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AEX Aminex Plc

1.15
-0.05 (-4.17%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aminex Plc LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -4.17% 1.15 1.10 1.20 1.20 1.15 1.20 6,835,671 10:02:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 64k -4.06M -0.0010 -11.50 48.43M

Aminex PLC Ntorya-2 Update (9530X)

27/02/2017 2:00pm

UK Regulatory


Aminex (LSE:AEX)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMAEX

RNS Number : 9530X

Aminex PLC

27 February 2017

27 February 2017

Aminex plc

("Aminex" or "the Company")

NTORYA-2 Update

Further to the announcement of 6 February 2017, the Company confirms that production testing on the recently drilled Ntorya 2 appraisal well commenced on Saturday 25 February 2017 and gas is flowing to surface. The well will be tested across a variety of flow rates and choke sizes to determine the optimal deliverability of the well for production purposes. The Company now expects to have results of the production testing and petrophysical analysis by mid-March.

Ends

For further information, please contact:

Aminex PLC

Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415

Max Williams, Chief Financial Officer

Investec Bank plc

Chris Sim +44 (0) 207 597 4000

Shore Capital

Jerry Keen +44 (0) 20 7408 4090

Davy

Brian Garrahy +353 (0) 1 679 6363

Camarco

Billy Clegg / Gordon Poole / Tom Huddart +44 (0) 20 3757 4980

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:

Kiliwani North Development Licence (54.575%) Operator

The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production at 15 mmcfd. 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.

Ruvuma Production Sharing Agreement (75%) Operator

The Ruvuma acreage includes Aminex's Ntorya-1 onshore Cretaceous gas discovery which has been independently ascribed 70 BCF gross contingent (2C) resource in the Ruvuma Basin. The well tested at 20 mmcfd with 139 bbls of associated condensate.

Nyuni Area Production Sharing Agreement (90%) 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

END

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(END) Dow Jones Newswires

February 27, 2017 09:00 ET (14:00 GMT)

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