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

Not us lanayel. Not at this price and not for a long while bearing in mind our target.

U.S. Ready To Resume Six-Party talks

http://www.truthnews.net/month/2006010020.htm

Washington -- The United States is ready to return to the Six-Party Talks, but without new conditions, says Alexander Vershbow, the U.S. ambassador to the Republic of Korea.

Speaking January 4 to the Korean-American Association in Seoul, Vershbow said the United States is hopeful that the talks involving North and South Korea, Japan, China, Russia and the United States will resume soon.

"The United States is ready to return to the table without attaching any new conditions, and we expect North Korea to do the same," he said.

North Korea agreed to proceed with abandoning its nuclear weapons programs in an agreement signed September 19 and participated in talks in November 2005 aimed at implementing the pact.

http://www.boston.com/news/world/asia/articles/2006/01/05/china_urges_us_n_korea_back_to_talks/?rss_id=Boston.com+%2F+News

China urges U.S., N. Korea back to talks
January 5, 2006

BEIJING --China urged the United States and North Korea on Thursday to resolve a dispute over sanctions so that talks on dismantling the North's nuclear programs can resume.

Chinese Foreign Ministry spokesman Qin Gang said Beijing hoped for a quick resumption of the six-nation negotiations that also involve Japan, South Korea and Russia. But he suggested that while China stood ready to do its share, the United States and North Korea also need to make a good-faith effort to resolve disagreements.

The plodding, painstaking negotiations, which last convened in November, have recently stalled over sanctions Washington placed on a Macau-based bank and eight North Korean companies alleged to have taken part in currency counterfeiting or weapons proliferation. The North said anew this week that the sanctions must be lifted before it would return to the nuclear talks.

Qin, without naming Washington or Pyongyang, said "China hoped that the relevant parties can proceed from the general interest, respect each other and consult with each other on an equal footing."

we will now move on to 40p.good luck all.

Kim Jong-il appears keen to maintain dialogue with his neighbours...

http://english.yna.co.kr/Engnews/20060110/630000000020060110175153E2.html

Return to nuclear talks: US urges North Korea:
http://www.hindustantimes.com/news/181_1594808,00050001.htm

N.Korea's Kim on way to Russia via China
http://feeds.bignewsnetwork.com/redir.php?jid=71a5aca424c3b987&cat=08aysdf7tga9s7f7

The United States has urged North Korea to return to international nuclear talks, and with Kim Jong-il, making a trip to Russia and China to keep dialogue open, things could only improve in the diplomatic arena for North Koreans.

free report on AEX email admin@lemminginvestor.com

U.S. envoy to N.Korea nuclear talks starts Asia

http://news.nabou.com/cgi-bin/newsframe/437892yks4328903Dnabou2BInews421789994asgw3798etys6787/18A8047A97056E4D9B2CDA039BFF5E58backheadline3DHow2Bdo2BI2Bcut2Ba2Boout3Fnews26o3D0/FrameIt.cgi?Url=http://c.moreover.com/click/here.pl?r452290811

A key U.S. envoy Christopher Hill, who happens to be the U.S.cheif negotiator for the talks, began a flurry of talks in Tokyo, Seoul and Beijing on Wednesday to shore up crumbling negotiations on ending North Korea's nuclear weapons programmes.

A senior Japanese official said Hill's Asia visit was a sudden one but he did not know if it was linked to Kim's trip.

What a load of rubbish ! Of course it is linked to our dear leaders visit. Kim Jong-il entered China on Tuesday and Hill starts jumping around immediately incase Russia and china do a deal with our dear leader. I am sure we will see more posturing from both side and then the resumption of Six party talks in the very near future.

Yes indeed !!!

Whatever the politicians may say (and my father used to say that all politicians are liars - it is part of the requirement) this is definitely an attempt to get the talks moving along.

Guess what ??

The Aminex share price tends to agree !!

The quote has gone up to 31.50 bid and 32.25 offered.

This could, at last, be that decisive break to leave 30p behind.

