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

North Korea talks set to resume.
http://news.bbc.co.uk/1/hi/world/asia-pacific/4417876.stm

What's that trade just gone through 34k at 30p? Looks a bit odd.

Anyone know any reason why the sp has dropped a bit today? In any case I took the opportunity to buy some more again today.
kays

Apparently the talks are not progressing too well with DPRK and the US still sticking to their previous positions...........this could drag on for a while yet.

Maybe China will save the day?

After such a fabulous rise, there had to be some profit taking and a breather. Not too bothered yet.

However long it takes it has to be resolved - eventually!

Toe wet yet Baza?

Well the sp is a bit more tasty to people who havent bought any yet today.

I agree with you Squidd, a drop was bound to happen..... Interesting to see if things perk up later on.

I am still in Greyhound - got some cheap and some which are now underwater when I got greedy

Looks more like a marking down on the lack of progression in the talks, rather than significant selling - small volumes.

Down pretty close to 20% from the 30p peak during the last trading week.
There ought to be strong support at around these levels.

K******

35p before xmas, what you think?

Well 35p or 55p before Xmas, really does not matter. With this one you need to be a long term investor to get the highest benefit. I am taking a long-term view about the prospect of this company. if you look at companies like SOCO, DANA PETROLIUM, BURREN and others and go back few years you will see where they stood and where they are now. Especially with SOCO INTERNATIONAL, I know of some people who bought them at 30p few years back, and now, it is trading at 7 and is expected to double within 12 months. Some of those same people have heavily invested on Aminex, and have predicted the sp to double every three months, until it crosses the 1 mark, mind you they have bought in between 9/11p starting from August this year. My understanding is that they consider Aminex to be the next SOCO. After looking at their track record I genuine believe Aminex will be our soco in future. However it will not be easy ride, there are some rough and bumpy rides ahead. Once the Koreans political situation improves and foreign investment moves in, the long term investors will see the real benefit. The potential for this share is enormous. Pls, DYOR.
Kays

I got in at 29 so not doing to well at the moment, but this usally happens with me will prob sell at a loss and the thing will rocket.

Syd - no disrespect - would you mind selling - now

Cheers

Baza

Baza, almost the same situation for me. I was getting confused it's Bugz who's considering getting on board.

Six-Party Talks on North Korea Turn Sour
By KWANG-TAE KIM, Associated Press Writer
31 minutes ago

BEIJING - Talks on North Korea's nuclear programs turned sour Thursday as Pyongyang demanded that Washington lift sanctions against firms suspected of weapons proliferation and stop accusing the North of counterfeiting U.S. money, news reports said.

North Korean delegates accused the United States of undermining a September agreement in which Pyongyang pledged to disarm in exchange for aid and security guarantees, the South's Yonhap news agency reported, citing unidentified officials.

The North also voiced displeasure over President Bush's reference to a "tyrant" in North Korea widely seen as a slap at its leader, Kim Jong Il, Yonhap said.

The disputes cast a pall over the talks between the two Koreas, the United States, China, Japan and Russia. South Korean officials told Yonhap that progress had become difficult.

The U.S. negotiator, Assistant Secretary of State Christopher Hill, said the demands fell beyond the scope of the six-party talks.

"They made clear that they are not happy," Hill said late Thursday. "But I made very clear that I don't do financial sector regulations."

Price might slip a little bit more tomorrow again as Greyhound mentioned earlier with situations at the talks. Perhaps we'll see a good entry point for me and some of you to top up!

This was more or less what was expected from the current session as Hill puts it ""I don't think we are here now to make a roadmap," Hill said. "We only have a three-day session, so essentially we are just gathering ideas and having an opportunity to discuss the ideas, but we are not trying to come to any final decisions."

As I said earlier it will be more of a huffing & puffing this time, unless obviously the Chinese decide to provide the cold water reactor for the N.Koreans, which has been rumored, but in my opinion very unlikely at present time. The position however might change later if things dont progress in the next round of talks.

Text of China's statement from North Korea

By THE ASSOCIATED PRESS

Text of the statement issued Friday by China at talks in Beijing on North Korea's nuclear program:

The first session of the fifth round of the six-party talks was held in Beijing from Nov. 9-11, 2005. The parties conducted serious, pragmatic and constructive discussions and put forward proposals on how to implement the joint statement of the fourth round of the six-party talks.

The parties reaffirmed that they would fully implement the joint statement in line with the principle of "commitment for commitment, action for action," so as to realize the verifiable denuclearization of the Korean Peninsula at an early date and contribute to lasting peace and stability of the Korean Peninsula and Northeast Asia.

The parties emphasized that they are willing to comprehensively implement the joint statement through confidence building, carry out all commitments in different areas, commence and conclude the process in a timely and coordinated manner and achieve balanced interests and win-win result through cooperation.

The parties agreed to formulate concrete plans, measures and steps to fulfill the joint statement in accordance with the aforementioned spirit.

The parties agreed to hold the second session of the fifth round of six-party talks at the earliest possible date.