Epic : AEX

Aminex PLC is an established upstream oil and gas company, listed on the London and Irish Stock Exchanges, which has operated internationally since 1991.

Aminex produces oil and gas in the USA and has ongoing exploration activity in Tanzania, North Korea. Madagascar, Kenya and Egypt. Aminex also owns AMOSSCO Ltd, an international oilfield service, supply and logistics company.


Main Web Site : http://www.aminex-plc.com

Amossoco Web Site : http://www.amossco.com/

Dec 2007 Company Presentation : Link to PDF File



Sept 07 - Operations Detail & Update : In post 2

28th Sept 07 - Oil Barrel Write Up : In post 6

North Korea Info : In post 3

Planned Drilling :

Commencing late Oct 07 (or early Nov) - Kiliwani-1 - Tanzania
to be followed by second Tanzania well.

Commencing Nov 07 - West esh el Mellahah Block 2 - Egypt



* Note : AEX is fully listed (not AIM) and so can be ISA'd


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Aminex PLC
29 April 2008


29 APRIL 2008

AMINEX PLC

NW TANAN-1 WELL IN EGYPT IS SPUDDED

Aminex PLC ('Aminex') announces the spudding of the second exploration well in
its drilling programme on the West Esh El Mellaha ('WEEM-2') concession in the
onshore Gulf of Suez region, Egypt. The well is located on the NW Tanan
prospect and will be drilled to a proposed total depth of 2,620 metres (8,600
feet). This prospect is on trend with the Tanan-1 oil well, 3.1 kilometres to
the south east in the adjacent Lukoil-owned block operated by Eshpetco.

The well is being drilled on a seismically-defined tilted fault block. The
objective horizons include the Nukhul, Matulla and Nubian sands.

Aminex has a 10% beneficial interest in the WEEM-2 block, free carried by other
partners through to first commercial production. The well is operated by an
associated company, Aminex Petroleum Egypt Ltd. and is expected to reach total
depth in 25 days.


FOR FURTHER INFORMATION:

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1209607309&feed=oilbarrel_en

01.05.2008

Aminex Spuds Second Well In Egypt As Investors Await News Of Key Well Test In Tanzania

There is certainly no shortage of imminent newsflow from Aminex, which after a couple of relatively dry years in terms of drilling activity is now engaged in a multi-well campaign in Egypt having just drilled two wells in Tanzania. This week the company spudded the NW Tanan prospect in the West Esh El Mellaha (WEEM-2) concession in the onshore Gulf of Suez region of Egypt. The multi-target prospect lies on trend with the Tanan-1 oil well, which lies 3.1 km to the southeast in the adjacent Lukoil block.

This is the second well in a three-to-five well programme on the WEEM-2 block. The first, Malak-1, was drilled to a depth of 3,692 metres, the deepest well in the region, but found only sub-commercial volumes of gas. Even so, this was an interesting result, indicating the potential for early Tertiary and Cretaceous source rocks below 3,000 metres to be within the oil kitchen for the area. This widens the exploration potential of the block and will help with future well planning.

The onshore Gulf of Suez is a proven oil producing area but it is also geologically complex. The partners here plan a possible five-well programme and each well sunk will help with the understanding of the regional geology. Aminex can afford for the partners to commit to this kind of drillbit largesse: it has a 10 per cent interest in the project through its shareholding in operator Aminex Petroleum Egypt Ltd but its share of the costs are fully carried through to first commercial production, making this a no-risk venture for the London-listed firm. NW Tanan-1 should take 25 days to drill.

In the meantime, the company is busy in Tanzania, where it is gearing up to test its March 2008 discovery, Kiliwani North-1. This test will provide critical data on the finds deliverability, reservoir properties and gas composition. This counts because there are high hopes the KN-1 well, which carried a pre-drill P50 estimate of 100 billion cubic feet of gas and intersected a substantial 60 metre gas column in Lower Cretaceous sandstones, could be a commercial goer given its proximity to the producing Songo Songo gas field and associated gas infrastructure.