;o)

N. Korea's Kim tours Chinese boom town

http://news.yahoo.com/s/nm/20060115/wl_nm/korea_north_kim_dc

Kim's choice of destination offers clues to the reasons behind his trip. On Sunday he was apparently visiting the boom town of Shenzhen on the border with Hong Kong, a day after a tour of Guangzhou, capital of Guangdong province, the fastest-growing corner of the world's most rapidly developing major economy.

Kim spent Sunday touring one of the high-tech companies in Shenzhen -- the pioneer city for China's economic reforms -- and visiting the Yantian port which is one of China's most advanced, computerised container ports, Japan's Kyodo news agency said.

Kim is seeing for himself what has been achived by the Chinese after improved diplomatic relationship with the rest of the world.
The question now is how long will it take him to realise if he want to develop his country he has to follow the Chinese reforms.

S.Korea hopes Kim's China visit spurs arms talks
http://today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2006-01-18T205402Z_01_N18205392_RTRUKOC_0_US-KOREA-NORTH-CHINA.xml&archived=False

Just anothe link of the same old news, but this time with some comments from Ban Ki-moon, a prospective candidate to succeed U.N. Secretary-General Kofi Annan, Ban told reporters after the North Koreans leader's visit to China.

"We hope the North Korean leader and senior officials of North Korea (have) learned good lessons from the reform and good economic development process of China," .

"We hope at this time that the six-party talks be resumed as soon as possible," Ban said.

North Korea vows to pursue disarmament talks

http://jang.com.pk/thenews/jan2006-daily/19-01-2006/world/w1.htm

The Norths official Korean Central News Agency (KCNA), reporting for the first time on the secrecy-shrouded visit, said Kim and Hu discussed the stalled six-nation talks on scrapping North Koreas nuclear weapons programme, and agreed to push for "a negotiated peaceful solution to the issue." The talks hosted by Beijing have been stalled since November by the Norths demand that the United States lift financial sanctions imposed on it.

"He (Kim) pointed out that the DPRK (North Korea) would join Chinese comrades in the efforts to seek a way of overcoming the difficulties lying in the way of the six-party talks and steadily advance the talks," KCNA said. In response, Hu reaffirmed Chinas support for the dialogue, which also involves the United States, Russia, South Korea and Japan.

"He (Hu) pointed out that the Chinese side is ready to put spurs to the six-party talks so that they may make steady progress," the report said. The sanctions were imposed in September after Washington said Pyongyang was manufacturing counterfeit US dollar notes and using a Macau bank as a front for money-laundering.

South Koreas foreign ministry said in a statement it hopes Kims latest visit to China "would provide a good opportunity to help resolve North Koreas nuclear problem and make progress in six-way talks."

After a week-long Chinese media blackout, the state Xinhua news agency also confirmed Kims January 10-18 visit, which brought him to the central province of Hubei and the booming southern province of Guangdong as well as Beijing.

During his tour of Wuhan, Yichang, Guangzhou, Zhuhai and Shenzhen, Kim visited "with great interest" enterprises and institutes in the fields of industry, agriculture, science and technology and education, Xinhua said.

"The progress made in the southern part of China which has undergone a rapid change and the stirring reality of China, in particular, deeply impressed us," Kim said in a speech at a dinner hosted by Hu, according to KCNA.

Kim also visited several factories in Shenzhen and Zhuhai in Guangdong, the factory floor of Chinas booming export economy. He was seen inspecting a container port and riding on a subway.

Following years of starvation and the end of Soviet aid, North Korea introduced limited economic reforms in 2002, freeing prices, wages and exchange rates from central control. It also eased government controls over businesses and individuals.

"China is arguing to North Korea that if they can solve the nuclear problem first, then a lot of things will flow from that," Brian Bridges, an expert on North Korea at Lingnan University in Hong Kong, told AFP.

Stephen Noerper, a Northeast Asia expert from the University of New York, said Kim was also likely making a statement that he had a friend in China, one of his few international allies. This was especially important for North Korea as it struggled against the United States in the six-party talks. While China would have wanted to emphasize the importance of the six-party forum, Bridges said Kim would have been most interested in what further economic benefits, ideas and deals he could extract from China.

