kiliwani north

It would seem that BUY and joint venture partners are moving towards the long awaited commercialisation of their 40mcufd discovery which sits just 3km from gas process plant.
On this flow alone worth 5% of 6,000 boed to BUY. taken from Aminex release

Aminex is not yet in a position to quantify the Kiliwani North discovery but should be able to do so in the first quarter of 2010. Kiliwani North-1 flowed gas at 40 million cubic feet per day (equivalent to approximately 6,000 barrels of oil per day using the industry standard conversion factor) in 2008 under full production test conditions. Gas commercialisation terms have now been agreed in principle with the Tanzanian authorities and are likely to be finalised early in 2010 while approval for plant upgrading to handle Kiliwani North gas is still awaited. Kiliwani North is still held under an appraisal licence and when appraisal is complete a development licence will be applied

I hold Aminex and BUY

Regards

Pixby