Aminex Corp, the London listed junior who is a leading gas producer in Tanzania, has revealed discussions with Eclipse Investments regarding a possible farm out of part of its interest in the Ntorya Appraisal Area.
Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is Aminex’ largest shareholder. The Zubair Corporation is one of Oman’s leading business groups.
Any farm-out would be subject to Tanzanian Government, shareholder and certain other approvals. There is no guarantee that a transaction will be completed. Shareholders will be updated when appropriate, Aminex said in a press release.