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Aminex CEO says farm-out nearing finish line and is 'tremendously positive' about future

Aminex PLC (LON:AEX) CEO Robert Ambrose tells Proactive London's Andrew Scott they're going 'full speed ahead' getting the Ruvuma farm-out with incoming partner ARA Petroleum closed.

''It'll be hugely significant and particularly in today's environment ... we'll be fully carried for $140mln worth of expenditure which should certainly get us to first gas and really meaningful cashflows''.

Quick facts: Aminex PLC

Price: 0.6 GBX

LSE:AEX
Market: LSE
Market Cap: £22.62 m
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Scirocco plan to 'push forward Ruvuma project in Tanzania'

Scirocco Energy PLC's (LON:SCIR) Doug Rycroft joins Proactive London to discuss their plan to push the Ruvuma project in Tanzania forward by advancing their sales process for its 25% stake. This comes after partner Aminex PLC (LON:AEX) completed its farm-out transaction which has brought in...

1 week, 5 days ago

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