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Aminex delighted with significant resource upgrade across Tanzania assets

Jay Bhattacherjee, chief executive at Aminex plc (LON:AEX), discusses with Proactive the findings from the latest CPR on their asset base in Tanzania.

Among the highlights is a 44% increase in management estimates for gas initially in place across Ntorya from 1.3 TCF to 1.87 TCF.

The new figure also represents a 12-fold increase over the 2015 CPR.

''It's obviously a big piece of news for us ... we're pretty delighted about the results but more so the work we've put into getting the results''.

''We've been working quite hard at the basin model and based on the drilling of Ntorya-2 and some of the interpretation of the data we've re-created the basin model and it's always nice to have your work verified ... and reinforces that this asset is of national importance''

 

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