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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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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mnamreh, yep and I will say it once and thats all. No more comments from me on AEX anywhere.

From somewhere on today's Share Magazine >>>>>>

Risk-tolerant investors could consider picking up minnow oil explorer Aminex (AEX:FULL) ahead of what could be a busy and potentially high-impact drilling programme in 2011. The 37.6 million cap indicated in its third-quarter interim management statement (18 Nov) it was planning a four-well campaign next year.

This is likely to comprise two exploration wells in Tanzania and two development wells on its Shoats Creek licence in Louisiana. The first Tanzanian site is expected to be drilled on its 50% owned Nyuni licence.

Independent consultants have put the potential resource of the three identified prospects on Nyuni at 4.9 trillion cubic feet of gas. In the second half, the company will bore a hole on the Ruvuma licence, in which it has a 37.5% stake. The block is operated by Tullow Oil (TLW).
A 2010 well, Likonde, established the presence of oil but was not a commercial discovery. The drilling on Shoats Creek will be followed by a reserves report which could be a further catalyst. The key risk is the explorer will not be able to secure the funds necessary to carry out this proposed activity.

Aminex is essentially debt free after a $2.7 million placing earlier this month (15 Nov) but says it is considering alternative methods of financing its 2011 programme.
Shares says: Exciting exploration schedule. Speculative Buy at 8.6p.

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The directors of Aminex (LSE: AEX), Ormonde Mining plc (AIM: ORM) and Metminco (ASX, AIM: MNC) will be presenting: Wednesday the 16th March 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/103

If you have any problems registering or queries please email events@proactiveinvestors.com.