Aminex stock price surges after study identifies Tanzania asset could hold 16 Tcf of gas

Ntorya field resource estimate more than doubles as fresh 3D seismic highlight massive nearby exploration potential.

The stock price of East Africa-focused junior Aminex surged 21.5% in London on Thursday after it revealed that the Ntorya gas discovery onshore Tanzania — in which it has a key stake — could hold 3.45 trillion cubic feet of in-place resource, double the volume previously thought, with the possibility it could be as big as 8 Tcf.

In addition, detailed analysis of fresh seismic data estimates that the Mtwara licence, in which Ntorya is located, could hold an additional 8.5 Tcf of potential in-place resources in a plethora of newly identified prospects.

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