Epic : AEX

Aminex PLC is an established upstream oil and gas company, listed on the London and Irish Stock Exchanges, which has operated internationally since 1991.

Aminex produces oil and gas in the USA and has ongoing exploration activity in Tanzania, North Korea. Madagascar, Kenya and Egypt. Aminex also owns AMOSSCO Ltd, an international oilfield service, supply and logistics company.


Main Web Site : http://www.aminex-plc.com

Amossoco Web Site : http://www.amossco.com/

Dec 2007 Company Presentation : Link to PDF File



Sept 07 - Operations Detail & Update : In post 2

28th Sept 07 - Oil Barrel Write Up : In post 6

North Korea Info : In post 3

Planned Drilling :

Commencing late Oct 07 (or early Nov) - Kiliwani-1 - Tanzania
to be followed by second Tanzania well.

Commencing Nov 07 - West esh el Mellahah Block 2 - Egypt



* Note : AEX is fully listed (not AIM) and so can be ISA'd


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Still going up this morning. I've not seen an RNS for the above yet.

Over half way to TD now :

http://www.asx.com.au/asxpdf/20071211/pdf/316dyf80qrhdcq.pdf


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RNS Number:4269K
Aminex PLC
20 December 2007

AMINEX PLC

INVESTOR PRESENTATION

Aminex PLC ("Aminex"), the oil and gas company listed in London and Dublin, has
recently made presentations to investors. A copy of the presentation is
available on Aminex's website, www.aminex-plc.com



Direct link to the PDF file : http://www.aminex-plc.com/Resources/Aminex_Presentation_Dec07.pdf

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Aminex PLC
21 December 2007

AMINEX PLC

NEW DRILLING IN TEXAS

21 December 2007


Aminex PLC, the oil and gas company listed in London and Dublin, announces the commencement of drilling of GU #38, its fourth development well in the South Weslaco Field, Hidalgo County, Texas. A rig operated by the Edde Drilling Company has been contracted on a turnkey basis to drill the new well to a depth of 11,000 feet (3,352 metres) and is moving on to location this weekend. The drilling objectives are the Frio sands deeper than 10,000 feet (3,048 metres) which were not tested by the previous deep well, GU #37. Estimated drilling time is 25-30 days.

The GU#37 was completed and tested in September at a rate in excess of 2.5 mm cubic feet/day after a successful fracture stimulation in the 9,500 feet (2,895 metre) Frio sands.

Aminex has already participated in three wells at South Weslaco as part of an ongoing multi-well development drilling programme which commenced in 2005. The initial wells, GU#35 and GU#36, were both drilled to a total depth of approximately 9,000 feet (2,743 metres) and the subsequent GU#37 was the first in the programme to test the deeper Frio sands. In all cases logs encountered commercial quantities of gas in multiple formations and all three existing wells are on production.

The joint venture partners have now discovered gas reserves in excess of 20 billion cubic feet in the South Weslaco field. Aminex has a 25% WI in the new well which is being operated by Kaler Energy. Partner interests are: Stalker energy 49%, Activa Resources 25% and Kaler Energy 1%.

The Sunday Times
December 23, 2007

Korea: “one of the world’s most attractively priced markets”.

Investment guru Warren Buffett sold his stake in PetroChina, the only Chinese company he owned, in October because he was concerned that the market was “too hot”. The billionaire investor has turned to Korea, which he described as “one of the world’s most attractively priced markets”.

Korea is also a favoured market of Suresh Sadasivan, who runs Old Mutual Asian Select, one of this year’s top performers

http://business.timesonline.co.uk/tol/business/money/funds/article3086591.ece

Update on the Tanzania drill is out, drilling ahead at 1900m.


http://www.gtp.com.au/bountyoil/inewsfiles/ASX%20Release%20Kiliwani%201Progress%204-1-2008(97-2003).pdf


ASX/MEDIA RELEASE
4 January, 2008
Kiliwani 1, Tanzania Operations Update

Bounty Oil & Gas N.L. (Bounty) (ASX Code: BUY) announces progress on the Kiliwani No. 1 well, Tanzania, which spudded on 15th November, 2007.All reported depths (measured depth: (MD)) are below the rig rotary table (RT) on the rig floor.

