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Aminex extends bidding for Ruvuma farm-in

 

Aminex said it has extended the bidding process for would-be farm-in partners for its onshore gas discovery in Tanzania. The decision was made at the request of “several interested parties” that have already visited the data room to assess Ruvuma’s potential.


 

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Aminex (LON:AEX) said it has extended the bidding process for would-be farm-in partners for its onshore gas discovery in Tanzania.

The decision was made at the request of “several interested parties” that have already visited the data room to assess Ruvuma PSA's potential.

Aminex has 75% of the area, while Solo Oil (LON:SOLO) holds the remainder.

Aminex Chairman, Brian Hall said: "We are very pleased with the strong interest shown in our Ruvuma PSA and have decided to keep the farm-out process open for longer than originally anticipated to accommodate a number of interested parties. I look forward to updating the market in due course."

 


 

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Solo Oil's Neil Ritson on Horse Hill, Ruvuma and plans to refresh the team

Neil Ritson, chairman of Solo Oil PLC (LON:SOLO), discusses with Proactive's Andrew Scott the first batch of production testing results from Horse Hill,  the decision by their partner at Ntorya, Aminex plc (LON:AEX) to farm-out two-thirds of its 75% interest in the project and the...

on 19/7/18

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