Aminex PLC Ruvuma Farm-Out Update (5082T)
March 21 2019 - 2:00AM
UK Regulatory
TIDMAEX
RNS Number : 5082T
Aminex PLC
21 March 2019
21 March 2019
Aminex plc
("Aminex" or "the Company")
Ruvuma Farm-Out Update
Aminex announces that all parties to the previously announced
Ruvuma farm-out agreement have agreed to an extension to the
longstop date to 31 July 2019. The Company and ARA Petroleum
Tanzania Limited ("APT") have made good progress on closing out the
conditions precedent, including all joint venture partner
approvals, and are actively engaged with the Government of Tanzania
to close out the remaining conditions.
The principal conditions still to be met are the extension of
the Mtwara Licence and approval by the Tanzanian Government of the
transfer of the interest and operatorship. The Company and APT
continue to work closely with the Tanzanian authorities to close
out these conditions as soon as possible.
Jay Bhattacherjee, Chief Executive of Aminex PLC, said:
"Aminex and APT have had positive meetings with the Tanzania
Government regarding the Ruvuma farm-out and look forward to the
continued support of the Tanzanian authorities in closing out these
remaining conditions and, in so doing, facilitating the progression
of the Ntorya Development and specifically the drilling of the
Chikumbi-1 well."
Ends
For further information:
Aminex PLC +44 20 3198 8415
Jay Bhattacherjee, Chief Executive
Officer
Max Williams, Chief Financial
Officer
Davy +353 1 679 6363
Brian Garrahy
GMP FirstEnergy
Hugh Sanderson +44 20 7448 0200
Shore Capital +44 20 7408 4090
Jerry Keen
Camarco +44 20 3781 8331
Billy Clegg / James Crothers
/ Daniel Sherwen
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END
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