Oil & Gas

Aminex and Solo close to striking deal


Aminex PLC is set to close its sale with Solo Oil for 13% of its asset in the Kiliwani North Development Licence (KNDL) in Tanzania for $7million. The deal will mark a milestone for Aminex by providing it with the its first revenues from its Tanzanian assets. Both Aminex and Solo Oil have advised shareholders of the plans, and are currently waiting for approval from the Tanzanian authorities.