Aminex Receives Presidential Radification of Egyptian License

Aminex reports that President Mubarak has now formally ratified the award of an oil concession covering Block 2 in the onshore West Esh El Mellaha area of Egypt, near the Red Sea coast. The licence has been awarded to Aminex's joint venture company, Aminex Petroleum Egypt Limited. The provisional award of this licence was announced on November 15, 2005, and the relevant Concession Agreement will be executed shortly. Exploration activities are planned to commence as soon as practicable.
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