StockMarketWire.com - Aminex has signed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.

The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are under way to mobilise the rig and equipment to the Ntorya 2 pad, which is 1500m away.

The contract is for one firm well with an option for a second well. The company has a 75% working interest and is the operator of this well, which is positioned approximately 1500m southwest of the Ntorya-1 discovery well, which flow tested at 20 mmcfd with 139 bbls associated condensate. The company remains on track to spud Ntorya-2 during Q4 2016.




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