25 Apr 2016 07:01
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Aminex plc
("Aminex" or "the Company")
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New Corporate Presentation
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Aminex PLC, the Africa-focused oil and gas production and development company (LSE: AEX, ISE: AEX), is pleased to announce that an updated corporate presentation is now available to view on the Company's website: www.aminex-plc.com.
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For further information: Β | |
Aminex PLC | +44 20 7291 3100 |
Jay Bhattacherjee, Chief Executive Officer | |
Max Williams, Chief Financial Officer | |
Β Corporate Brokers | |
Shore Capital Stockbrokers, Jerry Keen | +44 20 7408 4090 |
Davy, Brian Garrahy | +353 1 679 6363 |
Β Camarco | Β +44 20 3757 4980 |
Billy Clegg Gordon Poole |
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Notes to editors
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AminexΒ PLC is a gas and oil production, development and exploration company which isΒ premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. Aminex is run by an established management team which is aligned with shareholders through its 11.5% equity stake. The Company'sΒ focus is its three licences in Tanzania, where itΒ was one of the first independent oil companies to enter the countryΒ inΒ 2002:
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KiliwaniΒ North Development Licence (54.575%) Operator
TheΒ KiliwaniΒ North FieldΒ has beenΒ independently ascribed withΒ 28 BCFΒ grossΒ contingentΒ (2C) resourceΒ andΒ will produce dry clean gas under high natural pressure (1,600 psi) from the high qualityΒ NeocomianΒ late Cretaceous reservoir.Β Β TheΒ KiliwaniΒ North -1 well tested at 40Β mmcfd. The gas will be sold at the well head in $US at a fixed price and fed directly into theΒ Tanzania's newΒ pipelineΒ infrastructure to DarΒ esΒ Salaam. As operator,Β AminexΒ has control of the production ramp up, work programme and quantity and timing of future capital expenditure.
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βRuvuma Production Sharing Agreement (75%) Operator
The RuvumaΒ acreage includesΒ Aminex'sΒ Ntorya-1Β onshore CretaceousΒ gas discoveryΒ which has been independently ascribedΒ 70 BCFΒ grossΒ contingentΒ (2C)Β resource in the Ruvuma Basin. The well tested at 20Β mmcfd. AminexΒ is currently appraising the discoveryΒ as well as continuing exploration activity on the licenced area in the prospective Ruvuma Basin.
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NyuniΒ Area Production Sharing Agreement (90%) Operator
TheΒ NyuniΒ Area acreage offersΒ high impact explorationΒ and has been ascribedΒ 4.2 TCF prospective resource. Drilling successΒ in the regionΒ based on 3DΒ seismicΒ has been over 90%.
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