Kiliwani Island, south/east Tanzania, 4 kms south/east of Songo Songo gas field.

Time: 00 hours
Date: 4 January 2008, (East Africa Time)
Current Depth: 1892 metres MD
Current Operation: Drilling ahead in 12 hole.
Comment: Since the last report the well has been drilling ahead in 121/4 hole. The forward plan is to drill to around 1900 metres and set
9 5/8 casing before drilling ahead. The main target interval is at around 2340 m in Lower Cretaceous sands.

Participating interests:
Bounty Oil & Gas NL 6%
Ndovu Resources Ltd (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd 20%
East African Exploration Ltd 10%

For further information, please contact:
Graham Reveleigh Chairman
Telephone: (07) 4033.1805
Email: mining@cairns.net.au
Website: www.bountyoil.com

From The Sunday Times
January 6, 2008

25 ways to make a profit in 2008

The year has got off to a shaky start, so we went to a panel of City experts for their tips on how to beat the market

14 Oil surge
While many analysts think the surge above $100 will be shortlived, oil company projections are still based on crude at $50 and some small exploration firms look to be a particularly good bet.

Analysts recommend Aminex, which has interests in America and East Africa and exclusive rights to drill in North Korea.

http://business.timesonline.co.uk/tol/business/money/investment/article3136555.ece

An update from Tanzania is due soon.

Good news :

Aminex PLC
14 January 2008
AMINEX PLC
TEXAS DRILLING UPDATE
14 January 2008

Aminex PLC, the oil and gas company listed in London and Dublin ('Aminex' or the 'Company') provides the following progress report on the GU#38 well at South Weslaco, Hidalgo County, Texas.

GU#38 was spudded on 23 December 2007 and achieved planned total depth of 11,000 feet (3,352 metres) on 9 January in deep Frio sands which had not been reached by the three previous wells drilled in the current programme. Drilling was achieved in 16 days, well ahead of the target drilling time of 25-30 days.

Logs give strong indications of several potentially gas-bearing zones. Casing is currently being set and preparations made for testing and for possible
fracturing of the deepest zone if necessary.

Aminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 25% interest in this well. Partners are Stalker Energy (49%), Activa Resources (25%) and Kaler Energy (operator of the well) (1%).

Upon completion of GU #38, the joint venture will commence drilling GU#39, the next well in the programme, which will test even deeper prospective formations.

Tanzania Update out from Key Petroleum :

http://www.keypetroleum.com/reports/PressRelease150108.pdf


ASX and Media Release

Tuesday 15th January 2008

KILIWANI #1 - OPERATIONS UPDATE

Key Petroleums (ASX code: KEY) provides the following operations update.

All reported depths are below the rotary table (RT) on the rig floor.

Report Time and Date: 06:00 hr 15/01/08 (East African Time)

Current Depth: 2121 metres MD

Operations: Drilling is continuing towards the 9-5/8 casing point.


A bit change has been performed and a number of required integrity tests of the BOP (Blow Out Preventer) have been undertaken since the last report. Mechanical delays were experienced when (1) a section of flow pipe required changing due to wear and (2) repairs had to be made to mud pumps.

Participants in the Kiliwani #1 well with Key Petroleum (20%) are:
Ndovu Resources Ltd. (Aminex) 39% (Operator)
RAK Gas Commission 25%
East African Exploration Ltd. 10%
Bounty Oil and Gas NL 6%

For further background information please see the Companys web site or contact

Ken Russell or John Ribbons
Managing Director Company Secretary
+ 61 8 9327 3500 + 61 8 9481 7288
info@keypetroleum.com

or

Ian Howarth
Farrington National
+ 61 3 9223 2465
ian.howarth@farrington.com.au

If this drilling comes right, I think we are going to see 30p + without any hesitation.

Holding up well despite market turbulence, must say if this was a few years ago in small cap boom time this would already be above 40p.

