Business
New Corporate Presentation
New Corporate Presentation.
About this update from Aminex Plc
[{"type":"text","content":"\n \nRNS Number : 1322W Aminex PLC 25 April 2016 \n\n \nAminex plc\n(\"Aminex\" or \"the Company\")\n \nNew Corporate Presentation\n \nAminex PLC, the Africa-focused oil and gas production and development company (LSE: AEX, ISE: AEX), is pleased to announce that an updated corporate presentation is now available to view on the Company's website: www.aminex-plc.com.\n \n\n\n\n\nFor further information:\n \n\n\n\n\n\n\n\nAminex PLC\n\n\n+44 20 7291 3100\n\n\n\n\nJay Bhattacherjee, Chief Executive Officer\n\n\n\n\n\n\n\nMax Williams, Chief Financial Officer\n\n\n\n\n\n\n\n \nCorporate Brokers\n\n\n\n\n\n\n\nShore Capital Stockbrokers, Jerry Keen\n\n\n+44 20 7408 4090\n\n\n\n\nDavy, Brian Garrahy\n\n\n+353 1 679 6363\n\n\n\n\n \nCamarco\n\n\n \n+44 20 3757 4980\n\n\n\n\nBilly Clegg\nGordon Poole\n\n\n\n\n\n\n\n \nNotes to editors\n \nAminex PLC is a gas and oil production, development and exploration company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. Aminex is run by an established management team which is aligned with shareholders through its 11.5% equity stake. The Company's focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002:\n \nKiliwani North Development Licence (54.575%) Operator\nThe Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and will produce dry clean gas under high natural pressure (1,600 psi) from the high quality Neocomian late Cretaceous reservoir. The Kiliwani North -1 well tested at 40 mmcfd. The gas will be sold at the well head in $US at a fixed price and fed directly into the Tanzania's new pipeline infrastructure to Dar es Salaam. As operator, Aminex has control of the production ramp up, work programme and quantity and timing of future capital expenditure.\n \nRuvuma Production Sharing Agreement (75%) Operator\nThe Ruvuma acreage includes Aminex's Ntorya-1 onshore Cretaceous gas discovery which has been independently ascribed 70 BCF gross contingent&nbs...