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

buy aen

Perfectly reasonable suggestion Tanker but care to explain why?

700p on way. thats my thoughts.

LOL! But why Tanker? Whats changed?

Don't wait forever Bema!

AEX showing considerable strength after I sold, but have switched my gains into CSB which seems to me to be out of phase with AEX and perhaps due for a rise after paying a huge maiden dividend. Has everyone noticed EDR ? it's even outpaced AEX.

Not since 4/8 when AEX started to move it hasnt.

What would I rather have AEX at 35m or EDR at 40m. I know which has the bigger potential.

Silly making comparisons anyway.

i just thught it would resta little

i have now moved back into aex . loking for 2 pound rise.

Arent we all Tanker!

Come one mate, you gotta justify posts like that. You arrived at 2 pounds how exactly?

energy is power this stock is now well below value.over sold.

Tanker
I think 2 quid may be some time coming (maybe some stage next year if all the North Korea political business turns out fine).
However 50p should certainly not be beyond possibility in the next 3 months.
At that price the company would be valued at just under 80 million which seems very reasonable for all the potential that it has (ie all the African and American interests as well as the potential from DPRK).
You can just see one or two of the newspaper tipsters having it as their Share of the Year tip for 2006 !!!

K******

krypton/ i am on about aen thanks in response to bugz.

krpton i am hoping to buy this back @23p 24p in two weeks.

The whole potential here is very dependant on the state of NK of course. Kim is supposed to be indicating which son he wants to succeed him in the coming months.

Who he decides could be pivotal to this stock.

Dont get me wrong Tanker, I'm really excited about AEX, its just we have NO idea how much potential oil there is in NK. Indeed, it could be 5 a share, but then it might never happen.

I do agree with the short term rise possibilities-just waiting for cash and a good time to jump aboard.

You still waiting Kaysmart?

Yes Bugs I am still waiting. I did place an order to buy 250k@20p for the last few days but as you can see MMs are not in my favor. Lets see whats happen in the next few days. Just hope no newspaper pundits or tipsters recommend it to their readers or we will have a problem getting back at a reasonable price. I am sure it will come down further because I think it went up too much too quick.

Nice chance to top up in case of any weekend press?

Hi Bugz
Just bought some! I could not resist being without AEX, the last two trades are mine, wanted to buy 200k but did not get it had to split my orders and managed to get ONLY 50000. I think I will just keep on buying until I get my 250k added to my portfolio to make my total holding to 500k. Then just sit and watch. One think I have learnt from my mistake never sell a good stock to fund a bad one. This is what I did last week; I sold AEX to buy GKP. Never again will I make the same mistake. I hope you get back in soon.

Interseting article if anyone wants to have a read.
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602162.html?referrer=email&referrer=email

Great find indeed kaysmart!

Unfortunately I'm out of these at the mo. Hoping to be back in at some point in the very near future. Have been in and out twice and made good profits both times so can't complain. Next time I hope to be in for the long term......always was my intention in the first place.