Aminex

Ruvuma farm-out secures way forward

  • Sectors : Resource
  • Companies : Aminex

Ratings and price correct at time of issue.

  • Aminex

    Closing Price: 273p

  • RATING 05/08/16

  • PREVIOUS RATING 28/03/13

    NEUTRAL

DAVY VIEW

Notwithstanding the recovery in oil prices and the general pick up in oil and gas sectors, it remains difficult for smaller participants in the industry to finance and advance frontier asset plays. In that context, the Ruvuma farm-out has achieved on a number of levels. Principally, it moves Aminex closer to a material production stream facilitating the drilling of its other Tanzanian prospects and targets. In this context, the deal is positive for shareholders.

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Jul 11 2018, 16:50 IST/BST

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