AGM Statement

RNS Number : 7499H

Aminex PLC

22 May 2014

 



Aminex plc

("Aminex" or "the Company")

AGM Statement

At the Annual General Meeting ("AGM") of Aminex PLC, an independent oil and gas company premium-listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange with activities focused in Tanzania, due to be held later today at The Building Centre, 26 Store Street, London, WC1E 7BT, CEO Jay Bhattacherjee, will provide shareholders with the following update:

"Pursuant to the Company's recent Interim Management Statement, I am pleased to report today that the seismic acquisition to appraise up-dip portion of the Ntorya-1 discovery is now complete and processing has begun and the overall programme remains on budget and on time.  Fully interpreted results are expected during Q3 2014 and the Board looks forward to updating shareholders accordingly.

I am also pleased to report that construction of the regional Gas Sales Line remains on schedule.  The Gas Sales Agreement for Kiliwani North remains largely complete with no material issues outstanding.  The Board expects the well to begin production in early 2015, a milestone which will mark Aminex's first production in East Africa."

The Board will be providing shareholders with a short presentation on the Company's operations at today's AGM and a copy of the presentation will be posted to the Company's website (www.aminex-plc.com) at or shortly after 12 noon.

For further information:
Aminex PLC	[phone]
Jay Bhattacherjee, Chief Executive Officer
Max Williams, Chief Financial Officer
Corporate Brokers
Shore Capital Stockbrokers-Jerry Keen	[phone]
Davy Corporate Finance-Brian Garrahy	[phone]
GMP Securities Europe LLP-Rob Collins	[phone]
Yellow Jersey PR (Financial PR)	[phone]
John Moriarty Dominic Barretto

 

END

 

 

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