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

Looks like the trend is repeating itself, its on its way up again after a drop of 20% from 30p. Some people have realised it and are buying. I say good luck to them. If only I had some extra funds.............

I know Aminex have contracts written in Swiss Law - does anyone know the implications of this regarding sanctions/trade embargos?

Aminex PLC
15 November 2005


15 NOVEMBER 2005

AMINEX PLC

PRESIDENTIAL RATIFICATION OF LICENCE AWARD


Aminex PLC ('Aminex'), the oil and gas company listed in London and Dublin,
announces that its recently awarded Exploration Licence No. 3108 Manja block,
onshore Madagascar, has now been formally ratified by decree of the President of
Madagascar, with effect from 15 November 2005.

Further info:

Brian Hall Chief Executive, Aminex +44 (0)20 7240 1600

Archie Berens ICIS +44 (0) 20 7651 8688 or
+44 (0) 7802 442486

Looks as though a bit of base building is going on around this 24p level.

Lot of renewed interest today, I wonder how far its going up this time?

Seems like a lot of Evil K's followers are piling in after his 300k buy from yesterday.

If Evil's going long that's a good sign but keep alert for when he turns short!!

Simon Cawkwell (EK) had posted this on ADVFN

I have had this explained to me. The target is 100p a year from now.

I am no oil man (though, of course, I'm oil man) and I have to take on board the argument with a fair degree of trust chucked in. But the story seems astonishingly attractive and I for one reckon that the North Koreans really cannot be dense indefinitely about developing their economy.

Another heavyweight known as emptyend whom I respect and value his comments very highly had this to say

My own expectation, though, is that 100p will not take a year.....more like 9 months, I think ....as noted here: By late summer I think the DPRK talks direction will be clear and it is quite possible that AEX will become a hotly contested bid situation [with the Chinese, Russians, Japanese and South Koreans all involved, as well as various European surrender monkeys!].

I hope they will not mind me copying there comments on this board.
All we need now is some good RNS on the political front or on the drilling side for AEX to do what VOG is doing at present, nearly trebled in two days.

The SP is rather active today.
Big volume too.
Could be the big push above 30p

Mono

Mono - agreed, looking more positive for the next rise to 34p.

I hope so! I just bought 50k, I wonder why its showing black. I would assume that 70k is also a purchase.

Also been considering a 4th tranche this afternoon so I can get more in my ISA - quite a few buys going through there.

Afternoon troops,

I managed to get a few more at 29p too.

Onwards and upwards (to help me forget LGB too !!)

Mono

AEX is my selection for the "UPS" this week

Share	Volume	Chart	News	Various
AEX price 29p	Rising the last couple days, volume has increased to 2,5 times the usual both days	Bouncing from support 24p SP on a rising uptrend, and now looking for a new BREAKOUT at 29.50p, Indicator MACD on the turning	The deal in North Korea last August is the jewel on the crown and once the Korean political situation improve, the shares will motor as the area is proved to be oil bearing	Business are well spread: has commercial gas in Texas, farm-out agreement in Tanzanian, onshore exploration acreage in Madagascar, others in Egypt and looking for new opportunities and some are at an advanced stage of negotiation

cant believe how this has not gone up with number of BUYS going through.

Pretty close to my upper trend line (Last high a bit exceptional) so good chance of small retracement before pushing foreward. Should get into 30+ region soon......... MM's up to their usual tricks again otherwise as you say recent buys should have pushed us over 30p.

Hi iawas,
I agree with you. I think MMS are scaring the short term traders in to selling so that they accumulate enough stock before moving up to 30+ region. I have no worries it dropping a bit, as a long-term holder I expect it to reach 1+ within the next 10/12 months. I may even consider topping up again if I can release some funds from my other holdings.

HongKong oil company have discovered another oil/gas field in China's Bohai Bay. It's in the north- east, so this could prove close to DPRK's border. Should start ticking higher.

Here is the link:
http://www.forbes.com/markets/feeds/afx/2005/11/29/afx2357096.html

I

AEX is attempting breakout above 30p.Historically if follows chart 35p is next target.There is excitement about this company's potential.Good volumes today see whether buying momentum continues rest of week.Target 40p.

Chart in strong uptrend.

Article link on Aminex providing insight into company and the exciting potential.

http://www.korea-is-one.org/article.php3?id_article=1449