The Kilwani North field onshore Tanzania is expected to start production at approximately twenty million standard cubic feet of gas per day (20 MMscf/d) in early 2015. Construction of a two kilometre (2 km) pipeline from Kilwani North-1 wellhead to the new SongoSongo processing plant is expected to be completed by the end of 2014.
Once producing, KNDL will represent a major milestone for Aminex by providing first revenues to the Company from its Tanzanian assets. Independently verified resources at Kilwani North Development Licence (KNDL) are estimated to be 45 billion cubic feet of gas in place. London listed Aminex Petroleum operates the asset with 65%, with RAK Gas 25%, Bounty Oil 10%. If Solo elects to take up 13% entitlement, on account of the discussions it is having with Aminex and Tanzanian authorities, Aminex’s equity will become 52%.
