Aminex PLC New Corporate Presentation (1322W)
April 25 2016 - 2:01AM
UK Regulatory
TIDMAEX
RNS Number : 1322W
Aminex PLC
25 April 2016
Aminex plc
("Aminex" or "the Company")
New Corporate Presentation
Aminex PLC, the Africa-focused oil and gas production and
development company (LSE: AEX, ISE: AEX), is pleased to announce
that an updated corporate presentation is now available to view on
the Company's website: www.aminex-plc.com.
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
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