...it's all about the petroleum field in Tanzania.

Aminex reported a loss of $0.61 million for the six months ended 30 June 2015 – updated Tanzania operations

Aminex has announced its half-yearly report for the six months ended 30 June 2015 and provided an update on its operations in Tanzania. The loss for the period was $0.61 million compared with $4.74 million for the six month period ended 30 June 2014.

HIGHLIGHTS: 

FINANCIAL

$2.45 million (net of expenses) equity issue successfully completed
Completion of sale of 6.5% interest in Kiliwani North Development Licence for $3.5 million to Solo Oil plc
Corporate loan facility extended until 31 January 2016
Loss for period $606,000 (2014: $4.74 million)
Ongoing discussions with financial institution for provision of development capital for Ruvuma and restructuring current debt facility 

OPERATIONAL

Competent Persons Report assigns 98 BCF gross (70 BCF net) Contingent Resources to Kiliwani North-1 and Ntorya-1
Gas Sales Agreement expected to be signed with first gas from Kiliwani North in Q3 2015 
Ongoing planning for Ntorya-2 and Ntorya-3 appraisal drilling to deliver near term revenues
Nyuni Area PSA work programme varied and deferral of drilling obligations approved by Ministry of Energy and Mines
Sale of Egyptian interest into a royalty position in August 2015 

Aminex CEO Jay Bhattacherjee commented: 

‘Aminex is looking forward to first gas production from Kiliwani North within the current quarter in line with the timetable issued by the Tanzanian authorities following the commencement of production into the new main gas pipeline in the south of the country. The signing of the Kiliwani North Gas Sales Agreement, expected in the near future, should also assist the acceleration of the Company’s other activities, particularly appraisal drilling at Ntorya. Your Board believes that the steps we are taking will be significant for the growth of the Company and underline its strategy to focus on key assets in Tanzania, ever seeking new production and development opportunities. We are grateful for the continuing support of our shareholders and we look forward to providing positive updates in due course.’

Comment
Updated: September 9, 2015 — 5:51 PM

31 Comments

Add a Comment
  1. I just want to say I am just new to blogs and really enjoyed your website. Probably I’m planning to bookmark your site . You definitely have good writings. Cheers for sharing with us your blog site.

  2. It’s difficult to find knowledgeable people for this topic, however, you could be seen as there’s more you are dealing with! Thanks

  3. I actually wanted to write down a simple message so as to appreciate you for those precious information you are placing on this website. My considerable internet look up has at the end of the day been compensated with professional content to exchange with my neighbours. I ‘d repeat that most of us visitors are really fortunate to exist in a magnificent place with many perfect individuals with interesting tips. I feel pretty blessed to have seen the webpage and look forward to tons of more pleasurable moments reading here. Thank you once more for all the details.

  4. I am really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it’s rare to see a nice blog like this one these days..

  5. Undeniably believe that which you stated. Your favorite justification appeared to be on the internet the simplest thing to be aware of. I say to you, I certainly get annoyed while people think about worries that they plainly do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks

  6. I and my friends were checking out the good ideas on your website and then at once developed a horrible feeling I never expressed respect to the web site owner for them. These young boys happened to be certainly warmed to learn all of them and now have unquestionably been enjoying these things. We appreciate you simply being so helpful and then for pick out some essential information most people are really desirous to know about. Our own sincere apologies for not expressing gratitude to you sooner.

  7. Sorry for the substantial critique, however I’m truly loving the fresh Zune, and count on this, as properly as the Wonderful reviews some other All those have published, will assistance yourself decide if it’s the specifically conclusion for your self.

  8. The new Zune browser is remarkably very good, nonetheless not as superior as the iPod’s. It is effective perfectly, but isn’t as fast as Safari, and consists of a clunkier interface. If oneself often system upon taking the website browser which is not an issue, however if you’re planning to read through the internet alot versus your PMP then the iPod’s greater screen and much better browser could possibly be substantial.

  9. Hello my friend! I wish to say that this article is awesome, nice written and include almost all vital infos. I would like to see more posts like this .

  10. Hi would you mind stating which blog platform you’re using? I’m planning to start my own blog soon but I’m having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!

  11. Great website! I am loving it!! Will come back again. I am taking your feeds also

  12. I am very happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this best doc.

  13. Simply want to say your article is as surprising. The clearness in your post is just great and i can assume you’re an expert on this subject. Well with your permission allow me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please carry on the enjoyable work.

  14. In between me and my partner we’ve owned extra MP3 avid gamers previously mentioned the years than I can rely, which includes Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, and many others. But, the previous several decades I’ve resolved down in direction of a person line of players. Why? Simply because I was delighted in direction of examine how well-designed and pleasurable to employ the service of the underappreciated (and widely mocked) Zunes are.

