Source - SMW
Small cap energy play Aminex reported a loss for the six months to 30 June of $2.19m (30 June 2018: loss of $2.36m).

During the period the company completed an equity issue of $2.18m after transaction expenses, reprocessing of 2D seismic over Kiliwani North Development Licence, achieved 20% cost savings on like-for-like gross administrative expenses

The company plans further remedial work for Kiliwani North-1 to stimulate production having achieved no production in the period.

Aminex CEO, Tom Mackay, commented: 'We are encouraged that the delays the Company has experienced over the past eighteen months in being able to pursue our operations programme in Tanzania appear to be finally coming to an end and there is now firm evidence of a gradual unlocking of the approvals processes in country.'


At 9:43am: (LON:AEX) Aminex PLC share price was +0.03p at 1.23p



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