BUY is an aggressive explorer while producing at the same time....

BUY is an aggressive explorer while producing at the same time. thats why im bullish on this stock.


another article regarding Kiliwani;


Kiliwani partners close to gas supply deal

Published: Jan 4, 2010
Offshore staff

LONDON -- Aminex is integrating seismic acquired in 2009 to define the Kiliwani North discovery offshore Tanazania into reprocessed data, covering the remainder of the Nyuni licence.

The company says preliminary results are extremely encouraging for the unexplored prospects on this license. Aminex increased its interest in Nyuni from 40% to 50% last summer and the Nyuni Joint Venture has agreed to drill an exploration well, probably in 2011.

Aminex says it cannot quantify the Kiliwani North discovery at present, but should be able to do so in the coming weeks. Kiliwani North-1 flowed gas at 40MMcf/d in 2008 under full production test conditions. The partners have agreed gas commercialization terms in principle with the Tanzanian authorities and these will likely be finalized early in 2010. They are still waiting for approval for plant upgrading to handle the field's gas.

Kiliwani North is held under an appraisal licence. On completion of the appraisal program, the partners will apply for a development licence.