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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | 1.05 | 1.20 | 1.125 | 1.125 | 1.125 | 2,246,361 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 64k | -4.06M | -0.0010 | -11.20 | 47.17M |
TIDMAEX
RNS Number : 5082T
Aminex PLC
21 March 2019
21 March 2019
Aminex plc
("Aminex" or "the Company")
Ruvuma Farm-Out Update
Aminex announces that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019. The Company and ARA Petroleum Tanzania Limited ("APT") have made good progress on closing out the conditions precedent, including all joint venture partner approvals, and are actively engaged with the Government of Tanzania to close out the remaining conditions.
The principal conditions still to be met are the extension of the Mtwara Licence and approval by the Tanzanian Government of the transfer of the interest and operatorship. The Company and APT continue to work closely with the Tanzanian authorities to close out these conditions as soon as possible.
Jay Bhattacherjee, Chief Executive of Aminex PLC, said:
"Aminex and APT have had positive meetings with the Tanzania Government regarding the Ruvuma farm-out and look forward to the continued support of the Tanzanian authorities in closing out these remaining conditions and, in so doing, facilitating the progression of the Ntorya Development and specifically the drilling of the Chikumbi-1 well."
Ends
For further information: Aminex PLC +44 20 3198 8415 Jay Bhattacherjee, Chief Executive Officer Max Williams, Chief Financial Officer Davy +353 1 679 6363 Brian Garrahy GMP FirstEnergy Hugh Sanderson +44 20 7448 0200 Shore Capital +44 20 7408 4090 Jerry Keen Camarco +44 20 3781 8331 Billy Clegg / James Crothers / Daniel Sherwen
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
March 21, 2019 03:00 ET (07:00 GMT)
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