Proactiveinvestors recommends
Additional Information
Market: LSE
Sector: Energy
EPIC: AEX
Latest Price: 2.65p  (6.00% Ascending)
52-week High: 5.99p
52-week Low: 2.18p
Market Cap: 21.69M
1 year chart More charts
digital-look imported chart image
Deal AEX Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
digital-look imported chart image
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Aminex
www.aminex-plc.com
Deal Aminex Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

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...

Read more
Full Aminex profile here
Pdf

Aminex: Rough seas suspend shallow water survey at Nyuni

June 29 2012, 7:37am The programme involves ocean floor cabling and the programme has in recent weeks experienced downtime due to rough seas

Aminex (LON:AEX) this morning told investors that its ongoing seismic survey of the ‘transition zone’ in the Nyuni PSA, in Tanzania, has been interrupted.

The programme involves ocean floor cabling and the programme has in recent weeks experienced downtime due to rough seas, related to seasonal weather. And a decision has been made to suspend the programme until October.

The decision will reduce downtime costs and ensure the quality of the data being gathered. Just over 42 per cent of the survey has so far been completed.

In the meantime Aminex said it is discussing carrying out a conventional seismic programme in the deep-water portion of the Nyuni licence area.

Aminex says the programmes on the transition zone and deep-water area will satisfy and exceed the 800 kilometres of seismic that is required in the production sharing agreement’s initial work period.

The news follows yesterday’s breakthrough result at Aminex’s onshore Ruvuma venture where the Ntorya gas discovery has demonstrated potentially commercial flow rates – peaking at 20.1 million cubic feet per day, as well as producing condensates.

 

No investment advice

The Company is a publisher. 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.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.