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


.

Out of interest.......


http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2007/10/21/cnburren121.xml

Korea sets sights on Burren Energy

By Sylvia Pfeifer

Last Updated: 11:59pm BST 20/10/2007

Korea's state oil giant, Korean National Oil Company, has emerged as one of the mystery suitors for Burren Energy, the London-listed oil and gas explorer being circled by predators.


Surging energy requirements are making oil and gas independents takeover targets


KNOC has hired Jefferies, the boutique investment bank, to advise it on a bid. The Koreans are understood to have tabled an indicative offer of 11 a share a few weeks ago, valuing Burren at 1.5bn.

Burren's board rejected the offer but last night industry sources said KNOC could still return with an improved bid.

Burren has also rebuffed a rival offer from ENI, the Italian energy giant. In a statement to the stock exchange earlier this month, ENI said its 10.50 per share offer had been rejected but added it remained in talks with the board and shareholders.

The announcement forced Burren to reveal it had been the subject of a numb..........................................

From a post on TMF the following information below - wonder if Aminex will want more exposure to exploration in Tanzania. First well should be spudding in the next few weeks for AEX in Tanzania.


http://uk.reuters.com/article/oilRpt/idUKL2236768020071022

NAIROBI, Oct 22 (Reuters) - Tanzania has invited energy explorers to bid for six blocks in the east African nation that is fast becoming a new frontier in the hunt for oil and gas.

According to a statement by the Tanzania Petroleum Development Corporation seen by Reuters on Monday, the six blocks are all inland and stretch from the southeast of the country to the northwest.

Bidders have until December 3 to submit their documents.

So, from the Mozambique border across to the Rift Valley then northwards?

And, for those wanting more:

More information on the Tanzanian offer can be found at http://www.tpdc-tz.com/index.htm

Current activity map, as of August, here:
http://www.tpdc-tz.com/activity_August_2007.htm

And the open areas here:
http://www.tpdc-tz.com/new/activitymap.htm

From a post on AFN :

From Davy Stockbrokers this morning:

"Price 31c Target: 45.0c

Aminex has successfully converted its technical evaluation agreement (TEA) for Kenyan Blocks L17 and L18 to a production sharing contract (PSC). The two blocks are located mostly off-shore in relatively shallow water close to a significant energy market at Mombasa. They contain a number of known leads in an area of just under 5,000 square kilometres. Aminex is the nominated operator of the PSC with a 25% share.

In 2006, Aminex acquired 2D marine seismic of the area and carried out sea-bed core sampling which revealed encouraging shows of hydrocarbons. The PSC lasts for seven years, with an obligation to acquire seismic in an initial two-year period and drilling commitments in subsequent periods. This is the first time that a Kenyan TEA has been converted to PSC status, and also the first time that a Kenyan company has embarked on frontier exploration in the country (partner SomKen has a 35% interest)."

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1193364096&feed=oilbarrel_en

26.10.2007

Aminex Extends Its Corridor Of Interests In East Africa With Signing Of Kenyan PSC

It has taken a while to conclude negotiations but Aminex has finally signed a Production Sharing Contract for near-shore Blocks 17 and 18 offshore Kenya. The London-listed company entered Kenya in March 2006 when it signed up to a technical evaluation agreement (TEA) for an onshore and shallow water area near the port city of Mombassa in a deal that extended its interests in East Africa from Kenya in the north to Tanzania in the south and Madagascar to the east.

Aminex agreed to pay Upstream Petroleum Services Limited US$550,000, comprising US$300,000 in cash plus US$250,000 in new Aminex shares, to secure a 25 per cent interest in the TEA, which commits the partners to seismic and geochemical work reckoned to cost US$2 million. Following the Aminex farm-in, the equity in the TEA was UPSL 50 per cent, Aminex 25 per cent and Mombassa-based Somken Petroleum with 25 per cent. The partners hoped to convert the TEA into a full PSC later that year but negotiations proved protracted.

The PSC has finally been signed, with Aminex acting as operator with 25 per cent of the equity, along with SomKen (35 per cent) and East African Exploration (40 per cent). This is the first time a TEA in Kenya has been converted to PSC status and the first time a Kenyan company (SomKen) has embarked on frontier exploration in the country.

Aminex is no stranger to industry firsts. The company has a history of getting in on the ground floor, giving it first mover advantage in what it hopes will prove to be the next industry hotspot. It was, for example, the first company to sign a deal with North Korea, giving it access to vast tracts of that troubled countrys onshore and offshore sedimentary basins. It picked up its acreage in Tanzania in 2002 and its Nyuni-1 well, which spudded at the back-end of 2003, was the first well in the country for 13 years. During the five years the London- and Dublin-listed firm has held its Nyuni and Ruvuma Basin licences, Tanzania has been gaining support from some of the great and the good of the oil industry: Brazilian deepwater specialist Petrobras has signed up to explore offshore, oil giant Shell is in negotiations for four offshore blocks and French outfit Maurel et Prom is looking onshore while a recent licensing round in east coast neighbour Mozambique saw the industry snap up licences next to Aminexs Ruvuma Basin PSC.

