Dublin listed oil and gas company Aminex has signed two agreements with Australian exploration company Bounty Oil & Gas.
Under the first agreement, Aminex will pay A$1.35m, around €800,000, for nine million new shares in Bounty at a price of A$0.15 per share. Aminex will then hold just under 10% of Bounty's enlarged issued share capital. One of its representatives will also join the Bounty board.
Under the second agreement, Bounty will participate in Aminex's Nyuni drilling operation off Tanzania with a 10% working interest, contributing its share in cash.
Bounty was founded in 1999 and floated on the Australian Stock Exchange in 2002. In Australia it produces gas from the Woodada Field.
