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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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.

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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.

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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

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Rns...any moment now....hope it's positive...

What we would like is confirmation the overhang/seller is clear. For this it needs to remain tight on the offer side with no large lots available.

And it still is, which is good.


Max Buy is just 10K @ 13.5p

Max Sell is 100K @ 13.18p


So perhaps finally the seller has been cleared out by yesterdays 2.4m volume to end them off ?

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Yep, certainly looks like the seller/overhang is now clear and AEX is ready to boogie on any good news.

Shoats Creek spudding news any day soon.

Likonde-1 news anytime end of the month onwards.

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lovely, another 15 p attack on Thursday? I hope this time well above :)

Certainly looks like an "overhang clear" rally.

Moving well now, and still undervalued on the US/Nyuni assets alone, ignoring North Korea and the ongoing African well, Likonde-1 (with Tullow)

A reminder for people :

http://www.aminex-plc.com/files/100202_Aminex_Omni_Update2_v4.pdf


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