Aminex plc
Tuesday, 03 February 2015
ByrneWallace advised Aminex PLC, dual listed on the Irish and London Stock Exchanges, in relation to the disposal of part of its interest in the Kiliwani North Development Licence to Solo Oil PLC for a total consideration of USD7m. Solo Oil PLC is an AIM listed investment company focussed on the acquisition of exploration and production oil and gas assets. The transaction is conditional on the approval of the Tanzanian authorities. As part of the deal, Solo will have the option to acquire an additional interest in the Licence after a gas sales agreement concerning the licence area has been signed.
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