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Share Price Information for Aminex (AEX)

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Share Price: 1.95
Bid: 1.90
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.10 (5.263%)
Open: 1.95
High: 2.05
Low: 2.00
Prev. Close: 2.00
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Aminex updates on Kiliwani North commissioning

Mon, 06th Jun 2016 12:13

(ShareCast News) - Aminex says commissioning of the gas plant and sub-sea pipeline at its Kiliwani North Development Licence in Tanzania began on 1 June, and that commissioning of the power regeneration system and other auxiliary facilities is complete.The company added that on 2 June gas was processed and entered the pipeline system connecting the Songo Songo plant with the national pipeline. During commissioning, gas rates were planned to rise to 30 mmscfd while pressuring up the plant and pipeline."The well has been performing very well and commissioning is so far on schedule," said chief executive Jay Bhattacherjee in a statement. "The company continues to focus on delivering production growth through Kiliwani and driving its appraisal and eventual development programme at Ruvuma."Aminex, whose shares were up almost 4%, and its partners have invoiced Tanzania Petroleum Development Corporation for both April and May gas production in accordance with the terms of the signed gas sales agreement.
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