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Aminex Plc and Scirocco Energy Plc confirm payments from Tanzania

“We would like to thank the TPDC for the timely payment of the settlement monies and continued support,” said Aminex chair Charlie Santos.

Aminex PLC (LSE:AEX) and Scirocco Energy PLC (AIM:SCIR) have received full payment for past gas sales from the Kiliwani North project, in Tanzania.

The payments were made by the Tanzania Petroleum Development Corporation. Aminex said in a statement it will retain US$1.85mln from the payment after tax and export duties. Scirocco will receive its US$150,000 share of the payments, after tax and duties.

Aminex executive chair Charlie Santos said: “We would like to thank the TPDC for the timely payment of the settlement monies and continued support.”

Tom Reynolds, Scirocco chief executive, added: “We are delighted that resolution of this longstanding issue has been reached and payments have been received. We thank TPDC for their efforts in bringing this to a mutually beneficially conclusion.”

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2021-11-18 01:54:00

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