Aminex jumps 24% as Ntorya targets first gas in December

Energy Oil & Gas Written by: Ephrem Joseph 08:31 Wed 02 Sep 2026 --> Proactive has a commercial relationship with Aminex PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Aminex PLC ( LSE:AEX ) View Price & Profile Aminex jumps 24% as Ntorya targets first gas in December Published: 08:31 02 Sep 2026 BST Aminex PLC (LSE:AEX) shares jumped almost 24% to 1.95p after the company's revised implementation programme had been agreed for the Ntorya gas development in Tanzania, targeting first production in December 2026. The shares were up 23.8% from their previous close of 1.58p. The agreement followed a meeting convened by Tanzania’s Ministry of Energy involving the government, regulators, Tanzania Petroleum Development Corporation, operator ARA Petroleum Tanzania and Aminex subsidiary Ndovu Resources. Under the revised timetable, the NT-1 well will be worked over in October, NT-2 tested in November and a newly planned NT-Central well drilled in December. First gas from NT-1 and NT-2 is targeted for December, with the Ntorya-to-Madimba pipeline expected to be ready to receive production at that time. The Chikumbi-1 well will subsequently be drilled after NT-Central. ARA had proposed delaying parts of the programme and bringing NT-Central forward in place of Chikumbi-1, but the Tanzanian government did not approve an extension to the project timetable. The revised plan instead provides for both wells to be drilled. ARA also confirmed it has the funding required to complete the revised development programme. Aminex said the agreement represented “important progress” towards resolving issues behind the notice of dispute announced on 21 August. Executive chairman Charles Santos said: “Our focus now is on working together to implement the agreed programme and deliver first gas without further delay. “The revised implementation programme establishes clear near-term operational milestones, targets first gas for December 2026 and provides for the drilling of a newly planned well, NT-Central, while ensuring that the CH-1 well is also drilled.” Continue reading