Aminex Share News (AEX)

Aminex To Sell US Business To Northcote Energy, Springer Oil & Gas

LONDON (Alliance News) - Aminex PLC saw its shares surge Friday after it said it had reached a deal to sell its US business to Northcote Energy Ltd and Springer Oil and Gas LLC for USD5 million in cash and shares, a move that will leave it focused on Africa. In a statement, the oil and gas

Aminex posts full-year loss hit by impairment and accounting charges

Shares in oil and gas developer Aminex tanked on Wednesday after the firm posted a loss for 2013 of 17.3m dollars. The firm explained that the loss (2012: $5.3m) included two significant factors, namely a $9.3m impairment of its US assets as well as an accounting charge of $4.4m relating to the wo

Aminex Appoints Top Executives To Board

LONDON (Alliance News) - Aminex PLC Friday said it has appointed Chief Executive Jay Bhattacherjee, Chief Operating Officer Philip Thompson, and Chief Financial Officer Max Williams to its board, while Brian Hall has stepped down as acting chairman and will remain as chairman for "as long as requ

Aminex carries out multiple board changes

East African focused oil group Aminex has unveiled a number of senior board changes which are to take effect immediately. The group has named Jay Bhattacherjee, Chief Executive Officer, and Phillip Thompson, Chief Operations Officer, to the board. The new appointments come after the acquisition of

Sports Direct non-exec sells over half his stake

Simon Bentley, a Non-Executive Director at Sports Direct International, on Tuesday sold 15,000 shares in the FTSE 100-listed retailer, reducing his stake to just 10,000. The director, who sold the shares for 792.50p a piece, was able to benefit from the recent strong rise in the group's share pric

Aminex And Solo Oil Amend Ruvuma Production Sharing Contract

LONDON (Alliance News) - Aminex PLC and Solo Oil PLC announced Monday that a formal addition to the Ruvuma Production Sharing Contract has been signed with the Tanzanian Minister of Energy and Mines. The oil and gas exploration and development companies said that the addendum allows for the

Aminex announces placing and open offer

Oil and gas explorer Aminex has placed 800m shares at 1p each to generate funds for the acceleration of its seismic programme on its Ntorya-1 discovery and to pay certain creditors. The group raised £8m before expenses via the placing, and a further £2m through a one for four open offer of around

Aminex To Raise GBP10 Million In Placing, Open Offer

LONDON (Alliance News) - Aminex PLC Thursday said it plans to raise GBP8 million through a placing of 800 million shares and a further GBP2 million through an open offer for a further 204.6 million shares. It said it will also undertake a debt for equity swap of about GBP0.75 million with c

UK MORNING BRIEFING: BSkyB Up, Diageo Down Amid Lower Open

LONDON (Alliance News) - UK shares have opened lower Thursday, following the decision of the US Federal Reserve to continue tapering its asset purchases.

A large number of UK company reports at the open have seen a positive statement from BSkyB, up 2.4% at the open,

Solo Oil Starts Infill Seismic Survey Of The Ntorya Discovery

Aminex Shares Fall 14% As It Enter Negotiations To Secure New Funding

Aminex Makes Progress In Tanzanian Negotiations

Northcote acquires interest in producing leases from Aminex

Northcote Energy, an onshore US oil and gas exploration and production company, has signed an agreement with Aminex to acquire a 25 per cent working interest in a number of producing leases at the South Field in Texas. Oil and gas producer Aminex will be paid in the region of $0.45m dollars, which

Aminex deal delays pile pressure on finances

Oil and gas explorer Aminex has yet to secure a long-awaited buyer for its US assets nor a farm-out partner for its major projects in Tanzania. The lack of a deal has put pressure on the company's finances, with the refinancing of a short-term loan required soon. However, one of the the three p

Aminex extends bidding period for Ruvuma Basin farm-out

Aminex, an exploration company focused on East Africa, said Tuesday 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. The extension was made at the request of seve