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

Aminex PLC
05 March 2007

US ACTIVITY UPDATE

Aminex PLC, the oil and gas company listed in London and Dublin, offers the
following update on its US activities:


An independent report has now been finalised by Offshore Production Consultants Ltd. ('OPC') on oil and gas properties held by the Company's wholly-owned subsidiary Aminex USA, Inc. OPC is a recognised oil and gas reserves engineering firm based in London and Houston. The report is the first full re-evaluation of Aminex's US properties to be undertaken for three years and was commissioned by Aminex following participation in joint venture drilling at South Weslaco, Texas, engineering and enhancement work at the Shoats Creek field, Louisiana, and geological work in preparation for further drilling at Alta Loma, Texas. The re-evaluation reflects the effects of new drilling activity and a strong overall improvement in commodity prices.

Using a discount factor of 10% and commodity prices going forward from 2010 not exceeding $61.12/barrel for crude oil and $7.53/mcf for natural gas, the combined value of all the US properties for Proved and Probable (2P case) is $84,516,500.

http://www.investegate.co.uk/Article.aspx?id=200703050701432879S

From Davy Stockbrokers on 5th March - 50% upside and more:

http://www.rte.ie/business/2007/morningrep/download/0305davy.pdf

"OPC, an independent oil and gas engineering firm, has concluded from an analysis of Aminexs US interests that its net 2P reserves total 5.4 mmboe. This is more than double the number used in our valuation model and from which our NAV of 37p per share is derived. Aminex values its 2P reserves at $84m versus our valuation of $45m for all of its US assets (2P reserves + P3 resources).

Aminexs market cap is currently some 30m. Its valuation of its US reserves suggests that its market cap should be closer to 45m, even before adjusting for the price of an option on its exploration portfolio. This simple comparison suggests at least 50% upside in the current share price.

Drilling and 3D seismic acquisition is planned for Aminexs US properties over the coming months."

Aminex/Ndovu Resources completed the drilling of Nyuni 1 well in the Nyuni Licence and confirmed an active petroleum system in the area evidenced by gas and oil finds.

http://www.ippmedia.com/ipp/observer/2007/03/11/86093.html

Aminex (AEX)
20 March 2007

Preliminary results for the year ended 31 December 2006

Highlights


Net loss reduced to US$2.86 million (2005: loss US$4.98 million)

US production ahead of previous year

Active drilling programme due to commence shortly in Tanzania, Egypt
and USA

Up to date engineering evaluation shows major increase in 2P value
of US properties

Two farm-out agreements concluded on Nyuni licence, Tanzania

Slow but steady progress in North Korea

Seismic completed at Nyuni and further seismic planned for Ruvuma
licence this year

First year programme completed in Madagascar and new seismic planned for 2007



Brian Hall, Chief Executive of Aminex, said:

'During the year, we consolidated our exploration programme in Tanzania and Madagascar and made good progress in our other areas of operation. We are now poised to launch the most active drilling programme in Aminex's history. We have managed the programme in such a way that shareholders stand to benefit from exploration upside, without being unduly exposed to the outcome of any single well.'

http://www.investegate.co.uk/Article.aspx?id=200703200700352613T

21.03.2007
Aminex Pleases Investors With News Of Possible May Spud Date For Songo Songo South Well

Things often move slowly in the oil and gas business, particularly when equipment and personnel are scarce on the ground. Its only when a company publishes its full-year results that it becomes apparent that there has been plenty of work going on behind the scenes. This is the case with Aminex, which has spent the past year laying the ground work for what now promises to be its busiest drilling programme yet.

2006 saw the London-listed firm conclude two farm-out agreements on its acreage in Tanzania, undertake marine and transition zone seismic work in that country, complete seismic and seabed coring in Kenya, sink two successful gas wells on its properties in the US and complete its first year work commitments in Madagascar. This prosaic but useful activity has laid the groundwork for what really excites investors: drilling.

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1174442403&feed=oilbarrel_en

Aminex AEX
21 March 2007

NYUNI / EAST SONGO SONGO PRODUCTION SHARING AGREEMENT, TANZANIA - FARM-OUT

UPDATE

Aminex, the oil and gas company listed on the London and Irish Stock Exchanges, announces that its farm-out of a 20% interest in the Nyuni / East Songo Songo licence in Tanzania to Key Petroleum Ltd. ('Key'), announced to shareholders on 5 February 2007, has been finalised. The two outstanding conditions of the farm-out, being (1) completion of an underwriting agreement for a proposed financing by Key and (2) formal consent from the Government of Tanzania, have now been met.

Aminex also announces that East Africa Exploration has now completed its obligations under a seismic programme on the Nyuni / East Songo Songo PSA at a cost of $2 million and has now earned a 10% working interest in the PSA.

Interest owners are:

Ndovu Resources Ltd. (Aminex subsidiary) 64%

Bounty Oil 6%

Key Petroleum 20%

East Africa Exploration 10%

END

http://moneyam.uk-wire.com/cgi-bin/articles/200703210701073682T.html

Edison Investment Research
Apr 02 2007

Underpinned value

Despite a set of encouraging updates that preceeded the recent results announcement, Aminexs share price continues to fail to reflect the upside potential of its exploration acreage. Having spent 2006 laying the groundwork for an ambitious exploration programme, 2007 looks to be a high impact year for Aminex. Newsflow is expected from drilling programmes in East Africa, Egypt and the US. The current market capitalisation is more than covered by the value of the producing US assets.

http://www.edisoninvestmentresearch.co.uk/research/category/Aminex

Aminex (AEX)
03 April 2007

SIGNING OF RIG CONTRACT

Aminex PLC, the oil and gas company listed in London and Dublin, is pleased to announce that its wholly-owned Tanzanian subsidiary Ndovu Resources Ltd has signed a contract for the use of Maurel & Prom's Caroil-6 land drilling rig for use at Aminex's Nyuni / East Songo Songo licence.

