From the latest company's drilling update....17 Feb

http://moneyam.uk-wire.com/cgi-bin/articles/200402170700084897V.html

Can anyone with mining knowledge explain these terms....

What does sidetracking mean? Approx how ong will that take?
Approx. how long will it take to correct a deviated section?
Is 'crude oil in shale samples' a good indication that there is oil?
Is 'Gas-bearing porous sands being logged' a good indication that there is gas?
Basically what does logging involve ?

Any views re AEX potential??

Regards
Stephen

told you last week .cert.

i never go into detail . trust me thanks.

THIS IS FROM OILBARREL.COM TODAY (GLAD TO SEE THE INDUSTRY WEBSITE FINALLY CATCHING ON TO THIS !!)

09.08.2005
Aminex Signs Up To Explore Most Of North Koreas Oil And Gas Territories In Groundbreaking Production Sharing Agreement
Aminex plc has scored a real first with the signing of a formal production sharing agreement for a large tranche of exploration acreage in the Democratic Peoples Republic of Korea. Shares in the company climbed 1.625p to 9.5p on the news.

The signing of an exploration agreement with the secretive North Korean regime - a member of US President George W Bushs infamous axis of evil - marks a real coup for the London-headquartered oil junior. In September 2004 the company signed a twenty-year petroleum agreement with the DPRK, which is anxious to develop its indigenous oil industry. The impoverished country, which is run along a strict communist ideology based on the concept of juche or self reliance, has seen its economy run into real problems, resulting in famine and prolonged power blackouts. It depends on coal and hydropower and imports what oil it uses, around 86,000 barrels per day.

Under the terms of the 2004 deal, Aminex agreed to provide technical and legal expertise to help the DPRK authorities get to grips with their domestic resource base and attract inward investment. In return the British oil company receives a royalty on any new production, a carried interest in any new wells drilled by incoming companies and the right to explore anywhere in the country. Aminex later cemented its relationship with the DPRK by agreeing to take a stake in Kobril, an international natural resource vehicle controlled by the pariah regime.

Since then Aminex has worked hard to get to grips with the existing seismic and well data covering the country and has helped draft a model production sharing agreement. The PSA, made under Swiss law, runs for nine years, divided into three three-year periods, with the work commitments in the first phase including seismic acquisition and the drilling of one exploration well.

At 66,000 sq km, Aminexs PSA covers the greater part of the countrys on and offshore oil and gas prospective territories, including the West Sea offshore basin, a part of the East Sea offshore basin, the onshore Anju basin, the onshore Jaeryong basin and the onshore Pyongyang basin.

This can rightly be considered frontier territory. There has been sporadic exploration in the country over the past 30 years, resulting in some undeveloped discoveries. The West Sea acreage is thought to offer the best near-term production potential. Speaking to oilbarrel.com recently, Aminexs chief executive Brian Hall described the area as an offshoot of the Bohai Bay in China, that countrys largest indigenous source of oil and gas and the scene of recent major discoveries.

The East Sea acreage could also prove very interesting. Its geology is not dissimilar from that of Sakhalin Island, said Hall, referring to the oil and gas rich Russian territory that has attracted multi-billion dollar investments from the worlds supermajors.

PM - THE GHOST OF MY ORIGINAL PURCHASE AT 660P IN 1987 IS APPROACHING EXORCISM !!

Excellent call everyone! Thank you Diana. I wish I bought a lot. I only bought 50000. By the way Diana let us know if you hear anymore tips from your husbands friend.
PM will look into SEO, thanks for your tip.

Supermono Hi,

Glad to see my efforts not going to waste .... I E-Mailed Stewart Dalby at Oilbarrel.com on Sunday, to ask why I couldn't find the Aminex news on the PSA, I also added some of my own info, which is in that note :)

Cheers,
PM

Thank you Mrs Lords, I am glad too see our friend was right. I will let you know if I get any more tips from him.
Diana

Hi All,

This note just out from KBC Peel Hunt, says that oil is going to be in even shorter supply, so places where Aminex excels, the one's that are underexplored, and very likely to have large amounts of Gas and Oil, like Tanzania and especially DPRK, will be the places where a lot of big oil companies will start looking, and in DPRK they will all have to partner Aminex, because Aminex have all the most prospective areas under PSA licence !

