Last checked at 22 May 2014 07:00
Aminex plc
("Aminex" or "the Company")
AGM Statement
At the Annual General Meeting ("AGM") of Aminex PLC, an independent oil and gas company premium-listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange with activities focused in Tanzania, due to be held later today at The Building Centre, 26 Store Street, London, WC1E 7BT, CEO Jay Bhattacherjee, will provide shareholders with the following update:
"Pursuant to the Company's recent Interim Management Statement, I am pleased to report today that the seismic acquisition to appraise up-dip portion of the Ntorya-1 discovery is now complete and processing has begun and the overall programme remains on budget and on time. Fully interpreted results are expected during Q3 2014 and the Board looks forward to updating shareholders accordingly.
I am also pleased to report that construction of the regional Gas Sales Line remains on schedule. The Gas Sales Agreement for Kiliwani North remains largely complete with no material issues outstanding. The Board expects the well to begin production in early 2015, a milestone which will mark Aminex's first production in East Africa."
The Board will be providing shareholders with a short presentation on the Company's operations at today's AGM and a copy of the presentation will be posted to the Company's website (www.aminex-plc.com) at or shortly after 12 noon.
For further information:
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Aminex PLC | +44 20 7291 3100 |
Jay Bhattacherjee, Chief Executive Officer | |
Max Williams, Chief Financial Officer | |
Corporate Brokers | |
Shore Capital Stockbrokers-Jerry Keen | +44 20 7408 4090 |
Davy Corporate Finance-Brian Garrahy | +35 3 1679 7788 |
GMP Securities Europe LLP-Rob Collins | +44 20 7647 2816 |
Yellow Jersey PR (Financial PR) | +44 79 7140 2224 |
John Moriarty Dominic Barretto |