.

I would take a guess at item 1.

They have just reached the casing point before entering the potential target at 2750. However, prior to reaching 2750 they have found a good quality reservoir with strong gas shows.

They will log this first and obtain all the necessary data before they start drilling again - just in case the target below 2750 is very high pressure gas and this could mean they would not be able to test this section they are testing now due to well control problems.

So a very good chance, imo, we will see logging results and then a continuation of drilling down into the target seen below 2750 metres.


I think some of you maybe just maybe missing a trick.

The initial thought was that a deeper target existed at 2750m. What if they have incepted gas bearing sands AND haven't yet reached this target given they have stopped drilling at 2750m.

I can think of three reasons why they would stop at 2750m

1) They have encountered the seal of the target at 2750m and wanted to ensure they logged and potentially tested the current gas bearing sands. That might not have been possible if they intersected high pressure gas below 2750m ala Likonde (I'll even speculate that this is the same sands being targeted that had high pressure gas at Likonde).

2) The gas bearing sands encountered are the target thought to have been at 2750m and have now been drilled through giving a maximum thickness of 90m though likely much less.

3) They have encountered gas shows all the way through but well control is starting to get difficult so decided to stop to enable logging and potentially testing.

All three scenarios are potentially game changing for AEX, some could be company making. Imagine 600BCF 75% owned on land.

Now if they do make a major gas discovery I'll wager AEX and Solo get funding in place for a swift appraisal. I also think Likonde would be revisited in this scenario.


JonnyT

AEX on fire.......

My tiny 50K share holding is worth more, much more........ not a lot, but at least its looking more likely it might pay for a nice holiday.....come on AEX, commercial gas find please.

COV sold for 195p a share.

If only AEX can find some onshore commercial gas, I am sure someone would buy them to go with the offshore gas discoveries.

sp rising nicely this morning.

Well I am taking a guess that both LOGP and AEX will have news on Monday morning. Going to be an exciting week ahead.

You still in Pro?

Gas and maybe oil at a lower level.

http://www.moneyam.com/action/news/showArticle?id=4316635

I've just had the a look at today's RNS. Seems very positive.

"Ntorya-1 well has established for the first time the presence of reservoired hydrocarbons onshore. Given current plans to develop major gas infrastructure on the coast just 25 kilometres away, this has the potential for commercial development and opens new possibilities in the underexplored onshore regions of our Ruvuma block PSA."

No, I was out of here late last week.

Interesting.

25M giving 3M net pay. Another 16.5M lower down so perhaps another 2M of net pay.

Total perhaps 5M net pay.

I would say this is more of a holding RNS to keep people attracted while they now test the deeper target and hope for something bigger.

Exciting times.

la thanks for the call you should now look at taking a profit

.

SOLO have issued another gazillion shares!

.

LOL.,.

la see you at 12 in pub

.

That will pay for the deepening of this well at Ntorya-1.

Doing well today!

Oilbarrel,com

March 14, 2012

Aminex Goes On The Acquisition Trail To Create Africa-Focused E&P

When Stuard Detmer took over as chief executive of London-listed Aminex late last year, he embarked on a tour of the company’s assets (although he left out North Korea, for obvious reasons). At the end of this review, it was very clear that the company’s future lies in Africa, where, in Tanzania, it already has a toehold in what Detmer calls a “white hot area”. The ex-Sibir Energy boss is keen to leverage the experience gained in Tanzania, which was stone cold when Aminex made its first investments over a decade ago, and secure further assets in this resource-rich continent.

“We see a lot of opportunity down there,” Detmer tells oilbarrel.com. “The type of opportunities that could quadruple, quintuple, or even make this company ten times more valuable than it is today

Might be a good punt here as with a discovery already under their belt and are now deepening the well, so even if nothing is found I would not expect the sp to tumble much, au contraire the upside could be substantial or a few pennies anyway.