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Friday, May 15, 2015
Senergy (GB) has completed a technical evaluation on the resources of the Kiliwani North Development License and Ruvuma PSA for Aminex in Tanzania.
The technical evaluation revealed that the Kiliwani North Development License has a PMean Gas Initially in Place (GIIP) of 44 Bcf of which 28 Bcf (gross) is booked as contingent resources. Aminex said that it expects to book its first categorized reserves in Tanzania upon signing of a Gas Sales Agreement and commencement of production
On the Ruvuma PSA, the evaluation tagged total Pmean GIIP for discovered and undiscovered resources of 4.17 Tcf, gross. The Ntorya 1 discovery attributed 153 Bcf Pmean GIIP of which 70 Bcf booked as contingent resources. Aminex’s four main drillable targets attributed 3 Tcf PMean GIIP. Those drillable targets are the Ntorya Updip, Likonde Updip, Namisange, and Sudi.
Aminex says the basin remains significantly underexplored according to international standards and it is likely that as further development occurs on the license area additional leads will be identified and high graded to prospects.
The company remains focused on the deeper water potential of the Nyuni Area PSA. The identified deep water leads are analogous to the numerous large discoveries to the east of the Nyuni Area license.
Aminex Chief Executive Jay Bhattacherjee commented: “We are extremely pleased with the results of the report which takes us a step closer to realizing the considerable potential in the Ruvuma basin and validates the recent seismic and additional detailed technical work. In addition, the classification of Ntorya 1 as Contingent Resources establishes a second potential development asset within the company. With the recently completed pipeline and new industry developing in proximity, we will now undertake an evaluation of the development options for this asset. Combined with the commencement of production at Kiliwani North, which should allow the Company to book its first Tanzania gas reserves, we are entering into a very exciting time for Aminex.”
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