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Aminex, Solo to test Ruvuma gas in southern Tanzania

Aminex PLC said its Ndovu Resources Ltd. Subsidiary will test a Cretaceous sandstone interval at 2,660-85 m at the Ntorya-1 indicated gas discovery well in the Ruvuma basin onshore southern Tanzania.

Aminex said it has commissioned geological and seismic studies to establish the extent of the Ntorya discovery and locate other prospects on the Ruvuma Production Sharing Agreement area where the company plans to invite offers from potential partners to participate in the next round of exploration, commencing with shooting further seismic later in 2012.

Participants in the Ruvuma PSA are Ndovu Resources operator with 75% interest and Solo Oil Plc 25%.

Aminex noted that Ntorya-1 “has the potential to flow gas at commercial rates and is located 20 km from an existing gas-to-power facility at Mtwara, where further gas transport infrastructure is planned. Aminex sees tremendous potential in its acreage in the Ruvuma basin where nearby offshore gas discoveries total over 70 tcf.”

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