Aminex secures another six month loan extension

Dublin-listed oil and gas firm Aminex has secured a further six month extension for the repayment of its $7.6 million corporate loan facility to allow it to continue work at its Kiliwani North gas field in Tanzania.

The group now has until July 31st to repay the loan.

Aminex previously secured a six month extension for the facility in June.

The extension is intended to provide flexibility during the commissioning and testing phase of the Kiliwani North gas field.

Aminex also said on Monday that negotiations over a gas sales agreement have now been completed and submitted to the Tanzanian Attorney General for final approval.

Final well maintenance work is currently in progress to bring Kiliwanie North-1 on stream, the group said.