Aminex PLC News and Opinion
However, anticipation has been clearly building over recent weeks as the share has at time of writing almost doubled in value to a level that in my view is still massively undervalued at this stage!
Latest Images from a friend in country
Aminex plans to feed the The Madimba Gas plant.
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.
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”).
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.
