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Aminex Plc - Exciting Times Ahead (AEX)     

PapalPower - 04 Oct 2007 16:18

Chart.aspx?Provider=EODIntra&Size=283*18Chart.aspx?Provider=Intra&Code=AEX&Size=

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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PapalPower - 03 Nov 2007 17:52 - 43 of 562

http://www.marketwire.com/mw/release.do?id=788086


Nov 02, 2007 09:00 ET

Groundstar Resources Limited Provides a Brief Update of Egyptian Activities

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2007) - Groundstar Resources Limited (TSX VENTURE:GSA) -

West Esh El Mallala (WEEM) Block (1,328 sq. km.; 20% Working Interest)

The operator of the block, Aminex Egypt and Groundstar have contracted a brand new drilling rig for 18 months on a call out basis to drill on the WEEM block beginning in mid January 2008. The new rig rated at 2,000 hp is currently being inspected in China and scheduled to arrive in Egypt in December 2007. Two seismically defined prospects in the south part of the block near Lukoil's production area are to be drilled. The operator had a drilling window starting in late November for 2 wells with a local contactor that was later withdrawn. The drilling contract with Shingli Bohai Drilling Company is very attractive and is expected to meet all of the company's drilling requirements in Egypt.........................

seawallwalker - 03 Nov 2007 19:06 - 44 of 562

PapalPower - You are doing a great job across a number of oilies, although I am not invested in all of them, I always read what you have to say and post.

Many thanks.

SWW

PapalPower - 04 Nov 2007 01:58 - 45 of 562

Your welcome SWW. Glad its useful.

PapalPower - 05 Nov 2007 07:51 - 46 of 562

Aminex PLC 05 November 2007

AMINEX PLC
DELIVERY OF RIG

Aminex PLC, the oil and Gas company listed in Dublin and London ('Aminex' or the 'Company') announces that it took delivery of the Caroil Rig-6 drilling unit at midnight on 2 November 2007.

The Caroil Rig-6 was handed over to Aminex's wholly-owned subsidiary Ndovu Resources Ltd., operator for a five company consortium which will drill Kiliwane-1, the first of two back to back wells on the Nyuni/East Songo-Songo licence offshore Tanzania in the Rufiji River delta. The rig, which has been substantially upgraded to meet the Company's requirements since it signed a drilling contract with Caroil SA in April this year, has recently drilled a successful development well in the neighbouring Songo-Songo gas field operated by Pan-African Tanzania Ltd.

Kiliwane-1 will be drilled from the islet of Kiliwane lying approximately one kilometre to the south-east of Songo-Songo Island and accessible from Songo-Songo via a causeway. It will be a directional well with the selected bottom hole location approximately 1,200 metres from the surface location. Drilled depth is planned to be approximately 2,500 metres and the target location is designed to test lower cretaceous sand stones which are the reservoirs at the Songo-Songo producing gas field.

Mobilisation to the well site and rig up is estimated to take approximately 2-3 weeks and a further announcement will be made when the well has been spudded.

Partners are:
Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil 6%

BigTed - 08 Nov 2007 08:49 - 47 of 562

Just waiting for my 24p stop to kick in, funny its been at 24p to sell for about half hour yet and still not activated, dont really want to sell, but its going in the wrong direction and i have to be strict with myself

PapalPower - 10 Nov 2007 03:12 - 48 of 562

http://www.davydirect.ie/content/pubarticles/eqbrief20071109.pdf

For the moment, Aminex is essentially a play on East Africa as an emerging
hydrocarbon province and market. Artumas, a Canadian company listed on the
Oslo bourse, is also active in East Africa and as such it can be considered a peer of Aminex.
On November 8th, Artumas announced that it had successfully closed an
oversubscribed private placing. It raised gross proceeds of $170m in an equity
($100m) and convertible bond issue (6% annual coupon rate). Artumas's success
at raising funds under very difficult market conditions clearly demonstrates investor appetite for exploration along the East Africa margin. Much of the funds raised will be used to explore for crude oil in the Rovuma Basin, which spans Tanzania and Mozambique. Aminex and Tullow are partners in blocks on the Tanzanian side of the Rovuma Basin.
Aminex is due to commence drilling on a gas target offshore Tanzania in the next two to three weeks. Should Aminex find gas, Tanzania represents a good local market for future production. The national utility is set to raise gas prices and has recently secured funds to convert a heavy fuel power station to take gas as feedstock.

PapalPower - 16 Nov 2007 07:46 - 49 of 562

http://www.investegate.co.uk/Article.aspx?id=200711160701278579H

Aminex PLC
16 November 2007

AMINEX PLC

KILIWANI-1 WELL SPUD

Aminex PLC, the London and Dublin listed oil and gas company, ('Aminex' or the
'Company') today announces the spudding of the Kiliwani-1 well on the Nyuni/East Songo-Songo licence offshore Tanzania. The well was spudded at 1830 local time in Tanzania on 15 November.

