Aminex PLC
21 March 2007
21 MARCH 2007
AMINEX PLC
("Aminex" or the "Company")
NYUNI / EAST SONGO SONGO PRODUCTION SHARING AGREEMENT, TANZANIA - FARM-OUT
UPDATE
Aminex, the oil and gas company listed on the London and Irish Stock Exchanges,
announces that its farm-out of a 20% interest in the Nyuni / East Songo Songo
licence in Tanzania to Key Petroleum Ltd. ("Key"), announced to shareholders on
5 February 2007, has been finalised. The two outstanding conditions of the
farm-out, being (1) completion of an underwriting agreement for a proposed
financing by Key and (2) formal consent from the Government of Tanzania, have
now been met.
Aminex also announces that East Africa Exploration has now completed its
obligations under a seismic programme on the Nyuni / East Songo Songo PSA at a
cost of $2 million and has now earned a 10% working interest in the PSA.
Interest owners are:
Ndovu Resources Ltd. (Aminex subsidiary) 64%
Bounty Oil 6%
Key Petroleum 20%
East Africa Exploration 10%
END
Enquiries:
Aminex PLC +44 (0) 20 7291
3100
Brian Hall - Chief Executive
Pelham Public Relations +44 (0) 20 7743 6679
Archie Berens
This information is provided by RNS
The company news service from the London Stock Exchange