East Africa: Aminex ups interest in Nyuni PSA in Tanzania

Aminex PLC is proposing to increase its interest in the Nyuni Production Sharing Agreement offshore Tanzania from 50% to 65% through a farm-in arrangement. Binding heads of agreement have been signed.
Under the terms of the farm-in, Aminex will fund a 20% share in the dry hole cost of the forthcoming Nyuni-2 exploration well in Tanzania in return for assignment to the Company of a 15% interest. 
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Source: Penn Energy