Video source: proactiveinvestors StockTube
Aminex plc (LON:AEX) has told
investors of a major upgrade to the gas resource estimates for the Ntorya
project in Tanzania.
Chief executive Jay
Bhattacherjee says the Ntorya discovery is now estimated to have some 466bn
cubic feet of mean gas initially in place (GIIP), up from the previous estimate
of 153bn cubic feet.
The new estimates range from
62bn cubic feet in the more conservative P90 case to 1.13 trillion cubic feet
in the P10 scenario.
''Not only do we have a large
gas resource in play but we also have the potential here for liquids and what
we're looking to do now is just to go through the basin model we currently
have, update that and then build a development programme which we anticipate
will be very important for the country''.