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

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)

Absolutely, I was a little surprised by the small move initially, but picking up now. Very promising in my opinion.

Small mention in last nights ES and todays FT .

MadPad - interesting the Standard picked it up - perhaps we'll see a Mail tip then soon!?!

I sold my EME far too soon-so I really hope this one will perform in the same way!

All quite here! there have been some new development with this company, a new deal in Kenya, ACQUISITION OF SEISMIC OPTION IN KENYA
http://moneyam.uk-wire.com/cgi-bin/articles/200603150700278079Z.html

And some new development in the nuclear dispute.North Korea wants Norway to mediate in its dispute with the United States over the development of its nuclear industry, the daily Norwegian newspaper VG said on Friday.

"Norway has a good reputation as a peace mediator and very good experience in international conflict resolution," North Korea's ambassador to the Nordic region, Jon In Chan, told VG.

http://uk.news.yahoo.com/17032006/325/n-korea-wants-norway-broker-nuclear-deal-paper.html

Extraordinary surge in the share price today.
Any particular reason or just people realising the potential !!!

;o)

RAB possibly buying in along with other institutions and Aminex to make presentation to City (at the Brewery) on May 11th. Still looking very cheap to me.

Sorry, I meant to say presentation to oilbarrel.com

News on the way for AEX, enjoy the ride

TheMaster,
Very cryptic !!!!
Care to enlighten us ?

;o)

Also good article on oilbarrel.com today. Worth reading.