Aminex today confirmed it would spud its Ntorya-2 appraisal well located in Tanzania in the coming days.
A spokesperson said: “The company has a 75% operated interest in the well and initial results are expected early next year. The well location is a 1,500-metre step-out from the company’s Ntorya-1 discovery which flow-tested gas at 20 mmcf/d, with 139 barrels of associated condensate, from a 3.5-metre sand interval. The Ntorya-2 well is expected to test the up-dip part of the same channel complex as the Ntorya-1 discovery well only in a thicker gross reservoir section.”
Elsewhere, revenue from its Kiliwani North gas sales to the Tanzania Petroleum Development Corporation is now established. The gas is sold at US$3.00 per mmbtu at the outlet flange of the wellhead and the Company does not incur any additional transmission costs. The agreed gas price is not linked to global commodity prices so is unaffected by changing market conditions. The Company is paying down its corporate debt facility from the proceeds of sales receipts.
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