Aminex PLC 2022 AR2
The report highlights Aminex's transition from an operating to a non-operating business model, notably through its farm-out agreement with ARA Petroleum Tanzania Limited (APT) on the Ruvuma PSA. This strategy de-risks the company's assets, securing a thirty-five million dollar carry for its share of development costs. In 2022, the company completed a 3D seismic survey over the Ntorya gas field, paving the way for accelerated gas production targeted for late 2023. Aminex also continued its cost-reduction efforts, reducing base running costs by nineteen percent compared to 2021, and successfully raised four point two million dollars through an equity placement to secure its financial foundation.
Company: Aminex PLC
Sector: Energy
Country: Ireland
Year: 2022
Type: AR2
Pages: 69
Aminex PLC
Annual Report And Accounts
The report highlights Aminex's transition from an operating to a non-operating business model, notably through its farm-out agreement with ARA Petroleum Tanzania Limited (APT) on the Ruvuma PSA. This strategy de-risks the company's assets, securing a thirty-five million dollar carry for its share of development costs. In 2022, the company completed a 3D seismic survey over the Ntorya gas field, paving the way for accelerated gas production targeted for late 2023. Aminex also continued its cost-reduction efforts, reducing base running costs by nineteen percent compared to 2021, and successfully raised four point two million dollars through an equity placement to secure its financial foundation.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees