Aminex Group Spuds Second WEEM Well

Tuesday, April 29, 2008

Groundstar Resources Limited as a participating partner has announced that the second exploration well in the 2 well drilling program on the West Esh El Mellaha (WEEM) block spudded yesterday. The well is located on the NW Tanan prospect and will be drilled to a proposed total depth of 2,620 meters (8,600 feet).

The prospect is on trend with the Tanan-1 oil well, 3.1 kilometres to the southeast in the adjacent Lukoil block operated by Eshpetco. The well is drilling on a seismically defined tilted fault block.

The objective horizons include the Nukhul, Matulla and Nubia sands. It is anticipated from seismic mapping that the objective horizons will be structurally higher at NW Tanan-1 than previously encountered at the Tanan-1 well.

The well is operated by Aminex Petroleum Egypt Ltd and is expected to reach total depth in 25 days.


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