Aminex PLC
20 August 2007
FOR IMMEDIATE RELEASE
20 August 2007
Aminex PLC ("Aminex" or "the Company")
Extension of Licence in Tanzania
Aminex PLC, the oil and gas company listed in London and Dublin, announces the
grant of a six-month extension to the current phase of its Nyuni/East
Songo-Songo exploration licence offshore Tanzania. The two well drilling
programme planned for 2007 was due to be completed by the end of the current
phase in November but has been delayed due to mechanical hold-ups with the
current contractor's drilling rig, as previously advised to shareholders. The
Tanzanian Minister of Energy and Mines has now granted a formal extension of the
Group's commitment period to 19 May 2008.
Commenting on the extension, Aminex Chairman Brian Hall said:
"As in the past, the Tanzanian authorities have been extremely helpful and
co-operative in resolving an issue which has arisen due to circumstances outside
our control. We are very grateful for their continued support. Subject to
unforeseen circumstances, we plan to have completed this drilling programme well
within the six month extension period."
The Nyuni partners are:
Ndovu Resources Ltd. (operator) 39%(wholly-owned by Aminex)
Key Petroleum Ltd. 20%
RAK Gas Commission 25%
East Africa Exploration Ltd. 10%
Bounty Oil & Gas Ltd. 6%
For further information:
Aminex PLC
Brian Hall Tel: +44 (0) 20 7291 3100
Pelham Public Relations
Archie Berens Tel: +44 (0) 20 7743 6679
This information is provided by RNS
The company news service from the London Stock Exchange