Disposal

Aminex PLC
18 October 2000


DISPOSAL OF TUNISIAN INTERESTS

Aminex  PLC, the oil and gas company listed on the London  and
Dublin  Stock Exchanges today announces that it has  sold  its
wholly owned subsidiary company Aminex (Tunisia) Limited to PA
Resources AB, a Swedish company listed on the Stockholm  Stock
Exchange.  Aminex (Tunisia) Limited holds a 23.9% interest  in
the  El  Biban oilfield, offshore Tunisia. The sale  date  has
been  agreed as at 30th June 2000 at which date the net assets
of Aminex (Tunisia) Limited amounted to US$5.5 million.

The  El  Biban  field  currently produces  approximately  1300
barrels of oil per day (310 barrels per day net to Aminex) and
has  estimated reserves, net to Aminex, at 30th June  2000  of
650,000  barrels of oil and 5 billion cubic feet of  gas.  For
the  twelve  month  period ended 31st  December  1999,  Aminex
(Tunisia) Limited made a profit of US$1,400,000 which included
a writeback of an asset impairment provision of US$600,000.

The  total  consideration for the sale  will  be  US$5,750,000
payable  in  cash.  Immediately  following  receipt   of   the
proceeds,  Aminex PLC will invest US$750,000 in new shares  of
PA  Resources AB but has an option to sell back the shares  at
cost  during  the  first three months of 2001.  The  net  sale
proceeds  will  be  applied  to new  oil  and  gas  investment
opportunities and the enhancement of existing assets.

The  Aminex Group acts as operator on most of its licences  in
Russia  and the USA where activity has accelerated during  the
past   twelve   months  with  the  commencement  of   drilling
operations on the Kirtayel Field in the Komi Republic  and  on
the  Vinton Dome field in Louisiana. In a period of higher oil
prices,  Aminex  PLC  has decided to  take  advantage  of  the
current  market  and  dispose of  its  sole  significant  non-
operated  asset, the El Biban field and to focus its attention
on its core assets.

For further information:

Aminex PLC
Brian             Hall,            Chief             Executive
020 7240 1600

Aminex PLC
Simon          Butterfield,          Finance          Director
020 7240 1600

www.aminex-plc.com