Aminex_PLC Investor Information



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

CPR

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



Operations
Ruvuma

Licence
Surface
Licence Ownership

Ruvuma
3,447 km2
850,000 acres
Ndovu (Aminex) Operator
75%
The Ruvuma PSA is located in a world class petroleum province with more than 100 TCF in discoveries

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)
Highly prospective licence with adjacent discoveries

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