| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
Aminex Plc - Exciting Times Ahead (AEX)
PapalPower
- 04 Oct 2007 16:18
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
.
PapalPower
- 26 Oct 2007 09:09
- 33 of 562
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.
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.
PapalPower
- 28 Oct 2007 13:50
- 34 of 562
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.keypetroleum.com/reports/KEYPETROLEUMLTD2007ANNUALREPORT.pdf
.
PapalPower
- 29 Oct 2007 08:25
- 35 of 562
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."
"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."
lanayel
- 29 Oct 2007 08:31
- 36 of 562
......and the share price is quite perky this morning too !!!
;o)
;o)
PapalPower
- 29 Oct 2007 09:09
- 37 of 562
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.
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.
PapalPower
- 30 Oct 2007 08:55
- 38 of 562
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)
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)
PapalPower
- 30 Oct 2007 15:19
- 39 of 562
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
.
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
.
PapalPower
- 31 Oct 2007 00:38
- 40 of 562
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"
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"
PapalPower
- 31 Oct 2007 14:37
- 41 of 562
Up a wee bit again.
Greyhound - 31 Oct 2007 14:44 - 42 of 562
I'm back in here again as it's potentially too exciting again not to have in the ISA.
PapalPower
- 03 Nov 2007 17:52
- 43 of 562
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.........................
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.........................
seawallwalker
- 03 Nov 2007 19:06
- 44 of 562
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
Many thanks.
SWW
PapalPower
- 04 Nov 2007 01:58
- 45 of 562
Your welcome SWW. Glad its useful.
PapalPower
- 05 Nov 2007 07:51
- 46 of 562
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%
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%
BigTed
- 08 Nov 2007 08:49
- 47 of 562
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
PapalPower
- 10 Nov 2007 03:12
- 48 of 562
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.
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.
PapalPower
- 16 Nov 2007 07:46
- 49 of 562
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
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
PapalPower
- 16 Nov 2007 10:06
- 50 of 562
Update from Davy released this morning :
http://www.davy.ie/content/pubarticles/eqbrief20071116.pdf
".......Aminex spudded its Kiliwani-1 well on the Nyuni/East Songo-Songo licence offshore Tanzania yesterday (November 15th). A directional well is being used to drill from a small island next to Songo-Songo island and is targeting sandstones 2,500 metres deep. It should take approximately 45 days to drill.
The target sands are the reservoirs at the neighbouring Songo-Songo gas field.
This is a producing field (c. 9,800 boepd) with some 600 BCF of gas reserves and associated infrastructure (pipeline and processing plant). There is a large market for gas in Tanzania, where electricity shortages are common.
Aminex holds a 39% interest and is operator on the licence.........."
http://www.davy.ie/content/pubarticles/eqbrief20071116.pdf
".......Aminex spudded its Kiliwani-1 well on the Nyuni/East Songo-Songo licence offshore Tanzania yesterday (November 15th). A directional well is being used to drill from a small island next to Songo-Songo island and is targeting sandstones 2,500 metres deep. It should take approximately 45 days to drill.
The target sands are the reservoirs at the neighbouring Songo-Songo gas field.
This is a producing field (c. 9,800 boepd) with some 600 BCF of gas reserves and associated infrastructure (pipeline and processing plant). There is a large market for gas in Tanzania, where electricity shortages are common.
Aminex holds a 39% interest and is operator on the licence.........."
PapalPower
- 21 Nov 2007 01:26
- 51 of 562
Some more details on the ongoing drill :
http://www.gtp.com.au/bountyoil/inewsfiles/ASX%2019%2011%2007%20re%20Nyuni.pdf
.
http://www.gtp.com.au/bountyoil/inewsfiles/ASX%2019%2011%2007%20re%20Nyuni.pdf
.
PapalPower
- 21 Nov 2007 01:30
- 52 of 562
As of 6am on 19th Nov they were at 318m depth.
http://www.asx.com.au/asxpdf/20071120/pdf/315xzx9sxsn91r.pdf
.
http://www.asx.com.au/asxpdf/20071120/pdf/315xzx9sxsn91r.pdf
.
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter