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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