Aminex PLC Ruvuma Farm-Out -- Government Approval Received (8183B)
October 12 2020 - 8:42AM
UK Regulatory
TIDMAEX
RNS Number : 8183B
Aminex PLC
12 October 2020
12 October 2020
Aminex plc
("Aminex" or "the Company")
Ruvuma Farm-Out - Government Approval Received
Aminex is delighted to announce that its wholly owned
subsidiary, Ndovu Resources Limited, has received approval from the
Tanzanian Government for the transfer of a 50% interest in, and
operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited
("APT"). With receipt of such approval, the Company anticipates
completion of the Farm-Out within the next few days.
Robert Ambrose, Chief Executive of Aminex commented:
"We are delighted to finally receive Government approval of the
Farm-Out and would like to thank all agencies of the Tanzanian
Government that were involved in the process. We would also like to
thank ARA Petroleum for its invaluable assistance and support in
securing Government approval of the Farm-Out and in advancing $5m
to the Company over the past 12 months. We now look forward to
completing the transaction within the next few days and handing
operatorship over to APT."
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 20 3198 8415
Robert Ambrose, CEO
Davy +353 1 679 6363
Brian Garrahy
Camarco +44 20 3781 8331
Billy Clegg / James Crothers / Daniel Sherwen
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