The results of this well test will be eagerly awaited by shareholders, who have long hoped that Aminexs pioneering spirit - and perseverance - in little-drilled Tanzania would one day pay off. Aminex has a 40 per cent interest in the project, alongside Rak Gas with 25 per cent, Key Petroleum with 20 per cent, East African Exploration with 10 per cent and Bounty Oil & Gas with five per cent. Under a series of farm-out deals signed last year, Aminex managed to get the bulk of its costs carried.

Newflow junkies will also be looking out for news from the US, where Aminex has producing properties in Texas and Louisiana. This year development drilling is planned at South Weslaco, a deep gas well is planned at Alta Loma and results are due in from a 3D seismic shoot at Shoats Creek, which has the potential to dwarf the rest of the US portfolio. Investors dont buy into Aminex for its US production but with gas prices of almost US$10 per thousand cubic feet its not a bad asset to hold, both in terms of current income and future divestment opportunities. With activity underway in Egypt and Tanzania, theres certainly plenty to keep investors interested and put some momentum behind the share price.

Company Name Aminex PLC




Headline Interim Management Statement




15 May 2008




Aminex PLC







Interim Management Statement for quarter ended 31 March 2008




Aminex PLC ("Aminex"), the oil and gas company listed on the London and Irish Stock Exchanges, today issues its first Interim Management Statement ("IMS"), in accordance with the EU's Transparency Directive which requires certain listed companies to provide periodic updates to the capital markets in addition to their existing reporting requirements. The IMS covers the first quarter of the Group's financial year, 1 January to 31 March 2008.




Operations




US Drilling: The GU-38 well at South Weslaco, Hidalgo County, Texas reached its target depth of 3,350 metres in January with logs indicating several potentially gas-bearing zones. The well awaits fracture treatment in the deeper zones and completion for commercial production. Aminex has a 25% working interest in this well.




Tanzania Drilling: The Kiliwani-1 exploration well at the offshore Nyuni licence encountered gas shows but was plugged and abandoned as non-commercial in February. The drilling rig then moved to Kiliwani North where it drilled Kiliwani North-1 ("KN-1"). In March KN-1 was completed as a gas discovery, having encountered a gross 60 metre gas column from which gas samples were recovered. KN-1 will be subjected to a full well test in the near future when appropriate equipment has been mobilised from the Middle East. Further appraisal drilling will be required at KN-1 in due course. Aminex has 40% of the Nyuni licence.




Egypt Drilling: At West esh el Mellahah Block 2 ("WEEM-2") in the onshore Gulf of Suez region, the first well in a minimum three-well programme, Malak -1, was drilled to a depth of 3,800 metres. Strong indications of hydrocarbons were encountered but not found to be commercial. The well has now been suspended and the rig is currently drilling ahead on the nearby NW Tanan prospect, to a target depth of approximately 2,600 metres. Aminex has 10% of WEEM-2 and its share of costs is carried by other partners through to first commercial production.




Financial




Aminex issued its preliminary results statement for the calendar year 2007 on 28 March 2008. Trading during the first quarter of 2008 is in line with the Group's expectations.






Outlook




Aminex has an ongoing work programme which will involve drilling an exploration well at Alta Loma (Texas), further exploration drilling in Egypt and further development drilling at South Weslaco (Texas) this year, together with likely further seismic surveys in Madagascar, Tanzania and Kenya. A development plan for the Kiliwani North discovery will be prepared as soon as the full well test has been carried on the KN-1 discovery. In early 2009 exploration drilling is likely to start on Aminex's licences on the Tanzanian side of the Ruvuma basin.




A.G.M.




The Annual General Meeting of the Group will be held on 4 June 2008 at The Westbury Hotel, Grafton St., Dublin 2 at 11 a.m.




Aminex PLC

Brian Hall, Chairman

Simon Butterfield, Finance Director

Nice buys today, does it means anything?

30 MAY 2008

AMINEX PLC




WELL TESTING COMMENCES AT KILIWANI NORTH-1, TANZANIA




Aminex PLC ("Aminex"), the oil and gas company listed on the London and Irish Stock Exchanges, announces that a well testing equipment package for performance testing of the Kiliwani North-1 well in Tanzania has now been shipped from the Arabian Gulf and successfully landed on Songo Songo island. The well equipment has been rigged up and the testing programme has now commenced.




No results will be announced until the full testing sequence has been completed and the results verified.




