Aminex PLC, the oil and gas company listed in London and Dublin, announced 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 15 November 2005, and the relevant Concession Agreement will be executed shortly. Exploration activities are planned to commence as soon as practicable.
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