Aminex announces interim results

Oil and gas company Aminex today announced its interim results for the half year ended June 30, 2004.

Operating loss for the period was $1.29m (€1.04m). Turnover for the first six months of 2004 was $3.1m (€2.5m), $400,000 (€324,000) less than the comparative period.

During the period under review Aminex completed drilling operations on the Nyuni-1 well offshore Tanzania and on the last day of June signed a conditional Petroleum Agreement with the North Korean authorities, closing conditions of which have subsequently been met.

Peter Elwes, chairman of Aminex, said: “Aminex is pursuing its strategy of diversification. The agreement with North Korea is an important development providing the company with access to an under-explored but promising area."

Aminex trades on the Dublin and London stock exchanges.