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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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 :):):):)):):)

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Listen to what they say in here about Likonde-1.

All looking fine with the news today, I reckon they are testing and evaluating something, maybe encountered multiple targes.

http://www.thomson-webcast.net/uk/dispatching/?tullowoil100310

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Given AEX is fully listed and can be put into your ISA.

Worth a read :

http://www.fool.co.uk/news/investing/2010/03/12/time-is-running-out-for-isas.aspx

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Still no sign of party poppers, paper hats, bubbly ?......they must know by now whether it's gas, oil, a duster or the need for a second well on potential !....

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I have quite a few of these, so....getting a bit nervous and impatient...and probably will not sell in the event of a duster because Shoats Creek and Nyuni should make the sp bounce back later.

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http://www.investegate.co.uk/Article.aspx?id=201003170700106994I

Aminex PLC
RNS Number : 6994I
Aminex PLC
17 March 2010

DRILLING SUCCESS AT SHOATS CREEK, LOUISIANA

Aminex PLC ("Aminex" or the "Company") announces that the Olympia Minerals-1 well at Shoats Creek, Louisiana (OM-1) has reached total measured depth ("MD") of 9,508 feet MD (2,898 metres MD). Wireline logs have identified several potential oil and gas bearing intervals in Cockfield sands between 8,200 and 9,335 feet. The sands identified closely match the prognosis obtained from interpretation and mapping of new 3D seismic over the property.

OM-1 has now been cased and a testing programme will be initiated in the immediate future, commencing with the perforation of an interval at 9,320 feet MD (2,840.6 metres MD). Following the test results it is anticipated that the well will initially be placed on commercial production from one or more zones.

Aminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 100% working interest in OM-1. Further drilling is planned at Shoats Creek this year with the high possibility of drilling a well to test the deeper Wilcox sands identified by 3D seismic. The Wilcox sand is a prolific oil producer in the Gulf of Mexico region but has never been produced in this field.

Commenting on the well result Aminex chairman Brian Hall said:"OM-1 is the first new well to have been drilled by our US subsidiary as operator for several years, encountering the Cockfield sands exactly as anticipated. Full credit is due to our in-house exploration team which successfully undertook a very complex 3D interpretation and to our operations team which drilled the well on time and under budget. Shoats Creek has been a dormant asset of the Company for many years with only limited production but the new 3D seismic is now allowing us to begin exploiting its full potential which should transform our US producing operation."

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This good news will prevent a sp slump in the event of a Likonde failure....but also should add a few pennies...it could be that they are testing several zones at Likonde ...hence the long delay for the much awaited rns....(just guessing)....

Well done all.

Worth looking over the 2010 plans, lots of things going on and even if Likonde-1 is inconclusive the Ruvuma license is very large with many other leads, five have been identified, a lot of the license is virgin and as yet not looked into, and one of those 5 is now presently being drilled (Likonde-1) after the TLW geologists liked the look of it and fast tracked it. Still, even an inconclusive Likonde-1 will give lots of valuable geologic information to make a better informed decision on a potential Q4 follow up well on the Ruvuma license.

But, we all hope for oil and lots of it at L-1 :



Summary Drilling Programme

Aminex is planning an active drilling programme in 2010 and the following is a
provisional drilling schedule. Precise timing of drilling is always subject to
operational issues and cannot be guaranteed.


Q1 well starts


* Likonde-1, Ruvuma basin, Tanzania (7 January)

* Cockfield well at Shoats Creek, Louisiana (15-31 January)

* Frio well at Shoats Creek, Louisiana (mid-end March)



Q2 well starts


* Sunny Ernst-3, Alta Loma, Texas (mid-June)



Q3 well starts


* Wilcox well at Shoats Creek (subject to farm-out)

* Possible further Cockfield/Frio drilling at Shoats Creek



Q4 well starts


* Provisional follow-up well at Ruvuma

* Nyuni follow-up well (or early 2011)