Sunday October 25, 2020

Proposed sale of Aminex gas assets to Bowleven falls through

Aminex said the two firms could not agree on a forward work programme

1st February, 2016
Production is expected to start in mid-February at the Kiliwani North-1 gas field in Tanzania

Aminex said its proposed sale of gas assets in Tanzania to UK exploration group Bowleven will not now proceed following the failure of the two firms to reach agreement on a forward work programme.

The two companies agreed a deal in December that would see Bowleven acquire a 25 per cent interest in the Kiliwani North licence and a 50 per cent interest in Ruvuma in Tanzania from Aminex in return for a cash and...

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