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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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