Aminex added Madagascar, the Indian Ocean island off the coast of Mozambique, to the portfolio in 2005, when it signed up to explore the 10,725 sq km onshore Manja Block. Madagascar is also making its mark on the industrys radar: ExxonMobil, Norsk Hydro and Sterling Energy are among those exploring its offshore waters. Aminex may not be the first on the ground in Madagascar but for a small company it has been quick to gain a foothold in an emerging exploration hotspot.

The same goes for Kenya. Aminex is not the first but it is one of very few companies to be exploring these little known waters, which took a heavy blow earlier this year when a consortium led by Australias Woodside Energy drilled an expensive duster in the deep offshore. This was the first deepwater well in Kenyan waters and Woodside has taken time to assess the data before drilling a second well. Although the result was a disappointment, it certainly doesnt write off Kenya, which remains under-explored.

While other countries in the East African region have recently witnessed an unprecedented boom in exploration activity, Kenya has been relatively quiet, said chairman Brian Hall. Our exploration targets in L17 and L18 are a logical extension of the work we are already doing in Tanzania and Madagascar.

The two blocks together cover 5,000 sq km and stretch from the Tanzanian border to the Kenyan coastal town of Kilifi. Aminex and its partners have already acquired new 2D data over the offshore portions and a seabed core sampling operation has revealed encouraging shows of hydrocarbons. The PSC is for seven years, with the partners committed to acquire seismic in the first two years.

Key Petroleum recently released their 2007 Annual Report. From within this report you can gain some information on the Tanzania potential.

http://www.keypetroleum.com/reports/KEYPETROLEUMLTD2007ANNUALREPORT.pdf


.

http://www.gulfnews.com/business/Oil_and_Gas/10163457.html

"Black Marlin plans oil venture in Kenya
By Shakir Husain, Staff Reporter
Published: October 28, 2007, 23:02

Dubai: Black Marlin Energy, a Dubai-based company, plans to search for oil onshore and offshore Kenya.

The company said a joint venture involving its subsidiary East African Exploration Limited (EAX) has signed a seven-year production sharing contract (PSC) with Kenya.

The contract is for Blocks L17 and L18, which lie between the Tanzanian border and the Kenyan coastal town of Kilifi.

EAX holds a 40 per cent stake, while Somken Upstream Kenya and British energy firm Aminex have 35 per cent and 25 per cent interests respectively.

Aminex is the nominated operator of the PSC, which was awarded by the Kenyan energy ministry. Jeff Hume, chief executive officer of Black Marlin Energy, said his company would be looking at new exploration opportunities in Kenya, which relies on imported oil and gas.

With record high crude oil prices, the regions that were not considerable commercially attractive earlier are seeing new exploration activities.

"Our projects are based on domestic consumption economics, allowing us to develop much smaller projects than the majors, yet ones that could be crucial to continuing Kenyan economic growth," Hume said.

Before signing the PSC, the joint venture companies had conducted a geoscientific study of the area.

According to Aminex, a seabed core sampling operation has revealed "encouraging shows of hydrocarbons."

Black Marlin director Eric Fore told Gulf News the company plans to finish seismic and geochemical work by the end of 2009 and hopes to drill a well in 2010.

So far the companies have spent $2 million on seismic surveys and related activities."

......and the share price is quite perky this morning too !!!

;o)

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1193364096&feed=oilbarrel_en

26.10.2007

Aminex Extends Its Corridor Of Interests In East Africa With Signing Of Kenyan PSC

It has taken a while to conclude negotiations but Aminex has finally signed a Production Sharing Contract for near-shore Blocks 17 and 18 offshore Kenya. The London-listed company entered Kenya in March 2006 when it signed up to a technical evaluation agreement (TEA) for an onshore and shallow water area near the port city of Mombassa in a deal that extended its interests in East Africa from Kenya in the north to Tanzania in the south and Madagascar to the east.

Aminex agreed to pay Upstream Petroleum Services Limited US$550,000, comprising US$300,000 in cash plus US$250,000 in new Aminex shares, to secure a 25 per cent interest in the TEA, which commits the partners to seismic and geochemical work reckoned to cost US$2 million. Following the Aminex farm-in, the equity in the TEA was UPSL 50 per cent, Aminex 25 per cent and Mombassa-based Somken Petroleum with 25 per cent. The partners hoped to convert the TEA into a full PSC later that year but negotiations proved protracted.