Also check out the 'risked exploration value' of the small cap oil companies that KBC cover, because currently Aminex have none of Tanzania, or DPRK priced in. Also check the NAV of thoe companies, and think what one oil well in DPRK or Tanzania will do to the NAV of Aminex.

http://www.peelhunt.com/pdfs/mmeetings/NEOilGas9Aug05.pdf

9 August 2005

News Extra

Oil & Gas Sector Update

Oil prices heading for $100?

Having returned from a summer break in the Rocky Mountains, and having covered 3000 miles in a gasguzzling Jeep and two transatlantic flights, I have done my bit of profligate oil consumption. Included in my holiday reading was Matt Simmons excellent analysis of the current state of the Saudi oil fields: Twilight in the Desert. It therefore comes as no surprise to me to see the crude oil price at over $60 per barrel. The thesis of this book is essentially that far from having ample spare capacity, the Saudis are in danger of having overproduced their giant oil fields to the extent that a significant decline is inevitable at some point in the not too distant future. Such idle capacity that exists and such undeveloped reserves as there are will at best offset thedeclines from the older wells. That being the case, the world cannot continue increasing oil consumption at current rates as the supply capacity will shortly run out. If Simmons reading of the situation is remotely correct, $60 crude will look like a bargain and in a few years time, routine long distance flights will once again be the preserve of the rich and famous.

My take on the supply situation is not necessarily as pessimistic as Simmons but it is clear that my oil pricing scenarios, with $50 as a upside case, are already looking rather conservative.

Is that you Mrs Lords - 1m+ purchase? who ever it is great. Obviously has done some research? positive outlook for the future.

U.S. upbeat on 6-party N Korea talks

Tuesday, August 9, 2005 at 09:03 JST
WASHINGTON The U.S. government was upbeat Monday about the state of six-party talks on North Korea's nuclear programs but said Pyongyang's insistence on possessing civilian light-water nuclear reactors was the stumbling block that led to a three-week break Sunday in the talks in Beijing.

"We believe there has been important progress, and we're still optimistic that some agreement can be reached," White House deputy press secretary Trent Duffy told reporters. (Kyodo News)

FM to Visit China, U.S. Over Six-Party Talks

Foreign Minister Ban Ki-moon will visit China and the United States to discuss progress in six-party talks on North Koreas nuclear program, which should start again after a recess in the week of August 29.
Ban told reporters Tuesday he was clearing his schedule to travel this weekend to China to meet Chinese Foreign Minister Li Zhaoxing and meet next week with U.S. Secretary of State Condoleezza Rice. He said there were also plans to dispatch "ministerial-level" representatives to Japan and Russia.

Ban said the government plans to use Liberation Day joint celebrations with North Korea on Aug. 15 in Seoul to talk with the North. It appears South Korean Unification Minister Chung Dong-young will head talks with North Korea's Kim Ki-nam, a secretary with the Workers Party of Korea who will reportedly lead his countrys delegation.

Turning to the question of North Korea's right to peaceful use of nuclear power, the main stumbling block in the talks so far, the minister said, Non-Proliferation Treaty member states have the right to use nuclear energy for peaceful purposes if they undergo IAEA inspections. But he added North Korea needs to build up trust with the international community."

DPRK urges US to change Korean nuclear policy
08/10/2005 -- 11:54(GMT+7)

Seoul (VNA) - The United States should change its policy of forbidding the Democratic People's Republic of Korea (DPRK)'s peaceful nuclear development, said Kim Kye-gwan, head of the the DPRK's delegation to the six-party talks.

"If the US really wants to make substantial progress in the Korean nuclear issue, it had better made up its mind to change its policy," Kim told reporters at Pyongyang Sunan Airport, and added that it is the key for possible achievements in future talks.

He also said that "the DPRK will look at the US's activities" to decide whether it could continue the six-party talks.

Although there were many difficulties, talks of the first phase established a "groundwork" for future discussions, Kim noted, and reiterated that the DPRK's stand on settling the nuclear issue on the Korean Peninsula through six-party talks remains
unchanged.

