Entries by Hussein Boffu

Amnex has Hired Baker Hughes Units For The Notrya 2 Gas Discovery In Tanzania

UK-listed independent Aminex has appointed an adviser to prepare a gas commercialisation study to assist with the development of the Ntorya field onshore southern Tanzania. Io Oil & Gas Consulting (IOGC), a joint venture between GE Baker Hughes and McDermott, will identify gas monetisation options available to Aminex, and its junior partner Solo Oil, including […]

Amnex Is Now Profitable and Full Funded To Drill Notrya- 3 In Tanzania

Aminex plc (LON:AEX) has been receiving some encouragement following re-assessments of the recent Ntorya-2 appraisal well result. Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously. It notes the shares have retreated from 7p since April but […]