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Aminex
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  • Aminex posts narrowed loss, eyes end to delays in Tanzania
    Monday 30 Sep 2019 09:43

    Small cap energy play Aminex reported a loss for the six months to 30 June of $2.19m (30 June 2018: loss of $2.36m). During the period the company completed an equity issue of $2.18m after transaction expenses, reprocessing of 2D seismic over Kiliwani North Development Licence, achieved 20% cost...
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  • Aminex continues to wait on Tanzanian government to approve farmout of Ruvuma to ARA Petroleum
    Friday 16 Aug 2019 07:42

    Gas exploration and production company Aminex said it continued to wait on the Tanzanian government to approve the farmout of Ruvuma to ARA Petroleum. The company also said it had cut costs by more than a third. The company said the review of all oil and gas companies' Production Sharing...
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  • Aminex chief executive steps down for health reasons
    Friday 24 May 2019 07:50

    Oil company Aminex has announced that, due to health reasons, Jay Bhattacherjee will step down as chief executive and director of the company with immediate effect. The board of Aminex has appointed Tom Mackay as interim chief executive officer, with immediate effect. Tom joined Aminex in...
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  • Director Deals - Aminex PLC (AEX)
    Tuesday 30 Apr 2019 12:05

    Jay Bhattacherjee, Chief Executive Officer, bought 484,376 shares in the company on the 30th April 2019 at a price of 1.02p. The Director now holds 47,925,673 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Aminex PLC (AEX)
    Friday 15 Feb 2019 17:45

    Max Williams, Executive Director, 1,034,482 shares in the company on the 14th February 2019 at a price of 1.45p. The Director now holds 4,250,097 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Aminex PLC (AEX)
    Friday 15 Feb 2019 17:45

    Max Williams, Executive Director, 1,034,482 shares in the company on the 14th February 2019 at a price of 1.45p. The Director now holds 4,250,097 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Aminex PLC (AEX)
    Friday 15 Feb 2019 17:45

    Jay Bhattacherjee, Chief Executive Officer, 1,034,482 shares in the company on the 14th February 2019 at a price of 1.45p. The Director now holds 47,441,297 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Aminex PLC (AEX)
    Friday 15 Feb 2019 17:45

    John Bell, Chairman, 1,034,482 shares in the company on the 14th February 2019 at a price of 1.45p. The Director now holds 1,034,482 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Aminex observes gas at its Kiliwani North-1 well
    Monday 10 Dec 2018 07:40

    Aminex said Monday it had observed gas at its Kiliwani North-1 well after carrying out remediation work on the sub surface safety valve. The well was undergoing further testing and analysis, the company added. Story provided by StockMarketWire.com
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  • Aminex delays completion date of Tanzania stake sale until end March
    Wednesday 21 Nov 2018 14:30

    Aminex said it had agreed to extend the completion date for the sale of a 50% interest in the Ruvuma prospect in Tanzania to Zubair Corporation until the end of March. The said it expected to post a circular to shareholders by the end of November and convene an extraordinary general meeting to...
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  • Aminex appoints Keith Phair as interim chairman
    Thursday 16 Aug 2018 09:12

    Aminex said Thursday it had appointed Keith Phair, as Interim Chairman. Phair, who is currently the Senior Non-Executive Director of the Aminex, is expected to take up the role on 31 August 2018. The company also confirmed that it had commenced a selection process to appoint a new chairman....
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  • Director Deals - Aminex PLC (AEX)
    Monday 16 Jul 2018 09:00

    Max Williams, Executive Director, bought 491,642 shares in the company on the 13th July 2018 at a price of 2.00p. The Director now holds 3,215,615 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Aminex PLC (AEX)
    Friday 13 Jul 2018 15:30

    Jay Bhattacherjee, Chief Executive Officer, bought 492,341 shares in the company on the 13th July 2018 at a price of 2.01p. The Director now holds 46,406,815 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Aminex losses narrow, though key well goes on the decline
    Friday 27 Apr 2018 13:21

    Aminex said annual losses narrowed after it produced more natural gas from its assets in Tanzania. Output from a key well, however, started to slow in the second half. Net losses amounted to $2.3m, compared to $2.5m of losses in 2016. Production from the existing Kiliwani North-1 well rose 29%...
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  • Aminex upgrades resource estimate for Tanzania assets
    Monday 05 Feb 2018 14:13

    Aminex said that RPS Energy Consultants had completed an analysis of the company's Tanzania asset base, leading to a significant resource upgrade. The result helped confirm the feasibility of developing the Ntorya gas field for commercial production, the company said. Results included...
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  • Independent evaluation report on track, says Aminex
    Monday 08 Jan 2018 09:55

    Aminex said an independent evaluation report covering all its Tanzanian resources was on track for completion early this year. It said the new report would supersede and update all previous reports on the company's concessions in Tanzania, based on newly acquired data and the ongoing...
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  • Director Deals - Aminex PLC (AEX)
    Thursday 14 Dec 2017 09:20

