StockMarketWire.com - Aminex says the civil work for the Ntorya-2 wellsite is now complete and the process of mobilising the Caroil 2 drilling rig and related equipment has begun from the Ntorya-1 well pad to the Ntorya-2 wellsite, approximately 1,500 metres away.
The Ntorya-2 appraisal well is expected to spud late Q4 and once spudded drilling is expected to take between 45 and 60 days. Ntorya-2 represents a low risk appraisal well targeting resources of 153 BCF and follows the discovery well at Ntorya-1, which flow tested at 20 mmcfd with 139 bbls of associate condensate. The company holds a 75% working interest and is the operator.
At 9:03am: [LON:AEX] Aminex PLC share price was -0.1p at 1.9p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.