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Aminex - South Malak-1

Exploration & Production

AMINEX ANNOUNCED THAT the South Malak -1 well in the West Esh El Mellaha PSC area, onshore Gulf of Suez, Egypt, has now been drilled to a total depth of 11,200 feet.

Oil shows were encountered in Pre-Miocene Matulla sand stringers from 10,858 to 10,900 feet and high gas readings were encountered from 10,300 feet through to total depth.

p>AMINEX ANNOUNCED THAT the South Malak -1 well in the West Esh El Mellaha PSC area, onshore Gulf of Suez, Egypt, has now been drilled to a total depth of 11,200 feet.

Oil shows were encountered in Pre-Miocene Matulla sand stringers from 10,858 to 10,900 feet and high gas readings were encountered from 10,300 feet through to total depth.

The well has now been logged from the base of the last cased section, at 2,725 feet, down to total depth. The hydrocarbon shows encountered, together with log analysis, support a testing program in four potential zones. The well will be cased to 11,030 feet leaving the bottom 170 feet uncased in order to conduct an open hole test of possible fractured Granite Wash and Basalt.

The remaining proposed tests will be conducted over the cased portion of the well. The testing program will commence once casing and cementing have been completed which are estimated to take several days. Aminex has a 10 per cent carried interest in South Malak-1 through its shareholding in Aminex Petroleum Egypt Ltd.

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