20th Aug 2007 07:01
Aminex PLC20 August 2007 FOR IMMEDIATE RELEASE 20 August 2007 Aminex PLC ("Aminex" or "the Company") Extension of Licence in Tanzania Aminex PLC, the oil and gas company listed in London and Dublin, announces thegrant of a six-month extension to the current phase of its Nyuni/EastSongo-Songo exploration licence offshore Tanzania. The two well drillingprogramme planned for 2007 was due to be completed by the end of the currentphase in November but has been delayed due to mechanical hold-ups with thecurrent contractor's drilling rig, as previously advised to shareholders. TheTanzanian Minister of Energy and Mines has now granted a formal extension of theGroup's commitment period to 19 May 2008. Commenting on the extension, Aminex Chairman Brian Hall said: "As in the past, the Tanzanian authorities have been extremely helpful andco-operative in resolving an issue which has arisen due to circumstances outsideour control. We are very grateful for their continued support. Subject tounforeseen circumstances, we plan to have completed this drilling programme wellwithin the six month extension period." The Nyuni partners are: Ndovu Resources Ltd. (operator) 39%(wholly-owned by Aminex)Key Petroleum Ltd. 20%RAK Gas Commission 25%East Africa Exploration Ltd. 10%Bounty Oil & Gas Ltd. 6% For further information: Aminex PLCBrian Hall Tel: +44 (0) 20 7291 3100 Pelham Public RelationsArchie Berens Tel: +44 (0) 20 7743 6679 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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