Search results for: Aminex

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  • 31 October 2011
    Business & Finance

    Aminex PLC (“Aminex” or the “Company”) announces today that it has signed a new Production Sharing Agreement (‘PSA’) with the Tanzanian Minister of Energy & Minerals granting it the right to explore for oil and gas over 1,690 km² in the Nyuni area off the coast of Tanzania  in the Indian Ocean.  The PSA, known […]

  • 13 September 2011
    Business & Finance

    Aminex announces the following further reorganisation of its Tanzanian exploration portfolio:  Aminex and Key Petroleum Ltd. (‘Key’) currently participate 50-50 in the West Songo-Songo Production Sharing Agreement (‘PSA’) in Tanzania, with Key as the operating partner. Progress has been slow to date and the work programme is behind schedule, creating uncertainty about the future of […]

  • 13 January 2016
    Business & Finance

    Aminex, an Africa-focused oil and gas exploration and production company, has executed a fully-termed gas sales agreement with the Tanzania Petroleum Development Corporation (TPDC) for its Kiliwani North gas field, off Tanzania.  According to Aminex, this deal moves the company into production phase. Participants in the Kiliwani North Development Licence are: Ndovu Resources Ltd (Aminex) […]

  • 19 November 2015
    Business & Finance

    Bowleven, an independent oil and gas exploration company focused on Africa, has moved a step toward entering the gas market in Tanzania. The company, which owns assets in Cameron, Kenya and Zambia, said it has signed a conditional heads of terms with Aminex to buy a 25 percent interest in the soon to be producing […]

  • 4 July 2016

    Gas production from the Kiliwani North-1 well in Tanzania reached 30 mmcf per day, or approximately 5,000 barrels of oil equivalent per day, over the weekend with stable pressure recordings at that rate, Aminex has informed. The commissioning process is expected to be concluded with the testing of the well to determine optimal rates which […]

  • 4 February 2011
    Business & Finance

      Aminex PLC (‘Aminex’ or the ‘Company’) announces that it is proposing to increase its interest in the Nyuni Production Sharing Agreement in Tanzania (‘Nyuni PSA’) from 50% to 65% through a farm-in arrangement. Binding heads of agreement have been signed. Under the terms of the farm-in, Aminex will fund a 20% share in the […]

  • 24 February 2011
    Business & Finance

      Aminex PLC  announces that it has now received formal approval from the Tanzanian Ministry of Energy and Minerals to acquire an additional 15% working interest from Key Petroleum Ltd. (“Key”) in the Nyuni East Songo-Songo Production Sharing Agreement (“Nyuni PSA”) offshore Tanzania. The agreement with Key was announced on 4 February 2011 and was […]

  • 16 March 2011
    Business & Finance

      Aminex announces that it has signed a rental contract for use of the Caroil-6 drill rig at Nyuni Island, offshore Tanzania. The Caroil-6 will be used to drill the Nyuni-2 well, targeting a large Neocomian-age gas prospect, and the rig will be mobilised to Nyuni Island within 60 days. Nyuni-1 was drilled and suspended […]

  • 17 February 2011
    Business & Finance

      Aminex PLC (‘Aminex’ or the ‘Company’) provides the following announcement regarding its reserves in the USA and volumetric calculations in connection with its ‘Nyuni’ project, offshore Tanzania. USA. Proved reserves (1P) of 2.5 million barrels oil equivalent net to Aminex, valued at $49 million. Tanzania. Nyuni PSA – 278 billion feet gas in place […]

  • 17 December 2014
    Business & Finance, Project & Tenders

    Aminex has received a confirmation from the Tanzanian Ministry of Energy and Minerals that the Minister has no objection to the proposed sale of up to a 13% interest in the Kiliwani North Development Licence (KNDL) to Solo Oil for a total consideration of $7 million. The sale now remains subject only to a formal Deed […]

  • 6 June 2016
    Project & Tenders

    Following the first gas produced from Aminex-operated Kiliwani North field off Tanzania in April, commissioning of the power generation system and other auxiliary facilities has now been completed.   Aminex said on Monday that commissioning of the gas plant and subsea pipeline started on June 1, 2016. On June 2, the first Kiliwani North-1 (KN-1) gas was […]

  • 20 September 2011
    Business & Finance

      Aminex PLC announced today the appointment of Mr. Stuard Detmer to the Board of the Company and to the post of Chief Executive Officer with immediate effect. Mr. Brian Hall, who is currently both Chairman and Chief Executive, will remain as the Company’s Executive Chairman. A resolution to approve Mr. Detmer’s appointment to the […]

  • 1 February 2016
    Project & Tenders

    Bowleven, an oil and gas exploration group focused on Africa, has backed down from its decision to acquire interests in the Kiliwani North Development Licence and Ruvuma PSA, in Tanzania from Aminex.  According to Bowleven, the company has decided not to pursue the acquisition of a 25% interest in the Kiliwani North and 50% interest in the Ruvuma PSA following […]

  • 3 September 2014
    Business & Finance, Operations & Maintenance

    Aminex PLC, an independent oil and gas company, has announced today its interim results for the six months ended 30 June 2014. FINANCIAL HIGHLIGHTS – Fully funded to execute current work programme; – $15 million equity issue successfully completed; – Sale of Aminex USA completed since period end; – $8 million working capital facility extended – Loss for period $4.74 […]

  • 3 February 2015
    Business & Finance

    Aminex in October 2014 announced a binding agreement to sell up to 13% of Kiliwani North Development Licence, offshore Tanzania, to Solo Oil plc for a total consideration of $7 million. The company has today said that the two oil and gas companies have now signed the Asset Sale Agreement for the first 6.5% interest and the only conditions precedent […]

  • 30 May 2012
    Business & Finance

    Aminex PLC (‘Aminex’ or the ‘Company’), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces commencement of a 335 kilometre 2D seismic survey in the Nyuni Area Licence, offshore Tanzania.  The survey will […]

  • 29 June 2012
    Business & Finance, Operations & Maintenance

    Aminex PLC (‘Aminex’ or the ‘Company’), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces an update on the current 2D seismic transition zone survey within the Nyuni Area PSA (“Nyuni Area”), offshore […]

  • 16 March 2015

    Aminex has announced that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019. The deferral is conditional on an Environmental Impact Assessment, which has […]

  • 6 October 2011
    Business & Finance, Project & Tenders

    Aminex PLC (‘Aminex’ or the ‘Company’) announces that it has suspended further work on the Nyuni-2 exploration well in offshore Tanzania due to extreme drilling conditions. As previously announced, the Nyuni-2 well had been drilled to 3,450 metres measured depth and cased to 2,945 metres. However, it was not possible to run a full suite […]

  • 9 January 2014

    Aminex PLC  provides an update on its discussions with the Tanzanian authorities in regards to the Gas Sales Agreement for the Company’s Kiliwani North Gas Field. The Gas Sales Agreement with the Tanzania Petroleum Development Corporation (“TPDC”) for the Company’s Kiliwani North Gas Field is largely completed and should be ready for signature shortly, with […]

  • 29 June 2012
    Business & Finance, Project & Tenders

    Aminex PLC (‘Aminex’), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces an update on the current 2D seismic transition zone survey within the Nyuni Area PSA (“Nyuni Area”), offshore Tanzania. As previously […]

  • 16 September 2011
    Business & Finance, Project & Tenders

    Aminex PLC (“Aminex” or the “Company”) provides the following update on progress at its Nyuni-2 well, offshore Tanzania.  After successfully mastering the most difficult of the anticipated drilling zones in the well, several days have now been spent attempting to clear rubber debris from a number of centralisers which broke away from a wireline logging […]