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29 January 2013


Ruvuma Farm-out Update


Aminex PLC, ('Aminex'), a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, announces that it has extended the bidding period for its proposed farm-out of an interest in the onshore Ruvuma Basin, Tanzania, where it made a discovery of natural gas and condensate in 2012. This extension is being made at the request of several interested parties which have already visited the data room. The bidding process is now likely to be completed in March and the market will be updated in due course. Aminex has a 75% interest in the Ruvuma Production Sharing Contract and the remaining 25% is held by Solo Oil PLC.



Aminex Chairman, Brian Hall, commented: "We are very pleased with the strong interest shown in our Ruvuma PSA and have decided to keep the farm-out process open for longer than originally anticipated to accommodate a number of interested parties. I look forward to updating the market in due course."

Some increased volumes today as we near farmout news

BP interested ?

Up 10% today - and I'm in profit; amazing!

Good news today.
Both companies are financially in a better shape tnow.

On the bounce since yesterday, 5 buyers of 100K keep the MMs on the run not long ago

most concentrated on solo yesterday but missed this

the rns yesterday - solo only have 25% but aex majority @ 75% - aex has a lower market cap

aex missed because everyone concentrating dl at solo

moving now finally and still early
gla

roll on Monday :-)
gla

looking good for more blue here today :-)

On Board..

Aminex has received first payment in relation to gas produced from the Kiliwani North-1 well in Tanzania and supplied to the Tanzania Petroleum Development Corporation.

Gas produced was paid in US dollars and in accordance with the company's gas sales agreement with TPDC. Scheduled future payments will be in accordance with the agreed GSA. The company continues to work with TPDC during the current commissioning period to achieve an optimal rate and during this phase is being paid for all gas produced.

Highlights from their Aug 2016 EGM.

Cornerstone investor in place

Balanced portfolio: strong position
including production, development
and additional growth potential
Kiliwani

North: now in production

Ruvuma appraisal drilling
programme financed and ready to
move ahead

Kiliwani
North Development Licence
•
Aminex
WI 54.575%* (Operator)
•
First Gas April 2016
•
Gas Sales Agreement in place
•
Gas sold at $3.07/
mcf
•
Indexed gas price is not linked to global
commodity markets
•
All gas sold is paid for in USD
•
Pipeline completed and processing plant
now
fully operational
•
28 BCF** (gross 2C
)
expected to be first booked
reserves for Company in Tanzania

if this is LNG, then watch out as there are grave problems with the proposed Lindi development and even doubts that there will be the money for it to be constructed at all

By Malcolm Graham-Wood | Mon, 27th June 2016

More good news today from Aminex (AEX), which is slowly but surely proving the pessimists wrong and building a decent business in Tanzania. It has announced a one-year extension of the Mtwara licence in the Ruvuma PSC, which was due to expire in December this year.

Secondly, the company has, with the support of the Tanzania Petroleum Development Corporation, transferred drilling obligations in North Lindi to the southern Mtwara licence, which contains the Ntorya discovery.

After drilling the Ntorya-2 appraisal well and depending on success, the company plans to apply for a 25-year development licence. Finally, the company has received an 18-month loan extension with no change to its terms

heaven forfend that i should be the harbinger of gloom, and suggest you go to ippmedia.com and search "Lindi"

Well planning and design for the Ntorya-2 and Ntorya-3 wells are being conducted by Norwell Engineering Ltd and operationally the Company remains on track to spud Ntorya-2 during the Q4 2016.

http://www.moneyam.com/action/news/showArticle?id=5402607

Malcy on Aminex

http://www.sharepickers.com/572-malcy-aminex-independent-oil-gas-plus-alan-green-likes-cake/

Back in Looking good..

https://www.youtube.com/watch?v=1hIiqzFFr5Y

Aminex will go deeper to maximise potential at Ruvuma in Tanzania

http://www.proactiveinvestors.co.uk/companies/news/179820

New Web Site

http://aminex-plc.com/ruvuma.aspx