Exploration and production company Aminex is to return part of the money from its sale of assets last year to shareholders.
The company received $24m from the sale of assets in the Komi Republic and is returning around $7.5m to shareholders.
Aminex says it is now free of debt. It is expanding its profitable operations in the US, with an expanded $6m exploration and development budget. Aminex has also agreed to acquire Perth-based Tanzoil, which holds a number of oil and gas prospects in Tanzania, for £3.5m sterling.
