Tanzania

Aminex has spent several years building an acreage on the East African margin where it now has a unique position, created well ahead of the current high level of industry interest in the region.

In March 2008, Aminex, through its wholly-owned subsidiary Ndovu Resources, drilled the Kiliwani North-1 (KN-1) discovery well offshore Tanzania in the Nyuni/East Songo-Songo licence area. KN-1 intersected a substantial gas column in the same reservoir that produces gas commercially in the neighbouring Songo-Songo gas field KN-1. It also encountered oil shows in the Neocomian reservoir section. KN-1 is a totally new, deep structure which opens up several avenues for further exploration on the licence and strengthens the case for oil on the East African margin.

The Ruvuma licence area is adjacent to the Mnazi Bay gas field currently under commercial development for power generation. The area includes several leads and prospects while drilling in the past has resulted in oil shows. The southern boundary of the licence is the Ruvuma River which divides Tanzania and Mozambique. On the Mozambique side, most of the available acreage has now been licensed to international oil companies including Statoil, ENI and Anadarko.

The West Songo Songo licence area, is adjacent to the western boundary of the producing Songo-Songo gas field and close to Aminex’s recent gas discovery at Kiliwani North.