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Around 1 in 4 I say, so 25%.

Thats a good chance when it comes to drilling wildcats, but still 75% chance of failure.

News should be soon, anytime in the coming days IMO.

lar . i will be there at 4.30 tomorrow if the train is on time
see you in meg

Perky perky....... news soon ?

http://www.bloomberg.com/news/2012-01-16/poorest-nations-host-biggest-gas-finds-in-sign-of-deals-energy.html


...........“You’ll see the majors becoming more dominant through acquisitions,” said Stuart Joyner, an oil and gas analyst at Investec Securities in London. “A lot of the independents that really have been the vanguard in terms of opening the new province will sell out as things start to move out of the exploration stage.”................

Think we will get some news this week.

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Aminex, huh!

Its quite interesting - the wording of the AEX, compared to that of the SOLO RNS.

"Wireline logs and check shot data will now be recorded to determine whether or not to drill further."

"Wireline logs and a seismic check-shot survey are now being recorded in order to evaluate the section already drilled and to determine if additional drilling is worthwhile."

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Gawd knows!

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:-)

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Looks like a dud.....or does it.....I presume ......back to Tanzania offshore and Texas....no luck this company it seems...not a fab update....

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Sold out what I had above 3.1p - a gain is gain, even if its a small one. Its lucky that this was under 2.8p after Nyuni which allowed some buying at under 3p.

Will be interesting if they deepen to 3200 metres to find gas, but not for me, all out now, no interest anymore.

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Same here I am out having transferred to SOLO for the drill, minimal loss now, none too sure AEX have it in them to produce anything positive from this, they seem very unlucky or incompetent one of the two. Maybe they need a more competent geologist, this one if it is the same as the precceding wildcats seems to get it too wrong too often.

Off to the next speculative company, me for TRP and Namibia, Uganda does not do it on EA05, so I expect that to be a failure and a buying opportunity before Namibia gets started by Chariot and then Tower, so plenty of time on developments and events to decide how much if any more to invest there and at what price.

No advice intending just writing what I think and I am often, in fact more often than not, wrong.

Another rotten drilling