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


.

One of the best performers in the market today....rns soon, with either USA or Tanzania update.

For anyone interested, Aminex are doing a presentation at Proactive 121 Forum next week.


http://www.proactiveinvestors.co.uk/eventregistration.php

Proactive Investors One2One Forums

The directors of Gulf Keystone Petroleum (AIM: GKP) and Aminex (LSE: AEX) will be presenting:

Tuesday the 2nd February 2010

Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be fou...........

worrying, we should hear by now about USA movements....

anyone going to this presentation ?

i went and thought aex looks like a good punt. how ever only concern is involvment with north korea. someone mentioned sanctions from USA againt aex. considering primary business for aex is USA?????

i went and thought aex looks like a good punt. how ever only concern is involvment with north korea. someone mentioned sanctions from USA againt aex. considering primary business for aex is USA?????

i went and thought aex looks like a good punt. how ever only concern is involvment with north korea. someone mentioned sanctions from USA againt aex. considering primary business for aex is USA?????

thanks kuzemko, did they mention USA activities? For me north korea in current situation was only far far future, matter of years probably not months. I think potential of this company is in USA and Africa.

yes i'll write more in detail over next few days. i must say from observations around the room lot of people were imprested with Brian inc Me. if the price falls to around 11p i'll consider buying. more interestingly i found this on bloomberg today. may be north korea isnt so bad!!! and brian had made defensive points for involvment in NK.
North Korea has been reliant on outside handouts to feed its 24 million people since the mid-1990s when famine caused by floods, drought and economic mismanagement is estimated to have killed about 2 million people.

Currency Revaluation

The North Korean government in December revalued its non- convertible currency for the first time in 17 years, targeting a black market that has challenged the ruling partys control. Laws have also been changed to favor foreign investors, officials told a U.S. business delegation when they also asked for economic contributions and investment.

Kim ordered a state development bank be set up to attract funds from overseas to finance government projects, KCNA said Jan. 21. The cabinet earlier this month upgraded the status of the northeastern city of Rason, which was named a free economic zone in 1991 and ordered by Kim last month to be developed into a center for foreign trade.

Removing UN sanctions is key to luring foreign aid and investment. The U.S. delegation told North Korean officials in December any investment could come only after the sanctions were lifted, Charles Boyd, president of Business Executives for National Security, said in a Dec. 24 interview.

Stumbling Block

North Koreas Foreign Ministry said Jan. 18 removing the UN sanctions is a prerequisite to returning to the six-nation talks on its nuclear weapons program. Such demands pose a stumbling block to resolving the nuclear impasse, Hyun said.

By making such claims that defy the expectations of the international community, it seems to be stepping further away from the denuclearization, he said. We cannot stop raising a fundamental question on its commitment to denuclearize itself.

North Korea left the door open for a possible return to the disarmament negotiations after direct talks with U.S. envoy Stephen Bosworth in December. The communist country in April vowed never to return to the forum with China, Japan, Russia, South Korea and the U.S., which last met in December 2008.

hmmmmm, we shall see, I don't believe in Kim's good intentions....

http://www.investegate.co.uk/Article.aspx?id=201002030700085816G

RNS Number : 5816G
Aminex PLC
03 February 2010

INVESTOR PRESENTATION

Aminex PLC ("Aminex" or the "Company") made an investor presentation in London yesterday evening arranged by ProActive Investors and a copy of the presentation can be found on the Company's website www.aminex-plc.com or via the following link http://www.aminex-plc.com/files/100202_Investors_Presentation_Feb_2010.pdf


A new report on Aminex by Omni Investment Research has just been released and can also be found on the Company's site or via the following link http://www.aminex-plc.com/files/100202_Aminex_Omni_Update2_v4.pdf


.

.

Back in play, yes it is.

Shoats Creek should be spudding any day.

And the big African drill should be less than 2 weeks away from potential newsflow.

.

News is due on WEEEEEEEM, Shoats Creek and before too long Likonde-1. Also, with a fair wind there is the potential for Kiliwani North news from the seismic.

Lots going on and its looking like double decker buses, its all going to be coming out at the same time (which of course might be the plan - that is not possibly a plan - to ensure that if one is bad then there is a good chance you have 2 pieces of good news to numb the effect).

Likonde-1 was stated by Tullow as being 45 days drilling. So if that spudded on the 7th of Jan then its due anytime (and it can be weeks late) 21st February onwards, likely end of the month onwards (and yes they should already be in the earliest zones of interest now - and of course any gas or oil shows early on would bode well).

Shoats Creek should be a couple of weeks, so if that spuds soon (pending bad weather delays) it will also be due end of the month.

Given operational delays etc.. its fairly sure that if any leaks are going to be out then they will be late Feb, and news should be forthcoming March.

And what a March it should be, with Likonde-1 news, Shoats Creek news, Kiliwani North news and then the other US drill is supposed to spud late March, and WEEEEEEEEEM news anytime, might be March though.

.

.

L2 getting stronger, now 1 v 1, might see the offer price move to 13p soon.

I wonder if the overhang is now cleared out ? Suddenly its more difficult to buy stock on line, down from 250K may buy to just 10K size.


On line limits now :

Max buy = 10K at 12.75p

Max Sell = 100K at 12.63p