The well is being operated by Aminex's wholly-owned subsidiary Ndovu Resources
Ltd. on behalf of a five company consortium. Joint venture partners are:

Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil & Gas NL 6%

Kiliwani-1 will be drilled from the small island of Kiliwani, approximately one
kilometre to the south-east of Songo-Songo Island and accessible from
Songo-Songo via a causeway. It is be a directional well with the selected
bottom hole location approximately 1,200 metres from the surface location.
Drilled depth is planned to be approximately 2,500 metres and the target
location is designed to test Lower Cretaceous sand stones which are the
reservoirs at the Songo-Songo producing gas field.

A map showing the exact location of the well is available with this announcement on Aminex's website at www.aminex-plc.com.

Mobilisation to the well site on Kiliwani Island and rig up, originally
estimated to take approximately 2-3 weeks, have been successfully completed in
12 days.

Progress reports on the drilling will be released when appropriate.

For further information:
Brian Hall Aminex +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679


To view maps showing the location of the Kiliwani-1 well click on the following link:

http://www.rns-pdf.londonstockexchange.com/rns/8579h_-2007-11-15.pdf

PapalPower - 16 Nov 2007 10:06 - 50 of 562

Update from Davy released this morning :

http://www.davy.ie/content/pubarticles/eqbrief20071116.pdf

".......Aminex spudded its Kiliwani-1 well on the Nyuni/East Songo-Songo licence offshore Tanzania yesterday (November 15th). A directional well is being used to drill from a small island next to Songo-Songo island and is targeting sandstones 2,500 metres deep. It should take approximately 45 days to drill.
The target sands are the reservoirs at the neighbouring Songo-Songo gas field.
This is a producing field (c. 9,800 boepd) with some 600 BCF of gas reserves and associated infrastructure (pipeline and processing plant). There is a large market for gas in Tanzania, where electricity shortages are common.
Aminex holds a 39% interest and is operator on the licence.........."

PapalPower - 21 Nov 2007 01:26 - 51 of 562

Some more details on the ongoing drill :

http://www.gtp.com.au/bountyoil/inewsfiles/ASX%2019%2011%2007%20re%20Nyuni.pdf


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PapalPower - 21 Nov 2007 01:30 - 52 of 562

As of 6am on 19th Nov they were at 318m depth.

http://www.asx.com.au/asxpdf/20071120/pdf/315xzx9sxsn91r.pdf


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BigTed - 22 Nov 2007 18:27 - 53 of 562

not sure why the drop this afternoon, but proves to me, yet again, the importance of stop losses, will be looking to re-enter this one if there is no reason for fall...

PapalPower - 23 Nov 2007 04:15 - 54 of 562

I would suspect a few people are hurting on margins, and so selling anything they can to raise money.

Good buying opportunity imv.

BigTed - 23 Nov 2007 09:04 - 55 of 562

Back in this am, hopefully catch some good results...

PapalPower - 25 Nov 2007 06:23 - 56 of 562

Edison note on "Junior Oils" - mentions AEX, NPE amongst others.

PDF file can be downloaded on the link below :

http://www.esnips.com/doc/128fc9a0-7004-48dd-bf19-57e9a14e1055/JuniorOil


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PapalPower - 29 Nov 2007 08:40 - 57 of 562

Presentation from Key Petroleum (partner to AEX on the Tanzania drills).

Contains good information on the Tanzania and the ongoing, and next up drill.


http://www.asx.com.au/asxpdf/20071129/pdf/3164s8246ttg3v.pdf



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PapalPower - 05 Dec 2007 14:50 - 58 of 562

Encouraging Gas Shows in Kiliwani 1

Update from Bounty over on ASX earlier :-


http://www.asx.com.au/asxpdf/20071205/pdf/3169fm972cgb6m.pdf


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Toya - 05 Dec 2007 15:09 - 59 of 562

Ah - that explains the rise! Thanks PP.

Toya - 06 Dec 2007 08:18 - 60 of 562

Still going up this morning. I've not seen an RNS for the above yet.

PapalPower - 11 Dec 2007 09:05 - 61 of 562

Over half way to TD now :

http://www.asx.com.au/asxpdf/20071211/pdf/316dyf80qrhdcq.pdf


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PapalPower - 21 Dec 2007 02:13 - 62 of 562

RNS Number:4269K
Aminex PLC
20 December 2007

AMINEX PLC

INVESTOR PRESENTATION

Aminex PLC ("Aminex"), the oil and gas company listed in London and Dublin, has
recently made presentations to investors. A copy of the presentation is
available on Aminex's website, www.aminex-plc.com



Direct link to the PDF file : http://www.aminex-plc.com/Resources/Aminex_Presentation_Dec07.pdf

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