Aminex CEO: TPDC investment “great sign of support”

 

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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%.

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.

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