Aminex Plc
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- Aminex PLC is a UK-based oil and gas exploration and production company primarily focused on upstream activities including the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates mainly in Tanzania through its wholly-owned subsidiary Ndovu Resources Limited, holding interests in three key licenses: the Ruvuma Production Sharing Agreement (PSA), the Kiliwani North Development Licence, and the Nyuni Area PSA. Aminex's core products and services encompass producing oil and gas properties; exploration activities targeting new hydrocarbon resources; and oilfield services supporting development and production operations. Geographically, Aminex’s activities are concentrated in East Africa, with a strong strategic emphasis on Tanzanian gas fields. Founded in 1979 and headquartered in Dublin, Ireland, Aminex has recently undergone significant strategic developments that position it for future growth. In 2024 and 2025, the company transitioned from explorer to developer by securing a 25-year Ntorya Development Licence, signing a Gas Sales Agreement with the Tanzania Petroleum Development Corporation (TPDC) to ensure a buyer for the Ntorya gas output, and advancing the construction phase of a critical 30 km pipeline linking the Ntorya gas fields to the Madimba Gas Processing Plant. Aminex also completed a $3 million funding facility agreement with Eclipse Investments LLC and ARA Petroleum to support its operations through to gas revenue generation, targeted for mid-2026. The company is executing a phased development plan at Ntorya, anticipating a significant long-term gas production plateau with up to 14 new wells over the next decade to potentially double production capacity from initial projections. These developments reflect Aminex’s strategic focus on delivering on commercial milestones and expanding gas production capacity to meet East Africa's growing energy demand. Aminex’s operating segments include Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services, supported by its subsidiaries Aminex Petroleum Services Limited, Tanzoil N.L., and Osceola Hydrocarbons PLC. The company leverages strong local relationships with Tanzanian national oil entities including TPDC and the Petroleum Upstream Regulatory Authority (PURA), facilitating regulatory approvals and project execution. Aminex’s asset portfolio is built on substantial contingent resources enhanced by recent 3D seismic surveys and ongoing exploration efforts, with a stated focus on growth opportunities both within and beyond Tanzania. Its latest corporate activity includes a strategic equity placing to fund the company through the critical phase leading to Ntorya revenue production, reflecting its commitment to operational and financial milestones crucial to its development trajectory. Overall, Aminex PLC stands as a focused upstream oil and gas company with proven production capabilities, strategic development projects in Tanzania centered on gas monetization, and a clear path to revenue generation from its Ntorya asset, backed by recent funding and solid stakeholder engagement in the East African energy sector. The company maintains its headquarters in Dublin and continues to seek growth both organically and through potential acquisitions or partnerships aligned with its production-led strategy.
Company News
Aminex jumps 24% as Ntorya targets first gas in December
Aminex share price jumps 51% on Ntorya gas development talks
Aminex raises nearly £3m in 'strategic' placing, shares dip
Aminex near year high as Tanzania gas project see forward steps
Aminex shares rise as Tanzania support gas project
Scirocco Energy and Aminex well on-schedule in Tanzania
Wentworth Resources strikes deal with Scirocco Energy to join Aminex's Tanzania project
Aminex makes progress as start of seismic programme nears
Aminex 'delighted' as Tanzania 3D seismic project advances
Aminex delighted as Tanzania seismic advances
Aminex and Scirocco Energy confirm payments from Tanzania
Aminex looks forward to start of Ruvuma work programme
Aminex to receive US$1.85mln after Tanzania gas settlement
Aminex excited by renewed activity at Tanzania gas project
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