REG - Aminex PLC - Ntorya Operations Update

AminexAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251218:nRSR0169Ma&default-theme=true

RNS Number : 0169M  Aminex PLC  18 December 2025

18 December 2025

 

Aminex plc

 ("Aminex" or "the Company")

 

Ntorya Operations Update

 

Aminex, the oil and gas exploration and development company focused on
Tanzania, is pleased to announce the following:

·    Regarding the pipeline from the Ntorya gas field to the Madimba gas
processing plant (the Pipeline), we understand that:

o  the necessary pipe for the Pipeline has been manufactured and is scheduled
to arrive in Tanzania in late January 2026 with groundwork and pipelaying to
commence thereafter;

o  completion and commissioning of the Pipeline is scheduled for Q3 2026.

 

·    The operator (ARA Petroleum Tanzania (APT)), has provided the
following update on operational activities within the Ntorya development:

o  the contracting process is well advanced for all services required for
bringing the Ntorya-2 well (NT-2) into production, in line with the
commissioning of the Pipeline, with the award of the principal contract
expected in January 2026;

o  the procurement process for the contracting of a drilling rig and
associated services for the drilling of the Chikumbi-1 well (CH-1) and
workover of the Ntorya-1 well (NT-1) continues.  All tenders have been
received and APT is currently evaluating the tenders;

o  all necessary casings, tubulars and wellheads required for the drilling of
CH-1 and workover of NT-1 are on site in Ntorya;

o  the contract for civil works in and around the Ntorya development has been
awarded to a local construction company to carry out the following works:

§ well pad preparation for CH-1 including access road;

§ well pad rehabilitation for NT-1 and NT-2:

§ converting the original Ntorya-3 well site to the Ntorya Gas Field Base;
and

§ preparation of the site for all upstream production facilities and
ancillary access roads.

The works under this contract are scheduled to commence in January 2026.

·    The work programme and budget for 2026, prepared by APT, has been
approved by the Tanzanian authorities. The total budget for 2026 is over $50
million and includes all of the activities set out above.

 

Charles Santos, Executive Chairman of Aminex, commented:

"I'm very pleased to say that the Ntorya gas development is progressing well
and on track for first gas next year. Clearly, 2026 will mark the start of an
exciting new chapter for Aminex and the beginning of a new era for Tanzania's
energy security and energy transition.

I have just spent a few highly productive days in Dar es Salaam, meeting APT
as well as government and energy officials to discuss our plans in Tanzania
for the next year. Tanzania is on the cusp of a gas revival which will fuel
industrial and economic development while helping to improve Tanzanians'
living standards. We're very excited to be part of that story and look forward
to continuing our close collaboration with the Ministry of Energy, the
Tanzania Petroleum Development Corporation (TPDC), the Petroleum Upstream
Regulatory Authority (PURA) and of course Ntorya's operator, APT."

 For further information:

 Aminex PLC                            +44 203 355 9909
 Charles Santos, Executive Chairman

 Knights Media & Public Relations      +44 203 653 0200
 Jason Knights, Sabina Zawadzki

 Davy                                  +353 1 679 6363
 Brian Garrahy

 Shard Capital                         +44 20 7186 9952
 Damon Heath

 Axis Capital Markets                  +44 203 026 0320
 Richard Hutchison

Notes to Editors:

The Ntorya Development Licence area lies adjacent to a region containing
supergiant world-class LNG projects, extending from offshore Tanzania into
Mozambique waters to the south. The JV partners intend to produce Ntorya gas
into the growing domestic gas market, helping to alleviate energy poverty and
boost the energy transition in Tanzania.

Aminex, with a 25% non-operated interest, is carried throughout the ongoing
work programme to a maximum gross capital expenditure of $140 million ($35
million net to Aminex). The carry is expected to see the Company through to
the commencement of commercial gas production from the Ntorya field at zero
cost to the Company.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFITFFLDLIE



            Copyright 2019 Regulatory News Service, all rights reserved