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NEW SEISMIC ACQUIRED in summer 2009 to define the Kiliwani North discovery in Tanzania is being integrated into reprocessed data covering the remainder of the Nyuni licence and the preliminary results of the broader exercise are extremely encouraging for the unexplored prospects on this licence.

Aminex increased its interest in Nyuni from 40 per cent to 50 per cent in summer 2009 and the Nyuni Joint Venture has now voted to drill an exploration well in about one year's time.
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 40mn cfd (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 soon while approval for plant upgrading to handle Kiliwani North gas is still awaited.
Kiliwani North is still held under an appraisal license and when appraisal is complete a development licence will be applied for.