Petroleum Africa
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Sunday, July 23, 2017
Aminex received a further payment from TPDC for Kiliwani gas sales. The company continues to work with TPDC to bring arrears fully up to date. Aminex has a strong balance sheet and is a debt-free gas producer. Production from the Kiliwani North 1 well continues to average 15 Mmcf/d during 2017.
In the Ruvuma area, the company is fully engaged on its updated basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers. A gas development plan is being prepared by io oil & gas consultancy. This, together with submission of the Ntorya Field development plan to TPDC, is expected to be completed in early September.
Aminex is also re-evaluating existing data over its licence interests around Songo Songo Island to identify further drilling targets which could ultimately produce additional gas into the Songo Songo Island processing plant.
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