The company has also been informed that a second location has been chosen, designated as Wadi Kofra-1. This further well will target the same formations and drilling is expected to begin in late-2014. The WEEM 2 PSC is directly west of Lukoil’s WEEM 1 PSC which is producing from the same formations being targeted by South Malak-2 and Wadi Kofra-1.

Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd. (APEL). APEL holds 80% of the WEEM-2 PSC and other shareholders in APEL bear the company’s share of exploration through to first commercial discovery of oil and gas.

Aminex plc is not a direct participant in the planned drilling program but said it will keep shareholders advised on progress where possible.