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(Alliance News) - Aminex PLC on Monday said the Ruvuma project farm-out parties have agreed another longstop extension to October 31.
Shares in gas firm Aminex closed down 5.6% at 0.66 pence.
On July 19, Aminex announced that all parties in the Tanzanian gas project had expressed a willingness to extend the longstop if required, due to ongoing delays. The longstop was already extended from March to July-end.
The farm-out will see a 50% of Ruvuma interest transferred by Aminex to ARA Petroleum Tanzania Ltd.