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Tuesday, December 10, 2013
Aminex’s new senior management is in Tanzania this week meeting with authorities. The meetings revolve around the company’s 2014 work program. Additionally a final draft of the Kiliwani North gas sales agreement (GSA) has been submitted to TPDC for approval. Aminex expects to receive approval for the GSA shortly.
On the company’s Ruvuma PSA area in Tanzania, African Geophysical Services, the recently appointed seismic contractor, is on site working on a new high-density 2D seismic acquisition program of up to 950 km. The objective of the new seismic program is to convert identified leads to drillable prospects ahead of further exploration drilling and to appraise the Ntorya-1 gas discovery, made in 2012, specifically the up-dip portion of the reservoir, prior to appraisal drilling.
Aminex chairman Brian Hall commented: “I am pleased to confirm that the provider of our loan facility has agreed to defer the repayment date of the facility as we work towards an interim financing package. With the management team on the ground in Tanzania, we are progressing the Company’s operations in-country and with the gas sales agreement for Kiliwani North at an advanced stage, commercial gas production in Tanzania becomes a step closer to being realized.”
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