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

Have been watching this one for a short while. Nice call Paul, this could be very big indeed! What do you think sp will be end of yr?

SM/Rob Hi,

Thanks, I could see that deal coming a mile away, but to grab the whole lot is a fantastic deal, they have all the most prospective areas, so ANY big oil company will have to partner Aminex, as there is very little else to explore, Aminex have it ALL .... LOL !

I have no idea on the S.P at the end of this year, but 'substantially higher' I would say, as they have yet to announce Seismic for Tanzania, due to start in September as per one of my previous posts, and so that will be going on at the around the same time as DPRK Seismic, I think.

Then there is the possibility of Egypt licences being won by Red Sea Resources.

It all adds up to a massive amount of blue sky, hopefully Aminex will get noticed by a lot more analysts and press.

It's anyones guess how high it could go, but DPRK is estimated to have 10Bn tons of Oil, equal to 77Bn barrels, and Aminex have grabbed all the prospective areas.

I asked Lemming Investor to have a look, when I started posting here last week, Elric (the main man) is after speaking to Aminex about cash and timescales, but a note from them could come out soon, and may shed some light for us too.

As I said before, the thing that will make Aminex fly will be N.Korea signing the latest non-nuclear treaty, then watch as the big oil companies start moving in ....

Cheers,
PM

Thank's Paul, anyway I'm in for the ride, sold half my YOO as i think it's topped out for now. If Shares mag or Red Hot Penny Shares or Moneyweek etc. get hold of this one, the sky's the limit - best to be in before that.

Rob Hi,

Did you get YOO on my tip at 4p ? just wondering :)

I see profit taking on YOO now, but I think 15p+ when they announce they are cash flow positive, fairly soon, probably September.

I might have to send some Aminex info to a few tipsters .... LOL !

:)

Cheers,
PM

bought just 20000 this morning, on further research decided to buy a bigger amount and has placed an oredr for 100000. think has potential to be a big winner.
Good luck everyone.

Paul - No, I beat you to it actually and got in at 3.9p but followed your posts. I think it'll fall back quickly so am concentrating on others such as AEX, CCO, DES, OXB. Have you seen CCO - they have cash worth 2.40 pshare and the price is 75p - as soon as it's confirmed they can utilise the cash the shares will shoot. What price did you pay for AEX?

nice buy 1m shares few mins ago - someones got confidence.

bought at 9p

Rob hi,

I have 4.5k of CCO, at 60p, waiting for the Brazillian account signatories to be ammended, then the money really is CCO's, they just need a way to capitalise on it, either by getting it out of Brazil, or by investing it in good projects there. I agree with you on their S.P, they should trade at a max of 20% of the NAV, but 75p against a NAV of 2.40 is mad, and value will, as with AEX and YOO, will show in the S.P soon enough.

AEX, I went in when I started posting here, about a week ago, for 7.875p if I remember correctly.

Cheers,
PM

We seem to have the same portfolio! I have been surprised that cCO has not doubled as I was when YOO was 4p but then I was surprised that YOO did so quickly and now trebled in 2 weeks! CCO is a little complicated and I'm still trying to get my head round it but i think it's been overlooked as AEX was but interest in it should start very soon. Has the potential to treble as I'm sure AEX will - at least!

Rob Hi,

Yeah, bizzarre eh !

Some people are a bit wary of CCO from their chequered history, but I'm not scared !

Also the cash in Brazil brings in 25m a year in interest, that alone is worth an EPS of 16p per share, and so a P/E of 20 would give a much higher share price than 2.40.

Cheers,
PM

Yep, and at that rate, they've earnt the sp in 4 yrs. They seem to make good investments too so not sure why the sp was so bad. Anyway, should leave this thread to AEX, otherwise will confuse readers.
Cheers,
r

You must be my favourite person today Paul as i have made a nice little sum out of Yoomedia and Aminex are on the way up.I made some money out of Aminex earlier in the year when i bought just before the court settlement and sold straight after.I got back in this at 10p just before they went to the city to raise some more money so am down on this but i don`t think i will be for long.
Many Thanks
DB66

In at 9 pence , good call PM.

Happy people .... cool :)

Hopefully press/analysts/tipsters/brokers will all see the value in todays deal, and we will see the benefit over the next week or so, in typical Aminex style, of delayed S.P rise after news.

I really hope DPRK go for the deal, the talks have been extended yet again, and could finish Saturday or Sunday.

Cheers,
PM

The news is flowing :)

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=402778&in_page_id=3

http://www.oilvoice.com/Aminex_Sign_Production_Sharing_Agreement_in_North_Korea/4271.htm

http://www.iii.co.uk/news/?type=afxnews&articleid=5372061&subject=markets&action=article

http://www.iii.co.uk/news/?type=afxnews&articleid=5372087&subject=markets&action=article

Cheers,
PM

Hi All,

http://www.rigzone.com/news/article.asp?a_id=24264

I reckon that Aminex could have one of the best deals, by a junior UK oil explorer, for a very long time. Everyone thought PET had that deal, but it fizzled away. Aminex have pulled off a real coup here, and I hope they find the oil to go with it, and maximise the potential for the shareholders ....

Cheers,

PM

I guess we should have kept an eye on the Irish stock exchange too, Aminext are listed there, and rose 50% yesterday !!!!

Ticker for Dublin listing is ISE:DOP

Story is from the Irish Independent

Aminex shares rise on North Korea plan

Friday August 5th 2005

SHARES in exploration group Aminex shot up by 50pc yesterday after news that it had signed a deal to explore for oil in communist North Korea.

Aminex stock traded up 5c to 15c on the Dublin market after the group issued a statement confirming that it had signed an agreement to explore for oil and natural gas in the secretive state.

The exploration outfit will search for oil and gas at several sites on and offshore, covering 66,000 square km.

The area comprises the greater part of North Korea's territory considered likely to contain oil and gas, it said.

Cheers,

PM

Paul, how can it be valued differently on different exchanges? A similar situation with PRO yesterday with the shares on US exchange racing up 200%!

Hi, I am a housewife, a friend of my husband said this compay's share is going to double in few days time, on this basis i have bought some shares on this company. I made some money on UBT last week on his recommendation, Which doubled within few days. I am hopping he is right with Aminex too.