This rig has recently drilled Maurel & Prom's gas discovery well at the nearby Mkuranga licence in Tanzania and will drill a development well in the Songo Songo gas field before delivery to Aminex and partners, anticipated for late May.
Aminex plans two wells at Nyuni, the first of which will be directionally
drilled from the small Killiwani island, which lies one kilometre to the SW of Songo Songo Island. The drilling objective is a prospect known as Songo Songo South.

Brian Hall, Chief Executive of Aminex, commented:

'Securing the Caroil-6 rig is an important milestone in our 2007 drilling
campaign. We are looking forward to commencing operations at Nyuni and will inform shareholders when there is further progress.'

http://www.investegate.co.uk/Article.aspx?id=200704031030022983U

The Oilbarrel presentation

http://www.aminex-plc.com/Resources/oil_barrel_pres07.pdf

From The Times
July 27, 2007
In the know

Tiddler to watch

Aminex, the oil and gas minnow, has caught the industrys attention by picking up David Cliff and Nigel Hanwell, formerly of Hardman Resources, to boost its exploration team. The pair have considerable experience in Africa, where Aminex is focusing its current drilling programme. The shares closed unchanged at 20p.

http://business.timesonline.co.uk/tol/business/markets/article2148268.ece

Well done Nab Com, nice to see someone has kept this going.


I came in today having discarded all the rest as potential for investment.

Cheers seawallwalker.
Another snippet.

The Sunday Times
August 5, 2007
Where to bag a profit before Christmas

We asked five top stockpickers where they would put 10,000 to make maximum returns

The other 5,000 would go into the warrants of Aminex, an oil exploration company with interests in America and East Africa and the exclusive rights to drill in North Korea.

Steel said: Investors dont need markets to do well for an investment like this to produce stunning returns.

The warrants give the right but not the obligation to buy shares in the trust. If the shares do well, the warrants will do even better. But if they do badly, the warrants will do even worse.

Aminexs warrants can be bought through a stockbroker. They currently cost 4.65p.

http://business.timesonline.co.uk/tol/business/money/investment/article2198026.ece

7 August 2007
Aminex PLC ('Aminex' or 'the Company')
Rig Update

Current information is that remedial work to the rig will be completed by
mid-August following which it will complete its work at Songo-Songo.
It is anticipated that the rig will be delivered to the Nyuni partners in late
September and will be ready to spud Kiliwani-1, first of two locations in the
current Nyuni programme, in the first half of Oct

Elsewhere in the region, Aminex has commenced major onshore seismic programmes in the Ruvuma Basin of Tanzania and over the Manja licence in Madagascar, in preparation for drilling in 2008.

http://moneyam.uk-wire.com/cgi-bin/articles/200708070700296107B.html

$100 OIL
Published date: Thursday, August 23, 2007

Will oil break the one-ton-barrel barrier? Tom Sieber looks at the reasons behind the current surge of the black stuff, the durability of its high tide and the companies that could bring profits to investors

Africa is obviously rich in resources and East Africa seems to be attracting a lot of interest, which is good news for companies such as Dominion Petroleum (DPL:AIM) and Aminex (AEX:AIM.

Wherever E&P companies go looking for oil & gas, there is little doubt that, in the world of higher oil prices, there will be opportunities for investors to benefit. To that end, we have picked ten stocks with an oil focus, which either have attractive production already on the books, or are very close to getting there. As ever with this sector, these are no companies to bet the house on, but for investors willing to take on a bit of risk, these should be well placed to take advantage of an ongoing boom in oil.

High-octane tips

Aminex (AEX:AIM) 19.75p
Market Cap: 47.8 million
3-month relative strength: -4.6%, 1-year relative strength: -32.8%
The firms position is supported by its production in the US and it has and the exclusive rights to drill in North Korea. However, of potentially more interest are its plays in East Africa. The management has good experience in the region and the assets are not insignificant. With the area around Tanzania becoming increasingly attractive to the majors, if Aminex is successful with its current drilling programme there is potential for a farm-in with a much larger operator. Edison Investment Research believe that Aminex is already operating at a discount to its NAV, even if its exploration upside is ignored.


http://www.sharesmagazine.com/node/1091

Aminex PLC (AEX)
24 September 2007

US Drilling Update

Aminex PLC, the oil and gas company listed in London and Dublin, announces the successful testing, fracturing and completion of GU #37, its third well in the South Weslaco Field, Hidalgo County, Texas

Two other previously drilled wells, GU#35 and GU#36, have been on production for some time and Aminex and partners have now proved up gas reserves in excess of 20 billion cubic feet in this field.

The incremental production from GU#37 will have a significant positive impact on future cash flow with immediate effect.

Drilling of a fourth well is planned towards the end of this year with further development drilling in 2008.

Aminex Chairman Brian Hall commented:

'The successful frac of a deep zone in GU#37 greatly enhances the potential of our South Weslaco producing property and points the way to further drilling. It is the first successful well result since the closing of our recent Rights Issue and institutional placing.'

http://www.investegate.co.uk/Article.aspx?id=200709240702283271E

New thread started at the link below :

http://www.moneyam.com/InvestorsRoom/posts.php?tid=12074#lastread



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