Aminex reports drilling progress in Egypt

Aminex has been advised by the operator of the West Esh el Mellaha Production Sharing Contract ('WEEM-2 PSC'), onshore Gulf of Suez, Egyp,t that the South Malak-2 exploration well will spud imminently.

South Malak-2 is targeting the prolific Nubia and Matulla sandstones. The company has also been informed that a second location has been chosen, designated as Wadi Kofra-1. This further well will target the same formations and drilling is expected to begin later this year.

Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd. ('APEL'). APEL holds 80% of the WEEM-2 PSC and other shareholders in APEL bear the company's share of exploration through to first commercial discovery of oil and gas. - See more at: http://www.stockmarketwire.com/article/4890203/Aminex-reports-drilling-progress-in-Egypt.html#sthash.rWP9Ptr9.dpuf