Aminex Plc has received formal approval from the Tanzanian Minister of Energy and Minerals to extend the work period of the Nyuni Area production sharing agreement (PSA) for a period of four years.
UK’s Solo Oil has informed Aminex plc, the operator of the Tanzanian Kiliwani North Development Licence (KNDL), that it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL.