Aminex Divests Remaining US Assets

Aminex PLC, an independent oil company with exploration and development assets in the emerging hydrocarbon province of East Africa, Wednesday announced that it has launched a marketing program to sell its remaining assets in the United States.

Aminex plans to sell three producing properties: Alta Loma and Weslaco in Texas and Shoats Creek in Louisiana. Aminex has retained Meagher Energy Advisors to market the properties and advise on the sale. The Company is targeting completion of the divestiture by 4Q.

"In its recent IMS Aminex reiterated its commitment to redirect resources towards high impact investments in Africa. Launching the process to sell the remainder of the Company’s US assets is an important step in this direction and follows on from the successful sale of the Somerset Field in March of this year," Aminex Chief Executive Stuard Detmer commented.

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