Meanwhile, US Deputy State Department spokesman Adam Ereli said "good progress was made" during the Beijing talks, even if the DPRK's desire to keep light water reactors was a "non-starter."

Its nice to have a healthy profit after one day! Shares magazine may mention Aminex this week help get this on more peoples radars. However the shrewd investors are already in so they can benefit from multi-bagger potential like this

This was a great call Paul ,even though i was already a holder no way in the world did i think there was going to be much movement in the SP until next year.
Can`t wait for your next tip.
db66

It hasn't started yet, this co is sitting on a massive oilfield that will be opened up to International oil majors, it is in Korea's interest and Aminex get a slice of it all. It's an incredible situation for a tiny co. to be in.

Yes agreed robstuff, especially when you look at the market capital of some of the other players Aminex is as cheap as chips.
db66

All hail the great Paul Masterson !!!
MoneyAM's equivalent of Rafa Benitez.

;o)

Agreed! Paul Masterson has provided us with excellent research on AMINEX. WELL DONE Paul.

Here is another Company, Cambrian Oil & Gas PLC( COIL )which has similar prospect like AMINEX. I am in after looking at their latest news. Get some if you can before it goes up.

Cambrian Oil & Gas PLC
10 August 2005

Cambrian Oil & Gas Plc ('COIL' or the 'Company')

10 August 2005

Geochemistry Confirms Presence of Hydrocarbons



Cambrian Oil & Gas Plc (AIM : COIL), the oil and gas exploration, development
and production company with assets in the Kyrgyz Republic announces the
completion of a wide ranging geochemistry survey in the South Karagundai and
Shink Sai prospects in its Tash Kumyr licence.



Key Points

Cambrian Oil & Gas Plc's subsidiary, JSC KNG Hydrocarbons, has now
completed a wide ranging geochemistry survey over the South Karagundai and
Shink Sai prospects in the Tash Kumyr exploration licence.

W.L. Gore & Associates has reported on the results of the survey, which
used the company's GORE(TM) Survey for Exploration, an advanced
geochemistry technology.

Over 300 modules were deployed in a grid over the two prospect areas, which
had shown clear hydrocarbon indications from an earlier screening study.

The GORE(TM) Survey suggests that several geochemical features conform to
major aspects of previous structural interpretations at the primary
Palaeogene target depths.

A number of additional positive geochemical anomalies have been
identified outside of previously identified structural features.

The results also indicate there may be additional hydrocarbons
in deeper horizons as occur in adjoining areas.

An extensive seismic survey is about to commence with the aim of
defining drillable targets.



Confirmation of the presence of Hydrocarbons within the licence area and
additional positive geochemical anomalies being discovered will assist the
Company in identifying further drill targets later in 2005.



Neale Taylor, CEO of Cambrian Oil & Gas said that 'The results are encouraging
and have been used to modify the layout of the Company's imminent seismic
survey. The results of both surveys would then be combined to gain a fuller
understanding of the geological system in the survey area. With a combined
interpretation in hand later in the year, the Company expects to identify
several drilling locations.'



Gore's report states: 'The results of the GORE(TM) Survey over JSC KNG
Hydrocarbon's licence area in the Fergana Basin in Kyrgyzstan are positive and
repeatable. Based on geochemical modelling results, the survey area shows great
promise for the presence of hydrocarbon reservoirs of both oil and natural gas.
These oil and gas accumulations are likely similar to the hydrocarbons found in
producing wells Mailisu #411 (oil) and Izbashkent #123 (gas), respectively,
which were used for comparison purposes.



Statistical modelling was extremely stable and consistent. This result may be
due to the combination of above-average mass values collected on the modules and
the unique chemical fingerprint of the subsurface hydrocarbons.



Several geochemical features conform to the Palaeogene structural
interpretations offered during the course of interpretation. The Gore survey
results suggest that the structural surface may be a hybrid of the two
structural interpretations provided by the client. Alternatively, the results
may suggest that there are hydrocarbons associated with horizons other than the
Palaeogene mapped horizons considered in this report. These possibilities could
account for differences between the geochemical interpretation and the
structural interpretations provided.'



