REG - Aminex PLC - Ntorya Operations Update

AminexAnnouncement

03/02/2026 13:45

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RNS Number : 5557R  Aminex PLC  03 February 2026

3 February 2026

 

Aminex plc

 ("Aminex" or "the Company")

 

Ntorya Operations Update

 

Aminex, the oil and gas exploration and development company focused on
Tanzania, is pleased to provide the following update from the operator (ARA
Petroleum Tanzania (APT)), on the Ntorya development:

·    the civil works in and around the Ntorya development began on
schedule at the end of January 2026;

·    various engineering and surveying contracts for the hook-up of the
Ntorya-2 well have been awarded and work has begun, with the award of the
principal contract expected to be made shortly;

·    the procurement process for contracting a drilling rig for the
drilling of the Chikumbi-1 well (CH-1) and workover of the Ntorya-1 well
(NT-1) is well underway, with a shortlist of contractors now finalised.

TPDC has also informed the Company that line pipe for the pipeline from Ntorya
to Madimba is now at the site.

 

Charles Santos, Executive Chairman of Aminex, commented:

"Following the start of the ground clearing along the pipeline route to
Madimba last month, we are very pleased to see that civil, surveying and
engineering work has begun on schedule and that the pipe for the pipeline is
now at the site.  We are extremely pleased with both the Operator and TPDC,
and the Tanzanian authorities who have made this project a top priority. This
is an exciting period for Aminex and our shareholders, as well as all other
stakeholders involved in the development. We will provide further operational
updates soon."

 For further information:

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

 Knights Media & Public Relations      +44 203 653 0200
 Jason Knights, Anthea Pitt

 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.

 

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