Notwithstanding the recovery in oil prices and the general pick up in oil and gas sectors, it remains difficult for smaller participants in the industry to finance and advance frontier asset plays. In that context, the Ruvuma farm-out has achieved on a number of levels. Principally, it moves Aminex closer to a material production stream facilitating the drilling of its other Tanzanian prospects and targets. In this context, the deal is positive for shareholders.
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