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2.625    -0.05 (-1.85%)
Bid:
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Spread: 0.05 (1.923%)
Market Cap: £118.59m
AEX Live PriceLast checked at - London Stock Exchange

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AGM Statement

22 May 2014 07:00

RNS Number : 7499H
Aminex PLC
22 May 2014
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Aminex plc

("Aminex" or "the Company")

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AGM Statement

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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:

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"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.

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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."

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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.

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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

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This information is provided by RNS
The company news service from the London Stock Exchange
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AGMSELFMFFLSEDI
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