Hi towie,
Bounty has taken a direct interest of 10 % in the drilling of three wells in offshore Tanzania. The first is on an island called Nyuni which enables offshore drilling at on shore costs.
There are oil seeps coming up in the area and seismic work suggests a basin containing 260m bls of oil. A gas pipeline is near by.
The drilling has commenced and should take about 70 days.
Refer to the Aminex website on http://www.aminex-plc.com/aminexplchome.html under latest press releases.
Considerating that there is virtually no backslide risk in Bounty and an aweful lot of blue sky, It looks to be worth seeing this one through.
You also have a great week.
Regards M.
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