StockMarketWire.com - Aminex has received a further payment from Tanzania Petroleum Development Corporation for Kiliwani gas sales.

The company said it continued to work with TPDC to bring arrears fully up to date.

Aminex said it had a strong balance sheet and was a debt-free gas producer and production from the Kiliwani North 1 well continued to average 15 MMcf/d during 2017.

An update said: "In the Ruvuma area the company is fully engaged on its updated basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers.

"A gas development plan is being prepared by io oil & gas consultancy.

"These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September."

Aminex said it was also re-evaluating existing data over its licence interests around Songo Songo Island to identify further drilling targets which could ultimately produce additional gas into the Songo Songo Island processing plant.

The company also said its new mobile-friendly website had been launched today and this could be accessed at www.aminex-plc.com.


At 9:45am: [LON:AEX] Aminex PLC share price was -0.13p at 2.85p



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