AEX Aminex Plc

10 May 2024

AMINEX PLC

 ("Aminex" or "the Company")

Update on Ntorya to Madimba Pipeline

Aminex, the oil and gas exploration and development company focused on Tanzania, is pleased to announce that during a recent operations meeting in Muscat, Oman with ARA Petroleum Tanzania (APT) and Aminex, the Tanzania Petroleum Development Corporation (TPDC) updated the joint venture partners on its progress to construct a pipeline spur from Ntorya to the Madimba gas processing plant (the Pipeline). The TPDC told Aminex and APT that: 

●     It has acquired the land required for the Pipeline.

●     It has completed all front-end engineering and design works required for the construction of a 35km pipeline to connect to the TPDC's existing processing and transmission infrastructure at Madimba.

●     It is in the process of completing the necessary Environmental Impact Study in relation to the construction of the Pipeline.

●     It expects to issue a tender for the construction of the Pipeline in July 2024.

The TPDC is responsible for the Pipeline's construction. At the meeting with Aminex and ARA, it reiterated its, and the Tanzanian Government's, firm commitment to achieving first gas as soon as possible, with a deadline of no later than mid-2025. 

Charles Santos, Executive Chairman of Aminex commented:

"We are very appreciative of the TPDC's update on the Pipeline, the construction of which is a critical milestone in bringing Ntorya gas to the people of Tanzania. We wish to note the professionalism and commitment of the TPDC and highlight the importance the Tanzanian Government attaches to completing the Pipeline as soon as possible. This commitment is rooted in Ntorya's importance in helping to relieve energy poverty and improve energy security for the people of Tanzania. Although this construction is outside our control, we will endeavour to keep shareholders updated as we receive information from the TPDC as construction proceeds".