A week after announcing the departure of chief executive Stuard Detmer, Aminex (AEX) revealed that it has extended the deadline for the receipt of bids for the farm-out of the Ruvuma Production Sharing Contract (PSC) at "the request of several interested parties".
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Aminex and its venture partner Solo Oil (SOLO), intend to farm-out half of their respective 75 and 25 per cent holdings in the PSC, with the new partner obliged to stump up the bulk of costs for a work programme including seismic analysis and two exploration wells. The partners are also aiming to recover some of their past costs through the deal.
