7 April
("Aminex" or "the Company")
TANZANIA EXPLORATION APPOINTMENT
Aminex PLC ("Aminex" or the "Company") is pleased to announce that Mr. Bernard Andre has joined the Company as an Exploration Advisor. In addition to having over 40 years' experience with Exxon, Repsol and Total as a Geophysicist and Asset Advisor, Mr. Andre worked with Cove Energy plc as an independent consultant to interpret and evaluate its assets in the Ruvuma Basin through to the eventual sale of Cove for $1.9 billion in 2012. Mr. Andre will begin work immediately on the re-interpretation of existing data over the Company's Ruvuma PSA which includes the Ntorya-1 discovery well (1.2 TCF Pmean GIIP). Subsequently he will interpret the new data that is being acquired as part of an ongoing seismic programme in order to high-grade numerous exploration leads into drill-ready prospects. All discovered gas is expected to be commercialised via the new Processing Plant in Madimba and the 36" pipeline, currently being constructed to Dar es Salaam, which passes through the Company's Ruvuma PSA.
Aminex Chief Executive Officer, Jay Bhattacherjee commented:
"Bernard brings significant technical experience to the Company and we look forward to working with him to unlock the value in the Ruvuma Basin for shareholders."
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For further information:
Aminex +44 (0) 20 7291 3100
Jay Bhattacherjee
Chief Executive
FTI Consulting
Edward Westropp +44 (0) 20 7831 3113
