CRH, Glanbia among main movers

Main movers on the ISEQ index of Irish shares included CRH (now trading at €18.10), and Glanbia (€2.58).

In the financials, Bank of Ireland is at €10.52, with Anglo Irish Bank Corp at €12.80.

Meanwhile, oil and gas company Aminex's stock remained unchanged after the announcement of further developments associated with its Nyuni Licence in offshore Tanzania.

Aminex is listed both in Dublin and London.

The Tanzanian government has agreed to deem the recent drilling of the Nyuni-1 well by Aminex and partners as having satisfied the work obligation for the first exploration phase of the Nyuni Licence.

"Aminex is pleased to announce that the Government has therefore agreed to extend the licence into its second exploration phase and is additionally allowing the joint venture until November 30, 2004 to finalise a work programme and complete a re-appraisal of the licence in order to select acreage to be retained in accordance with statutory requirements," the company said in a statement to the markets.

Nyuni-1, the group’s first well on the licence, established the presence of crude oil in an area previously regarded as purely gas-prone and confirmed the prospectivity of the region, providing valuable information about the potential of the permit.

Aminex intends to carry out a further exploration drilling programme within the licence.

Partners in the licence are: Ndovu Resources Ltd 60% (100% subsidiary of Aminex plc); Petrom SA

30% and Bounty Oil & Gas NL 10%.