Tanzania Update out from Key Petroleum, not long now until the drill starts going into the interesting bits :) :



http://www.keypetroleum.com/reports/PressRelease220108.pdf

ASX and Media Release

Tuesday 22nd January 2008

KILIWANI #1 - OPERATIONS UPDATE

Key Petroleums (ASX code: KEY) provides the following operations update.

All reported depths are below the rotary table (RT) on the rig floor.

Report Time and Date: 06:00 hr 21/01/08 (East African Time)

Current Depth: 2257 metres MD

Operations: Drilling to the 9-5/8 casing point has been achieved. The rig is now in the process of performing a wiper trip to clean the hole before running casing. The rig will then be drilling ahead into the expected reservoir section.

Participants in the Kiliwani #1 well with Key Petroleum (20%) are:
Ndovu Resources Ltd. (Aminex) 39% (Operator)
RAK Gas Commission 25%
East African Exploration Ltd. 10%
Bounty Oil and Gas NL 6%

For further background information please see the Companys web site or contact;

Ken Russell or John Ribbons
Managing Director Company Secretary
+ 61 8 9327 3500 + 61 8 9481 7288
info@keypetroleum.com

or

Ian Howarth
Farrington National
+ 61 3 9223 2465
ian.howarth@farrington.com.au

At a guess for those that can afford it : good time to top up I would like to say possibly...

Aminex PLC
26 January 2008

AMINEX PLC

EGYPTIAN PROGRESS REPORT

28 January 2008

Aminex PLC ('Aminex') is pleased to announce progress on its Egyptian
exploration licence, West esh el Mellaha Block 2 ('WEEM').

A new 2000 HP drilling rig (Rig ZJ-46) built in China was successfully delivered to the Gulf of Suez in mid-January. This rig is contracted for 18 months on a shared 'call-out' basis for the WEEM group and other operators.

The first well location to be drilled on WEEM will be Malak-1 and containers
have now been transported to the drill-site where rigging-up is already 20%
complete. Barring unforeseen difficulties, drilling is expected to commence by
mid-February.

The Malak-1 well, first of two back-to-back wells in the programme, will be
drilled to a total depth of 12,500 feet (3,800 metres) and is anticipated to
take 30 days. Depending on results, the rig will be available for further
drilling and additional wells may be drilled immediately after completion of the first two wells or at a later date.

A further announcement will be made when the Malak-1 has been spudded.

Aminex has a 10% beneficial interest in WEEM, carried through to first
commercial production, and partners are First Energy Ltd., Groundstar Resources
Ltd., FS International Corporation and Sinopex Ltd.

Aminex Executive Chairman Brian Hall commented: 'Good progress has been made at WEEM which will become the third concurrent drilling campaign in which Aminex is at present directly involved. On the Nyuni-East Songo Songo concession in Tanzania, the Kiliwani-1 well is now close to target. This will be followed by the spudding of the nearby Kiliwani North well to test a separate prospect. In Hidalgo County, Texas the recently-announced gas discovery well in the South Weslaco Field, GU#38, will be tested in the near future and this will be followed by drilling of a further well, GU#39. Additionally, plans are ongoing but not yet finalised for drilling a second well to test a new deep gas prospect in the Alta Loma area, Galveston County, Texas, close to existing Aminex gas production.'

For further information:

Brian Hall Aminex +44 20 7291 3100
Alisdair Haythornthwaite Pelham +44 20 7743 6676


This information is provided by RNS
The company news service from the London Stock Exchange

Papal Power, good news all round, boy ! is this company busy or what !

Funny, this RNS has not come up on Money AM !

Still can't understand why not many people are interested in this little gem, I'm overweight on this stock, another thing that would really set the world alight is the strong possibility of some North Korean drilling in the not too distant future, as this country seems to be complying to some USA demands. Why do people bother with retailers (apart from ASOS), and banks in these bad times ?

Seen too many like this before, nice if they find the goods, but in the event of a duster in the current climate, i would be concerned where the sp would end up...!

They are drilling in 3 different locations almost at the same time, plenty of possible upside even if one goes pear shaped.