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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.

THE INDEPENDENT-BP and Shell fight over African oil find,MARK LEFTLY SUNDAY 18 MARCH 2012
http://www.precogz.com/home/

Just look at the buying here.....news anyone ?.....

Tip sheet out recommending buy AEX, hence the increased volume today.

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Anybody know why Tullow pulled out?

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What would a chartist make of this?

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run for the hills - plugged well!!!

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