AEX Aminex Plc

TIDMAEX

RNS Number : 8112M

Aminex PLC

02 August 2017

2 August 2017

Aminex plc

("Aminex" or "the Company")

Management Appointments

Aminex is pleased to announce the appointments of Aaron LeBlanc as Chief Operating Officer with immediate effect and Brian Cassidy as Head of Legal effective 1 September 2017.

Aaron is a Geologist by background with 15 years' experience in oil and gas exploration, development and operations. He has worked in Western Canada, the Former Soviet Union, Europe, North Africa, East Africa, the Middle East and South-east Asia. His early career was spent with Devon Energy Corporation where he was an integral member of the acquisition and development group for the Iron River oilfield which saw production increase from under 3,000 bbl/d to over 30,000 bbl/d. Prior to joining Aminex he was Vice-President Exploration at Serinus Energy Inc and was a key member of the team that grew its Ukrainian gas production organically by approximately tenfold through an active drilling programme. As COO he becomes responsible for all operations in Tanzania and elsewhere when applicable.

Brian is a Solicitor with over 20 years' experience in the oil and gas industry, during which time he has worked in the UK, Azerbaijan, Singapore, Hong Kong, China and South Korea. Before working in the industry he practised law with Ledingham Chalmers LLP, McGrigors LLP and Clifford Chance LLP. Prior to joining Aminex, he was Head of Legal and Company Secretary at Bowleven plc. As Head of Legal at Aminex he will be responsible for all legal matters related to commercial and operational activities.

Ends

For further information, please contact:

Aminex PLC

Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415

Max Williams, Chief Financial Officer

Investec Bank plc

Chris Sim +44 (0) 207 597 4000

Shore Capital

Jerry Keen +44 (0) 20 7408 4090

Davy

Brian Garrahy +353 (0) 1 679 6363

Camarco

Billy Clegg / Gordon Poole / James Crothers +44 (0) 20 3757 4980

Notes to editors

Aminex PLC is a producing company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. 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:

Ruvuma Production Sharing Agreement (75%) Operator

The Ruvuma acreage includes Aminex's Ntorya-1 and Ntorya-2 onshore Cretaceous gas discoveries in the Ntorya appraisal area, a component of the Ruvuma PSA. The Company considers that the Ntorya appraisal area has Pmean GIIP of 466 Billion Cubic Feet ('BCF'), being a three-fold increase over the previous estimate of 153 BCF which was audited by LR Senergy in May 2015. The Ntorya-1 well tested at 20 MMscd with 139 bbls of associated condensate and the Ntorya-2 well tested at an average flow rate of 17MMscd on a 40/64' choke.

Kiliwani North Development Licence (57.4474%) Operator

The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production at 15 MMscd. Gas is sold at the well head in $US at a fixed price and fed directly into the Tanzania's pipeline infrastructure to Dar es Salaam.

Nyuni Area Production Sharing Agreement (93.3333%) 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

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