Scirocco Energy PLC and Aminex PLC flagged that the project in Tanzania is “approaching exciting times” as a seismic programme undertaken by operator ARA Petroleum has confirmed sufficient data to pinpoint a final drilling position for the upcoming Chikumbi-1.
The well is slated to spud in November, and, the AIM-quoted firms today told investors that the well remains on schedule.
"We are approaching exciting times for Aminex,” said Charles Santos, Aminex executive chair.
“The seismic acquisition programme is close to producing results over the core area of the Ntorya gas-field with the delineation of the final location for the CH-1 well. We are pleased that the target spud date for the well remains on track for November 2022.”
Aminex retains a 25% non-operated interest in the project, with its costs carried by partner ARA (as a result of a farm-out deal), whilst Scirocco is in the process of selling its 25% interest in the project – it first agreed to sell to Wentworth Resource but both Tanzania’s national energy company and ARA have pre-emption rights which give them certain rights to pick up the assets instead.
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