Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (June 2019)
10 slides from Aminex's shareholder meeting presentation, Jun 12, 2019
Slide 1: AGM
AGM Wednesday 12 June 2019 London Stock Exchange : AEX Irish Stock Exchange : AEX 11 www.aminex-plc.com
Slide 2: Disclaimer
Disclaimer Certain information contained herein constitutes forward-looking statements, which can be identified by the use of forward- looking terminology such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “should” or “will”, or, in each case, their neg
Slide 3: Corporate
aminex CORPORATE
Slide 4: Cost Mitigation Measures
Cost Mitigation Measures • Preservation of cash position in view of ongoing delays in: 1. Completion of the Ruvuma Farm-Out 2. Resolution of payment issues for Kiliwani North past production revenues • G&A Costs under close scrutiny 1. Reduction in Board, London and Tanzanian staff numbers from 2017
Slide 5: Operations
aminex OPERATIONS
Slide 6: Ruvuma PSA
Ruvuma PSA • In July 2018, Aminex agreed to farmout 50% of its 75% working Existing pipeline: interest in the Ruvuma PSA in exchange for a full carry on future operations worth up to $105 MM of gross expenditure for ARA’s and Aminex’s combined 75% working interests and $5 MM in cash. • Aminex is ful
Slide 7: Kiliwani North
Kiliwani North • Licence expiry in 2036 with no further commitments • $7.4 MM gross (~$3.0 MM net) remains outstanding from TPDC, Existing pipeline: owed for past gas sales including interest Re-processing update • 2D seismic reprocessing is underway with over 50% of the lines being worked on. • Exp
Slide 8: Kiliwani North and Nyuni: Exploration potential
Kiliwani North and Nyuni: Exploration potential Kiliwani North Area is highly prospective with: • High deliverability reservoirs = Kiliwani North-1 tested 40 MMcf/d • Structural plays which work: Songo Songo field (855 BCF 3P) and Kiliwani North • Significant ullage at SSI gas facility • Existing GS
Slide 9: Summary
Summary • Closing out of the Farm-out remains the Company’s top Existing pipeline: priority • The Company is taking definitive steps to reduce costs while maintaining its ability to function as an exploration and production company • Significant Ruvuma operations to begin once licence extension and
Slide 10: Contact us
Contact us: London Aminex Petroleum Services Limited Kings Buildings 16 Smith Square London, UK SW1P 3JJ Tel: +44 (0)20 3198 8415 Email: info@aminex-plc.com Web: www.aminex-plc.com Click here for map Tanzania Ndovu Resources Ltd Plot No. 431, Mahando Street Msasani Peninsular Click on the image to d