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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.055 | 4.49% | 1.28 | 1.25 | 1.35 | 1.30 | 1.225 | 1.225 | 9,189,835 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 64k | -4.06M | -0.0010 | -13.00 | 54.75M |
From May 2019 to May 2024
TIDMAEX
RNS Number : 7538F
Aminex PLC
25 February 2015
Aminex plc
("Aminex" or "the Company")
Kiliwani North Development Licence Sale
Formal approval now received from the Tanzanian Authorities
Aminex is pleased to notify shareholders that it has received formal approval from the Tanzanian Authorities to sell up to 13% of its interest in Kiliwani North Development Licence ("KNDL") to Solo Oil plc ("Solo"). There now remains no further conditions precedent to the sale of 6.5% KNDL to Solo for $3.5 million. Following this, Solo retains the right to purchase an additional 6.5% on the same terms up to 30 days after the signing of the Gas Sales Agreement.
The Board continues to appreciate shareholder patience as it works towards the signing of the GSA and will inform shareholders when it receives any further updates.
Aminex CEO, Jay Bhattacherjee, commented: "The completion of the transaction will allow us to pay down our debt and have a strengthened balance sheet which puts us in a positive position as we move towards first production. As recently announced, the Dar es Salaam to Mnazi Bay pipeline is near completion and the final stages of construction to in the pipeline are now occurring on the Kiliwani North-1 well. This is an exciting time for Aminex's development and we look forward to updating shareholders with our progress."
For further information: Aminex PLC +44 20 7291 3100 Jay Bhattacherjee, Chief Executive Officer Max Williams, Chief Financial Officer Corporate Brokers Shore Capital Stockbrokers-Jerry Keen +44 20 7408 4090 Davy Corporate Finance-Brian Garrahy +35 3 1679 7788 GMP Securities Europe LLP-Rob Collins +44 20 7647 2816 Yellow Jersey PR (Financial PR) +44 7768 537 739 Dominic Barretto Kelsey Traynor
This information is provided by RNS
The company news service from the London Stock Exchange
END
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