Sign up
Oil Capital

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.

 

View full AEX profile View Profile
View All

© oil Capital 2019

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.