Solo Oil to focus cash on Ruvuma potential
Solo Oil intends to focus its investment on Ntorya where appraisal will start shortly.
Company
Aminex PLC
LON:AEX
Aminex PLC is an Africa-focused oil and gas company with near term production, development and high impact exploration. Fully funded to production, and with a new and experienced management team, Aminex has a world class asset base with proven large resource potential and a route to monetisation.
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Proactive news highlights: Challenger Acquisitions, Harvest Minerals, ITM Power, Metal Tiger and more...
Photo-Me is buying the photo division of supermarket giant Asda, ITM Power has signed a fuel supply contract with Commercial Group and Metal Tiger
Aminex and Solo Oil in the spotlight after first gas payments in Tanzania
Here are the Proactive Investors small cap and AIM news highlights for Thursday August 18.
Shares in Solo Oil jump after it receives first payment for Kiliwani gas
The oil and gas firm says it is “delighted” after having received its first payment for the gas supplied to the Tanzania Petroleum Development Corporation
Investments and investor services
Risers & Fallers: Arcontech, Forbidden Tech, Harvest Minerals and Physiomics.
Aminex received a lift as it hit its first major milestone for the Kiliwani North gas project
Archive
Proactive weekly oil and gas news - Magnolia Petroleum PLC, Tethys Petroleum plc and more
A look at some of last week's developments in the small cap oil and gas sector
US markets close flat after London rate cut rally fizzles out
After mid-session high, market calms down by end of session
US stock market continues rally after BOE rate cut
Market sees positive activity following unexpected rate cut.
Proactive news highlights: Aminex, Aggregated Micro Power, Magnolia, Metminco and more...
Aggregated Micro Power raises £5mln to fund acquisitions, Metminco firms up terms of the farm-out and Aminex raises a further £1.3mln.
Aminex tops up funds with placing of open offer rump
Aminex will use the money to fund the Ntorya-2 appraisal and Ntorya-3 exploration wells in Tanzania.
Aminex gets extension to key licence in Tanzania ratified
A part of the Ruvuma production sharing agreement (Ruvuma PSA), the two partners' licence at Mtwara now runs until December 2017.
Proactive oil highlights: Aminex, Egdon Resources, Mosman, Royal Dutch and Solo Oil
A round up of all the oil related headlines from the world of Proactive.
Aminex welcomes Oman's Zubair Corporation as a cornerstone investor
Zubair believes that Aminex, with its support, could be rapidly built into a much larger oil and gas entity, in Tanzania and elsewhere
Risers & Fallers: Aminex, Asa Resource, Advanced Onco, Barratt Devs, IndigoVision, NTOG
It has been a good day for the house builders ahead of a trading update next week from Barratt Developments
Investments and investor services
RISERS & FALLERS: Software Radio; Fusionex; Corero Network Security; Starvest; Braveheart; and Johnston Press
Main share price risers and fallers in London at 3.30pm
Aminex and Solo Oil boosted by Kiliwani North ramp up
The rate of 30mln cubic feet per day, which equates to 5,000 boepd, was achieved over the week and it following a ramp up since gas flows began in April.
Archive
Proactive oil highlights: Aminex, Gulfsands, Highlands Natural Resources, Lekoil, Obtala, Petrel and more...
The round up of this week's news from the world of oil.
Archive
Proactive small cap wrap - Roller coaster week for London juniors
After a major sell-off on Monday amid the chaos and recrimination of last week’s referendum result, the momentum has been upward ever since.
Solo Oil and Aminex confirm extension in Tanzania
The drilling of the planned Ntorya-2 well will satisfy the partners’ drilling commitments under the licence terms