Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/aminex-receives-a-six-month-extension-loan-extensi.shtmlAminex receives a six month extension loan extension
Aminex has received a six month extension to the repayment of its corporate loan facility to 31 July 2016 has been agreed in principle. The extension will provide the Company
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Aminex has received a six month extension to the repayment of its corporate loan facility to 31 July 2016 has been agreed in principle. The extension will provide the Company with valuable flexibility during the commissioning and testing phase of the Kiliwani North gas field.
Ndovu has reached agreement with the Tanzanian Petroleum Development Corporation on all terms of the GSA, including acceptable payment protection mechanisms for all gas delivered. The agreement has now been forwarded to the Tanzanian Attorney General's office, whose approval is required prior to formal signing of the much-anticipated agreement.
