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Aminex plc (LON:AEX)

Aminex plc (LON:AEX)


Share Price
1.70 p
Change
-0.05 (-2.86 %)
Market Cap
£61.94 m
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Aminex plc

Aminex PLC is a producing, upstream oil and gas company premium listed on the London Stock Exchange and primary listed on the Irish Stock Exchange (AEX).

EPIC: AEX
Market: LSE:AEX
52-week High/Low: 4.47p / 1.68p
Sector: Energy
Market Cap: 61.94M
Website: aminex-plc.com

Aminex plc

aminex-plc.com

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Big picture - Why invest in Aminex plc


Aminex plc Snapshot

Community

Aminex PLC believes that continuous improvement in the areas of Environment, Community and Safety is fundamental to ongoing sustainability and success.

The Company's good reputation as a corporate citizen has been achieved by:

. Working closely with neighbours and co-occupiers of the land
. Supporting local communities through sponsorship and resources
. Providing public information about environmental, community, health and safety aspects of the business; and
. Encouraging the services of local suppliers where possible

Aminex has strived to foster a lasting and tangible relationship with the local communities and stakeholder groups where it works, and is aware that in addition to regulatory operating approvals, the Company also requires community acceptance to operate and that this acceptance has to be earned.

Aminex is committed to working in an effective and collaborative manner with the local communities that co-exist with its operations.

To achieve this Aminex has and will continue to:

. Establish and maintain positive and meaningful communication with all affected groups
. Consult with the people whose land may be affected by its activities
. Engage with relevant groups on various community projects

Aminex supports local community initiatives where possible. It is a supporter of WA Surgical Mission Tanzania (www.asanterafiki.com) and Australia Tanzania Young Ambassadors (www.youngambassadors.com.au). Aminex also contributes to community projects, such as schools and hospitals.

Health, Safety and Environment Policy

Aminex values the safety and health of all its employees, contractors and the wider community in which it operates.

As standard practise, the Company:

Does not compromise on safety
Complies with legislative requirements
Identifies, assesses and manages environmental health and safety hazards, risks and impacts
Promotes continuous improvement practices within all aspects of the business
Minimises workplace exposure to hazards
Understands and works to meet the expectations of the community
Provides appropriate training to employees and contractors to ensure occupation, health and safety responsibilities are understood.

Environmental Policy

Successful environmental management is dependent on recognising, avoiding and minimising environmental impact. Aminex is aware that protection of the environment requires careful planning and commitment at all levels within the Company. Best environmental practice demands a continuing, integrated process through all phases of a project.

Environmental management is a core business requirement for Aminex, essential to long-term success. Aminex complies with all relevant legislative requirements and commitments applicable to its operations, and where practicable, exceeds these requirements. In addition, Aminex is committed to achieving environmental management standards through continuous improvement of its environmental performance.

The Company is a member of local and regional environmental groups and associations. This allows for up to date information and industry best practices to be readily adopted in all phases of the Group's operations.

Bribery Act

Aminex has strict anti-bribery procedures and policies in place and ensures that its employees observe these at all times in carrying out the Company’s business. All employees and consultants are required to confirm their understanding of the Group’s anti-bribery policy.

Tanzania

. Tanzania Resources

. Ruvuma

. Kiliwani North

. Nyumi
 

Other assets can be found in Egypt and Moldova.

 

 

 

 

 

London
Aminex Petroleum Services Limited
Kings Buildings
16 Smith Square
London, UK
SW1P 3JJ
Tel: +44 (0)20 3198 8415
Email: [email protected]
 


Tanzania
Ndovu Resources Ltd
Plot No. 431, Mahando Street
Msasani Peninsular
PO Box 105589
Dar es Salaam, Tanzania
Tel: +255 (0)22 2600814
Fax: +255 (0)22 2601809

Brian Hall
Chairman


Brian Hall is a Chartered Accountant who has spent a long career in the oil and gas industry, dating back to the early days of the northern North Sea when he was a member of a very small team which developed Argyll, the UK North Sea’s first producing oil field. Subsequently he co-founded a consulting and contracting company which worked on offshore loading and related projects in 28 countries. In 1991 he created Aminex PLC in its present form and achieved a premium listing on the London Exchange in 1995. Aminex has operated wells in the USA, Russia, Pakistan and Tanzania and participated in exploration activities in many parts of the world. He also serves as Chairman of Great Western Mining Corporation PLC.


