.

Thai-Chinese investor in AEX.

+

http://www.nationmultimedia.com/business/PTTEP-eyes-E-Africa-but-stays-mum-on-plans-to-bid--30174361.html

=5

.

Pretty much all to timescale really.

Spud RNS says 30 days drilling to get to target zone.

http://www.investegate.co.uk/Article.aspx?id=201112230935015773U

....Ntorya-1 will be drilled as a vertical well to a planned total depth of 2026m, using the Caroil-6 rig and is expected to reach the main target in around 30 days from spud...........


-----------------------------------------

Update RNS says Total Depth (end of drilling) will be late January

http://www.investegate.co.uk/Article.aspx?id=201201101031552848V

........The target interval of the well is approximately 1,800 to 1,900 metres depth. Ntorya-1 is expected to reach total depth in late January 2012.......


---------------------------------------


So spud early evening on 22nd Dec.

30 days to target zone (circa 1800 metres) would be 21st Jan.

We had rumour of oil on 23rd Jan - which would tie in to the schedule if you allow for a bit of delay here and there or seismic processing errors on depth. The lack of any denial about the big price rise perhaps indicates something is there on an oily nature (although until wireline is run nothing can be said of an official nature)

So, TD (Total Depth) reach perhaps Thursday or Friday, pull the drill bit out, run wireline - looks fine for a Monday RNS.


But that is all assumption, and could therefore be wrong totally. Whatever, the sudden volume spike of nearly 23 million shares at just the right time for them to be in the target zone is quite suspicious, nicely suspicious of course, not a nasty suspicious.


Friday for dry, Monday for wet imo.

.

Could be....... but a sudden 23 million volume on Monday kind of points to potentially oil shows......... given how AEX has fallen a few days before bad news each time using this rig and crew.

So a sudden buying spike could suggest that the leaks from on site are positive this time, not negative ones.

Who knows ? Not me.

.

More getting involved in Tanzania

http://allafrica.com/stories/201201250323.html


Tanzania Daily News (Dar es Salaam)

Tanzania: Three Firms Join Search for Oil, Gas

Pius Rugonzibwa

25 January 2012



The government has signed multi-billion shillings production sharing agreements (PSA) with Brazil's Petrobras, Heritage of Britain and India's Motherlands Industries for oil and natural gas exploration in various parts of the country.

The Heritage Managing Director, Mr Julian Hewood, expressed optimism for Tanzania to eventually strike oil in Rukwa and Lake Nyasa basin, saying the areas have geological similarities with Uganda's Lake Albert basin.

"We expect to spend about 15 million US dollars (about 25bn/-) on exploration annually, but we plan to spend more than 10 billion US dollars (about 15tril/-) on oil production if discovered," he said.

The company succeeded to discover oil in the Lake Albert rift basin in Uganda. Officials from Tullow Oil, a sister company Heritage had early this month told local media that the oil reserves discovered so far on the Ugandan side of the Lake Albert rift basin were estimated at 1 billion barrels.

Mr Samuel Miranda of Petrobras and Virendag Kumar Sood of Motherland said they would spend about 500 million US dollars each for five years on exploration and commended various government institutions for giving maximum co-operation.

The representatives of the firms expressed commitment in undertaking environmental friendly exploration in line with the country's law and regulations. The three multi-billion-shilling deals makes the number of licensed companies that have shown interest to undertake gas and oil exploration in the country reach 28.

The Minister for Energy and Minerals, Mr William Ngeleja, said at the signing ceremony at his office in Dar es Salaam, that Petrobras will go for hydrocarbons exploration in Block 8 deep offshore.

He said Heritage will undertake the exploration in Kyela Basin in Mbeya Region and northern and onshore portion of Lake Nyasa in Rukwa Region, while Motherlands will explore in Malagarasi River Basin in Kigoma Region.

The minister urged the firms to hire local people and ensure that their activities were not harmful to the environment. "I would like to stress the importance of local contents in the oil exploration and production as stated in the agreements which implies use of Tanzanian goods and services as well as human resources," he noted.

He said the doors were wide open for other investors to come to Tanzania, particularly in the energy sector. "I wish to invite more local and foreign companies to invest more in exploration for oil and natural gas and establish service companies," he stressed. The signing ceremony was also witnessed by the Brazilian Ambassador, Mr Francisco Carlos Soares Luz.

lud , do not forget tomorrow i am bringing a couple of my girls ,

?

lar . ok i will pay the tab

Looking perky again.

6% up and strong.

lar you have doubled your cash in these i was correct but do not sell
a lot more to come

Still a long way to go

LGO chart shows a classic, leak rise, followed by spike sellers, followed by actual news. Up, retrace, Up.






Will the AEX chart do the same, but with bigger rises on the news ?





.

I see Shares Mag has AEX tipped as a buy today.

Mistake though, they say AEX:AIM

ITS NOT AIM.

ITS MAIN MARKET listed, you can ISA Aminex.

lar next step will be hear soon

Perky again today.

keeping an eye here - shouldnt be long before over 6p imo

Not there yet then......... more to go.

http://www.investegate.co.uk/Article.aspx?id=201201270700152736W

Aminex PLC
NTORYA-1 DRILLING UPDATE
RNS Number : 2736W
Aminex PLC
27 January 2012

NTORYA-1 DRILLING UPDATE

Aminex PLC ('Aminex' or the 'Company'), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces a further update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania.


The well was spudded on the 22 December 2011 and has been drilled to 1,535 metres where an intermediate casing string has been set. The well is now drilling ahead towards the target interval of approximately 1,800 to 1,900 metres depth. Ntorya-1 is expected to reach total depth around the end of January.

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north. Aminex estimates that the Ntorya Prospect has a probability of success of around 20%, with mean recoverable resource potential of 100 million barrels of oil equivalent.


Partners in the well are:

Ndovu Resources Ltd (Aminex) 56.25% (operator)

Tullow Tanzania B.V. 25%

Solo Oil plc 18.75%