Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Aminex agrees 'transformational' farm-out deal for Ntorya in Tanzania

Jay Bhattacherjee, chief executive of Aminex plc (LON:AEX), discusses with Proactive Investors what's been described as a transformational  farm-out agreement with Omani industrial conglomerate The Zubair Corporation.

In exchange for 50% of Aminex's working interest in the Ruvuma production sharing agreement, Zubair will conduct a minimum work programme including the drilling, completion, and testing of the Chikumbi-1 well; acquiring, processing and interpreting 3D seismic data over a minimum of 200 square kilometres within the Ntorya project area and establish an early production system to achieve accelerated first gas development at Ntorya to a minimum gross rate of 40mln cubic feet of gas per day (MMcf/d), around 6,700 barrels equivalent.

Meet Anglo Asian Mining PLC, Jersey Oil and Gas PLC, Europa Oil & Gas (Holdings) Plc, ANGLE plc and Eurasia Mining plc at our event, Dublin , 22 November 2018. Register here »
View full AEX profile View Profile

Aminex plc Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use