The Tanzania Revenue Authority (TRA) has issued a certificate to Aminex, marking another step forward in its work to farm out a stake in the Ruvuma licence.
Aminex has agreed to secure a loan to pay its capital gains tax in Tanzania in order to move its farm-out plans ahead.
Aminex has received an extension to its Mtwara licence, in Tanzania, satisfying one of the remaining conditions of its farm-out agreement with ARA Petroleum Tanzania.
London-based Aminex said today that low reservoir pressure was restriction output from its Kiliwani North-1 well in Tanzania.
UK based upstream oil and gas company Aminex has nearly tripled its resource estimate for the Ruvuma Petroleum Sharing Agreement ("Ruvuma PSA") in Tanzania.
Aminex narrowed its losses in what is chairman hailed a "landmark" year for the firm.
Aminex today confirmed it Ntorya-2 appraisal well in the Ruvuma PSA in Tanzania successfully hit a gas play.
Aminex today confirmed it would spud its Ntorya-2 appraisal well located in Tanzania in the coming days.
Aminex has mobolised the drilling rig for its Nytorya-2 wellsite.
Aminex posted loss of $2,45million for the first half the year.
Aminex has received its first payment for its Kiliwani North-1 well in Tanzania.
Solo Oil said the Mtwara licence which is part of the Ruvuma Production Sharing Agreement (PSA) has been granted a further one year extension.
Aminex's Kiliwani North well has upped its output to 30 mmcf per day, approximately 5,000 barrels of oil equivalent per day, the company today confirmed.
Aminex has secured an extension to its repayment agreement with its lender. The 18-month reprieve comes after the operator struck a number of deals in Tanzania.
Aminex today confirmed it has issued its first invoices for its Kiliwani North Development in Tanzania.
Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
Aminex has sold its 3.825% interest in the Kiliwani North Development Licence in Tanzania to Solo Oil for $2.16million.
Aminex said the Kilwani North-1 well is undergoing final testing ahead of first production.
Aminex today confirmed it had struck a deal with the Tanzanian government ahead first production form its Kiliwani North gas field.
Aminex has netted a six-month reprieve to pay back its corporate loan facility.
Solo Oil has farmed out its interest in the Ruvuma petroleum sharing agreement to help it accelerate two appraisal wells in Tanzania.
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.
Northcote Energy has teamed up with Springer Oil and Gas to buy the US operation of Africa-focused oil and gas exploration and production company Aminex.