Ends



For further information please contact:


Neale Taylor, CEO, Cambrian Oil & Gas Plc +44 (0)20 7493 7671
Paul Mc Groary, Director, Cambrian Oil & Gas Plc +44 (0)79 3056 8160
Victoria Thomas, Parkgreen Communications +44 (0)20 7493 3713



Notes to Editors:



About Cambrian Oil & Gas:

Cambrian Oil & Gas (AIM : COIL), previously Silvermines Media Plc (AIM : SLV) a
company first admitted to trading on AIM on 15 July 2004, was readmitted to AIM
on 1 March 2005 following an acquisition of the entire issued share capital of
Zhibek Resources Plc. Zhibek was formed in February 2004 for the purpose of
conducting oil exploration, development and production activities in Central
Asia and FSU.

COIL currently has three operational projects in the Kyrgyz Republic; the
Beshkent-Togap water injection project; the Tash Kumyr exploration project, an
exploration licence area with 5 prospects and a recently acquired intermountain
basin exploration licence area, which adjoins Lake Toktogul.



GORE(TM) Survey Applications

The GORE(TM) Survey method is a surface geochemical sampling system employing the
GORE-SORBER(R) module (patented passive soil vapor sampling device),
state-of-the-art chemical analysis and sophisticated statistical geochemical
pattern recognition. This surface geochemical sampling technique has evolved
from over fifteen years of experience in soil gas geochemical exploration and
analytical chemistry, and is capable of differentiating reservoir hydrocarbons
from 'background' hydrocarbons (emanating from vegetation, shallow pollution,
source rock, etc.). Typical applications of this technique include: 1) Frontier
- to determine hydrocarbon potential over large previously unexplored areas; 2)
Exploration - focus geophysical efforts, prioritize leads or investigate
stratigraphic traps; 3) Development - define the areal extent of producing
fields and locate potential areas for secondary recovery. Prudent use and
integration of the geochemical results can have significant benefits to the
success of an exploration program, resulting in fewer dry holes.



(TM) - a trademark of W.L. Gore & Associates, Inc. USA




This information is provided by RNS
The company news service from the London Stock Exchange

Thanks All :)

I just enjoy researching, info-freako and all that !

Another year maybe two, we should be quids in :)

Short term we should be a lot higher, just compare the SP to the AIM index, or the Oil and Gas index, we used to track them both, but fell away, and to get back on track would mean the SP doubling in price from here :)

Edison Research and Lemminginvestor are still waiting to speak to someone at Aminex, I guess it's because Brian Hall is still in N.Korea, and won't be back before the end of this week, and that could be the case for Shares Mag, Oilbarrel.com, etc, they may all be waiting for his return, before putting out any research notes, so in the hope that he returns this weekend, then next week could well(pun !) see a string of different research and analyst buy notes appearing, therfore a definate hold for traders too.

Dryden research just released a note on Brent Crude, suggesting the Oil price could reach $84 a barrel this year, if it does not fall back from the current high ....

Crude Oil (Brent): $61.98 Potential high for Crude Oil (Brent). The Crude Oil (Brent) price has now arrived at levels, which should determine the immediate outlook. It has risen to the upper trend line of a rising wedge (bearish) and appears to have completed five wave patterns from the lows of 13th December 2004, 23 May 2005 and 21st July 2005. If the high is in place we can expect the Oil price to decline to test the 23rd May 2005 low if not the December 2004 low before rallying to make new highs. However the seasonal bias is for the oil price to continue higher into October before correcting into December (highlighted on the chart). If it holds true this year then price targets at $84 come into play.


Cheers,
PM

Oil going up, new resources required, N.Korea has never produced it's own oil, Tanzania could have a decent amount of offshore oil too.

Aminex are in a great position to capitalise !

http://news.bbc.co.uk/1/hi/magazine/4135122.stm

Cheers,

PM

Oil surges above $65 for first time

SINGAPORE (Reuters) - Oil prices raced above $65 for the first time on record on Thursday, as tightening U.S. gasoline supplies added to anxiety over refinery snags and stability of crude supplies in the Middle East and North Sea.