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Aminex warns of pressure drop

Although 2017 has started well, interims were marred by news of declines at Aminex’s only producing asset
October 2, 2017

Aminex (AEX) has drifted back onto our radar this year, following some success with the drill-bit at its Ntorya field in southern Tanzania. A second appraisal well was spudded just before Christmas, and completed in March after a week-long test flowed at 17m cubic feet (mmcf) per day, equivalent to 2,800 barrels of oil. Data collected during drilling gave the company sufficient confidence to upgrade its unrisked resource estimate for the Ntorya discovery to 1.3 trillion cubic feet.

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