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EPIC: AEX
Market: LSE:AEX
52-week High/Low: 5.23p / 2.05p
Sector: Energy
Market Cap: 78.33M
Aminex plc (LON:AEX)

Aminex plc

Aminex is a producing, Africa-focused oil and gas company, listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. Aminex has a world class asset base with proven reserves and a route to monetisation for all its assets.

Aminex plc

www.aminex-plc.com

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Big picture - Why invest in Aminex plc


Aminex plc Snapshot

Tanzania

  • Aminex  operate in Tanzania through its 100% owned subsidiary Ndovu Resources Limited
  • Aminex/Ndovu is the operator of its 3 Licences in Tanzania:
  • Kiliwani North Development licence (65% WI)
  • Ruvuma Exploration Licence (75% WI)
  • Nyuni Exploration Licence (70% WI)
  • Infrastructures and facilities are being improved in Tanzania with:
  • a 542km long (784 MMCFD) Pipeline from Dar es Salaam to the South of the country under construction
  • 2 new gas plants (Songo Songo and Madimba)
  • All discoveries have route to commercialisation through the main pipeline

Ruvuma

The 3,447 km2 Ruvuma PSA is located in southern Tanzania within the highly prolific Ruvuma Basin where it has reported that more than 160 TCF* of gas has been discovered in recent years.

​Aminex operates with 75% working interest through its wholly owned subsidiary Ndovu Resources Limited.

Likonde-1​ - 2009 

  • Tullow Operator (Aminex 37.5% W.I.)
  • Total Depth: 3,647m MD
  • Discovered gas and proved onshore hydrocarbon potential in the basin

Ntorya-1​ - 2012

  • Aminex Operator
  • Tested gas @ 20 MMcf/d
  • Total Depth: 3,150m MD
  • Commercial gas discovery

 

Ntorya-2 - 2017

  • Aminex Operator
  • Tested gas @ 17 MMcf/d stabilized
  • Total Depth: 2,795m MD
  • Ntorya-2 success increased resources of the Ntorya appraisal area significantly

 

Kiliwani North

 

A key asset in the Aminex portfolio; production from Kiliwani North commenced in April 2016 and represents first production for the Company in Tanzania. The well was used to commission the new TPDC operated Songo Songo Island processing facility which feeds into the major Tanzania pipeline. The field is adjacent to the Songo Songo Field which has been onstream since 2004. Kiliwani North-1 was a vertical well drilled from the Songo Songo island and encountered gas in Neocomain aged sandstone.

Aminex operates with 57.4474% working interest through its wholly owned subsidiary Ndovu Resources Limited.

Kiliwani-1 - 2008

  • Aminex Operator
  • Total Depth: 2,570m MD

 

Kiliwani North - 1 - 2008

  • Aminex Operator
  • 2016 Average production: 15MMcf/d​
  • Gas sold at wellhead at $3.0/MMBTU
  • Total Depth: 2,030m
  • Gas sales agreement signed 31st December 2015

 

 

Nyuni

The 840km2 Nyuni Area PSA is located in the offshore regions surrounding the Kiliwani North Development Licence. The block lies updip from the large Chewa and Pweza deep water discoveries. There are two main clastic plays across this area, the Neocomian sandstone analogous to the Songo Songo and Kiliwani North field, and the deeper water fan plays deposited throughout the Cretaceous and Tertiary. The water depth in the licence ranges from 10-700m.

Aminex operates with a 93.3333% working interest through its wholly owned subsidiary Ndovu Resources Limited.

Nyuni-1-1A-ST​ - 2004

  • Aminex Operator
  • Total Depth
  • Nyuni-1: 3,682m MD
  • Nyuni-1-1A-ST​: 3,905m MD
  • Oil and gas shows in the Lower Cretaceous

Nyuni-2 - 2011

  • Aminex Operator
  • Total Depth: 3,450 MD
  • Gas shows

 

Egypt

  • 1-percent royalty interest from South Malak

Moldova

  • Contractor's agreement in Valeni Field and Viktorovka Field

 

 

Brian Hall -  Chairman

Brian Hall has managed the Company since 1991, leading it into Russia in 1994 and profitably exiting its main Russian project in 2001. In the 1970s he was a member of the team which developed Argyll, the UK North Sea's first producing oilfield, since which he has worked continuously in the international oil industry. Under his management Aminex has worked in Russia, the USA, Tanzania, Kenya, Egypt, Madagascar, Tunisia and Pakistan. He serves or has served on the boards of five publicly-traded resources companies and has held executive roles in several others. He is a Chartered Accountant. In December 2011 Mr. Hall retired from an executive role in the Company and in February 2012 was co-opted on to the Audit and Remuneration committees. In January 2013, he was asked to resume the role of Executive Chairman as an interim appointment following the departure of the Company's recently appointed CEO. Mr. Hall stepped down from his memberships of the Audit and Remuneration Committees during the period in which he had been exercising executive responsibilities. Mr. Hall has now reverted to a non-executive role following the appointment of a new Chief Executive. In 2012 Mr. Hall joined the board of AIM-listed Great Western Mining Corporation PLC where he is now chairman.

 

 

Jay Bhattacherjee - Chief Executive Officer

Jay Bhattacherjee, a reservoir engineer, has 15 years' experience in the oil and gas industry during which he has worked with Apache, Pengrowth, Scotia Waterous and Longreach Oil & Gas. He was appointed VP Operations at Longreach and was instrumental in its growth and development both technically and commercially which culminated in Longreach successfully becoming listed on the TSX Venture Exchange in Canada. Strategic farm-ins and financings undertaken helped to double Longreachs’ market capitalisation during his time there. Previously he was a member of Apache’s unconventional gas programme team and in another period of his career was integral in expanding Pengrowth through strategic acquisitions and operations optimization. He was a co-founder and Chief Executive at Canyon Oil and Gas Ltd. which was acquired by Aminex in 2014. He holds a B.Sc in Chemical Engineering with Petroleum Engineering from the University of Calgary. He was appointed a Director of Aminex in March 2014.

 

 

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.

 

Max Williams - Executive Director & Company Secretary

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. He also serves as Company Secretary.

 

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.

 

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.

 

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.

 

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
60 Sloane Avenue
London, UK
SW3 3DD
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

Investec Bank PLC, UK

Irish Stockbrokers and Sponsors

Davy, Ireland

 

UK Solicitors

Ashurst, UK

Irish Solicitors

Byrne Wallace, Ireland

Aminex plc Timeline

RNS
July 12 2018
RNS
July 11 2018
Video
January 08 2018

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