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


.

.

.

LIBC are offering to BUY at 9.75p.

But KBC are willing to sell at 13p.


Its what I call an order book, and looking at the top and bottom of it....... LOL :)

.

.

mnamreh,

re your last:
if you have time/inclination could post edited highlights [or the whole thing if short] please as i dont go on iii.

regards
Alex

Post from III :


Wed 09:22 Email to Aminex and their reply Invest4Value 27

I thought i'd grab the bull by the horns and email Aminex to get their views on when the next well is likely to be drilled in Tanzania. I emailed them yesterday and by the evening, i'd already got a reply. My email and their reply are shown below:

_____________________________________________________________


Subject: Follow-up Exploration activity in Tanzania

Good Afternoon,

Im a shareholder in Aminex and am interested in getting an update on Aminexs plans for a 2nd drill in the Ruvuma basin? I appreciate this well is being drilled by Tullow in conjunction with Aminex, but I was wondering whether you have any information regarding which quarter the well is likely to be drilled, or failing that, any indication of when news will be available? I note from Aminexs RNS on Likonde-1 that Brain Hall commented that further exploration activity is anticipated to be fast-tracked so Im just trying to get a better understanding of what that means.

Any information you can give me would be most appreciated.

Many thanks for your assistance,

Regards,
_____________________________________________________________


Thanks for this inquiry. There is a lot of evaluation to be done on L-1 and a wealth of data to work on. Like all these first wells in a frontier area L-1 was full of surprises, mostly good though. We have to do further seismic reprocessing and possibly further seismic acquisition too. We are of course in Tullows hands on this one but confident that they will make good progress. My best estimate is that we will have drilled a second well by sometime during Q1 2011, which would be quite a fast track although it may not seem like that to you! It could be sooner but it is hard for me to be too precise, because, for instance we are still waiting on analysis of various kinds of samples etc. from labs and very much still at the planning stage for the way ahead.

L-1 did not get the result we hoped for but it is a very exciting play indeed and Tullow a really good partner to have because they get after these things!

Best regards,

Brian Hall
Executive Chairman
Aminex
______________________________________________________________


I like Brian's reply for a couple of reasons:

1) It came from Brian himself (Executive Chairman) rather than from some Investor Relations clerk. I think that is a very nice touch and shows that they value their private investors.

2) Brian is clearly still very excited by the prospects for Tanzania. There is obviously much work needed to be done in terms of seismic re-processing, lab tests etc, but the fact that Aminex still sound so confident about the future prospects for Tanzania, does fill me with confidence.

Quite a frank and candid reply from Brian which I liked. A drill in early 2011 fits in with my initial thoughts of when the next drill was likely to be, although as he says "it could be sooner". I also like the fact that Brian comments that Likonde-1 was full of surprises "mostly good though".

I'm definitely staying in Aminex for the long term. Ignoring Tanzania for a moment they have so much going on over the coming months. To my mind there has probably been a large seller over the past couple of weeks or so, hence the general drip down in sp (together with the news of L-1 of course), but once they are out of the way, and we get updates on Shoats Creek, Egypt, North Korea etc, I think we will start to see solid and sharp gains in the sp.

These are just my opinions of course, but good luck to all...

.

thanks guys a bit of team work goes a long way.
Much appreciated
Alex

Sold out all the short term holding now, keeping only the long term in place now.

Short term monies that were in here are now into DPL, ready for their Uganda drill, potential company maker, which should spud in about 8 weeks or so.

Should rebound, but it's taking more time than I'd have thought....looking quite cheap...update from USA due....

.

Very disappointing sp here...considering the relative success, not failure of the Likonde well, I would have expected the sp to remain around 13 to 15 p... not below 11p....

.

I'm in this and it's partner minnow solo. Both disappointing so far but solo is rising today though still a bit to go before I'm b/e---maybe Tullow are going to release an update?

.

.

This is now ridiculous.....If you has said to me a couple of months ago that the sp would go back to 8p.....nuts....

I don't think it is ridiculous. If there is a fear that countries are going bust then all tiddlers are going to get sold off to peanuts irrespective of prospects.

Getting the timing right on entry is the key.