Business
2021 Half-Yearly Report
2021 Half-Yearly Report.
About this update from Aminex Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4599N\n Aminex PLC\n 30 September 2021\n \n \n \n \n 30 September 2021\n \n \n \n \n \n 2021 HALF-YEARLY REPORT\n \n \n \n \n \n Aminex PLC (\"Aminex\" or \"the Group\" or \"the Company\") announces its unaudited half-yearly report for the six months ended 30 June 2021. \n \n \n \n \n \n \n \n \n REPORTING PERIOD HIGHLIGHTS \n \n \n \n \n \n · \n Loss for the period of US$1.59 million (30 June 2020: loss of US$1.15 million), an increase of 38% on the same period last year \n \n \n · \n Continued reduction in overheads (before one-offs and exceptional items) with like-for-like expenditure down over 20% compared with the same six-month period in 2020 \n \n \n \n \n \n \n \n \n POST PERIOD END \n \n \n \n \n \n · \n Ministry of Energy of Tanzania granted a two-year licence extension under the Ruvuma PSA, effective from 15 August 2021 \n \n \n · \n Seismic acquisition contract for approximately 338 km2 of 3D seismic awarded by the Ruvuma joint venture to Africa Geophysical Services Limited following an extensive tendering exercise by the operator \n \n \n · \n Significant progress in negotiations with the Tanzania Petroleum Development Corporation on Kiliwani North gas sales receivables \n \n \n \n \n \n \n \n \n Charles Santos, Executive Chairman of Aminex commented:\n \n \n \n \n \n \"We are excited that the Ntorya gas development is entering a period of operational activity by acquiring 3D seismic and well execution, representing significant steps towards monetising this large gas resource into existing infrastructure and an established market in Tanzania. Moreover, we want to recognise the steadfast and efficient efforts of APT in moving the Ruvuma project forward. Finally, we are appreciative of the continued support of the Tanzanian Ministry of Energy most recently demonstrated by its granting of a two-year license extension for the Ruvuma PSA and of the TPDC for their continued constructive negotiations regarding the outstanding Kiliwani receivables.\" \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Aminex PLC\n \n \n \n \n +44 20 3198 8415\n \n \n \n \n \n \n Charles Santos, Executive Chairman \n \n ...