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 (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

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



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