Jay Bhattacherjee
Executive Director


Jay Bhattacherjee is a Reservoir Engineer with 18 years experience in the upstream oil and gas industry. In the earlier part of his career he worked for Pengrowth, Apache, and the Bank of Nova Scotia. Subsequently he was VP Operations at Longreach Oil and Gas Ltd. and participated in its growth from start-up funded by private capital through to listing on the TSX Venture Exchange and a doubling of its market capitalisation. Prior to becoming CEO at Aminex in late 2013 he was a co-founder of privately-owned Canyon Oil & Gas Ltd. which was later acquired by Aminex. Since joining Aminex he has made substantial progress with the group’s Tanzanian portfolio, bringing the Kiliwani North gas field on-stream and drilling a significant gas appraisal well in the onshore Ruvuma Basin. He has introduced a cornerstone strategic investor, eliminated corporate debt, strengthened the technical team and completed successful equity issues.


Max Williams
Executive Director


Max Williams is a director of the Company and its Chief Financial Officer. He is a Chartered Accountant and joined Aminex from the accounting profession in 1994, progressing through all phases of its financial management, initially in Russia and more recently in the Company’s African ventures. He has overseen the legal and regulatory aspects of numerous equity projects and other financing activities for the Company and is responsible for the Group’s accounting and treasury functions.


Keith Phair
Non-executive Director


Keith Phair has spent the majority of his career with major international banks, with senior global product management positions in capital markets. He holds a MBA from The London Business School and has acted as a capital markets consultant to major companies and pension funds, also advising on strategic issues. He has been an active and engaged investor in various oil and gas exploration companies for many years. He was appointed a Director in October 2009.


Tom Mackay
Non-executive Director


Tom Mackay is a Geologist/Petroleum Engineer with a successful career in petroleum operations, management and financing. With a BSc (Hons) in geology from Durham University, he began his career as a Petroleum Engineer with Shell and subsequently moved on to Clyde Petroleum PLC where he became Manager at Existing Ventures until it was acquired by Gulf Canada in 1997. Since then he has been an active petroleum consultant on acquisition and new venture projects with a wide range of clients, including Petrofac and Enquest. For a period he served as CEO of a private E&P company, Oil Quest, and from 2002-2007 he held senior management positions at Stratic Energy Corporation. He is currently a Partner in Gemini Oil & Gas Advisors LLP which acts as technical and financial advisor to the Gemini Oil & Gas Funds, investing in global appraisal and development projects.


Ola Fjeld
Non-executive Director


Ola Fjeld has 30+ years of diverse industry experience in Norway and internationally. He has worked for large international service companies as well as starting an oil and gas software company VoxelVision. The company was acquired by Schlumberger and the technologies from VoxelVision and GigaViz forms the seismic interpretation parts of the world leading G&G software package Petrel. He is currently the Chief Operating Officer of ARA Petroleum LLC responsible for two subsidiary E&P companies operating in Oman. He holds a Master’s degree from NTNU, Norway.


Sultan Al-Ghaithi
Non-executive Director


Sultan Al-Ghaithi has over 18 years of industry experience and is currently Chief Executive Officer of Ara Petroleum LLC where he is responsible for two subsidiary E&P companies operating in Oman. He is a wellsite engineer by background and has previously worked with Petroleum Development Oman and Weatherford International where he was Country and Area Manager in Oman. He was appointed a Director of Aminex in October 2017.

John Bell
Non-executive Director


John Bell is a Chartered Engineer with over 30 years experience in the energy sector having worked at Vice President or Managing Director level at BP, Statoil AS and Suncor Energy (Syria).

He has spent a large part of his career in the Middle East, as well as time in North Africa, FSU, the Americas, the UK North Sea, Scandinavia & the Caribbean. Mr Bell has a First Class Honours Degree in Engineering from Strathclyde University in Scotland and studied Executive Leadership at Haas Business School, University of Berkeley California. Previous public company directorships include Gulfkeystone Petroleum, Tethys Petroleum and he is currently Managing Director of Gulfsands Petroleum.

Jay Bhattacherjee
Chief Executive Officer

Jay Bhattacherjee is a Reservoir Engineer with 18 years experience in the upstream oil and gas industry. In the earlier part of his career he worked for Pengrowth, Apache, and the Bank of Nova Scotia. Subsequently he was VP Operations at Longreach Oil and Gas Ltd. and participated in its growth from start-up funded by private capital through to listing on the TSX Venture Exchange and a doubling of its market capitalisation. Prior to becoming CEO at Aminex in late 2013 he was a co-founder of privately-owned Canyon Oil & Gas Ltd. which was later acquired by Aminex. Since joining Aminex he has made substantial progress with the group’s Tanzanian portfolio, bringing the Kiliwani North gas field on-stream and drilling a significant gas appraisal well in the onshore Ruvuma Basin. He has introduced a cornerstone strategic investor, eliminated corporate debt, strengthened the technical team and completed successful equity issues.