    Jay Bhattacherjee, Chief Executive Officer, bought 162,574 shares in the company on the 13th December 2017 at a price of 3.04p. The Director now holds 45,914,474 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com
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  • Aminex appoints company secretary
    Thursday 14 Dec 2017 07:42

    Aminex has announced that group general counsel Brian Cassidy has been appointed as company secretary with immediate effect. Max Williams will continue in his roles of director and chief financial officer. Story provided by StockMarketWire.com
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  • Aminex in talks to boost Kiliwani North output rates
    Monday 06 Nov 2017 09:49

    Aminex said production from the Kiliwani North-1 well was currently fluctuating below 1 million standard cubic feet per day due to low reservoir pressure and inlet pressure restrictions of the gas processing plant. It said a review of the existing technical data led the company to conclude...
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  • Ara Petroleum CEO joins Aminex board
    Thursday 05 Oct 2017 08:16

    Aminex has appointed Ara Petroleum chief executive Sultan Al-Ghaithi as a non-executive director with immediate effect. Al-Ghaithi, who has 18 years of industry experience, is CEO of Ara Petroleum where he is responsible for two subsidiary E&P companies operating in Oman. Ara Petroleum is...
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  • Aminex swings into profit
    Thursday 28 Sep 2017 08:16

    Aminex swung into the black in the six months to the end of June with a profit of $1.01m against a loss $2.45m last time. The company also said it had repaid all of its outstanding corporate debt and was now debt-free and had a cash balance of $6.91m. Chief executive Jay Bhattacherjee said:...
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  • FLASH: Aminex swings into profit
    Thursday 28 Sep 2017 07:10

    Story provided by StockMarketWire.com
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  • Aminex submits Ntorya development plan
    Wednesday 06 Sep 2017 07:46

    Aminex has confirmed that a development plan for the Ntorya field, located onshore in the Ruvuma Basin, has been submitted to the Tanzania Petroleum Development Corporation for approval. Aminex said the development plan was a key step towards obtaining a development licence and the...
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  • FLASH: Aminex submits Ntorya development plan
    Wednesday 06 Sep 2017 07:05

    Story provided by StockMarketWire.com
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  • Aminex receives further Kiliwani gas sales payment
    Thursday 20 Jul 2017 09:45

    Aminex has received a further payment from Tanzania Petroleum Development Corporation for Kiliwani gas sales. The company said it continued to work with TPDC to bring arrears fully up to date. Aminex said it had a strong balance sheet and was a debt-free gas producer and production from the...
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  • Solo Oil notes appointment of io
    Monday 10 Jul 2017 09:39

    Solo Oil reports the appointment of io oil & gas consulting (IO), a Baker Hughes and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya field, part of the company's Ruvuma PSA acreage in Tanzania, operated by Aminex. The study was...
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  • Aminex debt-free after repaying corporate loan
    Tuesday 20 Jun 2017 09:45

    Aminex has confirmed it had repaid its corporate loan facility in full and that it was now a debt-free producing company. The company said it was arranging the release of fixed and floating charges, which comprised the security package for the loan. Aminex also confirmed that following the...
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  • Director Deals - Aminex PLC (AEX)
    Thursday 04 May 2017 09:25

    Jay Bhattacherjee, Chief Executive Officer, bought 181,923 shares in the company on the 3rd May 2017 at a price of 4.08p. The Director now holds 45,751,900 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com
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  • Aminex triples resource estimate for Ntorya
    Monday 24 Apr 2017 08:41

    Aminex has confirmed a tripling of resources in the Ntorya appraisal area in Tanzania. It said the potential of the Ntorya appraisal area, a component of the Ruvuma PSA operated by Aminex, had been successfully tested by two gas wells. The company now considered that the area had Pmean GIIP...
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  • FLASH: Aminex upgrade for Ntorya appraisal area
    Monday 24 Apr 2017 07:15

    Story provided by StockMarketWire.com
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  • Aminex losses narrow
    Thursday 06 Apr 2017 08:40

    Aminex's losses narrowed to $2.53m in the year to the end of December - down from $3.78m in 2015. Aminex said it progressed strongly on many fronts during 2016 and early 2017 and had become a Tanzanian gas producer for the first time following Kiliwani North start-up. It said it had also...
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  • FLASH: Aminex losses narrow
    Thursday 06 Apr 2017 07:12

    Story provided by StockMarketWire.com
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  • Aminex confirms successful Ntorya-2 test
    Wednesday 08 Mar 2017 09:35

    Aminex has confirmed that the Ntorya-2 appraisal well has now been successfully tested and is being suspended for future production. Ntorya-2 was drilled in the onshore Ruvuma Basin of southern Tanzania, on the Mtwara licence (Aminex 75%, operator) which is governed by the Ruvuma production...
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  • FLASH: Aminex confirms successful Ntorya-2 test
    Wednesday 08 Mar 2017 07:04

