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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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.

Frankly I think nowadays having a wide spread of stocks like I have is not such a good idea......causes all sorts of problems when this happens.....and these drops occur, it seems 3 times a year now or so.....Aminex doesn't have much to do with Greece...but Shoats Creek....is out in the same part of the world as the spill....

Don't worry, you're certainly not on your own!

:-(

excellent opportunity these scares always provide to get in at lower than fair value

This should be hovering around the 15p or more.....crazy...for those that are prepared to risk a little and keep the stock for a year : by then it's got to be more than 20p...

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A strong Buy now surely. Fantastic prospects around the corner and half the price it was few mths ago, I'll be topping up tomorrow

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Depressing share price, this has been unfairly knocked down....must be a strong rebound coming soon....

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At last some positive sp action along with another spud.....one day this company might just strike it big time.

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Surprise, news out. Deep Wilcox well spudded !!

http://www.investegate.co.uk/Article.aspx?id=201007161155174795P


You can view the AGM presentation at the link below :

http://www.aminex-plc.com/files/100607_AGM_Presentation.pdf


The Wilcox has potential to throw the stock price flying upwards if it comes off, really will be a rocket under the SP if its good.

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Just back in. Was all out, now back in.

The Deep Wilcox is quite large, and if it strikes I would hope for at least 10p added to the SP.

Just 3 to 4 weeks to find out if thats the case, TD not far away.

Good partner choice El Paso.

http://www.elpaso.com/profile/

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The Gulf Coast Division of El Paso which deals with Louisiana has a high drilling success rate it seems.

Does make you feel confident the right partner has been chosen to operate this drill.

http://www.elpaso.com/ep/regions.shtm

Gulf Coast Division

Our Gulf Coast Division includes our operations in the Texas Gulf Coast, Gulf of Mexico, and south Louisiana regions. In the Texas Gulf Coast area, we develop and explore for tight gas sands in south Texas and the upper Gulf Coast of Texas. Our Gulf of Mexico and south Louisiana operations are characterized by relatively high initial production rates, resulting in higher near-term cash flows and high decline rates. During 2009, we invested $290 million on capital projects and production averaged 268 MMcfe/d. We had an 80 percent drilling success rate in this division through the third quarter of 2009.

Geographically, our operations in this division focus on five key areas.

Vicksburg/Frio Trends. Our assets are highly concentrated in this area which is located in south Texas. We operate in the Jeffress and Monte Christo fields primarily in Hidalgo County. We also have assets in the Alvarado and Kelsey fields in Starr and Brooks counties.

Upper Gulf Coast Wilcox. Our operations are located onshore Texas Gulf Coast in the Renger, Dry Hollow, Brushy Creek, and Speaks fields located in Lavaca county, and Graceland Field located in Colorado county. We also own about 132,000 net acres in the emerging Eagle Ford Shale in south Texas.

South Texas Wilcox. Assets in this area include working interests in the Bob West, Jennings Ranch, and Roleta fields in Zapata County. We also have working interests in the Laredo and Loma Novia fields in Webb and Duval counties.

Gulf of Mexico. In this area, we have drilling interests in more than 80 blocks south of the Louisiana, Texas, and Alabama shorelines and focused on deep (greater than 12,000 feet) natural gas and oil reserves in relatively shallow water depths of less than 300 feet.

South Louisiana. We operate primarily in Vermilion Parish and associated bays and inland waters in southwestern Louisiana.