Max Williams
Chief Financial Officer


Max Williams is a director of the Company and its Chief Financial Officer. He is a Chartered Accountant and joined Aminex from the accounting profession in 1994, progressing through all phases of its financial management, initially in Russia and more recently in the Company’s African ventures. He has overseen the legal and regulatory aspects of numerous equity projects and other financing activities for the Company and is responsible for the Group’s accounting and treasury functions.


Aaron LeBlanc
Chief Operating Officer


Aaron LeBlanc is a Geoscientist with 15 years in oil and gas exploration, development and operations. He has worked in Western Canada, the Former Soviet Union, Europe, North Africa, East Africa, the Middle East and South-east Asia. His early career was spent with Devon Energy Corporation where he was an integral member of the Iron River oilfield development which saw production increase from 3,000 to 30,000 BBLS/d. Prior to joining Aminex he was Vice-President Exploration at Serinus Energy Inc and was a key member of the team that grew their Ukrainian gas production 10-fold through an aggressive drilling programme. As COO at Aminex he is responsible for operations in Tanzania and elsewhere when applicable.

Brian Cassidy
General Counsel / Company Secretary


Brian Cassidy is a Solicitor licensed to practise both English and Scottish law. He has over 20 years' experience in the oil and gas industry, during which time he was based in the UK, Azerbaijan, Singapore, Hong Kong, China and South Korea. Before moving in-house, he held senior roles with Ledingham Chalmers LLP, McGrigors LLP and Clifford Chance LLP. Prior to joining Aminex PLC, he was Head of Legal and Company Secretary at Bowleven plc.

Thierry Murcia
Tanzania Country Manager


Thierry Murcia is Aminex's Country Manager in Tanzania and has been based in Dar es Salaam since 2008. He has an MBA from the University of Western Australia and prior to joining Aminex worked for both Caltex and BP in Australia in a variety of management positions. As well as day to day operational management in-country, he is Aminex's first point of contact with the Tanzanian authorities. He also serves as Honorary Australian Consul in Tanzania and is one of the founders of the Australian Tanzania Society, an NGO registered in Dar es Salaam.

Prosper Victus
General Manager Ndovu Resources Limited


Prosper Victus is a registered engineer and holds a Masters degree from the University of Melbourne, Australia. He is a former Tanzanian government official who served as Assistant Commissioner for Energy in Tanzania between 1992 and 2013, responsible for oil and Gas in the Ministry of Energy and Minerals. His primary functions included regulation of the petroleum sub-sector with emphasis on the promotion of investment, licensing and advising on policy instruments for regulation of the industry. As Head of the Petroleum Section of the Energy Department, he participated in international PSA negotiations. During his career he has also been chairman of the East African Petroleum Conference, the National Fertiliser and Agricultural Chemicals Committee under the Prime Minister’s Office, the National Engineering Company Ltd. and BP(T) Ltd. He has served as a board member of the TPDC and the National Environmental Management Council.

Shareholder Information
 
Issued and fully diluted shares
 
The following information is correct as of June 2017. There are approximately 3.64 billion fully paid ordinary shares in issue and approximately 7,000 registered shareholders.
 
Total shares in issue (AEX)
3,643,458,062
 
Unexercised executive options
143,475,900
 
Fully diluted share capital
3,786,933,062
 
Notified interests:
 
Eclipse Investments LLC
29.9%
 
Majedie Asset Management Limited
9.9%
 
Aminex Board of Directors
2.2%

 

London

Aminex Petroleum Services Limited
Kings Buildings
16 Smith Square
London, UK
SW1P 3JJ
Tel: +44 (0)20 3198 8415
Email: [email protected]
 

Tanzania

Ndovu Resources Ltd
Plot No. 431, Mahando Street
Msasani Peninsular
PO Box 105589
Dar es Salaam, Tanzania
Tel: +255 (0)22 2600814
Fax: +255 (0)22 2601809

 

Registered Office:

6 Northbrook Road, Dublin 6, Ireland

Registered Number:

72399

LSE Ticker:

AEX

ISIN:

IE0003073255

Share Registry:

Computershare, Heron House,
Corrig Road
Sandyford Industrial Estate,
Dublin 18, Ireland
Tel: +3531 216 3100
Fax: +3531 216 3150
e-mail: [email protected]


Public Relations:

Camarco, UK
Tel: +44 20 3757 4980

UK Stockbrokers:

Shore Capital Stockbrokers
Limited, UK

Irish Stockbrokers and Sponsors:

Davy, Ireland

UK Solicitors:

Ashurst, UK


Irish Solicitors:

Byrne Wallace, Ireland

Aminex plc Timeline

RNS
August 29 2018
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August 23 2018
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August 16 2018
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July 17 2018
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July 16 2018
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July 14 2018
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July 14 2018
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July 12 2018
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July 11 2018

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