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Aminex CEO says farm-out nearing finish line and is 'tremendously positive' about future

Aminex PLC (LON:AEX) CEO Robert Ambrose tells Proactive London's Andrew Scott they're going 'full speed ahead' getting the Ruvuma farm-out with incoming partner ARA Petroleum closed.

''It'll be hugely significant and particularly in today's environment ... we'll be fully carried for $140mln worth of expenditure which should certainly get us to first gas and really meaningful cashflows''.

Quick facts: Aminex PLC

Price: 0.825 GBX

LSE:AEX
Market: LSE
Market Cap: £31.11 m
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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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