REG - Aminex PLC - Ruvuma PSA

AminexAnnouncement

13/07/2022 16:30

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RNS Number : 3928S  Aminex PLC  13 July 2022

13 July 2022

 

Aminex plc

("Aminex" or "the Company")

 

Ruvuma PSA

Aminex notes yesterday's announcement from Scirocco Energy plc ("Scirocco")
announcing (a) the exercise by ARA Petroleum Tanzania Limited ("APT") of its
pre-emption rights with regards to Scirocco's proposed divestment of the
Ruvuma asset ("Ruvuma") to Wentworth Resources plc and (b) the receipt of a
letter from the Tanzania Petroleum Development Corporation ("TPDC") stating
that the TPDC is considering exercising its statutory rights of first refusal
in relation to Ruvuma.

The Company is very pleased that the operator of Ruvuma, APT, wishes to
increase its participating interest in Ruvuma and that the TPDC is interested
in having a participating interest in the asset, both confirming our long-held
conviction in the quality of the Ruvuma asset. The Company's wholly owned
subsidiary, Ndovu Resources Limited, does not intend to exercise its
pre-emption rights under the Ruvuma joint operating agreement.

Charlie Santos, Executive Chairman of Aminex commented:

"We are delighted that there is so much interest in Ruvuma, signifying the
importance of the development of this major asset to Tanzania."

 

 For further information:

 Aminex PLC                          +44 20 3355 9909
 Charles Santos, Executive Chairman

 Davy                                +353 1 679 6363
 Brian Garrahy

 Shard Capital Partners              +44 20 7186 9952
 Damon Heath

 

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