REG - Aminex PLC - Kiliwani Operations Update

AminexAnnouncement

31/10/2023 17:15

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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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