Aminex has completed its farm out of the Ruvuma licence to ARA Petroleum Tanzania, completing a process that began in mid-2018. The company’s Ndovu Resources subsidiary has transferred a 50% stake to ARA and the operatorship of the Tanzanian area.

“We are delighted to finally complete the farm-out and hand over operatorship of the Ruvuma PSA to ARA. Aminex and Ndovu stand ready to provide all reasonable assistance to ARA to help them in this regard and beyond,” said Aminex’s CEO Robert Ambrose.

“We are also extremely grateful to ARA Petroleum for its support over the past 12 months and look forward to the work programme progressing.”

Click on the link below for full report

Source: EnergyVoice