GE Consider Selling off Majority Share of Baker Hughes

General Electric

On Monday, General Electric (GE) CEO John Flannery signalled he would consider selling off its majority share in Baker Hughes, a separately traded company formed by the merger of GE's oil and gas unit and oilfield services firm Baker Hughes.

Aminex Partner Solo Oil & Gas RNS and PodCast Announce Convertable Loan Facility

Solo Oil Plc

US$5 million Convertible Loan Facility

RNS Number : 3809W

Solo Oil Plc

14 November 2017

SOLO OIL PLC

("Solo" or the "Company")

Solo Oil plc (SOLO: AIM) is pleased to announce that the Company has today entered into a Convertible Loan Agreement ("Agreement") with institutional investors arranged by RiverFort Global Capital Limited ("RiverFort Investors") for a total maximum commitment of US$5 million.  The Company has also drawn a first tranche of US$1.5 million ("First Tranche"), with subsequent drawings against the facility to be at the Company's sole election.

Ntorya Gas Condensate Field, Ruvuma Basin

Ntorya gas condensate field located in south-east Tanzania and forms part of the Ruvuma Petroleum Sharing Agreement (PSA), which is jointly owned by its operator Aminex (75%) and UK-based Solo Oil (25%).

Mike Rego - Finding East & Southern African Oil & Gas Video Presentation

Since 2003, exploration activity along the coastal margin of East Africa has been at its most intense since exploration began in earnest in the 1950’s. However despite much effort, with many promising indications for oil both onshore and offshore, in all of this time there has been only one commercial oil discovery in contrast to the 150-200 Tcf of gas that has been recently discovered offshore.

Top Oil Man Appointed Independent Non-Executive Director at Aminex PLC

9 November 2017

Aminex plc

("Aminex" or "the Company")

DIRECTORATE CHANGE - APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Aminex is pleased to announce the appointment of Mr John Bell as an independent Non-Executive Director of the Company with immediate effect.

New Mega Gas Burning Fertiliser plant in the region 104mmscfd required

IT is estimated that about 5,000 jobs will be created by the envisaged 4 trillion shillings plus worth project in Kilwa, Lindi Region.

FOR the first time in the country’s history, the Tanzania Investment Centre (TIC) has officially received an application for the registration of a mega fertilizer plant project worth 1.9bn US Dollars (over 4 trillion/-).

Jay Bhattacherjee update Kiliwani North video interview

Jay Bhattacherjee, chief executive of Aminex plc (LON:AEX) tells Proactive gas production is being restricted at the Kiliwani North well in Tanzania.
The rate is being temporarily reduced to less than 1mln cubic feet per day because the KN-1 well is now thought to be draining only a single compartment within the greater Kiliwani North structure.