Aminex CEO: TPDC investment “great sign of support”

Jay Bhattacherjee, chief executive of Aminex (LON:AEX), says the Tanzania Petroleum Development Corporation’s (TPDC) backing of the Kiliwani North as a great sign of support for the project.

Speaking to Proactive, Bhattacherjee adds that TPDC’s decisions to take a 5% working interest in the project provides some assurance that a gas sales agreement will soon be reached and production will get underway.

Participants in the KNDL are currently: Ndovu Resources Ltd (Aminex) 58.5% (operator), RAK Gas LLC 25%, Solo Oil 6.5% and Bounty Oil & Gas NL 10%.