Aminex PLC Kiliwani Operations Update (9215R)
October 31 2023 - 12:00PM
UK Regulatory
TIDMAEX
RNS Number : 9215R
Aminex PLC
31 October 2023
31 October 2023
Aminex plc
("Aminex" or "the Company")
Kiliwani Operations Update
Aminex notes the following operational update announced by Orca
Energy Group Inc. ("Orca") on 30 October 2023 relating to the 3D
seismic programme of its subsidiary, PanAfrican Energy Tanzania
Limited ("PAET"):
"The third party contractor responsible for the seismic program
has suspended operations. As a result, PAET has issued a breach of
contract notice to the contractor. The contractor has failed to
remedy the breach under its agreement with PAET. The Company has
therefore terminated the contract on October 25, 2023."
We are in the process of discussing the impact of the above
information on the proposed acquisition of 3D seismic data over
part of the Kiliwani North Development Licence area with Orca and
shall provide a further update in due course.
For further information:
Aminex PLC +44 203 355 9909
Charles Santos, Executive Chairman
Davy +353 1 679 6363
Brian Garrahy
Shard Capital +44 20 7186 9952
Damon Heath
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END
UPDBLBDGIUXDGXB
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