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

Agree with all re the risk warning here, it's not to be taken lightly. But I would hope all here realise that.

SWW, perhaps you need another pc, or someone to look after the kids during the holiday's!

this is flying along now! The potential on this is massive happy to stay in long term as its a multibagger for sure! Short term rise is always nice as well I wonder how much of the gain it will hold onto? Any pullbacks is just a buying opportunity for me

yoo. is going to be avery good buy at this price.paul.

Tanker Hi,

AEX still flying .... MM's doing those small buys again to push the price up.

YOO, I agree, interims out next week, will show the figures much better than last years results, and maybe they will declare they are running cash-flow positive now :)

Cheers,
PM

todays IC page 57 BUY

MP Hi,

I guess that explains todays buying, and probably some from the last few days, by those who work for or print IC ....

Cheers,
PM

Dear All,
Earlier today I did a search on threads contributed by PM1, Tanker & Goldfinger. I then checked the ones with up to around 100 posts and had a recent posting (by anyone). This one came up and it seemed worth a go, later on I was browsing IC lunchtime and by coincidence it was there today as posted above. I've just bought 1k @ 15.5p as it was rated a buy and is below the year high of 17. I know I'll not gain as much as the rest of you being in earlier & lower, but I just wanted to say thanks and good luck everybody.

I've seen "multibagger" mentioned and was wondering what your REALISTIC/REASONABLE short, med and long term targets are.

Cheers.

Welcome aboard.

Personally I can see 18p short term, as in next week and medium term 30p, as in by year end.

As for long term there are many variables and the real progress is to made in 2006, so your guess is as good as anyones.

Sidetrack drilling
A remedial operation which results in the creation of a new section of well bore for the purpose of detouring around "junk", redrilling a lost hole or straightening key seats and crooked holes. Also called sidetracking. Thats the textbook version from what you've said they are sidetracking to correct a deviated section, regarding time frame it depends on how much has to be corrected and at what depth!!
'Gas-bearing porous sands being logged', this is the analysis of gas density within sands, its an indication of gas however the logging exercise will calculate how much gas is present. e.g. x (gas amount) per square metre etc. Can anyone elaborate any furhter??

MadPAd - could you let us know what it says, thank's.

IC view''the shares haven't been buoyed by the Korean ventures-but that's wrong.Buy''.Suggest you get hold of a copy and read the article as well.

Thank's for that Mad Pad. Should be plenty of buying on Tuesday then!

I'm in for the long term so buys or sells on Tuesday wont concern me too much,in any event I'm allready up 41 percent,infact Iwould expect a bit of profit taking after such a sharp rise.

I think this is very much one for the long term and providing the NK's don't renege on the deal, I can't see much downside. After a super ride in my dealing portfolio, decided to switch my ISA into AEX, but found this very difficult with squaregain, who said there were problems with this stock. Eventually managed @ 15.74 late on Fri, but was left with the impression there was a stock shortage.

Squid no problem with this stock I hold mine in an ISA

Two 750k sells at the end, strange.

Rob Hi,

Just someone taking profit, it's gonna happen a lot on the way up ....

Cheers,
PM

I think all oil stocks will see a big rise next week.........certainly the price of oil will rise. Just hope it doesn't cost too many lives!!!

-That Katrina is one hell of a bitch!

Mmm..... yes.

However as the 6 party talks are put back until middle to late September that may have a negative effect on AEX.

Reason given is a lack of trust betweeen the participants.

Talks delayed

Make your own judgement or wait and see.

Seawallwalker Hi,

Thanks for letting us know about the delayed talks, I hadn't got around to my usual weekend searching .... too many parties :)

MM's may still play their little game this week, of a string of 1/2/3 15,000/20,000 buys, pushing the price up .25p on each one ....

Cheers,
PM