Result of AGM

RNS Number : 7083F

Aminex PLC

19 May 2017

 

Aminex plc

("Aminex" or "the Company")

Result of Annual General Meeting

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, announces that all the resolutions put to shareholders at the Annual General Meeting of the Company held earlier today were duly passed.  Details of the numbers of shares in respect of which valid proxy appointments were made in advance of the AGM are available on the Company's website, www.aminex-plc.com

For further information, please contact:

Aminex PLC  

Jay Bhattacherjee, Chief Executive Officer                                        [phone]

Max Williams, Chief Financial Officer

Investec Bank plc                                                      

Chris Sim                                                                                              [phone]

Shore Capital 

Jerry Keen                                                                                             [phone]

Davy 

Brian Garrahy                                                                                        [phone]

Camarco 

Billy Clegg / Gordon Poole / Tom Huddart                                           [phone]

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%.

 

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