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'The Ruvuma Basin continues to deliver', says Aminex boss following Ntorya upgrade

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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''.

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aminex Jay Bhattacherjee ntorya ruvuma
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