Aminex clears last major hurdle for Ruvuma farm-out approval
19th May 2020 12:40
(Sharecast News) - Aminex updated the market on progress towards completion of the Ruvuma farm-out, on Tuesday, reporting that following payment by its subsidiary of the capital gains tax bill, and payment by ARA Petroleum Tanzania of the stamp duty bill, the Tanzania Revenue Authority has issued a tax clearance certificate to the company.
Read moreAminex still waiting on farm-out approval at Ruvuma, progresses Kiliwani
16th Aug 2019 11:17
(Sharecast News) - Tanzania-focussed gas exploration and production company Aminex updated the market on the Ruvuma farm-out process on Friday, reporting that it was awaiting government approval for the farm-out to ARA Petroleum Tanzania post the long-stop date extension to 31 October.
Read moreSolo Oil kicks off remediation work at Tanzanian interest
29th Aug 2018 08:12
(Sharecast News) - London-listed forms Solo Oil and Aminex updated investors on their Tanzanian operations on Wednesday morning.
Read moreAminex founder Hall to leave chair at end of month
16th Aug 2018 10:27
(Sharecast News) - Aminex confirmed on Thursday that Brian Hall would step down as chairman with effect from 31 August.
Read moreAminex receives first payment from Kiliwani North-1
18th Aug 2016 15:59
(ShareCast News) - Aminex received first payment for the gas produced from its Kiliwani North-1 well in Tanzania. As per the agreement with its client, the Tanzania Petroleum Development Corporation, it was paid in US dollar and in accordance with the Company's Gas Sales Agreement with TPDC. "The C
Read moreAminex says Kiliwani North-1 output hits 30 mmcf/day
4th Jul 2016 12:15
(ShareCast News) - Aminex said that, over the weekend, gas production from the Kiliwani North-1 well in Tanzania reached 30 mmcf per day with stable pressure recordings at that rate. At 12:10 BST, shares in the oil production, development and exploration company were up 12.5% to 1.12p. Aminex added
Read moreAminex updates on Kiliwani North commissioning
6th Jun 2016 12:13
(ShareCast News) - Aminex says commissioning of the gas plant and sub-sea pipeline at its Kiliwani North Development Licence in Tanzania began on 1 June, and that commissioning of the power regeneration system and other auxiliary facilities is complete. The company added that on 2 June gas was proce
Read moreAminex sells stake in Tanzanian licence to Solo Oil
11th Feb 2016 15:57
(ShareCast News) - Oil and gas explorer Aminex is selling a 3.8% interest in the Kiliwani North Development licence in Tanzania to Solo Oil for $2.16m (£1.49m), the company announced on Thursday. Solo's stake in the licence will increase to 10% following the completion of the deal. Aminex will remai
Read moreSolo Oil and Aminex said Kiliwani gas well will produce more than expected
26th Aug 2015 08:44
(ShareCast News) - Oil explorers Solo Oil and Aminex said the Kiliwani North-1 gas well in Tanzania will produce more gas than initially expected. The two groups said the well, which was tested with a flow rate of 40m standard cubic feet per day, was expected to deliver an initial production rate of
Read moreAminex expects first gas from Tanzania project in mid-2015
4th Jun 2015 09:16
Gas explorer and developer Aminex said it expected "first gas" from the Kiliwani North field in Tanzania in the middle of this year. The company said it had completed a gas sales agreement for Kiliwani North, although it was yet to finalise payment protection clauses and guarantees. Aminex said it
Read moreSolo Oil and Aminex receive approval for Kiliwani North sale
17th Dec 2014 09:18
Oil explorers and producers Aminex and Solo Oil saw share prices rise after the Tanzanian government accepted a proposed deal for Solo to purchase up to a 13% interest in Aminex's Tanzanian Kiliwani North development licence for $7m. Solo plans to purchase a total 13% stake in the licence from Amine
Read moreSolo Oil acquires 6.7% stake in Kilwani north from Aminex
14th Oct 2014 14:22
Subject to reaching a final agreement, Africa-focused oil explorer Solo Oil has announced that it will purchase 6.7% of the Kilwani north license (KNDL) in Tanzania, from a subsidiary of London-listed Aminex, for a total consideration of $3.5m in cash. From 13 October the firm has a 45-day window du
Read moreSector movers: Oil stocks down with Brent at 16-month low
9th Sep 2014 14:14
Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session. Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4% Whilst slightly off the low of $99.36 seen on Mo
Read moreAminex sells US arm to Northcote Energy for $5m
17th Jun 2014 16:45
Africa-focused oil and gas explorer and producer Aminex is selling its US arm to AIM-listed Northcote Energy and privately owned Springer Oil and Gas for $5m. Aminex, which has two operated discoveries in Tanzania, is selling a US portfolio which mainly includes the Shoats Creek field in Louisiana
Read moreAminex CEO buys 2m shares following sale of US arm
12th May 2014 15:54
The Chief Executive Officer (CEO) of oil and gas developer Aminex has purchased shares following the long-awaited sale of its US arm on Friday. Jay Bhattacherjee earned 0.77p a share on the £18.80m sale, increasing his total company holding to 38.22m. Meanwhile, Philip Thompson, an Executive Dir
Read more