Friday, 6 October 2017

Malcy Says...


Aminex

This year has been good for Aminex and with gas production of 15 mmcf/d expected to rise after further exploration success at Ntorya the outlook is also very positive.
Resource estimates for the Ntorya field are now 1.3 TCF and development plans have been submitted along with application for a development licence. The company has paid down its debt, has net cash of $6.91m and highly supportive shareholders and so the outlook looks pretty good to me.