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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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.

Another thing that builds confidence is the wording in the RNS. You must be pretty darn confident to put this in, as you have to be confident otherwise you get lots of egg on your face..... :



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

........Aminex chairman Brian Hall commented: "We are very pleased to be combining forces with an experienced deep drilling operator to explore the Wilcox potential of Shoats Creek, following painstaking interpretation of 3D seismic, and to be sharing the costs of this first deep Wilcox exploration well which is a continuation of our active 2010 drilling programme".

Hope you are right Prosels.....you do get the timing right much better than I do.....lot of positives for Aminex, but the market will just not push the sp up...this should be above 10p right now.

Overhang in the market at the moment, but when it clears there should be a solid whoosh upwards.

If you want to follow progress of this Wilcox well you can do so by the link below. Data is updated once a week, normally Monday evening USA time.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=241566

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Couple of bits of news :

http://www.oilbarrel.com/nc/news/display_news/article/aminex-rallies-on-news-of-deep-shoats-creek-well/860.html

Aminex Rallies On News Of Deep Shoats Creek Well

There was some welcome relief for Aminex shareholders last week as the shares gained 20 per cent on Friday on news of a drilling agreement with El Paso that has already seen a high impact deep exploration well spud on its Shoats Creek oil project in the US. This lifted the shares to eight pence, still roughly half their value in early Spring before the London-listed company announced disappointing well results from its flagship exploration project in Tanzania.
While the Likonde-1 well in Tanzania was a pure wildcat chasing black gold in the frontier Ruvuma Basin, the Shoats Creek project is targeting previously untapped reserves in the Gulf Coast area of Louisiana. This was something of a sleeper in the Aminex portfolio until recently acquired 3D seismic revealed new potential, both in the shallower Frio and Cockfield sands and the deeper Wilcox sands.

The company has already had some success here, recently drilling the Olympia Minerals-1 well to test the shallow Cockfield sands. Four zones were extensively tested and the Cockfield-2 sand, which tested at a rate of 504 barrels of oil per day and 350,000 cubic feet per day of gas, will now be put into production at a rate of 150 bpd. The production rate is being limited to avoid the risk of sand and water intrusion while treatment facilities need to be installed to handle the gas before its injection into the sales line. But even at this limited production rate, this is a valuable project; oil and gas lines cross the property and the Shoats Creek oil sells at a premium to benchmark WTI crude. Whats more, Aminex has 100 per cent of the property.

Now the company is eying the potential of the deep Wilcox formation that underlies the property, which is a known prolific producer in other areas but has never been tested at Shoats Creek. A previous operator encountered the Wilcox sands while drilling in 1989 but never tested them for operational reasons. Deep drilling is difficult and expensive, however, particularly in these sensitive wetland areas, so cash-strapped Aminex knew it would need to find a partner to help it drill up what could prove to be a very material project.

Fridays announcement was significant because Aminex has bagged El Paso E&P, which also partners the London company on its producing Alta Loma field, as a drilling partner, adding a credible and experienced third party to the deep drilling venture. The companies have entered into an Area of Mutual Interest Agreement (AMI) and a Joint Operating Agreement (JOA) to jointly explore the deep Wilcox formation on 960 acres of the Shoats Creek lease. The greater part of Aminex's Shoats Creek acreage is not included in the AMI and will remain 100 per cent owned by Aminex.

The announcement was joined by news that the new partners have already spudded their first Shoats Creek well together, with the Olympia Minerals-10-1 well (OM-10-1) drilling ahead to a depth of 3,740 metres. Aminex has a 50 per cent non-operated interest in this well, which should take three to four weeks to reach TD. The results will be eagerly awaited by investors and could put some much needed momentum behind the share price.

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It spudded on the 13th July and is now at 4602 feet:

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=241566

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Breakout alert.....



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