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Aminex completes Ruvuma farm-out to ARA Petroleum Tanzania

StockMarketWire.com

Aminex is said it had completed the farm-out of its Ruvuma to ARA Petroleum Tanzania.

The company transferred a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum.

Following completion, the company now held a 25% interest in the Ruvuma PSA with a full carry to potentially significant volumes of production, and an estimated share of costs of US$35 million.



At 9:27am: (LON:AEX) Aminex PLC share price was +0.06p at 1.38p


Story provided by StockMarketWire.com