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


.

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.

Could be the start of a climb up to the 30p area !

The beauty of a stock priced around the 20p's or 30ps is that a 1p rise is 4% or so, nearly enough to cover the spread, somehow oil stocks at this price are more likely to rise or drop in big percentages, this one really has a heck of a lot of upside to it far more than downside...!

Casing is now done, and soon to be drilling ahead into the target zone.


http://www.upstreamonline.com/incoming/article147809.ece

http://www.keypetroleum.com/reports/PressRelease290108(Final).pdf


Kiliwani-1 moves forward off Tanzania

By Upstream staff

Partners in the Nyuni licence off Tanzania said today that they have successfully run and cemented a 9-5/8 casing in place at the Kiliwani-1 well.

Once some debris have been removed from the hole, the partners will cut around three metres of new hole and pressure test the well ahead of moving forward to drilling into the primary target.

The primary target interval is at around 2340 metres.

Kiliwani-1 is operated by Aminex with a 39% working interest. The other partners at the well are RakGas (25%), Key Petroleum (20%), East Africa Exploration (10%) and Bounty (6%).


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29 January 2008 04:39 GMT | last updated: 29 January 2008 08:08 GMT

Thanks PapalPower, good posts as usual !

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1201658499&feed=oilbarrel_en&body=0&type=


30.01.2008

Investors Eagerly Await News From Tanzania As Aminex Lines Up Busy Q1

oilbarrel.com writers are sharpening their pencils in preparation for a flurry of newsflow from Aminex in the coming months. The London-listed company has long been a favourite with oilbarrel.com regulars but, saving the odd gas well in the US, drillbit activity has been pretty sparse in recent years.

Now the company is making good on lost time, with the first quarter of 2008 seeing drilling activity on three fronts. The most anticipated news, of course, will be of the Kiliwani-1 well in Tanzania. The well, which spudded in November and is testing a possible 100 billion cubic feet prospect, has encountered some difficulties on the way down, not least a broken drillbit that has required downhole cleaning to remove debris from the wellbore. The partners have also had to repair a section of worn flow pipe and repair the mud pumps: it would seem the rig, the Maurel & Prom-owned Caroil-6 land rig, which underwent remedial work before joining Aminex and its partners, is operating at its limits.

The well is now, however, close to the target Lower Cretaceous sands, which are productive in the next door Songo Songo gas field. The proximity of Songo Songo, which supplies most of Dar es Salaams power needs, has two advantages for Aminex: first, it derisks the geology, and second, it means there is existing gas infrastructure right next door with a direct line to the countrys energy-hungry capital city. The well will be followed by the drilling of Kiliwani North-1, which will test a separate prospect. This is high impact drilling for Aminex (which has a 39 per cent interest) as it has long staked its fortune on the prospectivity of East Africa. Its partners here are RAK Gas Commission (25 per cent), East African Exploration (10 per cent) and Bounty Oil & Gas (6 per cent).

2008 could see further drillbit excitement in Tanzania as Aminex may also spud the first of two commitment wells on its Ruvuma licence towards the end of the year. Ruvuma covers 12,000 sq km near the southern border with Mozambique, where industry big spenders have committed to drilling. Aminex has 50 per cent of Ruvuma alongside City darling Tullow Oil.

In Egypt, the company is currently gearing up to spud the first well on the West esh el Mellaha Block 2 (WEEM) in the onshore Gulf of Suez region. Malak-1 is due to spud in mid-February, the first of three wells on the block with the first two due to drill back-to-back. The well will be drilled to a depth of 12,500 feet and will be looking to confirm the classic Gulf of Suez rift geology which is productive throughout this area. Aminex has a 10 per cent interest in WEEM and its costs are carried through to first production making this a no-risk exercise for the London firm.

Aminex investors are also seeing activity in the US, where the GU-38 well on the South Weslaco field in Texas is due for testing (Aminex 25 per cent). The well was quickly drilled to 11,000 feet to target the previously untested deep Frio sands. Logs indicated several potential gas-bearing zones. This is the fourth well on the South Weslaco field, where the discovered gas reserves now stand at more than 20 billion cubic feet. GU-37 was completed in September, when it flowed more than 2.5 million cubic feet per day from a Frio sand interval at 9,500 ft. The first two wells, GU-35 and GU-36, were drilled to 9,000 ft. All three wells are now on production. Testing of GU-38 will be followed by the drilling of GU-39, which will test even deeper formations.

Aminex is also planning a further well to test a new deep gas prospect near its existing gas production at Alta Loma, also in Texas. Gas drilling in the Lower 48 may lack the high impact allure of the Tanzanian campaign but it does have the merit of offering near-term production with none of the logistical and technical headaches that plague exploration in remote frontier areas. Even so, for the coming weeks Aminex followers will be eagerly awaiting news from the beautiful and remote Kiliwani islet in the Indian Ocean as the ailing rig crunches its way down to those key Lower Cretaceous sands...

This little Irish stock is going to surprise quite a few in the city in the next 18 months or so, (along with MRS) probably the busiest of the oilies !