aminex report out

what the hell is a limited test?

Tanzania


Following the acquisition of Tanzoil in 2002, exploration activities were initiated on the Nyuni licence, a large tract offshore Tanzania. Aminex assembled a three-partner group which has now drilled the Nyuni-1 exploration well. Several other prospects have already been identified over the Nyuni licence area. The well, which reached a total depth of 3,895 metres in the Upper Jurassic, has drilled through a 1,100 metre Lower Cretaceous sequence, the potential reservoir, and is currently under limited test. The well has already established the presence of hydrocarbons in the area.

Aminex is the first company to have drilled an exploration well offshore East Africa for many years. However, the area is rapidly becoming a focus of renewed interest as larger companies negotiate extensive acreage holdings in Tanzania itself and in neighbouring offshore Kenya. Thanks to two existing gas discoveries, Songo Songo and Mnazi Bay, made some years back, Tanzania has generally been considered as an area of gas rather than oil potential. From the outset, however, Aminex has taken the view that offshore Tanzania offers great scope for the discovery of oil as well as gas and has approached the Nyuni project with this in mind. Subsequent regional oil sampling and geochemical analysis carried out by Aminex, allied to the presence of oil shows from cuttings during the drilling of Nyuni-1 itself, indicates the presence of oil over the region originating from a Lower Jurassic source rock.