"For Kim, he wants to reconfirm the continuation of food and energy aid and another major objective is to seek out Chinese investment to North Korea." This would explain Kims visit to Guangdong, where Chinas 20 years of robust economic growth started, Bridges said.

Looks as though the 6 party talks may resume on the 6th February.
5 of the 6 seems to be getting peeved at the hawkish stance of the other one !
Hopefully the Americans will soften their tone and stance a little bit and we'll get some real progress.
Could be exciting times ahead.

No sign of the 6 party talks resuming at present (although there appears to have been bi-lateral talks going on between China and North Korea 'on the quiet' for the last few weeks).

On a far more positive note there is a thorough report being released by Edison Investment Research today or tomorrow.

This will be followed by a shareholder update from Aminex themselves early next week.

Things should start livening up again.

yes my thoughts.and up we go.

Ianayel - yes, I'm hoping we really do see this report this week. It's been promised for a long time and I'll believe it when I see it. Edison themselves are indeed saying it's out this week...but starting to rise again after funds start returning (maybe) from the likes of VOG, EME and CHP.

I understand that the Edison report has been postponed until end Feb. Perhaps something is brewing...

AMINEX PLC

UPDATE ON US ACTIVITIES AT SOUTH WESLACO, HIDALGO COUNTY, TEXAS AND SHOATS
CREEK, CALCASIEU PARISH, LOUISIANA

Aminex PLC ("Aminex"), the oil and gas company listed in London and Dublin,
today announces an update on its US activities.

SOUTH WESLACO

At South Weslaco, Hidalgo County, Texas Aminex participated in the drilling of
two wells during 2005 as part of an ongoing multi-well development drilling
programme. The GU-35 and the GU-36 were both drilled to a total depth of 9,000
feet (2,743 metres). In each case logs encountered commercial quantities of gas
in multiple formations. A rig was mobilised in December for completion of both
wells after a long waiting period which was a direct result of the current
shortage of mobile equipment. In mid-December both wells were put on extended
production test and, following a period of consistent flow rates of a combined
3.1 million cubic feet per day with negligible depletion, are now on permanent
production from the lower sands.

There is considerable scope for producing "behind pipe" reserves in these well
bores from additional zones in the future. Aminex's wholly-owned subsidiary
Aminex USA, Inc. has a 25% working interest in these wells and the operator is
Kayler Energy. The next well in the programme is designed to test deeper
formations and will be spudded as soon as a drilling rig comes available.

SHOATS CREEK

Aminex has recently commenced a rehabilitation programme on the Shoats Creek
Field, Calcasieu Parish, Louisiana. In the past, difficult operating conditions
and competing projects made further investment in this field sub-economic but a
recent engineering review and new economic modelling indicate the potential for
significant untapped reserves and produce a strong business case for early
redevelopment. The existing well bores are completed in the Cockfield Sands at
depths of between 8,000 ft and 9,500 ft. (2,438 metres and 2,896 metres).

The Cain-1 well at Shoats Creek has already been re-equipped and recompleted and
is producing at an average rate of 35 barrels per day. New oil tanks and
facilities are currently being installed at the field, old flow lines and
redundant infield equipment are being removed and a second workover is in
progress.

Aminex Chief Executive Brian Hall commented "The drilling of the South Weslaco
wells and the upgrading of the Shoats Creek wells and facilities are part of an
ongoing programme to bring new production onstream in the USA.

Aminex is also continuing to make good progress with its exploration projects in
Africa and the Far East and will provide further information at the appropriate
time."

Further info:

Brian Hall Chief Executive, Aminex +44 (0) 20 7240 1600
Archie Berens Pelham Public Relations +44 (0) 20 7743 6679 or
+44 (0)7802 442486

33.75 bid and 34.00 offered as I write.
The America interests are doing fine but the "good progress in Africa and the far east" is sounding increasingly positive.
This could be the start of something big..................

;o)