Aminex to sell US assets and focus on Africa -Update
--- adds broker comment--- Oil and gas explorer Aminex’s (LON:AEX) decision to sell its US assets and focus on Africa could kick-start a new phase in its development, brokers said today. A strategic...
View ArticleAminex: Ambitious plans to become a pure play on African oil & gas
Aminex (LON:AEX) chief Stuard Detmer has big ambitions for the future as he positions the firm as a consolidator in Africa’s junior oil and gas sector. The firm unveiled a major shift in its strategy...
View ArticleAminex & Solo Oil shares advance on Tanzania exploration update
Shares in Aminex (LON:AEX) and Solo Oil (LON:SOLO) advanced today as the partners confirmed that the Ntorya-1 well is now being drilled to a deeper target which may potentially contain liquid...
View ArticleAminex & Solo prepare for Ntorya-1 tests as drilling comes to an end
Aminex (LON:AEX) and Solo Oil (LON:SOLO) will now prepare to test the gas discovery in the Ntorya-1 well in Tanzania following the completion of drilling. "With the completion of drilling at Ntorya-1,...
View ArticleAminex and Solo Oil prepare to test Ntorya gas discovery
Aminex (LON:AEX) and Solo Oil (LON:SOLO) today confirmed that preparations are now underway for the testing of the Ntorya-1 well, in Tanzania. The partners confirmed that the rig has now been released...
View ArticleAminex kicks of new offshore seismic programme on Nyuni PSA
Aminex (LON:AEX) says it has begun a new seismic exploration programme to assess the offshore area within the Nyuni PSA in Tanzania. It is looking at the transition zone, or shelf area, between the...
View ArticleAminex to sell remaining US assets
Aminex (LON:AEX) this afternoon confirmed its intention sell its remaining American assets. It says it has now launched a marketing programme to sell its three oil producing assets in Texas and...
View ArticleAminex & Solo Oil to flow test Ntorya gas discovery tomorrow
Aminex (LON:AEX) and Solo Oil (LON:SOLO) told investors that testing will begin tomorrow on the Ntorya gas discovery in the Ruvuma basin, onshore Tanzania. A 25 metres gross interval will be tested to...
View ArticleUPDATE: Aminex and Solo Oil to start Ntorya flow tests tomorrow
---Adds background--- Within a matter of days investors will receive hotly anticipated news from the Ntorya onshore gas discovery in Tanzania. Aminex (LON:AEX) today said that flow testing on the...
View ArticleAminex & Solo Oil: Ntorya test results reveal ‘strong commercial potential’
Aminex (LON:AEX) this morning revealed that the Ntorya well in Tanzania flowed gas at a rate that could be commercially viable. Ntorya is part of the Ruvuma venture between Aminex and Solo Oil...
View ArticleOil and gas E&Ps will be more robust next year, says Société Générale
Mid cap oil and gas stocks should emerge as more robust value propositions next year, according to French broker Société Générale. He adds however that investors holding out for another Cove Energy...
View ArticleAminex: Rough seas suspend shallow water survey at Nyuni
Aminex (LON:AEX) this morning told investors that its ongoing seismic survey of the ‘transition zone’ in the Nyuni PSA, in Tanzania, has been interrupted. The programme involves ocean floor cabling and...
View ArticleAminex and Solo Oil shares advance on Tanzania gas upgrade
Aminex (LON:AEX) and Solo Oil (LON:SOLO) shares were on the rise again today as an independent report upgraded the resource figures for the partners’ Tanzanian gas projects. The report assessed the...
View ArticleAminex delays marketing of US assets as it seeks to maximise sale price
Aminex (LON:AEX) has delayed the marketing process for the US assets it plans to sell in order to maximise the price it can achieve, as it awaits operations to complete that will increase their...
View ArticleAminex hails a breakthrough six months
Aminex (LON:AEX) hailed a breakthrough six months in which its exploration programme delivered spectacularly, and revealed it is in the final stages of negotiating a US$15 million loan to fund further...
