Tanzania: Aminex secures rig
Issue 331
- 04 Oct 2016
| 1 minute read
London-based Aminex has secured the Caroil 2 drilling rig to drill the Ntorya-2 appraisal well in the Ruvuma Basin. The contract is for one firm well with an option for a second well. The well is located 1,500 metres south-west of the Ntorya-1 discovery well, which flow tested at 20mcf/d with 139 b/d of associated condensate. Aminex says it remains on track to spud Ntorya-2 during Q4 2016. Aminex’s partner Solo Oil announced on 16 September that it had raised £2m ($2.6m) to fund its share of the well through the issue of 1.1bn new shares on London’s AIM to Australian investor Epsilon Pty.
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