CatalystWireBeta

Aminex (CDI) (AEX): Ntorya gas field development

This situation live

AEX Aminex (CDI)

£83m · 1.7p · +15% since the first step
2.8p 1.1p Now 1.7p · 23 Oct +45% −36% −3% +46% −2% Dec ’25Jan ’26FebMarAprMayJunJulAugSepOct
28 Apr 2026 · Pipeline under construction; CH-1 drilling preparations · −36% until the next step Pipeline construction progressing in line with schedule, with completion and commissioning on track for September 2026.
25 Sep 2026 · Revised programme agreed; execution pending · −14% since Revised work programme anticipates first gas from Ntorya-2 and the spudding of NT-3 in December 2026.
Project milestones
Ntorya gas field development
Revised programme agreed; execution pending
Every step · 7
  1. 18 Dec 2025 Pre-construction; contracts and tenders advancing – the necessary pipe for the Pipeline has been manufactured and is scheduled to arrive in Tanzania in late January 2026 with groundwork and pipelaying to... ↗
  2. 28 Apr 2026 Pipeline under construction; CH-1 drilling preparations – Pipeline construction progressing in line with schedule, with completion and commissioning on track for September 2026. ↗
  3. 14 Jul 2026 Operator seeks budget cut; first gas delay threatened – Discussions among the Company, APT, the Zubair Corporation, and the TPDC are ongoing to identify a resolution and agree a programme that is acceptable to... ↗
  4. 21 Aug 2026 Formal dispute notice issued against operator APT – If the dispute is not resolved, Ndovu may refer the dispute to the London Court of International Arbitration and pursue its rights against Zubair under the... ↗
  5. 2 Sep 2026 Government-backed schedule agreed; dispute notice still open – The Company considers the agreement to represent important progress towards resolving the matters that gave rise to the Notice of Dispute announced on 21... ↗
  6. 23 Sep 2026 JV approved revised 2026 and provisional 2027 budgets – The joint venture approved both work programmes and budgets, with gross expenditure of up to US$75 million projected across the remainder of 2026 and 2027. ↗
  7. 25 Sep 2026 Revised programme agreed; execution pending – Revised work programme anticipates first gas from Ntorya-2 and the spudding of NT-3 in December 2026. ↗

What is happening

Aminex (CDI): Ntorya gas field development – Revised programme agreed; execution pending. ['Revised programme agreed; execution pending']

In short
Ntorya development has been in dispute since Ndovu's notice over APT not implementing the approved 2026 budget. A government-backed schedule on 26 August kept first gas in December 2026 and preserved CH-1. The half-year report confirms the programme, with the pipeline about 95% laid and up to US$75m gross budgeted. The 2027 programme still needs TPDC and PURA approval, and the interim report says the programme must be judged on delivery.
Announced
18 Dec 2025 · Pre-construction; contracts and tenders advancing
Latest
25 Sep 2026 · Revised programme agreed; execution pending
Budget approved
Up to US$75 million gross across remainder of 2026 and 2027
Next milestone
NT-1 wellhead and slickline work from October 2026; NT-2 testing in November 2026
First gas
NT-2 gas into the pipeline by end December 2026
NT-3 well
Spud before end December 2026; gas from the well scheduled September 2027
Pipeline
About 95% of pipelaying and infilling complete; connection and metering finish December 2026
CH-1
Obligation well, to be drilled at the end of the programme
Budget
Up to US$75 million gross for remainder of 2026 and 2027; 2027 still needs TPDC and PURA approval
Briefing Pro

New to Aminex (CDI)? Get up to speed in 2 minutes.

What it does, how it got here, what management promised and delivered – written from its own announcements.

Get the AEX briefing →
Ask AEX Beta
Ask anything about Aminex (CDI)

Answered from its own announcements and reported figures, every statement linked to its source.

From the company's own announcements. Not investment advice.

Also at Aminex (CDI)

The Ntorya Development Licence area lies adjacent to a region containing supergiant world-class LNG projects, extending from offshore Tanzania into Mozambique waters to the south.

Aminex (CDI) – company page →

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note