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Aminex plc ( (GB:AEX) ) has issued an announcement.
Aminex plc has provided an update on the Ntorya gas field development in Tanzania, highlighting significant progress in recent months. The company is on the verge of finalizing an EPC contract for a pipeline connecting the Ntorya gas field to the Madimba gas processing plant, which is a crucial step towards monetizing the field. The updated field development plan anticipates a phased increase in production, supported by additional drilling, and forecasts that capital expenditure requirements will be met through existing arrangements. The Tanzanian government’s support and the project’s potential to enhance the country’s energy infrastructure are emphasized, with expectations for a dynamic year ahead.
More about Aminex plc
Aminex plc is an oil and gas exploration and development company with a focus on Tanzania. The company is involved in the development of the Ntorya gas field, aiming to contribute to the domestic gas market and support Tanzania’s energy transition.
YTD Price Performance: 18.18%
Average Trading Volume: 2,304,135
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £54.85M
For an in-depth examination of AEX stock, go to TipRanks’ Stock Analysis page.