The PSC has finally been signed, with Aminex acting as operator with 25 per cent of the equity, along with SomKen (35 per cent) and East African Exploration (40 per cent). This is the first time a TEA in Kenya has been converted to PSC status and the first time a Kenyan company (SomKen) has embarked on frontier exploration in the country.

Aminex is no stranger to industry firsts. The company has a history of getting in on the ground floor, giving it first mover advantage in what it hopes will prove to be the next industry hotspot. It was, for example, the first company to sign a deal with North Korea, giving it access to vast tracts of that troubled countrys onshore and offshore sedimentary basins. It picked up its acreage in Tanzania in 2002 and its Nyuni-1 well, which spudded at the back-end of 2003, was the first well in the country for 13 years. During the five years the London- and Dublin-listed firm has held its Nyuni and Ruvuma Basin licences, Tanzania has been gaining support from some of the great and the good of the oil industry: Brazilian deepwater specialist Petrobras has signed up to explore offshore, oil giant Shell is in negotiations for four offshore blocks and French outfit Maurel et Prom is looking onshore while a recent licensing round in east coast neighbour Mozambique saw the industry snap up licences next to Aminexs Ruvuma Basin PSC.

Aminex added Madagascar, the Indian Ocean island off the coast of Mozambique, to the portfolio in 2005, when it signed up to explore the 10,725 sq km onshore Manja Block. Madagascar is also making its mark on the industrys radar: ExxonMobil, Norsk Hydro and Sterling Energy are among those exploring its offshore waters. Aminex may not be the first on the ground in Madagascar but for a small company it has been quick to gain a foothold in an emerging exploration hotspot.

The same goes for Kenya. Aminex is not the first but it is one of very few companies to be exploring these little known waters, which took a heavy blow earlier this year when a consortium led by Australias Woodside Energy drilled an expensive duster in the deep offshore. This was the first deepwater well in Kenyan waters and Woodside has taken time to assess the data before drilling a second well. Although the result was a disappointment, it certainly doesnt write off Kenya, which remains under-explored.

While other countries in the East African region have recently witnessed an unprecedented boom in exploration activity, Kenya has been relatively quiet, said chairman Brian Hall. Our exploration targets in L17 and L18 are a logical extension of the work we are already doing in Tanzania and Madagascar.

The two blocks together cover 5,000 sq km and stretch from the Tanzanian border to the Kenyan coastal town of Kilifi. Aminex and its partners have already acquired new 2D data over the offshore portions and a seabed core sampling operation has revealed encouraging shows of hydrocarbons. The PSC is for seven years, with the partners committed to acquire seismic in the first two years.

For reference :

On Line Limits are :


BUY 25K @ 26.53p

SELL 100 K @ 26.36



L2 is blue and 2 v 1 @ 26.25/27 (just DAVY on the offer)

Still ticking up nicely.

It appears the rig will be released very soon, and the expectation is now a mid-November spud for the first Tanzania well.


This update from one of the partners :

http://www.gtp.com.au/bountyoil/inewsfiles/Kiliwani%20release%2029Oct07.pdf


.

Nice post on TMF which goes through some of the US potential of Aminex :

http://boards.fool.co.uk/Message.asp?mid=10768621&bid=51587

"Author: Jimarilo

Hi Gtaval,

Don't forget there is still a chance we will also see some additional drill bit action from the US ;-)

"North America

Aminex is a producer of oil and gas in Texas and Louisiana and its principal interests are:

Alta Loma (gas production)

Somerset (oil production)

South Weslaco (gas production)

Shoats Creek (oil and gas production)

At Alta Loma, Galveston County, Texas, Aminex participates in a single gas well, Sunny Ernst n1, operated by Peoples Energy. Further drilling is planned in 2007.

At Somerset, Bexar County, Texas, Aminex owns and operates stripper production wells.

At South Weslaco, Hidalgo County, Texas, operated by Kaler Energy Corp., Aminex produces gas from three wells drilled and completed between 2005 and 2007. Two further development wells are planned for late 2007.

At Shoats Creek, Calcasieu Parish, Louisiana, Aminex owns and operates oil and gas production. A major re-evaluation of this property is in progress as current oil prices make redevelopment economic and a 3D seismic survey currently being carried out by Forest Oil over a wise area will become the basis of a development plan."

Paul"

Up a wee bit again.

I'm back in here again as it's potentially too exciting again not to have in the ISA.

http://www.marketwire.com/mw/release.do?id=788086


Nov 02, 2007 09:00 ET

Groundstar Resources Limited Provides a Brief Update of Egyptian Activities

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2007) - Groundstar Resources Limited (TSX VENTURE:GSA) -

West Esh El Mallala (WEEM) Block (1,328 sq. km.; 20% Working Interest)

The operator of the block, Aminex Egypt and Groundstar have contracted a brand new drilling rig for 18 months on a call out basis to drill on the WEEM block beginning in mid January 2008. The new rig rated at 2,000 hp is currently being inspected in China and scheduled to arrive in Egypt in December 2007. Two seismically defined prospects in the south part of the block near Lukoil's production area are to be drilled. The operator had a drilling window starting in late November for 2 wells with a local contactor that was later withdrawn. The drilling contract with Shingli Bohai Drilling Company is very attractive and is expected to meet all of the company's drilling requirements in Egypt.........................

