Last checked at 27 Apr 2017 17:00
27 April 2017
ANNUAL REPORT AND notice of agm
Aminex PLC ("Aminex" or the "Company") today announces the publication of its Annual Report and Accounts for the year ended 31 December 2016 together with Notice of its Annual General Meeting, including the Form of Proxy.
The documents are available on the Company's website www.aminex-plc.com, and the Annual Report may be viewed by clicking on the following link:
Aminex PLC Annual Report 2016
Paper copies of the three documents are being mailed to those shareholders who have elected to receive paper copies.
Aminex's Annual General Meeting will be held at 2 pm on 19 May 2017 at The Stephen's Green Hibernian Club, 9 St Stephen's Green, Dublin 2, Ireland.
In accordance with Irish Listing Rule 6.6.1 and UKLA Listing Rule 9.6.1, copies of the Notice of the Annual General Meeting and the Form of Proxy have been submitted to the Irish Stock Exchange and the UK's National Storage Mechanism.
The documents will shortly be available at:
www.morningstar.co.uk/uk/NSM
and at: Company Announcements Office
Irish Stock Exchange
28 Anglesea Street
Dublin 2
Ireland
For further information, please contact:
Aminex PLC
Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415
Max Williams, Chief Financial Officer
Investec Bank plc
Chris Sim +44 (0) 207 597 4000
Shore Capital
Jerry Keen +44 (0) 20 7408 4090
Davy
Brian Garrahy +353 (0) 1 679 6363
Camarco
Billy Clegg / Gordon Poole / Tom Huddart +44 (0) 20 3757 4980
Notes to editors
Aminex PLC is a producing company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. The Company's focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002:
Ruvuma Production Sharing Agreement (75%) Operator
The Ruvuma acreage includes Aminex's Ntorya-1 and Ntorya-2 onshore Cretaceous gas discoveries in the Ntorya appraisal area, a component of the Ruvuma PSA. The Company considers that the Ntorya appraisal area has Pmean GIIP of 466 Billion Cubic Feet ('BCF'), being a three-fold increase over the previous estimate of 153 BCF which was audited by LR Senergy in May 2015. The Ntorya-1 well tested at 20 MMscd with 139 bbls of associated condensate and the Ntorya-2 well tested at an average flow rate of 17MMscd on a 40/64' choke.
Kiliwani North Development Licence (57.4474%) Operator
The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production at 15 MMscd. Gas is sold at the well head in $US at a fixed price and fed directly into the Tanzania's pipeline infrastructure to Dar es Salaam.
Nyuni Area Production Sharing Agreement (93.3333%) Operator
The Nyuni Area acreage offers high impact exploration and has been ascribed 4.2 TCF prospective resource. Drilling success in the region based on 3D seismic has been over 90%.