Aminex
Aminex PLC is a London-listed upstream oil and gas company operating exclusively in Tanzania through its subsidiary Ndovu Resources, developing the Ntorya gas field with first production targeted for September 2026 to supply the Tanzanian energy market.
- Company typePublic
- Founded2002
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Aminex does
Aminex PLC is a London-listed (LSE: AEX) upstream oil and gas company focused exclusively on Tanzania, operating through its wholly-owned subsidiary Ndovu Resources Limited. The company holds interests in three petroleum licences: a 63.83% operated interest in the Kiliwani North Development Licence (KNDL) with partners RAK Gas (27.78%) and Scirocco Energy (8.39%), a 25% non-operated interest in the Ruvuma Production Sharing Agreement (PSA), and a 100% interest in the Nyuni Area PSA. Aminex is a founder of the Ruvuma basin, described as the largest onshore gas project in Tanzania, with 22 years of continuous in-country operational history dating back to its 2002 initial investment.
The company's flagship asset is the Ntorya gas field, where a 35-kilometer pipeline is under construction to connect production to the Madimba gas processing plant. Initial production from three wells is targeted at approximately 60 million cubic feet per day with first gas flow planned for September 2026. The 2026 work program and budget, approved in December 2025 by operator ARA Petroleum Tanzania, exceeds $50 million and covers drilling, workovers, civil works, and pipeline activities. Core technology comprises conventional oil and gas exploration, appraisal, and development methods applied to onshore gas reservoirs. Aminex maintains core relationships with Tanzania Petroleum Development Corporation (TPDC), the national oil company, and the Petroleum Upstream Regulatory Authority (PURA).
Aminex is pre-revenue and reported a $4.98 million loss for 2025 reflecting continued asset impairment and warrant-related losses. In October 2025 the company raised $3.94 million and completed a $1.60 million debt-to-equity conversion with Eclipse Investments LLC, achieving debt-free status ahead of first gas. Market capitalization sits at approximately £95-99 million with a small headcount of 1-10 employees. The revenue model, once Ntorya comes online, is natural gas production and sale to Tanzania's energy market via pipeline infrastructure, with TPDC serving as the key state counterparty. Distribution of securities occurs through the London Stock Exchange, with investor relations conducted via regulatory news releases, financial reports, and analyst coverage.
Aminex firmographics
Firmographics- Name
- Aminex
- Legal name
- Aminex PLC
- Website
- https://aminex-plc.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Aminex PLC is a London-listed upstream oil and gas company operating exclusively in Tanzania through its subsidiary Ndovu Resources, developing the Ntorya gas field with first production targeted for September 2026 to supply the Tanzanian energy market.
- Ownership category
- akta.pro rank
Aminex industry classification
Industry- Product category
- Upstream Oil and Gas
- NAICS
- Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Crude Petroleum Extraction (21112)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)
- akta.pro secondary industries
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)
Keywords
Where Aminex is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Aminex business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D
Revenue model
- Natural Gas Production and Sales: Revenue generated from production and sale of natural gas from operated fields, with initial production from Ntorya field targeting approximately 60 million cubic feet per day from three wells
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Aminex product offering
Product offeringCore offering
Aminex PLC is an upstream oil and gas company focused on natural gas exploration, appraisal, and production in Tanzania. It operates through its wholly-owned subsidiary Ndovu Resources Limited, holding interests in three Tanzanian licences: a 63.83% operated interest in the Kiliwani North Development Licence (KNDL), a 25% non-operated interest in the Ruvuma PSA, and 100% interest in the Nyuni Area PSA. Its flagship asset is the Ntorya gas field, where a 35-kilometre pipeline to the Madimba gas processing plant is under construction, with first gas production targeted for September 2026 at approximately 60 million cubic feet per day from three wells.
Product overview
Aminex PLC is an upstream oil and gas company operating exclusively in Tanzania through its wholly-owned subsidiary Ndovu Resources Limited. The company operates a portfolio of three petroleum licences covering onshore basins, including a 63.83% operated interest in the Kiliwani North Development, a 25% non-operated interest in the Ruvuma PSA, and 100% interest in the Nyuni Area PSA. The flagship asset is the Ntorya gas field, where a 35-kilometre pipeline to the Madimba gas processing plant is under construction for first gas targeted in September 2026. Aminex is listed on the London Stock Exchange (AEX) and is not a software technology platform but a traditional oil and gas exploration and production company.
Differentiator
Problem solved
Functional benefit
Products and services
- Ruvuma PSA
Companies that use Aminex
Customer profileSegments1 record
Ideal customer profiles1 record
Aminex technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Aminex partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- ARA Petroleum TanzaniacoreARA Petroleum Tanzania is the operator of the Ntorya gas project and has received approval for a 2026 work program and budget exceeding $50 million covering drilling, workovers, civil works, and pipeline activities. The company is advancing development activities in alignment with Aminex's production targets.
