RESULT OF WELL TEST

Kiliwani North-1 well tests gas 40 million cubic feet/day

4 JUNE 2008

Aminex PLC, the oil and gas company listed in London and Dublin (“Aminex” or the “Company”) announces a successful well test at the Kiliwani North-1 well in Tanzania. 

Initial results from the test have established:

• A strong stabilised flow of gas at a rate of 40 million cubic feet/day, equivalent to 6,700 barrels of oil per day, through a 72/64ths” choke;
• Strong flowing wellhead pressures;
• Condensate of one barrel per million cubic feet;
• No CO2 or H2S impurities.

Aminex Chairman Brian Hall said: 

“This is an excellent test result, in excess of our expectations, and will enable us to accelerate appraisal and commercialisation of the KN-1 discovery which was announced to shareholders in March.  It further justifies our decision to go into the nearby Songo-Songo West area, a new PSA for which was announced on 2 June.”

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