Aminex Advances Ntorya Gas Development as Civil Works and Procurement Gather Pace

The latest update is out from Aminex plc ( (GB:AEX) ).

Aminex has reported that civil works for the Ntorya gas development in Tanzania started on schedule at the end of January 2026, with engineering and surveying contracts for the hook-up of the Ntorya-2 well already awarded and work underway. The operator, ARA Petroleum Tanzania, has also advanced the procurement process for a drilling rig to drill the Chikumbi-1 well and work over the Ntorya-1 well, while Tanzania’s national oil company TPDC has delivered line pipe to site for the pipeline linking Ntorya to the Madimba gas processing facility, underscoring the project’s priority status for Tanzanian authorities and marking a significant step toward commercial gas production from the field.

The most recent analyst rating on (GB:AEX) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Aminex plc stock, see the GB:AEX Stock Forecast page.

Spark’s Take on GB:AEX Stock

According to Spark, TipRanks’ AI Analyst, GB:AEX is a Neutral.

The score is held back mainly by weak operating performance and persistent cash burn, despite a comparatively strong low-debt balance sheet. Technicals are supportive with the price above key moving averages and positive MACD, but momentum appears stretched (RSI > 70). Valuation is constrained by a negative P/E that reflects ongoing losses and no stated dividend yield.

To see Spark’s full report on GB:AEX stock, click here.

More about Aminex plc

Aminex plc is an oil and gas exploration and development company focused on Tanzania, holding a 25% non-operated interest in the Ntorya gas field. The company and its joint venture partners aim to supply gas from Ntorya to Tanzania’s growing domestic market, supporting efforts to reduce energy poverty and advance the country’s energy transition, with Aminex carried through up to $140 million of gross capital expenditure to first commercial production at no cost to the company.

Average Trading Volume: 4,480,459

Technical Sentiment Signal: Strong Buy

Current Market Cap: £91.6M

See more insights into AEX stock on TipRanks’ Stock Analysis page.