East Africa focused oil and gas explorer Aminex (LON:AEX) has released the results of an independent technical evaluation of its Ruvuma and Nyuni Area Licences in Tanzania.
ISIS Petroleum Consultants have confirmed that the licences contain a total of 11.4 trillion cubic feet (TCF) of discovered and undiscovered mean Gas Initially-in-Place – a 400 percent increase on the previous report.
Most of the increase is down to Aminex’s Ruvuma licence, where the company recently flow tested the Ntorya-1 discovery well. The well produced a final flow of 20.1 million standard cubic feet per day of gas and an estimated 139 barrels per day of condensate from a 3.5 metre perforated section in Lower Cretaceous sands.
As a result of that work, the Ntorya prospect accounts for a total of 1.17 TCF mean unrisked Gas Initially-in-Place in the new report, of which 178 billion cubic feet (BCF) is discovered. The total discovered and undiscovered mean Gas Initially-in-Place for the Ruvuma PSA area is 5.75 TCF.
Meanwhile, at Nyuni, the figures fell slightly on the previous report, with the total undiscovered mean Gas Initially-in-Place for all leads coming in at 5.67 TCF.
Stuard Detmer, Aminex’s chief executive, said: “The results are extremely encouraging, following on from the testing success at Ntorya announced last week. The evaluation confirms our view that the onshore Ruvuma Basin is highly prospective not only for gas but also with the possibility of finding reservoired oil.
“In the Nyuni Licence, while the results of the Nyuni-2 well and Nyuni-1A re-entry led to a downgrade in discovered mean GIIP, the report confirms the excellent potential of both structural and stratigraphic plays in the block by increasing total undiscovered mean GIIP by over 220% to 5.67 TCF compared with the prior period report. What is particularly exciting is the new potential identified in the deepwater sector of the Nyuni Licence where Aminex will be acquiring 2D seismic data in the coming months.”
