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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Talking of potential valuations for oil in Tanzania, should TLW/AEX/SOLO find some.

A lot of people who wish to talk the price down (whilst they buy more) will be attempting to portray 2$ or 3$ a barrel undeveloped as adequate pricing levels.

This would be total nonsense, as you would expect from those busily trying to buy a bigger stake on success.


Uganda is valued at 5$ a barrel and that is oil that must be transported over 1300 kilometers to the coast is it ?

Likonde-1 is very near the cost, is it less than 20 kms from the nearest sea port ?

Therefore any oil, should it be found, should be valued at way above the 5$ the Ugandan oil that must be transported near 1300 kms is valued at by analysts.


Remember that when you do any calculations.

I think that we are a bit ahead of ourselves.....I'm expecting a duster ( well in my mind anyway), because to me, hitting a big strike of in excess of 50 million barrels would be unbelievably fantastic....so I'm ready for the sp to go back to 10 or 11p for a while anyway...best not to count the chickens before they hatch !.

Any signs of parties at their offices ?...crates of beer arriving...corks being popped...champagne ?.....females coming and going ?,.... or is it hands in the head times ? and early nights ?...time for a bit of industrial espionage !...je crois...!.

RF, we all expect a duster, its only normal to expect the worst, however, you cannot rule out a large oil find, or a large gas find.

Time will tell.

Plenty of other prospects for Aminex, that's the beauty of this little "Isable" company....very undervalued even without the Likonde possible discovery !.

Its quite natural for everyone to expect the well to be bad and a P&A result. That because the percentage game will always say thats the most likely outcome, but remember, from time to time oil does get discovered :)

However, one must remember that Tullow have a very good record with the drill bit which is down to their team of people.

Now these very same people fast tracked Likonde-1 on seismic reprocessing as they saw the oil potential there.

To quote :

http://www.proactiveinvestors.co.uk/companies/news/12002/solo-oil-aiming-to-become-a-pioneer-oil-producer-in-tanzania-12002.html

.......“Tullow’s geologists are very excited about this. It’s the same group that runs Uganda and they believe they can see a lookalike of the Buffalo discovery” – Brian Hall, Executive Chairman Aminex, 29 October 2009...........


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Thanks Proselenes...keep up the good work.....love reading your very informative posts.

Still no update....I'm having doubts as to the Likonde well being successful now....but will stay put for the Shoats creek update.

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Sometimes no news is a good news ... and sometimes bad :):) I have my doubts as weell. What sort of price movements shall we expect in case of bad news from Likonde and the good one from Shoats Creek ?

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Minus 4p probably and then a gentle climb back to where it is today...

Hey guys...plus 1p in a short time.....any leaks...?.

yes something is up, but no idea if its a good one or ....

Well, finally, there should be "news tomorrow". Well its today now already.

TLW results are due out, so perhaps we will get an "intermediate" update detailing how far has been drilled, and that logging/testing whatever is ongoing.

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:) update which doesn't say anything to me but I think we have some guys here who knows a little bit more about it, any interesting interpretation of this update?

They might as well not have bothered.....what was that sat telephone number again of that cousin of your's on the rig ?....

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nothing to say :) maybe I'll try to find someone on Facebook or Twitter :):):):)):):)