Aminex PLC Annual General Meeting Presentation (5927F)

TIDMAEX

RNS Number : 5927F

Aminex PLC

19 May 2017

AMINEX PLC

("Aminex" or "the Company")

ANNUAL GENERAL MEETING PRESENTATION

Aminex PLC announces that it will be making a presentation to shareholders at its Annual General Meeting in Dublin today, Friday 19 May, at 2:00 p.m. A copy of this presentation will be available on the Company's website http://www.aminex-plc.com/presentations at or soon after 2:00 p.m.

For further information, please contact:

Aminex PLC

Jay Bhattacherjee, Chief Executive Officer [phone]

Max Williams, Chief Financial Officer

Investec Bank plc

Chris Sim [phone]

Shore Capital

Jerry Keen [phone]

Davy

Brian Garrahy [phone]

Camarco

Billy Clegg / Gordon Poole / Tom Huddart [phone]

Notes to editors

Aminex PLC is a producing company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. The Company's focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002:

Ruvuma Production Sharing Agreement (75%) Operator

The Ruvuma acreage includes Aminex's Ntorya-1 and Ntorya-2 onshore Cretaceous gas discoveries in the Ntorya appraisal area, a component of the Ruvuma PSA. The Company considers that the Ntorya appraisal area has Pmean GIIP of 466 Billion Cubic Feet ('BCF'), being a three-fold increase over the previous estimate of 153 BCF which was audited by LR Senergy in May 2015. The Ntorya-1 well tested at 20 MMscd with 139 bbls of associated condensate and the Ntorya-2 well tested at an average flow rate of 17MMscd on a 40/64" choke.

Kiliwani North Development Licence (57.4474%) Operator

The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production at 15 MMscd. Gas is sold at the well head in $US at a fixed price and fed directly into the Tanzania's pipeline infrastructure to Dar es Salaam.

Nyuni Area Production Sharing Agreement (93.3333%) Operator

The Nyuni Area acreage offers high impact exploration and has been ascribed 4.2 TCF prospective resource. Drilling success in the region based on 3D seismic has been over 90%.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2017 02:00 ET (06:00 GMT)