Aminex extends loan term for a further six months

The exploration group said work is in progress to bring its Tanzanian gas field on stream

21st December, 2015
Aminex said final well maintenance work is in progress to bring Kiliwani North-1 on stream

Aminex said repayment of its corporate loan facility has been extended until July 31, 2016, providing the company with flexibility during the commissioning and testing phase of the Kiliwani North gas field in Tanzania.

Aminex had previously extended the repayment of the $7.6 million loan for six months in June.

In an operational update, the exploration company said its processing plant is now complete and ready for the field to begin commissioning and testing. A gas sales agreement...

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