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A glance at some of the day's highlights from the Proactive Investors newswire
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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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A glance at some of the day's highlights from the Proactive Investors newswire
The oil explorer announced on 12 July 2018 that the company’s founder Brian Hall will step down as its chairman with effect from that same date and said it had commenced a selection process to appoint a new chairman
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The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
The UK benchmark of leading shares closed down over 24 points at 7,642.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the top stories in the oil and gas sector
“As we reach the point of monetising the first round of core assets, I think it is appropriate that a refreshed team be appointed to take Solo forward into the next phase of its corporate development”
The Africa-focused oil and gas producer said that in exchange for 50% of its working interest in the Ruvuma PSA, Zubair would conduct a minimum work programme
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A glance at some of the day's highlights from the Proactive Investors newswire
Production presently comes from the single-well Kiliwani North field, but, the much larger Ntorya field is on the cusp of development.
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A glance at some of the day's highlights from the Proactive Investors newswire
Aminex - in which Solo holds a 7.55% interest - continues to produce from the Kiliwani North-1 well infrequently and at restricted rates, due to inlet pressure limitations and the presence of fluid build-up within the wellbore
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A glance at some of the day's highlights from the Proactive Investors newswire
Whilst partner Aminex continues to work on a possible farm-out, plans are also advancing for the next phase of appraisal and exploration work on the Ruvuma project area
Whilst discussions with Oman's Zubair Corporation continue, the company continues to progress preparations for its planned programme of work at the Ntorya project
A look at some of the top risers and fallers in London today
The UK blue chip share index finished around 11 points higher at 7,194
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It was another busy week for the oil and gas sector.
The agreement includes up to US$35mln in costs regarding the development of Aminex’s remaining 25% interest in the Ruvuma PSA, which would include the Ntorya project