Aminex sells stake in Tanzanian licence to Solo Oil
Oil and gas explorer Aminex is selling a 3.8% interest in the Kiliwani North Development licence in Tanzania to Solo Oil for $2.16m (£1.49m), the company announced on Thursday.
Aminex (CDI)
1.50p
16:55 23/09/24
0.00%
0.00p
FTSE AIM All-Share
744.32
17:04 23/09/24
n/a
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Oil & Gas Producers
8,249.04
16:49 23/09/24
0.57%
47.15
Scirocco Energy
0.25p
16:35 16/05/24
0.00%
0.00p
Solo’s stake in the licence will increase to 10% following the completion of the deal. Aminex will remain the majority owner with a 51.75% holding.
Solo had an option to acquire an additional 6.175% interest under a previous agreement with Aminex. The remaining entitlement under the option will expire following the transaction.