The company is drilling this well as a vertical well to a planned total depth of 2026m, using the Caroil-6 rig.
The well is located 14km south of the Likonde-1 well, drilled in 2010, which proved the presence of an active petroleum system.
Ntorya-1 targets the same high quality Basal Tertiary and Upper Cretaceous sands discovered in the Likonde-1 well.
According to Aminex, the Ntorya prospect has a probability of success of around 20%, with mean recoverable resource potential of 100 million barrels of oil equivalent.
Aminex, through its wholly-owned subsidiary Ndovu Resources, operates the Ntorya-1 well with a 56.25% interest, while Tullow Tanzania and Solo Oil hold 25% and 18.75% interests, respectively.
