Aminex achieves first gas from Kiliwani North
Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
Aminex has sold its 3.825% interest in the Kiliwani North Development Licence in Tanzania to Solo Oil for $2.16million.
Aminex said the Kilwani North-1 well is undergoing final testing ahead of first production.
Aminex today confirmed it had struck a deal with the Tanzanian government ahead first production form its Kiliwani North gas field.
Aminex has netted a six-month reprieve to pay back its corporate loan facility.
Solo Oil has farmed out its interest in the Ruvuma petroleum sharing agreement to help it accelerate two appraisal wells in Tanzania.
Aminex PLC is set to close its sale with Solo Oil for 13% of its asset in the Kiliwani North Development Licence (KNDL) in Tanzania for $7million. The deal will mark a milestone for Aminex by providing it with the its first revenues from its Tanzanian assets. Both Aminex and Solo Oil have advised shareholders of the plans, and are currently waiting for approval from the Tanzanian authorities.
Northcote Energy has teamed up with Springer Oil and Gas to buy the US operation of Africa-focused oil and gas exploration and production company Aminex.