  15. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove people from that service? Thanks!

  16. Terrific paintings! That is the kind of information that are supposed to be shared around the net. Disgrace on Google for not positioning this submit higher! Come on over and seek advice from my web site . Thank you =)

  17. Thank you a lot for giving everyone an exceptionally wonderful possiblity to discover important secrets from this site. It really is so nice plus jam-packed with a good time for me personally and my office colleagues to visit your site no less than 3 times per week to study the new guides you have. Of course, I am also certainly impressed with your remarkable guidelines you serve. Selected 3 points on this page are in reality the most suitable I have had.

  18. Dead composed content, regards for entropy. “The last time I saw him he was walking down Lover’s Lane holding his own hand.” by Fred Allen.

  19. Zune and iPod: Maximum people today examine the Zune in direction of the Touch, nevertheless immediately after observing how thin and surprisingly very low and gentle it is, I attempt it to be a as a substitute unique hybrid that combines traits of each the Contact and the Nano. It truly is very colorful and stunning OLED show is marginally smaller than the contact screen, however the player by itself feels Really a bit more compact and lighter. It weighs relating to 2/3 as a great deal, and is drastically lesser in width and peak, while getting only a hair thicker.

  20. Just desire to say your article is as surprising. The clearness in your post is just nice and i could assume you are an expert on this subject. Fine with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please continue the gratifying work.

  21. I was just seeking this information for a while. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what’s the lack of Google strategy that do not rank this type of informative web sites in top of the list. Usually the top web sites are full of garbage.

  22. I really appreciate this post. I¡¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again

  23. hi!,I love your writing so so much! percentage we keep up a correspondence extra about your article on AOL? I require an expert in this space to unravel my problem. May be that’s you! Looking ahead to see you.

  24. This is really interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your excellent post. Also, I have shared your website in my social networks!

  25. Apple presently contains Rhapsody as an app, which is a superior commence, but it is already hampered by way of the incapability toward retailer domestically on your iPod, and includes a dismal 64kbps bit rate. If this changes, then it will relatively negate this usefulness for the Zune, nevertheless the Ten music for each thirty day period will nevertheless be a big additionally inside of Zune Pass’ like.

  26. Amongst me and my husband we’ve owned much more MP3 gamers in excess of the years than I can rely, like Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etcetera. But, the final number of many years I have fixed down to one particular line of gamers. Why? Because I was pleased towards check out how well-designed and exciting in the direction of use the underappreciated (and commonly mocked) Zunes are.

  27. The fresh Zune browser is astonishingly Great, nonetheless not as superior as the iPod’s. It functions very well, nonetheless is not as immediate as Safari, and consists of a clunkier interface. If your self sometimes software upon applying the website browser that’s not an issue, still if you might be designing to read the website alot against your PMP then the iPod’s more substantial display screen and improved browser could possibly be significant.

  28. Thanks for writing this awesome article. I’m a long time reader but I’ve never been compelled to leave a comment. I subscribed to your blog and shared this on my Twitter. Thanks again for a great article!

  29. Zune and iPod: Optimum Those review the Zune in the direction of the Touch, but soon after watching how thin and surprisingly tiny and mild it is, I just take it in direction of be a really unique hybrid that combines properties of either the Contact and the Nano. It truly is very vibrant and magnificent OLED exhibit is a little bit smaller than the contact screen, however the participant alone feels rather a little bit more compact and lighter. It weighs concerning 2/3 as a great deal, and is appreciably smaller within width and peak, whilst becoming basically a hair thicker.

  30. This is taking a bit further subjective, yet I substantially favor the Zune Industry. The interface is colorful, includes more aptitude, and some cool attributes such as ‘Mixview’ that allow for yourself suddenly look at equivalent albums, music, or other customers comparable towards what you happen to be listening to. Clicking upon a single of all those will centre upon that solution, and one more fastened of “neighbors” will appear into feeling, allowing for you in the direction of navigate in close proximity to exploring by way of comparable artists, tunes, or buyers. Chatting of buyers, the Zune “Social” is also superior entertaining, allowing for on your own discover many others with shared preferences and turning into good friends with them. Yourself then can pay attention to a playlist crafted primarily based on an amalgamation of what all your buddies are listening in direction of, which is moreover thrilling. All those worried with privacy will be relieved toward comprehend yourself can stay away from the community from watching your specific listening patterns if by yourself thus determine.

Leave a Reply

Your email address will not be published.

Time limit is exhausted. Please reload CAPTCHA.

Tanzania Petroleum © 2016-2017.