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Additional Information
Market: LSE
Sector: Energy
EPIC: AEX
Latest Price: 3.78p  (-0.53% Descending)
52-week High: 8.75p
52-week Low: 2.61p
Market Cap: 30.95M
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Aminex
www.aminex-plc.com

Aminex is an oil and gas exploration, development and production company with a 19 year track-record of fulfilling projects in many areas of the world. Its shares are traded on the Full List of the London Stock Exchange.

The company’s principal focus areas are the East African coastal margin of Tanzania and the US onshore Gulf Coast of Texas and Louisiana.

Full Aminex profile here
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Aminex completes US$3.1 mln investment by Asian investors

6th Jan 2012, 8:01 am by Andre Lamberti The subscription by Asian investors was announced just before Christmas

Aminex (LON:AEX) has completed the subscription by Asian investors, announced just before Christmas, raising US$3.1 million through a placing at a 45 percent premium.

The group had agreed a placing of around 38.9 million shares at par value of €0.06 with Empire Asia Group Co Ltd and Dr Chanchai Ruayrungruang of the Reignwood Group.

Empire Asia and Ruayrungruang have subscribed for half the shares each.

When the financing was announced, Aminex also said it was in preliminary talks with Empire Asia and the Reignwood Group about a possible broader strategic alliance to finance the acquisition and development of oil and gas projects on the African continent.

Also in late December, Aminex spudded the Ntorya-1 well in the Ruvuma Basin onshore in Tanzania.

The well is located 14 kilometres south of the Likonde-1 well, drilled in 2010, which proved the presence of an active petroleum system, it said.

Ntorya-1 will target the same high quality Basal Tertiary and Upper Cretaceous sands encountered at Likonde-1.
Aminex estimates that the Ntorya prospect has a probability of success of around 20 percent, with mean recoverable resource potential of 100 million barrels of oil equivalent.

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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