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Tuesday, August 2, 2016
Aminex confirmed that the government of Tanzania has formally approved the extension of its Mtwara License of the Ruvuma PSA. The license was due to expire in December of this year; the extension takes Aminex to December 2017.
The Mtwara License includes the Ntorya Appraisal Area where Aminex has an existing discovery.
Within the license civil work for the Ntorya-2 appraisal well has begun. The company expects the well pad to be complete within 10 weeks.
Aminex has a 75% working interest and is operator of the well. The well will be drilled about 1,500 meters southwest of the original Ntorya-1 discovery well. The drilling of the Ntorya-2 satisfies Aminex’s appraisal drilling obligation, after which it plans to apply for a 25-year development license subject to its success.
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