Aminex PLC GRANT OF OPTIONS (8177X)
May 10 2016 - 10:00AM
UK Regulatory
TIDMAEX
RNS Number : 8177X
Aminex PLC
10 May 2016
Aminex plc
("Aminex" or "the Company")
GRANT OF OPTIONS
Aminex PLC has granted 139.25 million options dated 9 May 2016
to its Directors and staff. The total number of options now in
issue is 156.775 million, representing approximately 8.7% of the
Company's issued share capital.
The option price is Sterling 1.34 pence, calculated in
accordance with the rules of the Aminex PLC Executive Share Option
Scheme as approved by shareholders, using the average closing
quotation per share on each dealing day during the previous
fourteen dealing days. The options are exercisable immediately and
the option life is for three years. This is the first award of
options that the Company has made since 2010. Outstanding options
are exercisable at prices between 8.5 pence and 22.0 pence and had
an original life of 10 years.
For further information:
Aminex PLC +44 20 7291 3100
Jay Bhattacherjee, Chief
Executive Officer
Max Williams, Chief
Financial Officer
Corporate Brokers
Shore Capital Stockbrokers,
Jerry Keen +44 20 7408 4090
Davy, Brian Garrahy +353 1 679 6363
Camarco +44 20 3757 4980
Billy Clegg
Gordon Poole
Notes to editors
Aminex PLC is a gas and oil production, development and
exploration company which is premium listed on the London Stock
Exchange and primary-listed on the Irish Stock Exchange. Aminex is
run by an established management team which is aligned with
shareholders through its 11.5% equity stake. The Company's focus is
its three licences in Tanzania, where it was one of the first
independent oil companies to enter the country in 2002:
Kiliwani North Development Licence (54.575%) Operator
The Kiliwani North Field has been independently ascribed with 28
BCF gross contingent (2C) resource and will produce dry clean gas
under high natural pressure (1,600 psi) from the high quality
Neocomian late Cretaceous reservoir. The Kiliwani North -1 well
tested at 40 mmcfd. The gas will be sold at the well head in $US at
a fixed price and fed directly into the Tanzania's new pipeline
infrastructure to Dar es Salaam. As operator, Aminex has control of
the production ramp up, work programme and quantity and timing of
future capital expenditure.
Ruvuma Production Sharing Agreement (75%) Operator
The Ruvuma acreage includes Aminex's Ntorya-1 onshore Cretaceous
gas discovery which has been independently ascribed 70 BCF gross
contingent (2C) resource in the Ruvuma Basin. The well tested at 20
mmcfd. Aminex is currently appraising the discovery as well as
continuing exploration activity on the licenced area in the
prospective Ruvuma Basin.
Nyuni Area Production Sharing Agreement (90%) Operator
The Nyuni Area acreage offers high impact exploration and has
been ascribed 4.2 TCF prospective resource. Drilling success in the
region based on 3D seismic has been over 90%.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBXGDUDGBBGLG
(END) Dow Jones Newswires
May 10, 2016 10:00 ET (14:00 GMT)
Aminex (LSE:AEX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Aminex (LSE:AEX)
Historical Stock Chart
From Sep 2023 to Sep 2024