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A glance at some of the day's highlights from the Proactive Investors newswire
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LON:AEX
Aminex PLC is an Africa-focused oil and gas company with near term production, development and high impact exploration. Fully funded to production, and with a new and experienced management team, Aminex has a world class asset base with proven large resource potential and a route to monetisation.
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A glance at some of the day's highlights from the Proactive Investors newswire
The oil explorer announced on 12 July 2018 that the company’s founder Brian Hall will step down as its chairman with effect from that same date and said it had commenced a selection process to appoint a new chairman
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The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
The UK benchmark of leading shares closed down over 24 points at 7,642.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the top stories in the oil and gas sector
“As we reach the point of monetising the first round of core assets, I think it is appropriate that a refreshed team be appointed to take Solo forward into the next phase of its corporate development”
The Africa-focused oil and gas producer said that in exchange for 50% of its working interest in the Ruvuma PSA, Zubair would conduct a minimum work programme
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A glance at some of the day's highlights from the Proactive Investors newswire
Production presently comes from the single-well Kiliwani North field, but, the much larger Ntorya field is on the cusp of development.
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A glance at some of the day's highlights from the Proactive Investors newswire
Aminex - in which Solo holds a 7.55% interest - continues to produce from the Kiliwani North-1 well infrequently and at restricted rates, due to inlet pressure limitations and the presence of fluid build-up within the wellbore
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A glance at some of the day's highlights from the Proactive Investors newswire
Whilst partner Aminex continues to work on a possible farm-out, plans are also advancing for the next phase of appraisal and exploration work on the Ruvuma project area
Whilst discussions with Oman's Zubair Corporation continue, the company continues to progress preparations for its planned programme of work at the Ntorya project
A look at some of the top risers and fallers in London today
The UK blue chip share index finished around 11 points higher at 7,194
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It was another busy week for the oil and gas sector.
The agreement includes up to US$35mln in costs regarding the development of Aminex’s remaining 25% interest in the Ruvuma PSA, which would include the Ntorya project
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
This week the oil and gas sector brought news of new exploration plans, project updates and financial results.
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A glance at some of the day's highlights from the Proactive Investors newswire
The new numbers significantly exceed even the estimates that followed the Ntorya-2 appraisal well success
A look at some of the London market's biggest risers and fallers on Monday
A pending new rig contract is expected to set up new drilling at the Ntorya gas project, and potentially elsewhere onshore Tanzania
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Cancer Research UK was immensely impressed with the company and its technology
Investments and investor services
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
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A glance at some of the day's highlights from the Proactive Investors newswire
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A round-up of the small cap news stories on Monday, November 6.
Aminex will now gather data and consider options to lift production in the future.
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Hurricane Energy, Gulf Keystone and Highlands Natural Resources were among the week's oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
The government of Tanzania has given Petra the go-ahead to resume diamond exports and sales from the Williamson mine.
"We are pleased to report to shareholders a return to profit during the first half of the year,” said Jay Bhattacherjee, Aminex chief executive
FTSE 100 ended in positive territory, having been lower earlier,..
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A look at this week's oil and gas news highlights in the small-cap sector
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A glance at some of the day's highlights from the Proactive Investors newswire
Sports Direct, Barratt Developments, Ryanair and EasyJet were among Wednesday's early market movers.
Aminex today explained that the submission is a ‘key step’ towards securing a development licence and the commercialisation of the Ntorya gas discovery
"Submission of the Ntorya field Development Plan is a major milestone for the company as we progress towards unlocking the value across Ntorya and Ruvuma as a whole,” said Jay Bhattacherjee
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A glance at some of the day's highlights from the Proactive Investors newswire
Aminex's big upgrade comes as Solo seeks to sell at least part, if not all, of its 25% stake in the Ntorya project.
