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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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.........."

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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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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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...

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

Good buying opportunity imv.

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

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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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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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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Ah - that explains the rise! Thanks PP.

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

Over half way to TD now :

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


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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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Aminex PLC
21 December 2007

AMINEX PLC

NEW DRILLING IN TEXAS

21 December 2007


Aminex PLC, the oil and gas company listed in London and Dublin, announces the commencement of drilling of GU #38, its fourth development well in the South Weslaco Field, Hidalgo County, Texas. A rig operated by the Edde Drilling Company has been contracted on a turnkey basis to drill the new well to a depth of 11,000 feet (3,352 metres) and is moving on to location this weekend. The drilling objectives are the Frio sands deeper than 10,000 feet (3,048 metres) which were not tested by the previous deep well, GU #37. Estimated drilling time is 25-30 days.

The GU#37 was completed and tested in September at a rate in excess of 2.5 mm cubic feet/day after a successful fracture stimulation in the 9,500 feet (2,895 metre) Frio sands.

Aminex has already participated in three wells at South Weslaco as part of an ongoing multi-well development drilling programme which commenced in 2005. The initial wells, GU#35 and GU#36, were both drilled to a total depth of approximately 9,000 feet (2,743 metres) and the subsequent GU#37 was the first in the programme to test the deeper Frio sands. In all cases logs encountered commercial quantities of gas in multiple formations and all three existing wells are on production.

The joint venture partners have now discovered gas reserves in excess of 20 billion cubic feet in the South Weslaco field. Aminex has a 25% WI in the new well which is being operated by Kaler Energy. Partner interests are: Stalker energy 49%, Activa Resources 25% and Kaler Energy 1%.

The Sunday Times
December 23, 2007

Korea: “one of the world’s most attractively priced markets”.

Investment guru Warren Buffett sold his stake in PetroChina, the only Chinese company he owned, in October because he was concerned that the market was “too hot”. The billionaire investor has turned to Korea, which he described as “one of the world’s most attractively priced markets”.

Korea is also a favoured market of Suresh Sadasivan, who runs Old Mutual Asian Select, one of this year’s top performers

http://business.timesonline.co.uk/tol/business/money/funds/article3086591.ece

Update on the Tanzania drill is out, drilling ahead at 1900m.


http://www.gtp.com.au/bountyoil/inewsfiles/ASX%20Release%20Kiliwani%201Progress%204-1-2008(97-2003).pdf


ASX/MEDIA RELEASE
4 January, 2008
Kiliwani 1, Tanzania Operations Update

Bounty Oil & Gas N.L. (Bounty) (ASX Code: BUY) announces progress on the Kiliwani No. 1 well, Tanzania, which spudded on 15th November, 2007.All reported depths (measured depth: (MD)) are below the rig rotary table (RT) on the rig floor.

Kiliwani Island, south/east Tanzania, 4 kms south/east of Songo Songo gas field.

Time: 00 hours
Date: 4 January 2008, (East Africa Time)
Current Depth: 1892 metres MD
Current Operation: Drilling ahead in 12 hole.
Comment: Since the last report the well has been drilling ahead in 121/4 hole. The forward plan is to drill to around 1900 metres and set
9 5/8 casing before drilling ahead. The main target interval is at around 2340 m in Lower Cretaceous sands.

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

For further information, please contact:
Graham Reveleigh Chairman
Telephone: (07) 4033.1805
Email: mining@cairns.net.au
Website: www.bountyoil.com

From The Sunday Times
January 6, 2008

25 ways to make a profit in 2008

The year has got off to a shaky start, so we went to a panel of City experts for their tips on how to beat the market

14 Oil surge
While many analysts think the surge above $100 will be shortlived, oil company projections are still based on crude at $50 and some small exploration firms look to be a particularly good bet.

Analysts recommend Aminex, which has interests in America and East Africa and exclusive rights to drill in North Korea.

http://business.timesonline.co.uk/tol/business/money/investment/article3136555.ece

An update from Tanzania is due soon.

Good news :

Aminex PLC
14 January 2008
AMINEX PLC
TEXAS DRILLING UPDATE
14 January 2008

Aminex PLC, the oil and gas company listed in London and Dublin ('Aminex' or the 'Company') provides the following progress report on the GU#38 well at South Weslaco, Hidalgo County, Texas.

GU#38 was spudded on 23 December 2007 and achieved planned total depth of 11,000 feet (3,352 metres) on 9 January in deep Frio sands which had not been reached by the three previous wells drilled in the current programme. Drilling was achieved in 16 days, well ahead of the target drilling time of 25-30 days.

Logs give strong indications of several potentially gas-bearing zones. Casing is currently being set and preparations made for testing and for possible
fracturing of the deepest zone if necessary.

Aminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 25% interest in this well. Partners are Stalker Energy (49%), Activa Resources (25%) and Kaler Energy (operator of the well) (1%).

Upon completion of GU #38, the joint venture will commence drilling GU#39, the next well in the programme, which will test even deeper prospective formations.

Tanzania Update out from Key Petroleum :

http://www.keypetroleum.com/reports/PressRelease150108.pdf


ASX and Media Release

Tuesday 15th January 2008

KILIWANI #1 - OPERATIONS UPDATE

Key Petroleums (ASX code: KEY) provides the following operations update.

All reported depths are below the rotary table (RT) on the rig floor.

Report Time and Date: 06:00 hr 15/01/08 (East African Time)

Current Depth: 2121 metres MD

Operations: Drilling is continuing towards the 9-5/8 casing point.


A bit change has been performed and a number of required integrity tests of the BOP (Blow Out Preventer) have been undertaken since the last report. Mechanical delays were experienced when (1) a section of flow pipe required changing due to wear and (2) repairs had to be made to mud pumps.

Participants in the Kiliwani #1 well with Key Petroleum (20%) are:
Ndovu Resources Ltd. (Aminex) 39% (Operator)
RAK Gas Commission 25%
East African Exploration Ltd. 10%
Bounty Oil and Gas NL 6%

For further background information please see the Companys web site or contact

Ken Russell or John Ribbons
Managing Director Company Secretary
+ 61 8 9327 3500 + 61 8 9481 7288
info@keypetroleum.com

or

Ian Howarth
Farrington National
+ 61 3 9223 2465
ian.howarth@farrington.com.au