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Aminex PLC

Aminex raises $2.4mln 'to drive operations' and advance Kiliwani gas project

Aminex PLC (LON:AEX) CEO Jay Bhattacherjee tells Proactive London they're intending to pick up the pace of its development of the Kiliwani gas project following a new equity funding which brought in close to $2.4mln.

He says they're aiming to take advantage of depressed market conditions in the oil and gas services industry and expect to bring forward production growth from Kiliwani North as a result of the investment.

Bhattacherjee adds that the capital injection will cover the reprocessing of existing seismic data, the acquisition of new seismic and to support the transition of the Kiliwani South exploration prospect into a ‘drill-ready’ target.

Quick facts: Aminex PLC

Price: £0.01

Market: LSE
Market Cap: £28.28 m
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Aminex PLC looks ahead to Chikumbi drilling and completion of Ruvuma farm-out

Jay Bhattacherjee, chief executive of Aminex PLC (LON:AEX), speaks to Proactive Investors following the release of their 2018 results. Looking to 2019, he says the completion of the Ruvuma farm-out will be a significant milestone for the company and an event which will bring in a further...

on 30/4/19

2 min read

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