PapalPower - You are doing a great job across a number of oilies, although I am not invested in all of them, I always read what you have to say and post.

Many thanks.

SWW

Your welcome SWW. Glad its useful.

Aminex PLC 05 November 2007

AMINEX PLC
DELIVERY OF RIG

Aminex PLC, the oil and Gas company listed in Dublin and London ('Aminex' or the 'Company') announces that it took delivery of the Caroil Rig-6 drilling unit at midnight on 2 November 2007.

The Caroil Rig-6 was handed over to Aminex's wholly-owned subsidiary Ndovu Resources Ltd., operator for a five company consortium which will drill Kiliwane-1, the first of two back to back wells on the Nyuni/East Songo-Songo licence offshore Tanzania in the Rufiji River delta. The rig, which has been substantially upgraded to meet the Company's requirements since it signed a drilling contract with Caroil SA in April this year, has recently drilled a successful development well in the neighbouring Songo-Songo gas field operated by Pan-African Tanzania Ltd.

Kiliwane-1 will be drilled from the islet of Kiliwane lying approximately one kilometre to the south-east of Songo-Songo Island and accessible from Songo-Songo via a causeway. It will be a directional well with the selected bottom hole location approximately 1,200 metres from the surface location. Drilled depth is planned to be approximately 2,500 metres and the target location is designed to test lower cretaceous sand stones which are the reservoirs at the Songo-Songo producing gas field.

Mobilisation to the well site and rig up is estimated to take approximately 2-3 weeks and a further announcement will be made when the well has been spudded.

Partners are:
Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil 6%

Just waiting for my 24p stop to kick in, funny its been at 24p to sell for about half hour yet and still not activated, dont really want to sell, but its going in the wrong direction and i have to be strict with myself

http://www.davydirect.ie/content/pubarticles/eqbrief20071109.pdf

For the moment, Aminex is essentially a play on East Africa as an emerging
hydrocarbon province and market. Artumas, a Canadian company listed on the
Oslo bourse, is also active in East Africa and as such it can be considered a peer of Aminex.
On November 8th, Artumas announced that it had successfully closed an
oversubscribed private placing. It raised gross proceeds of $170m in an equity
($100m) and convertible bond issue (6% annual coupon rate). Artumas's success
at raising funds under very difficult market conditions clearly demonstrates investor appetite for exploration along the East Africa margin. Much of the funds raised will be used to explore for crude oil in the Rovuma Basin, which spans Tanzania and Mozambique. Aminex and Tullow are partners in blocks on the Tanzanian side of the Rovuma Basin.
Aminex is due to commence drilling on a gas target offshore Tanzania in the next two to three weeks. Should Aminex find gas, Tanzania represents a good local market for future production. The national utility is set to raise gas prices and has recently secured funds to convert a heavy fuel power station to take gas as feedstock.

http://www.investegate.co.uk/Article.aspx?id=200711160701278579H

Aminex PLC
16 November 2007

AMINEX PLC

KILIWANI-1 WELL SPUD

Aminex PLC, the London and Dublin listed oil and gas company, ('Aminex' or the
'Company') today announces the spudding of the Kiliwani-1 well on the Nyuni/East Songo-Songo licence offshore Tanzania. The well was spudded at 1830 local time in Tanzania on 15 November.

The well is being operated by Aminex's wholly-owned subsidiary Ndovu Resources
Ltd. on behalf of a five company consortium. Joint venture partners are:

Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil & Gas NL 6%

Kiliwani-1 will be drilled from the small island of Kiliwani, approximately one
kilometre to the south-east of Songo-Songo Island and accessible from
Songo-Songo via a causeway. It is be a directional well with the selected
bottom hole location approximately 1,200 metres from the surface location.
Drilled depth is planned to be approximately 2,500 metres and the target
location is designed to test Lower Cretaceous sand stones which are the
reservoirs at the Songo-Songo producing gas field.

A map showing the exact location of the well is available with this announcement on Aminex's website at www.aminex-plc.com.

Mobilisation to the well site on Kiliwani Island and rig up, originally
estimated to take approximately 2-3 weeks, have been successfully completed in
12 days.

Progress reports on the drilling will be released when appropriate.

For further information:
Brian Hall Aminex +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679


To view maps showing the location of the Kiliwani-1 well click on the following link:

http://www.rns-pdf.londonstockexchange.com/rns/8579h_-2007-11-15.pdf