View ArticleUPDATE: Aminex hails a breakthrough six months
---Adds share price and broker comment--- Aminex (LON:AEX) shares were up more than 2 per cent this afternoon after it hailed a breakthrough six months in its interim statement. The half year saw its...
View ArticleAminex says gas pipeline gives clear route to monetising Tanzanian gas assets
Aminex (LON:AEX) says a new gas pipeline in Tanzania is a clear route to monetising its two gas assets.The Kiliwani and Ntorya gas fields are among the group’s assets in Tanzania that are estimated...
View ArticleAminex agrees US$8mln loan deal
Aminex (LON:AEX) said it has agreed a US$8mln loan facility with Argo Capital Management, with the funds earmarked to provide working capital for its Tanzanian operations. The oil and gas exploration...
View ArticleAminex waves goodbye to chief executive
Aminex (LON:AEX) has revealed Stuard Detmer has stepped down as chief executive and director of the junior oil firm. Detmer is leaving with immediate effect to pursue other business interests. Aminex...
View ArticleAminex extends bidding for Ruvuma farm-in
Aminex (LON:AEX) said it has extended the bidding process for would-be farm-in partners for its onshore gas discovery in Tanzania. The decision was made at the request of “several interested parties”...
View ArticleAminex and Solo Oil say Tanzania farm out talks continue
Venture partners Aminex (LON:AEX) and Solo Oil (LON:SOLO) have told investors that talks are continuing with a number of parties that are interested in farming into their project in Tanzania. Investors...
View ArticleAminex farm-out talks continue
Aminex (LON:AEX) has revealed that it is still in talks with interested parties over a farm-out deal of its Ruvuma basin prospects in Tanzania. The company has a 75% stake in the production sharing...
View ArticleAminex and Solo Oil boosted by Tanzania contract amendments
The Tanzanian government has provided written confirmation that it has approved an amendment of the Aminex(LON:AEX) operated Ruvuma production sharing agreement (PSA). According to the letter from the...
View ArticleUPDATE: Aminex and Solo awarded Tanzania appraisal licence
--Adds broker comments and share price detail-- Oil explorers Aminex (LON:AEX) and Solo Oil (LON:SOLO) advanced on Monday as they confirmed an appraisal licence had been awarded for the Ntorya...
View ArticleAminex and Solo say pipeline access discussions progressing over Ntorya-1
Negotiations are on-going with the Tanzanian authorities for gas produced from the Ntorya-1 well in the Ruvuma Basin, Aminex (LON:AEX) and Solo Oil (LON:SOLO) said today. Discussions are underway over...
View ArticleAminex’s ‘world class’ potential is main attraction for new management
It was the ‘world class’ quality of Aminex’s (LON:AEX) gas assets in Tanzania that provided the main attraction for newly appointed management team, Jay Bhattacherjee and Philip Thompson. Bhattacherjee...
View ArticleAminex extends deadline to complete Canyon takeover
The deadline for Aminex (LON:AEX) to acquire Canyon Oil & Gas has been extended by mutual consent. The deal now has until December 31 to be signed off. In the meantime, Canyon’s management...
View ArticleAminex looking at financing options to advance "world class" assets
Aminex (LON:AEX) is to seek interim financing from one or more lenders to advance its Ruvuma project and to provide essential working capital. The company said an injection of funds is needed to make...
View ArticleAminex seeks £10mln to move forward in Tanzania
Aminex (LON:AEX) is to raise up to £10mln to progress exploration and development work on its portfolio of oil and gas assets in Tanzania. The bulk of the funds will come from an institutional placing...
View ArticleAminex and Solo Oil receive formal amendments to Ruvuma PSC
Aminex (LON:AEX) and Solo Oil (LON:SOLO) have received a formal, signed addendum to the production sharing agreement (PSA) for the Ruvuma PSA, in Tanzania. As agreed in principle last year, the...
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