Aminex Images from a Friend in Country Madimba Gas Plant

 Latest Images from a friend in country

Aminex plans to feed the The Madimba Gas plant.

Aminex to feed Madimba Gas Plant

Aminex Ruvuma Development

(As known contained within the Farm-out circular dated 7th December 2018)

Forming part of the binding agreement between APT and the company

5.7 Development Cost Estimates

The initial production scheme, Case A, is designed to produce from three wells with flowlines tied to a central manifold. Onward transmission to the Madimba plant is via a 18” line. This is expected to be supplemented by a further eight wells, Case B, to absorb the remaining plant ullage. Flow assurance has been assessed with no significant issues foreseen.

Aminex PLC RNS Announcement - Farm-out completion

Aminex Farm out Completion

23 October 2020

AMINEX PLC (“Aminex” or “the Company”)

Completion of Ruvuma Farm-Out Aminex is pleased to announce the Completion of the Ruvuma Farm-Out. The Company, through its wholly owned subsidiary, Ndovu Resources Limited, has transferred a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited (“APT”).

An Aminex Message From Drewky

A Message from Drewky

A reassurance for those on the bulletin boards in the last few days who are either ignorant or willingly ignoring the fact that the companies have a binding agreement.

With the Tanzanian agreement to the farm-out already notified the confirmation that is awaited for at this time can simply be the transference of operatorship to APT as per terms of that binding agreement.

As is well known by genuine investors the circular mentioned in the following RNS was duly circulated and voted through positively by the shareholders. Anyone voting on this matter should have no excuses for not knowing it's full contents.

The delays we have had in obtaining this clearance for almost two years have clearly been in country as everyone knows. We are now set to reap the rewards

11 July 2018

AMINEX PLC

(“Aminex” or “the Company”)

Transformational Ruvuma Farm-Out

Aminex is pleased to announce that its wholly-owned subsidiary, Ndovu Resources Limited, has signed a binding farm-out agreement (“Farm-Out”) with The Zubair Corporation LLC (“Zubair”). Zubair plans to assign its interest in the Farm-Out to ARA Petroleum Tanzania Ltd (a company under formation) (“APT”), which will be an affiliate of Eclipse Investments LLC (“Eclipse”), the Company’s largest shareholder.

Aminex - Farm Out In The News

 In The News

 

Daily Mail Stock Watch

Proactive

UK Investors

Aminex PLC - Drewky's List

Congratulations to each and everyone of you, it's been a long time coming but hopefully you will all feel a little better tonight.  It was never in doubt for me although I admit my bottom was begining to twitch over the last few days.

Anyway Good luck to you all. Raise a glass and one day soon we may just well have that party! Here is the updated list and if it helps people to understand where we are then please share.

#Aminex Ruvuma Farm-Out; Government Approval Received

 

Ruvuma Farm-Out – Government Approval Received

Mon, 12th Oct 2020 13:42

RNS Number : 8183B

Aminex PLC

12 October 2020

 

12 October 2020

 

Aminex plc

("Aminex" or "the Company")

 

Ruvuma Farm-Out - Government Approval Received

Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. 

Robert Ambrose, Chief Executive of Aminex commented:

"We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT."

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Drewky Thoughts:  Never in doubt! This will prove to be the biggest RNS in Aminex History