Appointment of Joint Corporate Broker

RNS Number : 6127K

Aminex PLC

23 September 2016

 

For immediate release

23 September 2016

AMINEX PLC

("Aminex" or "the Company")

Appointment of Joint Corporate Broker

Aminex is pleased to announce the appointment with immediate effect of Investec Bank plc as its joint corporate broker to the Company together with Davy, Aminex's sponsor, and Shore Capital Stockbrokers Limited.

Ends

For further information, please contact:

Aminex PLC  

Jay Bhattacherjee, Chief Executive Officer                                     [phone]

Max Williams, Chief Financial Officer

Investec Bank plc                                                                

Chris Sim                                                                                               [phone]

Davy 

Brian Garrahy                                                                                      [phone]

Shore Capital 

Jerry Keen                                                                                              [phone]

Camarco 

Billy Clegg / Gordon Poole                                                                [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:

Kiliwani North Development Licence (54.575%) Operator

The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production.  The Kiliwani North -1 well tested at 40 mmcfd.  Gas is 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%.

 

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