REG - Aminex PLC - Ruvuma Operations Update

AminexAnnouncement

02/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211202:nRSB2667Ua&default-theme=true

RNS Number : 2667U  Aminex PLC  02 December 2021

2 December 2021

 

Aminex plc

("Aminex" or "the Company")

 

Ruvuma Operations Update

 

Further to its announcement on 22 October 2021, Aminex is pleased to announce
that the first phase of the 3D seismic project has commenced on the Ruvuma PSA
in Tanzania.

ARA Petroleum Tanzania Limited ("APT") has confirmed that the seismic
contractor commenced preparatory works as planned on 15 November 2021, has now
established the GPS control points and survey equipment is being calibrated
for ground staking. The Joint Venture expects line clearing and mobilisation
of the camp to commence next week. The contractor is making good progress with
the mobilisation of the necessary equipment with five vibroseis trucks now
ready to be offloaded at the port of Dar es Salaam and the importation of the
receivers is ongoing with the expectation that this will be completed next
week.

The Joint Venture expects the contractor to be fully mobilised and to commence
the survey on 15 December 2021 in line with the expected timetable. The first
phase of seismic survey activity will continue until the weather permits and
commence again once the rains have abated in late Q1 2022.

Charlie Santos, Executive Chairman of Aminex commented:

"We are delighted to provide this update on operations on the ground in
Tanzania. The acquisition of a modern 3D survey over the target area including
the Ntorya discovery is a significant step for the Joint Venture and, tied
with the upcoming well, will further define this important Tanzanian gas
resource."

 

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014, and is disclosed in accordance with the Company's
obligations under Article 17 of those Regulations.

 

 

 For further information:

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

 Davy                                +353 1 679 6363
 Brian Garrahy

 

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  UPDFLFLEFSLLIIL