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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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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Good news, could add a lot of value to AEX, 21 days to go :

http://www.investegate.co.uk/Article.aspx?id=201002180700153216H

Aminex PLC
RNS Number : 3216H
Aminex PLC
18 February 2010

AMINEX SPUDS WELL AT SHOATS CREEK, LOUISIANA


Aminex PLC ("Aminex" or the "Company") announces that the Olympia Minerals-1 well ("OM-1") at Shoats Creek was spudded on 17 February 2010 using the Crown Drilling Rig No. 2. OM-1 is the first well in a drilling programme based on interpretation of new 3D seismic data over the property and will be drilled to an estimated total depth (TD) of 9,500' (2,896 metres) to test multiple sands in the Cockfield formation. Subject to any unforeseen operational delays, the drilling time to TD is likely to be 21 days. Aminex is the operator of OM-1 and holds a 100% working interest while Olympia Minerals, Inc. Is the lessor of the mineral rights at the well location.

Aminex's Shoats Creek property covers 1,570 acres in Beauregard Parish, Southwest Louisiana, close to the Texas border. Shoats Creek is made up of proved, undeveloped reserves in Frio and Cockfield sands with deep exploration potential in Wilcox sands, all of which have now been extensively remapped and integrated with existing well data using the 3D seismic. It is anticipated that a deep Wilcox well will be drilled in due course in conjunction with a potential farm-in partner.

Further updates will be provided at the appropriate times.

Aminex Chairman Brian Hall commented: "We have an active drilling programme planned for 2010 and OM-1 is our second new well start since the beginning of the year. In parallel with OM-1 we are currently drilling Likonde-1 in the Ruvuma Basin of Tanzania where good progress is being made. The Company has owned the rights to Shoats Creek for several years and predecessors have produced very light oil and high quality gas there since the late 1950s. However, understanding of complex multiple prospects has now been transformed with benefit of the new 3D seismic data."

Even bigger news today. Aminex is presently with Tullow drilling onshore Rovuma basin, so this big find by Cove/Andarko offhsore Rovuma bodes very very well !!!

Roll on Likonde-1 results now.



http://www.investegate.co.uk/article.aspx?id=201002180700133206H

18 February 2010
Cove Energy plc

Mozambique Deepwater Discovery

Cove Energy plc ("the Company" or "Cove", AIM:COV), the AIM quoted upstream oil and gas company, is pleased to announce a significant discovery at the Windjammer exploration well, the first in a minimum 4 well offshore programme operated by Anadarko Petroleum Corporation (Anadarko), in the frontier Rovuma Basin offshore Mozambique (Cove Energy 10%).

John Craven, CEO of Cove said:

"The Windjammer success is a great result for Cove shareholders. The well encountered a substantial hydrocarbon column in excellent quality reservoirs. Importantly this discovery, the first of its kind offshore east Africa, unlocks the hydrocarbon potential of a new petroleum province in the Rovuma basin offshore Mozambique and paves the way for more success in our fully funded ongoing deepwater drilling campaign.

"Good progress is being made"....hmmm.....might have found something...

Hopefully the Cove news today means the chances of success at Likonde-1 are greatly improved.......at least we now know the Rovuma Basin is hydrocarbon bearing, which greatly increases the chances that Likonde-1 will strike some.

4 target zones...must be through 2 of them by now...

Volume today near 7m now, and its understandable.

With the Cove/Anadarko news now confirming the Rovuma Basin is hydrocarbon producing, the chances for the Likonde-1 well on shore by AEX/TLW is now greatly improved.

They have another 4 targets defined after Likonde-1 and on the license area there is still lots of it untouched by seismic.

Roll on Likonde-1 results now !

Hope that they are good...I have far too many of these....would affect the sp if I sold...which I'm not going to do....