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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Could be a jump up in the sp here...or another slump to 6p.....taking their time over testing the Wilcox sands...hope this is not another Likonde debacle.....as the results took ages to filter through....

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News must be coming.....just hoping it is good.....another gamble...this one....

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I'm still waiting and actually I was wondering if anyone's still here :):):)

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News imminent ?.

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And further drilling of the sands...that is good news because it's not cheap !....

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A lot of positive news...

Ambrian initiate coverage with a buy rating and 19p target price.

http://www.aminex-plc.com/files/Ambrian_Initiation_of_Coverage.pdf

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Good result for little Aminex....crude and gas and a lot more down there....500 barrels per day...prospect to be drilled again....production will be on the increase over the next few years without a doubt...

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I used to like AEX but not anymore and it appears to be a company run just to make some fund managers money.

They keep having placings and allowing fund managers access to cheap stock, the price is then ramped up and the fund managers sell and lock in a profit.

The price falls back for the next discounted placing where the same fund managers get discount stock and the pump and then dump happens again and again and again.


Its years of this going on and the shares in issue just keeps rising and rising.


P.I.'s should adopt the same tactic.


Dump stock on any spike, wait for the next placing and buy cheap and then dump again straight away on any rise. There will be another placing as Likonde-2 has to be paid for and all this talk of other "options" is, IMO, just trying to deflect from the fact another placing is coming in a few months time and everyone thinks that, however in the meantime the fund managers want to dump their placing stock at a profit and so are trying to talk the stock price up, or at least keep it high for the moment while they sell for a profit.

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