Aminex chief: Gas sales agreement ‘imminent’

May 15, 2015, 12:33 PM

Jay Bhattacherjee, the chief executive of Aminex (LON:AEX), says the gas sales agreement in Tanzania is ‘for all intents and purposes complete’, with the signing expected ‘imminently’. It comes as Aminex and joint venture partner Solo Oil (LON:SOLO) unveiled an independent assessment, identifying a potential 4.7 trillion cubic feet (tcf) of gas within the Ruvuma project, onshore Tanzania. Today’s competent person’s report also defined 44 billion cubic feet (bcf) of gas at the Kiliwani North Development Licence, where the partners are currently advancing to first production.