20 July 2017
Aminex plc
("Aminex" or "the Company")
Corporate Update and New Website
Aminex is pleased to report that it has now received a
further payment from Tanzania Petroleum Development Corporation ('TPDC') for
Kiliwani gas sales. The Company continues to work with TPDC to bring arrears
fully up to date. Aminex has a strong balance sheet and is a debt-free gas
producer. Production from the Kiliwani North 1 well continues to average 15
MMcf/d during 2017.
In the Ruvuma area the Company is
fully engaged on its updated basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers. A gas development plan is being prepared by io oil & gas consultancy. These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September.
fully engaged on its updated basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers. A gas development plan is being prepared by io oil & gas consultancy. These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September.
Aminex is also re-evaluating existing data over its
licence interests around Songo Songo Island to identify further drilling
targets which could ultimately produce additional gas into the Songo Songo
Island processing plant.
The Company's new mobile-friendly website has been
launched this morning and can be accessed using the following link, www.aminex-plc.com
Ends