- RAK GasminorRAK Gas holds 27.78% non-operated participating interest in Kiliwani North Development Licence (KNDL)
- Scirocco EnergyminorScirocco Energy holds 8.39% non-operated participating interest in Kiliwani North Development Licence (KNDL)
- Tanzania Petroleum Development Corporation (TPDC)coreTPDC is Tanzania's national oil company with which Aminex maintains extensive and constructive relationships as part of its operations through Ndovu Resources
- Petroleum Upstream Regulatory Authority (PURA)corePURA is Tanzania's upstream regulator with which Aminex maintains constructive relationships through its subsidiary Ndovu Resources
- Ndovu Resources LimitedcoreWholly-owned subsidiary of Aminex PLC that holds the company's interests in three Tanzanian licences: Ruvuma PSA (25% non-operated), Kiliwani North Development (63.83% operated), and Nyuni Area PSA (100%)
Scale indicators7 records
Recent moves6 records
Expansion highlights3 records
Aminex competitors and assessment
Company assessmentEmerging players
- Tower Resources: Tower Resources is a small-cap UK-listed E&P with Africa-focused assets; comparable to Aminex in size, listing venue (AIM/LSE), and pre-revenue upstream development model.
- Predator Oil & Gas: Predator Oil & Gas is a small UK-listed E&P pursuing gas development in Africa and elsewhere; comparable to Aminex on small-cap UK-listing, upstream gas focus, and single-asset development profile.
- Afentra: Afentra (formerly Sound Energy's Africa upstream business) is an emerging Africa-focused upstream player with onshore and offshore African gas/oil assets; comparable to Aminex on Africa upstream focus and small-cap public profile.
Broad incumbents
- SOCO International: SOCO International is a UK-listed Africa-focused E&P with prior operations spanning multiple African jurisdictions; comparable to Aminex on Africa upstream focus though operating at a materially larger scale.
- Tullow Oil: Tullow Oil is a larger Africa-focused E&P operator with a broad upstream portfolio; comparable to Aminex at the business-model and geographic-focus level, but Tullow operates at much greater scale and across multiple countries and products.
Direct peers
- Orca Exploration Group: Orca Exploration is an Africa-focused upstream gas and power company (historical Tanzania Songas exposure) with a comparable onshore gas E&P profile, similar small-cap public listing structure, and overlap with Aminex's end-market.
- Scirocco Energy: Scirocco Energy holds an 8.39% non-operated interest in KNDL alongside Aminex and is a UK-listed small-cap E&P focused on East African gas — directly comparable in scale, listing, and asset exposure.
- RAK Gas: RAK Gas holds a 27.78% non-operated interest in KNDL alongside Aminex and is a UAE-based upstream participant; directly comparable as a co-investor in the same Tanzanian gas asset.
- ARA Petroleum Tanzania: ARA Petroleum Tanzania is the operator of the Ntorya gas project and Aminex's core development partner; it is directly comparable as a Tanzania-focused upstream operator running the same asset Aminex has a stake in.
- PanAfrican Energy Corporation: PanAfrican Energy operates the Songo Songo gas field in Tanzania and sells natural gas to the domestic market, making it the closest direct peer to Aminex on geography, business model (onshore gas E&P), and end-customer (Tanzanian power/industrial buyers).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Aminex social profiles
Digital presenceAminex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aminex leadership team
Management profileNumber of profiles
Profiles2 records
Aminex subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aminex funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aminex M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aminex
What does Aminex do?
Aminex PLC is an upstream oil and gas company focused on natural gas exploration, appraisal, and production in Tanzania. It operates through its wholly-owned subsidiary Ndovu Resources Limited, holding interests in three Tanzanian licences: a 63.83% operated interest in the Kiliwani North Development Licence (KNDL), a 25% non-operated interest in the Ruvuma PSA, and 100% interest in the Nyuni Area PSA. Its flagship asset is the Ntorya gas field, where a 35-kilometre pipeline to the Madimba gas processing plant is under construction, with first gas production targeted for September 2026 at approximately 60 million cubic feet per day from three wells.
Is Aminex a public or private company?
Aminex is a public company. It is classified as public and is currently operating.
When was Aminex founded?
Aminex was founded in 2002. It employs 1 to 10 people.
Where is Aminex based?
Aminex is headquartered in London, United Kingdom, in the Europe region.
How does Aminex make money?
One revenue line is on record: natural Gas Production and Sales.
Who are Aminex's main competitors?
Emerging players on record are Tower Resources, Predator Oil & Gas and Afentra. Broad incumbents are SOCO International and Tullow Oil. Direct peers are Orca Exploration Group, Scirocco Energy, RAK Gas, ARA Petroleum Tanzania and PanAfrican Energy Corporation.
Does Aminex have an API?
No public API is recorded for Aminex.
What industry is Aminex in?
Aminex's product category is Upstream Oil and Gas. Its primary akta.pro industry code is EUAAAAAK, Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance), with a secondary code of EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 211 and its SIC code is 1311.