RNS Number : 1866X
Aminex PLC
20 June 2008
20 JUNE 2008
AMINEX PLC
DISPOSAL OF INTEREST IN AMICOH RESOURCES LTD
Aminex PL ("Aminex"), the oil and gas company listed in London and Dublin, today announces
that it has sold its shareholding in Amicoh
Resources Ltd. to fellow shareholder Mocoh Resources Ltd. for a cash consideration of $250,000
and that as a consequence is no longer a
participant in the Manja licence in Madagascar.
Aminex chairman Brian Hall commented:
"In Madagascar progress has been slower than anticipated and selling our interest at this
time represents sensible management of our
overall portfolio in the region. This will allow us to concentrate more of our available
resources on other projects with a potentially more
immediate impact. These include appraisal and commercialisation of our recent Kiliwani North
discovery, exploration of the adjoining and
newly-awarded Songo-Songo West permit and first drilling in the Ruvuma Basin, all in Tanzania.In Kenya we will progress work on Blocks L17
& 18, awarded late last year, while in Texas we anticipate spudding a significant new deep
exploration well at Alta Loma in the next few
days.
We have benefited from excellent co-operation with OMNIS, the state oil and mining concern
in Madagascar and wish the Manja project well
in the future."
END
Further info:
Aminex PLC +44 (0) 20 7291 3100
Brian Hall - Chairman
Pelham Public Relations +44 (0) 20 7743 6679 or +44 (0)7802 442486
Archie Berens
This information is provided by RNS
The company news service from the London Stock Exchange
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