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Share Price: 1.70

Bid: 1.65

Ask: 1.75

Change: 0.05 (3.03%)

Spread: 0.10 (6.061%)

Open: 1.65

High: 1.70

Low: 1.65

Prev. Close: 1.65

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27 Jan 2012 10:12

Aminex falls after well casing operation

The east Africa-focused oil company, Aminex, says an intermediate casing string has been set on its Ntorya-1 well onshore in Tanzania. The well was spudded on December 22nd 2011 and had been drilled to 1,535 metres before the casing operations. It will now continue to approximately 1,800 to 1,900

21 Dec 2011 16:29

Barclays director keeps the faith

Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a

5 Dec 2011 09:52

Aminex gets ready to spud Ntorya-1

Aminex, the oil and gas exploration company, has seen its share price rise 3.87% on news that it is about to spub its Ntorya-1 well in southern Tanzania. The company says the drill site was completed at the end of October and that "the rig camp is now fully installed". Aminex says it expects to st

16 Nov 2011 13:01

Aminex progressing well

Aminex, the Africa- and US-focused oil and gas firm, has progressed well since the start of July, the firm said. The group's Nyuni 2 exploration well was suspended as a result of difficult drilling conditions, however the resource potential was not affected. Tests on the Nyuni 1 exploration well w

6 Oct 2011 08:22

Obstructions stop work at Aminex well

Africa and US focused oil and gas firm Aminex has suspended further work on the Nyuni-2 exploration well off the coast of Tanzania due to obstructions near the base of the well, the firm said. Repeated attempts to drill out the obstructions were unsuccessful so a decision was made to cement off t

22 Sep 2011 09:55

UPDATE: Thursday broker round-up

Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t

20 Sep 2011 11:27

Aminex appoints new chief exec

Aminex, the Africa and US focused oil and gas firm, has appointed Stuard Detmer to the position of chief executive officer with immediate effect. The move will see him takeover the role from Brian Hall, who remains in his position as executive chairman. Shareholders will be asked to approve the

16 Sep 2011 10:18

Obstruction delays progress at Aminex well

Aminex, the Africa and US focused oil and gas firm, saw its share price dip after the mining firm reported that it was unable to progress past a blockage in its Nyuni-2 well. The decision was made to pull back 3,000 meters, above the area of blockage, and to side-track the well, by-passing the obs

13 Sep 2011 08:28

Aminex swaps Tanzania interests

Aminex, the Africa and US focused oil and gas firm, is seeking to complete a so called 'acreage swap' in Tanzania with its partner, Key Petroleum. In essence, the deal will see Aminex's 50% stake in the Songo-Songo transferred to its partner Key Petroleum after what the company describes as "slow p

31 Aug 2011 09:46

Aminex desperate to get gas on shore

Aminex, the oil and gas company with operations in Tanzania and the southern US, saw a 33% increase in production in the first half of 2011 to the equivalent of 50,500 barrels of oil. The company's half-year results also show a pre-tax loss of $896,000, better than the $2.49m loss in the same perio

26 Aug 2011 09:11

Aminex reports 'satisfactory progress' in Tanzania

Aminex, the oil and gas firm with operations in Africa and the US, said that operations at its Nyuni-2 exploration well in the Indian Ocean have made "satisfactory progress" despite some delays. The rig at the well, being drilled from Nyuni island off the Tanzanian coast, was shut down for eight da

30 Jun 2011 17:35

Ocean Wilsons director splashes out

Board member Alex Cooper has upped his stake in Ocean Wilsons, spending nearly £50,000 on shares in the Brazil-focused shipping services group. Cooper, a lawyer and resident of Bermuda, bought 3,550 shares at 1,360p a share, and now has 46,450. The shares have risen sharply since the company issue

17 Jun 2011 13:29

Aminex commences drilling at Tanzanian well

US- and Tanzania-based oil and gas group Aminex announced that its Nyuni-2 well spudded shortly in the early hours of the morning on Friday. It is estimated that drilling to target depth at the well, located offshore Tanzania 30km off the mainland, will take nine to ten weeks. Nyuni-2 will be the

8 Jun 2011 12:14

Aminex details its East Africa exploration programme

East Africa focused oil exploration company Aminex is today holding its annual general meeting in Dublin. In the accompanying slide presentation, posted on the company's website, the outfit describes the progress made in its different exploration activities in Tanzania. The company has recently rai

30 Mar 2011 14:17

Another busy year ahead for Aminex

Oil firm Aminex has had a busy year's drilling and expects more of the same as it advances projects in Africa and the US. In the year to 31 December, revenues fell to $7.1m (£4.43m) from $7.8m the previous year, while net losses widened to $4.5m from $2.9m. "We are looking forward to a busy period

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