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

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.

Aminex PLC
31 October 2005

31 OCTOBER 2005

AMINEX PLC


NEW PRODUCTION SHARING AGREEMENT IN TANZANIA

Aminex PLC ('Aminex') announces the signing of a Production Sharing Agreement
('PSA') in Tanzania between its wholly-owned subsidiary Ndovu Resources Ltd.,
the Tanzanian Minister of Energy and Minerals and the Tanzanian state oil
company, Tanzania Petroleum Development Corporation ('TPDC').

The PSA is in the Ruvuma Basin area of southern Tanzania, partly onshore and
partly offshore. The Ruvuma River is Tanzania's southern border with Mozambique
and on the Mozambique side there is a current international licensing round in
progress. Aminex's new PSA is adjacent to Tanzania's Mnazi Bay gas field
development.

This Ruvuma Basin acreage was previously held by Ndovu Resources Ltd. under a
Technical Evaluation Agreement.

The PSA is divided into two areas, Mtwara and Lindi, with a combined surface
area of approximately 12,000 square kilometres. The PSA is for an initial four
year term with options to extend for two further periods of four and three years
respectively. In the initial term there is a commitment to shoot 250 kilometres
and drill one new well in each permit.

Aminex is hoping to take advantage of the presence of a seismic vessel in the
region and shoot new seismic over the offshore areas of the PSA as soon as
possible, subject to contractual arrangements, with a view to making rapid
progress on the exploration of this area.

Commenting on the award Aminex Chief Executive Brian Hall said: 'Conversion of
the large Ruvuma Basin permit to PSA status further strengthens our portfolio.
Together with the Nyuni licence, now partly farmed-out and with new seismic
acquisition in progress, and a recent licence award onshore Madagascar, Aminex
now has a significant position on the East African margin'.

Excellent news !!!!!!!!!!!

Good to see rapid progress on the East African front.

It should be a very busy month for newsflow as the North Korean talks are scheduled to begin next week.

Mono

Bugz are you in yet?
I am glad I got in on late Friady, It looks like its on its way up again. I hope you are in.

I had a re-read of the interims as it was on the doormat yesterday and the one line I really like is "A number of other opportunities are currently under review and some are at an advanced stage of negotiation". One was obviously yesterday's announcement - what else is brewing?