Aminex is a producing, Africa-focused oil and gas company,
listed on the London Stock Exchange and primary-listed on the Irish Stock
Exchange (LSE/ISE: AEX). Aminex has a world class asset base with proven reserves and a route
to monetisation for all its asset
The company is an oil and gas
exploration and production company with two operated discoveries in Tanzania.
It holds a strong Tanzanian acreage position which is estimated to
have a total of 11.5 TCF in mean gross resources and is close to several of the
largest discoveries made in this exciting emerging exploration and production
province.
The Tanzanian net interests range from 54.575-90%
• Company has cash position of approximately $9MM (cash and cash receivables) at year end 2017
• Company is fully debt free
• Significant resource base to develop
• 763 Bcf (2C); 1.9 Tcf gross Pmean GIIP (Ntorya only)
• Supportive shareholders to focus on growth
• Actively seeking further growth opportunities including M & A involving companies and assets that are production and development led outside of Tanzania
• Company has cash position of approximately $9MM (cash and cash receivables) at year end 2017
• Company is fully debt free
• Significant resource base to develop
• 763 Bcf (2C); 1.9 Tcf gross Pmean GIIP (Ntorya only)
• Supportive shareholders to focus on growth
• Actively seeking further growth opportunities including M & A involving companies and assets that are production and development led outside of Tanzania
CPR
Commercialisation Study
Jay Bhattacherjee, chief executive at Aminex plc
(LON:AEX), discusses with Proactive the findings from the latest CPR on their
asset base in Tanzania.
Among the highlights is a 44% increase in management
estimates for gas initially in place across Ntorya from 1.3 TCF to 1.87 TCF.
The new figure also represents a 12-fold increase over
the 2015 CPR.
''It's obviously a big piece of news for us ... we're
pretty delighted about the results but more so the work we've put into getting
the results''.
''We've been working quite hard at the basin
model and based on the drilling of Ntorya-2 and some of the interpretation of
the data we've re-created the basin model and it's always nice to have your
work verified ... and reinforces that this asset is of national importance''Commercialisation Study
Io Oil & Gas – Baker Hughes a GE Company – GE Oil & Gas - McDermott.
Debt Free 20th June 2017
Resource Upgrade 24th April 2017
May 2017 AGM Presentation PDF
Operations
Ruvuma
Licence
|
Surface
|
Licence Ownership
|
|
Ruvuma
|
3,447 km2
850,000 acres |
Ndovu (Aminex) Operator
|
75%
|
Ntorya-1 Discovery: Drilled in 2012 and tested 20 MMCFD with 139 Barrels of associated condensate
Ntorya-2 Appraisal Well: Planned to be drilled in 2016 to appraise 70 BCF (2C resources) Ntorya-1 discovery
Ntorya-3 Well: Planned to be drilled in the main Cretaceous
channel fairway
Ntorya-3 to test 1.5 TCF Pmean GIIP Resources from
Cretaceous and Tertiary reservoirs
Likonde-1: Drilled in early 2010, oil shows throughout a
thick reservoir section. Ongoing seismic programme to help identify trap
Acquired in 2014 a high density 2D seismic programme over
Ntorya Up-dip, Likonde and Namisange to high-grade leads to drill ready
prospects
Ntorya Pmean in-place resources: 1.1 TCF based on 2014
seismic results
All future discoveries can be brought onstream through the
main pipeline and associated facilities, which became operational in 2015
Kiliwani North
54.575% WI (Operator)
First production from KN-1 commenced in April 2016
KN-1 gas is processed at the new Songo Songo Island Gas
Processing Plant and transported through the 24-inch spur line into the main
532km 36-inch pipeline which provides gas to Dar es Salaam
KN-1 produces a dry clean gas, under high natural pressure
(1,600 psi) from a very good quality Neocomian reservoir sandstone
Expected production date - Producing since April 2016
Expected production rate - 25 - 30 MMCF/D
Contingent Resources (2C) - 28 BCF (gross)
Nyuni
Licence
|
Surface
|
Licence Ownership
|
|
Nyuni Area
|
1,689 km2
415,000 acres |
Ndovu (Aminex)
|
90% (Operator)
|
Focus on deepwater prospectivity
1.2 TCF (net to Nyuni PSA) Pande West Lead in eastern deep water portion of Nyuni PSA; downdip part of trap clearly seen on seismic on adjacent licence
Nyuni Pmean in-place resources: 5.7 TCF
Egypt
1-percent royalty interest from South Malak
Moldova
Contractor's agreement in Valeni Field and Viktorovka Field
Investor Information
Registrars
Computershare Investor Services (Ireland) Limited
Heron House, Corrig Road
Sandyford Industrial Estate
Dublin 18
Telephone number for Irish shareholders: 01 247 5697
Telephone number for UK shareholders: 00 353 1247 5697
Telephone number for other shareholders: 00 353 1216 3100
Fax Number: 00353 1 216 3150
Email: web.queries@computershare.ie
Telephone Share dealing
Computershare provides a telephone share dealing service for
Irish and UK registered shareholders.
For more information, please call:
Telephone number for Irish shareholders: 01 447 5435
Telephone number for UK shareholders: 0370 702 0107
Company Website Aminex PLC
All textual information sourced from the official Aminex website as on 15th July 2017
Videos courtesy of Proactive Investors StockTube