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

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.

Greyhound, would you mind posting either the article or at least a link? Thanks.

Cannot post for copyright reasons - here's the link:-

A lot of investors jumping on board while this is still cheap, not to mention the big boys.


http://www.oilbarrel.com/home.html

Looks interesting, Greyhound, thanks. Actually I would be tempted to dip a toe in with this one, but am currently fully invested - certainly the SP has been roaring away the last few days, so I will be bearing it in mind.

Finally hit 50p today !!!!!!!!!!!!!!!!!!
It's another one where my initial plan to take profits was replaced by topping up this morning.
The Company has now come to the attention of major institutions and, ridiculous as it sounds, the SP still at a very early stage.
There will be some bouts of profit taking, not sure at what levels, but on a 12 month view expect the share price to be well north of 100p.

Ian