- Aminex swung into the black in the six months to the end of June with a profit of $1.01m against a loss $2.45m last time.

The company also said it had repaid all of its outstanding corporate debt and was now debt-free and had a cash balance of $6.91m.

Chief executive Jay Bhattacherjee said: 'During 2017, Aminex successfully drilled the Ntorya-2 appraisal well, which tested at approximately 17 million cubic feet per day, increased management's estimate of the Pmean unrisked resource estimates for the Ntorya field to approximately 1.3 TCF and submitted a development plan for, together with the application for, a development licence over the Ntorya field.

'The company also repaid all of its outstanding corporate debt so that it is now a debt-free company.

'With this base, the board believes the company is well placed to build on success.'

At 8:16am: [LON:AEX] Aminex PLC share price was -0.11p at 4.09p

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