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Aminex provides Ruvuma farm-out update

Gasoil News - Published on Tue, 26 Mar 2019

Image Source: IPPMEDIA
Aminex announced that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019. The Company and ARA Petroleum Tanzania Limited have made good progress on closing out the conditions precedent, including all joint venture partner approvals, and are actively engaged with the Government of Tanzania to close out the remaining conditions.

The principal conditions still to be met are the extension of the Mtwara Licence and approval by the Tanzanian Government of the transfer of the interest and operatorship. The Company and APT continue to work closely with the Tanzanian authorities to close out these conditions as soon as possible.

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Posted By : Rabi Wangkhem on Tue, 26 Mar 2019
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