A look at some of the top risers and fallers in London today
The needle moves to 1.3 trillion cubic feet, up from a prior estimate of 466 billion cubic feet
The needle moves to 1.3 trillion cubic feet, up from a prior estimate of 466 billion cubic feet.
A look at some of the biggest risers and faller in London today ...
LeBlanc, as Aminex's new chief operating officer, will be responsible for all operations in Tanzania and elsewhere.
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
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A glance at some of the stories on the Proactive newswire today
The growing Tanzania-focussed gas business updated on three projects which are at various stages of completion
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A glance at some of the stories on the Proactive newswire today
From Telford to the Thames ... Michelmersh's bricks from its Blockleys plant in Telford will be used on one of London's most iconic structures
Aminex has hired Baker Hughes unit io as it works to fast-track the Ntorya gas field development towards production
Investments and investor services
The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”
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A look at the world of small cap oll and gas news this week
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A glance at some of the stories on the Proactive newswire today
A look at today's biggest risers and fallers in London
Chief executive Jay Bhattacherjee described it as “a major milestone” as the group continues gas sales in Tanzania and advances plans for the next well programme at the Ntorya project.
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
Including Helium One’s Rukwa project; the risked NAV (net asset value) estimate is upgraded to 0.9p/share (from 0.8p/share previously)
The Ntorya-3 appraisal well may be delayed in favour of acquiring another batch of 3D seismic over the licence.
"Ntorya-2 has increased the size of the discovery and de-risked additional prospectivity"
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A look back at the week’s highlighted news for junior oilers
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A glance at some of the stories on the Proactive newswire today
Shares climbed just shy of 15% after Aminex estimated some 466bn cubic feet of gas at the Ntorya project in Tanzania.
A look at the top risers and fallers in London on Monday
New resources numbers are now based on two successful wells at the Ntorya project.
The FTSE 100 closed 150 points, or 2.11% higher, as investors welcomed Macron's result in the first round of France's presidential election
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The new estimates, revealed in a new power point presentation, put the field’s oil-initially-in-place in a range of 1.29bn to 3.03bn barrels
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A glance at some of the stories on the Proactive newswire today
Aminex has options to make money locally before a larger gas field development to feed Tanzania’s national gas network.
The company will submit an application to the Tanzanian authorities for a 25-year development licence.
The index of blue-chip shares succumbed to selling pressure
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A look back at the week’s highlighted news for junior oilers
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A look back at some of the main stories in the junior market this week
we take a closer look at what City analyst have to say about the ‘significant’ Ntorya-2 well result in Tanzania.
The companies says Ntorya-2 represents a better-than-expected result, but, both shares are down almost 20% - here, we take a closer look.
"Ntorya-2, when taken together with the Ntorya-1 discovery well and the mapped seismic features, clearly indicates a gas volume of significant commercial interest,” Neil Ritson said.
Eagerly awaited flow testing results, to determine the commercial merit of the discovery, are due in the coming weeks.
Details of the flow testing results are now anticipated in the coming weeks.
Flow test results could be coming in the next week or two, so says one certain prominent well watcher.
The funds will be used to pay for the company’s share of the well testing programme at the Ntorya development
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A glance at some of the stories on the Proactive newswire today.
Craig Howie, analyst at stockbroker Shore Capital, in a note, said the well result is an excellent outcome that de-risks the project considerably.
Some of the largest share price rises and falls in London at 3.45pm
“These results move us a significant step forward in the commercialisation of the Ntorya discovery," Ritson said.
"We are delighted with the progress of the Ntorya-2 appraisal well, which is ahead of our expectations," says chief executive Jay Bhattacherjee.
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A glance at some of the stories on the Proactive newswire today
The Ntorya-2 well is targeting the same sandstone channel complex as the Ntorya-1 discovery well.
Pre-drill estimates for Lincoln suggested it was host to 250 million ‘recoverable’ barrels of crude. Hurricane says after early analysis that figure looks conservative.
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A glance at some of the stories on the Proactive newswire today