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AEX Chubb Limited

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Share Name Share Symbol Market Type
Chubb Limited TG:AEX Tradegate Ordinary Share
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Drilling Report

12/12/2003 7:00am

UK Regulatory


RNS Number:1757T
Aminex PLC
12 December 2003

                                  AMINEX PLC

                          ("Aminex" or "the Company")



      Drilling Update - Nyuni#1 Exploration Well, Offshore Tanzania



Aminex PLC, the oil and gas company listed in London and Dublin announces that
the Nyuni#1 well is making good progress.  The well has reached 2,590 subsea in
Turonian shale and 7.5/8th" casing is currently being set, as planned.  The main
Neocomian target is anticipated soon after drilling resumes.  The Neocomian
formation is the principal target for this well and is the reservoir present in
the adjacent Songo Songo gas field.



The well is planned to terminate in the top Jurassic formation which is now
expected to be reached at a depth of around 3,300 metres by the end of December.



Nyuni-1 is the first of two wells being drilled on the Nyuni offshore licence
using an F200 rig owned by Dafora Drilling of Romania. The second well, Okuza-1,
will test a separate but adjacent structure and will be drilled from nearby
Okuza Island."



Partners in the Nyuni#1 well are:


Ndovu Resources Ltd. (Operator)                      60%
Petrom SA                                            30%
Bounty Oil & Gas NL                                  10%



Ndovu Resources Limited is a wholly-owned subsidiary of Aminex PLC. Petrom SA is
the state oil company of Romania



                                                                12 December 2003



Enquiries:


Aminex
Brian Hall, Chief Executive                          +44 20 7240 1600
Didier Murcia, Aminex, Perth                         +61 8 9221 9844
College Hill Associates
James Henderson                                      +44 20 7457 2020
















                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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