Aminex upgrades resource estimate for Tanzania assets
Source - SMW
Aminex said that RPS Energy Consultants had completed an analysis of the company's Tanzania asset base, leading to a significant resource upgrade.
The result helped confirm the feasibility of developing the Ntorya gas field for commercial production, the company said.
Results included increasing the Ntorya Pmean gas in place estimate to 1.87 trillion cubic feet, 44% above a previously reported management estimate.
Solo Oil holds a 25% working interest in the Ntorya prospect.
At 2:13pm: (LON:AEX) Aminex PLC share price was +0.33p at 3.4p