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Aminex PLC Ord EUR0.001(CDI) (AEX)

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24-May-2019 07:50 AM

Aminex chief executive steps down for health reasons

Oil company Aminex has announced that, due to health reasons, Jay Bhattacherjee will step down as chief executive and director of the company with immediate effect. The board of Aminex has appointed Tom Mackay as interim chief executive officer, with imm
16-Aug-2018 09:12 AM

Aminex appoints Keith Phair as interim chairman

Aminex said Thursday it had appointed Keith Phair, as Interim Chairman. Phair, who is currently the Senior Non-Executive Director of the Aminex, is expected to take up the role on 31 August 2018. The company also confirmed that it had commenced a se
27-Apr-2018 01:21 PM

Aminex losses narrow, though key well goes on the decline

Aminex said annual losses narrowed after it produced more natural gas from its assets in Tanzania. Output from a key well, however, started to slow in the second half. Net losses amounted to $2.3m, compared to $2.5m of losses in 2016. Production from t
08-Jan-2018 09:55 AM

Independent evaluation report on track, says Aminex

Aminex said an independent evaluation report covering all its Tanzanian resources was on track for completion early this year. It said the new report would supersede and update all previous reports on the company's concessions in Tanzania, based on
14-Dec-2017 07:42 AM

Aminex appoints company secretary

Aminex has announced that group general counsel Brian Cassidy has been appointed as company secretary with immediate effect. Max Williams will continue in his roles of director and chief financial officer. Story provided by
06-Nov-2017 09:49 AM

Aminex in talks to boost Kiliwani North output rates

Aminex said production from the Kiliwani North-1 well was currently fluctuating below 1 million standard cubic feet per day due to low reservoir pressure and inlet pressure restrictions of the gas processing plant. It said a review of the existing tech
05-Oct-2017 08:16 AM

Ara Petroleum CEO joins Aminex board

Aminex has appointed Ara Petroleum chief executive Sultan Al-Ghaithi as a non-executive director with immediate effect. Al-Ghaithi, who has 18 years of industry experience, is CEO of Ara Petroleum where he is responsible for two subsidiary E&P companie
28-Sep-2017 08:16 AM

Aminex swings into profit

Aminex swung into the black in the six months to the end of June with a profit of $1.01m against a loss $2.45m last time. The company also said it had repaid all of its outstanding corporate debt and was now debt-free and had a cash balance of $6.91m.
06-Sep-2017 07:46 AM

Aminex submits Ntorya development plan

Aminex has confirmed that a development plan for the Ntorya field, located onshore in the Ruvuma Basin, has been submitted to the Tanzania Petroleum Development Corporation for approval. Aminex said the development plan was a key step towards obtainin
20-Jul-2017 09:45 AM

Aminex receives further Kiliwani gas sales payment

Aminex has received a further payment from Tanzania Petroleum Development Corporation for Kiliwani gas sales. The company said it continued to work with TPDC to bring arrears fully up to date. Aminex said it had a strong balance sheet and was a debt-f
10-Jul-2017 09:39 AM

Solo Oil notes appointment of io

Solo Oil reports the appointment of io oil & gas consulting (IO), a Baker Hughes and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya field, part of the company's Ruvuma PSA acreage in Tan
20-Jun-2017 09:45 AM

Aminex debt-free after repaying corporate loan

Aminex has confirmed it had repaid its corporate loan facility in full and that it was now a debt-free producing company. The company said it was arranging the release of fixed and floating charges, which comprised the security package for the loan. Am
06-Apr-2017 08:40 AM

Aminex losses narrow

Aminex's losses narrowed to $2.53m in the year to the end of December - down from $3.78m in 2015. Aminex said it progressed strongly on many fronts during 2016 and early 2017 and had become a Tanzanian gas producer for the first time following Kiliw
08-Mar-2017 09:35 AM

Aminex confirms successful Ntorya-2 test

Aminex has confirmed that the Ntorya-2 appraisal well has now been successfully tested and is being suspended for future production. Ntorya-2 was drilled in the onshore Ruvuma Basin of southern Tanzania, on the Mtwara licence (Aminex 75%, operator) whic
06-Feb-2017 08:00 AM

Aminex sees better than expected results at Ntorya-2

Aminex reports better than expected results from the Ntorya-2 appraisal well which has been successfully drilled to a depth of approximately 2,750 metres. Aminex said that at 2,596 metres drilling depth the well encountered a gross gas bearing reservoir
19-Dec-2016 07:51 AM

Aminex gets Nyuni extension

Aminex has now received formal approval from Tanzania's minister of energy and minerals to extend the current work period of the Nyuni Area PSA for a period of four years until at least 27 October 2019. The company has now formally accepted the Ca
18-Nov-2016 11:10 AM

Broker Forecast - Canaccord Genuity issues a broker note on Aminex PLC

Canaccord Genuity today initiates coverage of Aminex PLC (LON:AEX) with a speculative buy investment rating and price target of 3.50p. Story provided by
18-Oct-2016 09:03 AM

Aminex to spud Ntorya-2 in late Q4

Aminex says the civil work for the Ntorya-2 wellsite is now complete and the process of mobilising the Caroil 2 drilling rig and related equipment has begun from the Ntorya-1 well pad to the Ntorya-2 wellsite, approximately 1,500 metres away. The Ntory
23-Sep-2016 07:30 AM

Aminex rig contract for Ntorya-2

Aminex has signed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are under way to mobilise the rig and equipment to the Ntorya 2 pad, w
15-Sep-2016 09:15 AM

Aminex losses widen

Aminex posts a pre-tax loss of $2.4m for the six months to the end of June - up from $606,000 a year ago. Revenues rose to $255,000 from $166,000 but total administrative expenses increased to $1.4m from $763,000. Operating highlights include: - Gas sa
07-Sep-2016 07:38 AM

Aminex to maintain 54.575% interest in KNDL

Aminex will maintain its 54.575% interest in the Kiliwani North Development Licence in Tanzania, which the company operates. Under the terms of a sale and purchase agreement with Solo Oil announced in April, the company had agreed to dispose of a 1.25
04-Jul-2016 08:18 AM

Aminex updates on Kiliwani North output

Aminex says gas production from the Kiliwani North-1 well in Tanzania reached 30 mmcf per day (approximately 5,000 barrels of oil equivalent per day)at the weekend with stable pressure recordings at that rate. The commissioning process is expected to
25-Apr-2016 08:18 AM

Aminex losses narrow

Aminex posts a pre-tax loss of $3.8m for the year to the end of December - down from $5.9m last time. Revenues fell to $350,000 from $444,000. Administrative expenses fell to $1.6m from $2.8m. During the year Aminex negotiated a long-awaited gas sales a
11-Feb-2016 07:58 AM

Aminex sells 3.825% interest in Kiliwani North

Aminex has reached an agreement for the sale of a final 3.825% interest in the Kiliwani North development licence to Solo Oil for USD2.16 million in cash. Solo currently holds a 6.175% interest in the KNDL. This has been adjusted following the exercis
13-Jan-2016 07:54 AM

Aminex set to start first production in Africa

Aminex has executed a fully-termed gas sales agreement with the Tanzania Petroleum Development Corporation for the Kiliwani North gas field, which moves the company into its much anticipated production phase. Participants in the Kiliwani North Developme

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