    Story provided by StockMarketWire.com
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  • Aminex sees better than expected results at Ntorya-2
    Monday 06 Feb 2017 08:00

    Aminex reports better than expected results from the Ntorya-2 appraisal well which has been successfully drilled to a depth of approximately 2,750 metres. Aminex said that at 2,596 metres drilling depth the well encountered a gross gas bearing reservoir unit of approximately 51 metres. It...
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  • FLASH: Aminex delighted with progress at Ntorya-2 well
    Monday 06 Feb 2017 07:08

    Story provided by StockMarketWire.com
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  • Oil, Gas Roundup
    Monday 09 Jan 2017 16:02

    Tullow Oil (LON:TLW) has agreed a substantial farm-down of its assets in Uganda to Total E&P Uganda. A sale and purchase agreement with an effective date of 1 January has been signed in which Tullow has agreed to transfer 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in...
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  • Aminex update on Ntorya-2 drilling
    Monday 09 Jan 2017 07:49

    Aminex has issued an update on the company's drilling activity in the Ruvuma Basin, Tanzania, where the Ntorya-2 appraisal well was spudded on 21 December, with a planned total depth of 2,860 metres. Drilling status and schedule: - On 5 January the 17-inch hole section was cased and cemented...
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  • FLASH: Aminex update on Ntorya-2 well
    Monday 09 Jan 2017 07:03

    Story provided by StockMarketWire.com
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  • Oil, Gas Roundup
    Wednesday 21 Dec 2016 16:22

    LGO Energy (LON:LGO) says recent loan re-financing and equity placement have positioned the Company for an early return to drilling in the Goudron Field with the imminent signing of an initial two well contract, including options to extend for further wells, in order to drill production wells to...
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  • Aminex spuds Ntorya 2 appraisal well
    Wednesday 21 Dec 2016 15:11

    Aminex has started drilling the Ntorya 2 appraisal well in the Ruvuma Basin, Tanzania. The well is being drilled to an estimated total depth of 2860 metres and is targeting the same channel complex as Ntorya 1 but further updip of the reservoir. The well location is a 1,500-metre step-out...
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  • Oil, Gas Roundup
    Monday 19 Dec 2016 16:21

    San Leon (LON:SLE) was the sector's biggest riser - up by over 17.9% in late trading - after noting the takeover speculation regarding the company and confirming that it has received an approach from a possible offeror, which may or may not lead to an offer being made. This announcement does...
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  • Aminex gets Nyuni extension
    Monday 19 Dec 2016 07:51

    Aminex has now received formal approval from Tanzania's minister of energy and minerals to extend the current work period of the Nyuni Area PSA for a period of four years until at least 27 October 2019. The company has now formally accepted the Carol-2 rig following inspection by an...
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  • FLASH: Aminex gets Nyuni extension
    Monday 19 Dec 2016 07:09

    Story provided by StockMarketWire.com
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  • Aminex set to spud Ntorya-2 appraisal well
    Monday 05 Dec 2016 08:05

    Aminex has issued an operational update for the Ruvuma PSA and the Kiliwani North development licence. Aminex has confirmed that an independent inspection of the Caroil 2 drilling rig has now been completed and the Ntorya-2 appraisal well is now expected to be spudded mid-December. The...
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  • Broker Forecast - Canaccord Genuity issues a broker note on Aminex PLC
    Friday 18 Nov 2016 11:10

    Canaccord Genuity today initiates coverage of Aminex PLC (LON:AEX) with a speculative buy investment rating and price target of 3.50p. Story provided by StockMarketWire.com
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  • Oil, Gas Roundup
    Tuesday 18 Oct 2016 16:05

    Aminex (LON:AEX) says the civil work for the Ntorya-2 wellsite is now complete and the process of mobilising the Caroil 2 drilling rig and related equipment has begun from the Ntorya-1 well pad to the Ntorya-2 wellsite, approximately 1,500 metres away. The Ntorya-2 appraisal well is expected to...
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  • Aminex to spud Ntorya-2 in late Q4
    Tuesday 18 Oct 2016 09:03

    Aminex says the civil work for the Ntorya-2 wellsite is now complete and the process of mobilising the Caroil 2 drilling rig and related equipment has begun from the Ntorya-1 well pad to the Ntorya-2 wellsite, approximately 1,500 metres away. The Ntorya-2 appraisal well is expected to spud...
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  • FLASH: Aminex update on Ntorya-2 appraisal well
    Tuesday 18 Oct 2016 07:11

    Story provided by StockMarketWire.com
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  • Oil, Gas Roundup
    Friday 23 Sep 2016 16:07

    Sound Energy (LON:SOU) said it and PetroMaroc Corp. have revised the terms relating to the former's acquisition of a 50% operated stake in in three onshore gas permits in Morocco, together known as the Sidi Moktar Licences. It said there have been a number of developments that have impacted the...
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