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FOR FURTHER INFORMATION:




Brian Hall Chairman +44 20 7291 3100




Archie Berens Pelham PR +44 20 7743 6679

RNS Number : 9422V
Aminex PLC
04 June 2008

RESULT OF WELL TEST

Kiliwani North-1 well tests gas 40 million cubic feet/day

Aminex PLC, the oil and gas company listed in London and Dublin ('Aminex' or the 'Company') announces a successful well test at the Kiliwani North-1 well in Tanzania.

Initial results from the test have established:

* A strong stabilised flow of gas at a rate of 40 million cubic feet/day, equivalent to 6,700 barrels of oil per day, through a 72/64ths' choke;


* Strong flowing wellhead pressures;


* Condensate of one barrel per million cubic feet;


* No CO2 or H2S impurities.


Aminex Chairman Brian Hall said:
'This is an excellent test result, in excess of our expectations, and will enable us to accelerate appraisal and commercialisation of the KN-1 discovery which was announced to shareholders in March. It further justifies our decision to go into the nearby Songo-Songo West area, a new PSA for which was announced on 2 June.'

Staggering result....even though I am in up to my neck in this I never expected such a great result...once again...really astonishing !.

Excellent news, will be interesting to see where we go next!

Gas equivalent of 6700 barrels per day and 40% to Aminex makes 2680 per day, that's 2.5 million dollars per day though I'm pricing on oil not gas (perhaps PapaPower will come up with some figures), and where there's some, there could be a lot more....at a guess the sp should (depending on the stockmarket not going pear shaped) be above 30p and if they hit anything in Egypt and some good testing in the USA....well, on a good rising market we could see 35p by mid summer, possibly even before, then when we drill again in Tanzania the sp could be tackling the 40p or so....we are not there yet but by jove !, this is looking very promising !, the only problem with AEX is that the sp goes up and then comes down again.

finally:):):) well well well:)

required field don't you think with 2 assets (USA and Tanzania) making the money, sp should be more steady now??

That's what I'm hoping for.....most stocks with AEX's potential would, but looking at the charts would suggest otherwise.....but then a gas strike like this doesn't come along that often so fingers crossed; let's hope that the sp remains at least above 25p...anything below would say : "screaming buy" to me.

Davy have now upgraded the target price to 45p.


5th June 2008 Flash Note: Well result and increased NAV per share

Aminex

Price: 27p Target: 45.0p Issued: 05/06/08 Previous: 26.0p Issued: 11/02/08

East African pathfinder gets deserved result
Kiliwani North-1 tests 40m cubic feet of gas per day

Kiliwani North-1, the second well in Aminex's 2007/2008 East African exploration programme, has produced 40m cubic feet of gas and 40 barrels of condensate per day on test. This is a very good flow rate.

The scale of the discovery is not certain at this stage, and further seismic and appraisal drilling will be required. However, we estimate that a median resource of 100 BCF (billion cubic feet) is a good working assumption for now.

One of the major effects of this result is that it should reduce the risk associated with the prospect inventory on the two licences in which Aminex is involved in this area. Gas will be commercialised

The well is located very close to the existing Songo Songo gas field, which produces through a pipeline that connects to markets onshore Tanzania.

Existing production from Songo Songo of around 60m cubic feet of gas per day is through a gas line with a capacity of over 100m cubic feet of gas per day. The line is not compressed.

Gas is sold for power generation and to a growing industrial market.
Major review of valuation

The immediate impact of the Kiliwani discovery is to de-risk our reserve estimate. This adds 4p per share to our pre-well NAV of 26p per share for Aminex.

However, we believe the other prospects on the Tanzanian licence package have been de-risked and should now be included in a valuation. This adds circa 7p per share. We have also increased our target estimate for Ruvuma (now
200m barrels versus 100m barrels formerly). This adds a further 8p per share.

Taken together, our new NAV per share for Aminex is 45p.

Thanks PapalPower, always interesting to read as usual !.

No luck on the drilling in Egypt so far !, but at no expense to the company....USA and Tanzania should support the sp.

Topped up right down in the dip....must be more to come from this !

We will never get anywhere if sp will play like that :(

New article HERE

here we go again....:(:(

Good news today....in the long run this will do fine, but it will take time.