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Aminex agrees disposal of 3.825% interest in Kiliwani North to Solo Oil


Published Feb 12, 2016
Aminex PLC

Aminex PLC has reached an agreement with Solo Oil plc for the disposal of a final 3.825% interest in the Kiliwani North Development Licence for a cash consideration of $2.16 million.

Solo currently holds a 6.175% interest in the KNDL. This has been adjusted following the exercise of a 5% back-in right by the Tanzania Petroleum Development Corporation.

Tags: Aminex PLC, Solo Oil




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