Aminex completes Tanzania farm-out to ARA Petroleum
The new partner and operator is expected to shortly detail plans and schedules for programmes such as the Chikumbi-1 well
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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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Aminex shares soar as Ruvuma farm-out gets government greenlight
"We are delighted to finally receive government approval of the farm-out," said chief executive Robert Ambrose.
Aminex extends deadline for Tanzania farm-out for final time
"Aminex remains hopeful and looks to the Tanzanian authorities for a prompt resolution as the window of opportunity to complete the farm-out is clearly closing," said Robert Ambrose.
Aminex extends farm-out deadline to end of September
“The company is doing everything it can to obtain final government approval of the farm-out."
Aminex appoints Charles Santos as new chairman
"We have taken the opportunity to rebalance the board of directors with the appointment of two independent directors," said interim chief executive Robert Ambrose.
Aminex extends long-stop for Ruvuma farm-out transaction by two weeks
The farm-out is expected to complete soon and resulting funds should cover the company financially until May 2021
Aminex and ARA extend farm-out deadline until July 14
The junior said partner ARA Petroleum and itself continue to work closely with the Tanzania authorities to obtain government approval
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Aminex set to complete pivotal farm-out as tax cert is issued
Chief executive Robert Ambrose described the move as a "major milestone"
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Malcy's Blog - Oil price, Aminex, DGO
WTI $29.43 +$1.87, Brent $32.50 +$1.37, Diff -$3.07 -50c, NG $1.65 -3c Oil price With a good run into the weekend the oil price is continuing its rally, as I write both crudes are up over another 2 dollars after WTI was up a short 20% last
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Malcy's Blog - Oil price, Aminex, DGO
WTI $29.43 +$1.87, Brent $32.50 +$1.37, Diff -$3.07 -50c, NG $1.65 -3c Oil price With a good run into the weekend the oil price is continuing its rally, as I write both crudes are up over another 2 dollars after WTI was up a short 20% last
Archive
Malcy's Blog - Oil price, Aminex, DGO
WTI $29.43 +$1.87, Brent $32.50 +$1.37, Diff -$3.07 -50c, NG $1.65 -3c Oil price With a good run into the weekend the oil price is continuing its rally, as I write both crudes are up over another 2 dollars after WTI was up a short 20% last
Aminex agrees loan to pay Tanzania capital gains tax and expedite farm-out
The move was described as an important step that will bring 'first gas' from the project ever-closer
Aminex confirms director pay has been reduced by 90%
Senior employees have also agreed to accept temporary salary reductions of between 20% and 40% in return for share options
Aminex’s Bell positive on Tanzania gas future as Ruvuma farm-out moves forward
“This farm-out, long in the making, continues to excite the board for what it can deliver to the company,” chair John Bell said
Aminex and Solo Oil’s Ntorya project set to advance as Tanzania extends licence
The one-year extension is expected to allow Aminex's farm-out to ARA Petroleum to advance, enabling new drilling and a future field development
Aminex teeing up operations in anticipation of Tanzania ‘greenlight’
“We have had positive indications in-country that the government is approaching a place where it can update the international oil companies.”
Aminex and Solo clarify budget plans for Ntorya development
'Both parties are keen to expedite progress on the licence and will consider committing to accelerating certain preparatory works.'
Aminex set to fast-track Ruvuma drilling as Tanzania backdrop improves
Aminex is fully carried for the cost of the work through its farm-out with Omani group Zubair’s ARA subsidiary