2017, and, it will be drilled down to a depth of 3,485 metres. If it proves successful, it is expected to be completed as a future producer, in the Ntorya development.
The well has two objectives – to expand and delineate the Ntorya project, and, to test a deeper, Late Jurassic exploration target.
Aminex also updated on the Kiliwani North asset, where a recent remedial programme on the project’s producing well provided the opportunity for further analysis. Sclumberger fully opened the well.
The company believes there is a fluid column in the well and it is analysing the operational and testing data.
It added that it has identified areas for a proposed 3D seismic programme, which would aim to identify low-cost drilling prospects, which may be monetised by being tied into the existing facilities.