Business
Interim Results
Interim Results.
About this update from Aminex Plc
[{"type":"text","content":"\n RNS Number : 2637C Aminex PLC 29 August 2008 \n \n\n\n\n\n29 AUGUST 2008\n\nAMINEX PLC\n\n2008 HALF YEARLY FINANCIAL REPORT\n\nAminex PLC ('Aminex' or 'the Company' or 'the Group'), the oil and gas company listed in London and Dublin, today announces its half-yearly results for the six months ended 30 June 2008.\n\n\nOperational Highlights\n\n\n\n\nGas discovery at Kiliwani North, Tanzania\n\n\nGas discovery at South Weslaco, Texas\n\n\nDeep gas discovery at Alta Loma, Texas\n\n\nNew licence award at West Songo-Songo, Tanzania\n\n\nPreparations ongoing for drilling in the Ruvuma Basin (Tanzania) in early 2009\n\n\nNyuni licence (Tanzania) extended into third period.\n\n\n\n\nFinancial Highlights\n\n\n\n\nRevenue at US$4.5 million 54% ahead of H1 2007\n\n\nExit from Madagascar licence results in write down of US$3.38 million\n\n\nOperating loss before other costs reduced by 10% from H1 2007 to US$1.37 million\n\n\n\n\n Enquiries:\n\n Aminex PLC +44 (0) 20 7291 3100\n Brian Hall - Chairman\n Simon Butterfield - Finance Director\n\n Pelham Public Relations +44 (0) 20 7743 6679\n Archie Berens\n Operations Summary\n\n2008 to date has been a very active drilling period for Aminex with target depth achieved on six new wells since the beginning of the year, two offshore Tanzania, two in separate areas of Texas and two onshore Egypt. Kiliwani North-1 in Tanzania encountered a 60 metre gross gas column and flowed gas under a full production test at 40 million cubic feet/day with no measurable pressure decline. GU-38 encountered commercial gas ...