Last checked at 30 May 2012 13:00
MARKETING OF US ASSETS FOR DIVESTITURE
Aminex PLC ('Aminex' or the 'Company'), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces that it has launched a marketing programme to sell its remaining assets in the United States.
Aminex plans to sell three producing properties: Alta Loma and Weslaco in Texas and Shoats Creek in Louisiana. Aminex has retained Meagher Energy Advisors to market the properties and advise on the sale. The Company is targeting completion of the divestiture by Q4.
Aminex Chief Executive Stuard Detmer commented: "In its recent IMS Aminex reiterated its commitment to redirect resources towards high impact investments in Africa. Launching the process to sell the remainder of the Company's US assets is an important step in this direction and follows on from the successful sale of the Somerset Field in March of this year."
For further information:
Aminex PLC +44 (0) 20 7291 3100
Stuard Detmer - CEO
Meagher Energy Advisors
Jesse Murdock, VP Business Dev. +1 (918) 481-5900 x230
M: Communications
Patrick d'Ancona +44 (0) 20 7920 2347 or +44 (0) 7768 981 256
Chris McMahon +44 (0) 207 920 2358 or +44 (0) 7703 045 103