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.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Manager
Expertise: Business Development|Sales
Location: Centennial, CO
 
Project Manager, USA
Expertise: Project Management
Location: United States
 
Financial Analyst - Finance and Investor Relations
Expertise: Accounting|Financial Analyst|Legal
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours