Source - LSE Regulatory
RNS Number : 9215R
Aminex PLC
31 October 2023
 

31 October 2023

 

Aminex plc

("Aminex" or "the Company")

 

Kiliwani Operations Update

Aminex notes the following operational update announced by Orca Energy Group Inc. ("Orca") on 30 October 2023 relating to the 3D seismic programme of its subsidiary, PanAfrican Energy Tanzania Limited ("PAET"):

"The third party contractor responsible for the seismic program has suspended operations.  As a result, PAET has issued a breach of contract notice to the contractor. The contractor has failed to remedy the breach under its agreement with PAET. The Company has therefore terminated the contract on October 25, 2023."

We are in the process of discussing the impact of the above information on the proposed acquisition of 3D seismic data over part of the Kiliwani North Development Licence area with Orca and shall provide a further update in due course.

 

For further information:

 


Aminex PLC

+44 203 355 9909

Charles Santos, Executive Chairman




Davy

+353 1 679 6363

Brian Garrahy

 


Shard Capital

+44 20 7186 9952

Damon Heath



 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDBLBDGIUXDGXB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Aminex PLC (AEX)

+0.01p (+1.25%)
delayed 13:26PM