AMINEX ANNUAL REPORT AND NOTICE OF AGM

Apologies for my lack of information recently.  The issues effecting my spare time have now been resolved so I hope and expect to get back to keeping everyone up to date with information and articles that effect Aminex. Today I will start with the RNS this morning. Please subscribe or follow

ANNUAL REPORT AND NOTICE OF AGM 


Aminex PLC (“Aminex” or the “Company”) today announces the publication of its Annual Report and Accounts for the year ended 31 December 2017. 

Aminex also advises that its Annual General Meeting will be held at 2 pm on 11 July 2018 at the Grange Wellington Hotel, 71 Vincent Square, Westminster, London SW1P 2PA. 

The Annual Report may be viewed on the Company’s website www.aminex-plc.com by clicking on the following link: 

Aminex PLC Annual Report 2017

Paper copies of the Annual Report together with the Notice of Annual General Meeting, including the Form of Proxy, are being mailed shortly to those shareholders who have elected to receive paper copies.

In accordance with Irish Listing Rule 6.6.1 and UKLA Listing Rule 9.6.1, copies of the Notice of the Annual General Meeting and the Form of Proxy will be submitted to the Irish Stock Exchange and the UK’s National Storage Mechanism. 

The documents will shortly be available at:

www.morningstar.co.uk/uk/NSM

and at:  Company Announcements Office   Irish Stock Exchange   28 Anglesea Street   Dublin 2   Ireland

For further information:  
 Aminex PLC +44 20 3198 8415 Jay Bhattacherjee, Chief Executive Officer  Max Williams, Finance Director  Corporate Brokers  Shore Capital Stockbrokers - Jerry Keen +44 20 7408 4090 Davy Corporate Finance - Brian Garrahy +35 3 1679 7788 Investec Bank - Chris Sim +44 207 597 4000   Camarco PR (Financial PR)  Billy Clegg / Gordon Poole / James Crothers                                  +44 20 3757 4980

Study Subsurface Compressors for Gas Wells as Aminex search for the right equipment continues...

Conventional Onshore Wells

In a conventional gas well, the reservoir pressure must overcome the wellbore pressure in order for gas to be produced. As the well ages and the reservoir pressure depletes, it becomes more difficult for the gas to naturally rise.

Subsurface Compressor Systems™ (SCS) decrease bottom hole flowing pressure, drawing the reservoir gas into the intake of the compressor and then pushing it up the production tubing to increase the flowing well head pressure and density. This increases the production rate by up to 50%, which increases cash flow and net present value. This also increases the rate of recovery significantly, increasing the production life and providing a healthier balance sheet.

See Video 

TPDC Gas Plant keen on Safety - PETROTAN for Oil?

TANZANIA Petroleum Development Corporation (TPDC) gas processing plant has operated for almost 20,000 hours without an occupation accident.

The plant located at Madimba, Mtwara, started operation in mid third quarter of 2015, has installed processing capacity of 210 million standard cubic feet a day (mmscfd) and manned by almost 100 people.

Great News for Aminex & Solo Oil as Manufacturers Line up for Gas in Tanzania

Demand for natural gas as the main source of energy among manufacturers and other users in Tanzania continues to rise, according to Tanzania Petroleum Development Corporation (TPDC).

TPDC says it has received new applications for industrial use, with at least ten manufacturers expected to switch to natural gas before the end of this year.

Malcy on Aminex CPR Uprade from 1.34tcf to 1.87tcf

Aminex

A significant resource upgrade today from RPS which is way better than had been expected. This and other data from io, confirms the feasibility of developing the Ntorya gas field for commercial production. The Ntorya Pmean GIIP is increased to 1.87 TCF, an increase of 44% on managements latest estimates (1.3 TCF) and 12x the previous CPR. The 2C gross contingent resources number is up 11x from previous CPR at 762.8 BCF.

Solo Oil welcomes major upgrade to Ntorya gas resources

Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO), discusses with Proactive the findings from the recently completed CPR which reveals a major upgrade to the gas resources at the Ntorya project in Tanzania.

It follows the Ntorya-2 appraisal well success and an assessment of well testing.

Ntorya’s contingent gas resource has now risen to 762.8bn cubic feet of gas, comprising 80.6bn cubic feet of gas that’s described as pending development – to be addressed by the planned initial three well operation.

Two of the three wells have so far been drilled, and the third is due later this year. The gas would be connected to a gas plant located some 33 kilometres away.

Solo Oil holds a 25% interest in the project.

Solos view of the new CPR