'Aminex has raised its stake by 10% in the the 40 million cubic feet per day Kiliwani North discovery through a deal with East African Exploration (EAX).
The deal covers an exchange of Aminex’s 25% interest in L17 and 18 in Kenya for EAX’s 10% stake in Tanzania’s Nyuni licence.
Aminex will pay EAX $1 million. The London based explorer has invested about $700,000 in Kenya on a cost-recovery basis.'
http://www.upstreamonline.com/live/article187599.ece
Good to see the British based operator Aminex so confident in Nyuni, ready to swap Kenyan assets for Tanzanian ones. BUY has 5% stake in this deal.
tanzania gas commercialisation discussions, page-7
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