From the latest company's drilling update....17 Feb

http://moneyam.uk-wire.com/cgi-bin/articles/200402170700084897V.html

Can anyone with mining knowledge explain these terms....

What does sidetracking mean? Approx how ong will that take?
Approx. how long will it take to correct a deviated section?
Is 'crude oil in shale samples' a good indication that there is oil?
Is 'Gas-bearing porous sands being logged' a good indication that there is gas?
Basically what does logging involve ?

Any views re AEX potential??

Regards
Stephen

Darron, thanks for the heads up on the presentation post, will read in detail later. I take it you were at the meeting? Seems to have been an extremely positive reaction to the presentation. Happy days for me all round!

From today's Independent:

"Aminex added 1.75p to 19.25p after the Irish oil explorer was heard to have made a series of bullish presentations to institutional investors in Dublin and London. Aminex certainly operates in some of the world's more exotic countries. It secured an oil concession in Madagascar this week and has assets in North Korea, making it one of only handful of companies which have exposure to the most closed society on the planet."

http://news.independent.co.uk/business/analysis_and_features/article321196.ece

Aye Gav that I was.

Significantly increased the position too.

why was he banned?, he had some sensible comments unlike the idiots that provoked him.

banned from comments on SEO thread.

AEX is storming now - up another 9% today. At this rate looking to test the 24p level soon!

Out of interest, what are peoples price expectations by year end?

Somehow I thought if there was a presentation to major shareholders then you would be there Darron! No need to ask if it went down well then! :-))) Had a few more myself this morning after selling put of ESY after the Sky announcement, so a great end to my week. I hear the beers calling!

Greyhound, I haven't set any price targets for y/e as I'm planning on holding this for quite a while.

Whilst AEX has been soaring, practically all the other oil minnows, as well as AIM stocks generally have been taking a battering. Isn't it time to take profits on AEX?

Squidd.
The general opinion, certainly on TMF, seems to be that Aminex is seriously undervalued compared to the other 'minnows'.
Therefore I suspect that, even if other oilies are subject to profit taking, Aminex still has a huge amount of catching up to do to even approach a fair valuation of where the company currently stands with respect to the potential in North Korean and Africa.
Additionally the 6 party talks with North Korea regarding their nuclear programme will begin again in November I believe. Any progress will result in a huge gain for the SP.
I do not think this is one to take profits on just yet !!!!
IMHO

Mono

Good to see Rickerbys Nominees advising their holding has increased by 2m shares - and the price rolling on today. Was there any weekend publicity on this one?

No press comment over the weekend - just heavyweight discussion on the BB's.

Therefore any press comments this week will just be the icing on the cake.

Mono

i have now looked again and i now say 30p soon,

i have now looked again and i now say 30p soon,

Time to take profits, I don't think we're going much higher, it's had a very good run from 6p this summer and the N Korea is still a very long way off and any contract with thm is at best iffy.

"Was there any weekend publicity on this one?"

See:

http://lemminginvestor.com/FreeStuff.html

http://lemminginvestor.com/secure/Aminex.html

So annoyed I jumped at 18p back in sept-didnt drop back enough to get back in!

(Sigh!!)

I'd def take profits and then get back in once the present interest wains....Good call Robstuff.

Will it wane?

Can't it myself, things are coming togther rapidly.

Rickerbys seem to have great faith, they must be approaching double money by now.

Very interesting.

Does anyone know what drove AEX from 5p to 90p in 6 months in 1993? Presumably it was a very different company back then. (I'm not suggesting it's going to 90p before anyone thinks that).

Greyhound,

" Does anyone know what drove AEX from 5p to 90p in 6 months in 1993?"

Best not to dwell of Russian dreams. AEX is now a different beast.

If you like oil & gas play`s Lemming Investor is for you. Authors have covered AGC, ALK, DGO, BUR, EEN, JKX, PET,and now AEX, which is already in the money. The average gain for the oil and gas companies featured is a staggering 227%. Do you know of another site offering those gains in the same sector?

The AEX report is 6 pages long, highlighting several avenues for readers to explore. Its an excellent report.

Thanks Llcom - was just wondering and suspected it was/is a different company now only I haven't followed AEX that long, but have reaped rewards with JKX, BUR, GKP etc..