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

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

Good morning everyone.Potential 20% rise here.

S. Korean military vows to support establishment of peace regime
SEOUL, Dec. 5 (Yonhap) -- South Korean military leaders pledged Monday to support the government's efforts to formulate a peace regime on the divided peninsula.

About 120 top military brass met to formulate their policy objective next year in a high-profile biannual consultation, the Defense Ministry said in a statement.

"We will actively assist in the government's efforts to establish a peace regime at a military level," the statement said.

In September's six-nation nuclear talks in Beijing, participants in the forum agreed to establish a peace regime on the peninsula, but no follow-up discussions have been held.

South Korean officials say the establishment of a peace regime could convert the Korean War armistice into a peace treaty. The armistice has technically left the two Koreas in a state of war.

The South Korean military leaders also vowed to strengthen their military alliance with United States and other neighboring nations, the statement said.

North Korea dreams of oil-funded security

http://today.reuters.co.uk/news/newsArticle.aspx?type=reutersEdge&storyID=2005-12-05T083521Z_01_NOA530818_RTRUKOC_0_ANALYSIS-NKOREA-OIL.xml

It seemed to me that AEX had temporarily run out of steam, so in recent days have been taking excellent profits within my ISA and piling into ELA, which seems to be in strong uptrend. Have mentioned before that these 2 shares seem to been in differing phases, so I expect to be changing over again soon.
sd.

Squidd,wouldn't touch Elan the share price is a bet on a single drug Tysbari!How about Uruguy Minerals or Falklands oil and gas for a longer term play.

Mad Pad: It's the high risk that attracts me, that's how I got into AEX and most of my other holdings in the first place. Thanks for the tips though, will look up your longer term suggestions.
sd.