Aminex provides Ruvuma farm-out update

Thursday, March 21, 2013
  • Discussions are ongoing with a number of parties and a further announcement will be made when appropriate.

Aminex PLC, a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, provides an update on its proposed farm-out of an interest in the onshore Ruvuma Basin, Tanzania, where it made a discovery of natural gas and condensate in 2012.

Discussions are ongoing with a number of parties and a further announcement will be made when appropriate.

Aminex (operator) has a 75% interest in the Ruvuma Production Sharing Contract and the remaining 25% is held by Solo Oil PLC.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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