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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Tremendous result with this well....the sp should fly this morning...at long last AEX has got it right...in up to my neck nearly in this one....interesting morning here !

Thank you PapalPower for all the info...it's really great...keep up the good work, thanks once again !

If this was VOG a few years ago what would people be saying ?....this could be biiiiiiig ....huuuugggge !

10% up so far, but you are right, its really good news here, lets hope they are right wth other drilling:)

Fernandesb...It's also the future possible discoveries that look very promising indeed !

required field what the schedule of future drillings?

Ahhhhhhhhh so we are waiting for Egypt now :)

We have drilling in Egypt going on as we speak (imagine what that will do for the sp if there is sucess at the first attempt) and there's more going on in the USA (I'll have to check that) and possible progress with North Korea and this morning's discovery which isn't even the primary target...did I hear the word gem mentioned !, and loads of extra drilling now to look forward to in Tanzania !

:) you seem to be well exited:) but so Am I :) Any vision of future sp if there is more good news?What is the shares potential here ?

At a guess...once these awful market conditions end, and with the brokers possibly upgrading their stance on this stock...at a guess we should see 30p plus...a lot of people just don't realise how good this little irish stock good be and it is possible to put it in an Isa as it is a London main market stock !...if there is (and there should be) more drilling sucess in Egypt...Tanzania...USA...well dare I suggest we could be heading up to the 40 or 50p mark...we shall see !

:) we shall see:) now I will wait for good news from Indago :)

Cheers ...got to go now...some work to do !

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1205805610&feed=oilbarrel_en

18.03.2008

Aminex Makes It Third Time Lucky In Tanzania As Kiliwani North-1 Strikes Gas

Trust Aminex to do things differently. On the day markets around the globe tanked, the London-listed firm announced it had struck gas in Tanzania and its shares gained 14 per cent to stand at 24.25 pence.

This was welcome news for long-time followers of Aminexs adventures in East Africa. Pioneering Aminex led the international E&P pack in staking out territory in this little-drilled frontier: its Nyuni-1 well of 2003/4 was the first well in Tanzania for 13 years but recent years have seen large tracts of the East African coastline licensed out to multinationals such as Woodside, Shell and Petrobras.

But Aminexs headstart has taken a long time to pay off. Nyuni-1 was a tortuous exercise for the company, running way over budget as logistical headaches and complex geology saw the planned total depth of 3,000 metres stretch to 3,895 metres - a lot of extra well for a wildcat. The well was plugged and abandoned although it did log hydrocarbons in the Lower Cretaceous and Jurassic formations and established the presence of oil from a Jurassic source in the region for the first time. The next well to drill on the Nyuni licence, the long-awaited Kiliwani-1 exploration well, was also P&A after it failed to find commercial hydrocarbons in the Lower Cretaceous sands, which were encountered deeper than in the nearby producing Songo Songo gas field.

There was a sense among some investors that the next well to spud, Kiliwani North-1, would make or break Aminexs Tanzania campaign. This is a company that has built its reputation on successfully returning value to shareholders despite operating in difficult and challenging environments: in 2002, for example, it returned capital to shareholders after a successful and profitable exit from Russia, since when it has built a portfolio that stretches from the frontier East African Margin to the politically-charged territories of North Korea.

Although it is early days, it appears the Kiliwani North-1 will vindicate this pioneering strategy. The KN-1 well, which carried a pre-drill P50 estimate of 100 billion cubic feet of gas and was drilled to a depth of 2,030 metres, has intersected a substantial 60 metre gas column in Lower Cretaceous sandstones, the same reservoir as Songo-Songo. The well also encountered minor oil shows in the Neocomian and confirmed the presence of potential reservoirs in the Tertiary section. Flow-testing and further appraisal drilling will be required to determine the extent of the discovery but the commercial threshold will be low: the structure lies just a couple of miles form the Songo Songo pipeline which connects to the energy hungry capital Dar es Salaam.

The well was testing a possible extension of the Songo Songo field into the Nynui licence but the gas-water contact was about 30 metres deeper than at the producing field. This, Aminex believes, is good news as the deeper gas-water contact demonstrates the discovery is in a separate structure to Songo-Songo. This further enhances the prospectivity of the remaining leads and prospects within the Nyuni licence, said the company, which has identified a string of prospects on the licence, some with the potential to dwarf Kiliwani.

KN-1 is a totally new, deep structure which opens up several avenues for further exploration on the licence and strengthens the case for oil on the East African margin, said Aminex chairman Brian Hall.

Aminex has a 40 per cent interest in the project, alongside Rak Gas with 25 per cent, Key Petroleum with 20 per cent, East African Exploration with 10 per cent and Bounty Oil & Gas with five per cent. Under a series of farm-out deals signed last year, Aminex managed to get the bulk of its costs carried.

Investors will be keen to hear how Aminex plans to chase down this potential in terms of future activity. While they await production test results, investors can also expect to hear news from Aminexs first well in Egypt, where it has a 10 per cent interest in the West esh el Mellahah block in the onshore Gulf of Suez region. The Malak-1 well, which is being drilled to a total depth of 3,800 metres, is drilling ahead on schedule. Aminexs costs here are free carried through to first production making this a no-risk exercise for the London firm.

Up again...I think there's more to come yet....it might settle around 27p....before the next RNS.

Up 6% so far today and rising....could be the oil gem of 2008 !

News out in Oz :

http://www.asx.com.au/asxpdf/20080319/pdf/3184ply607gp6p.pdf



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Aminex PLC
28 March 2008
AMINEX PLC
28 March 2008

INCREASE IN U.S. RESERVES

Aminex PLC, the oil and gas company listed in London and Dublin, today publishes the results of an updated independent appraisal of its reserves of oil and gas in the USA prepared by OPC of Houston, Texas.

The total value of the appraised reserves at 31 December 2007, calculated on a
P50 basis, is reported to be $143,074,800, an increase of approximately 66% over the value reported by OPC in respect of 31 December 2006.

The increase is due to higher oil prices, successful drilling efforts and
continuing production at Shoats Creek and Alta Loma, both of which had been
subject to interruption in previous years.

A summary of the OPC report for each of Aminex's four main producing areas has
been posted to the Aminex website ( www.aminex-plc.com ) and appears under the
Investors section.

For further information:

Brian Hall Aminex +44 20 7291 3100

Archie Berens Pelham PR +44 20 7743 6679

Website : www.aminex-plc.com


ENDS


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

:):):) nice one,waiting for Egypt :):)

Great update...let's hope Egypt drilling comes right...2 wells at least at no cost to the company....very promising minnow oil company and the USA reserves update is tremendous...at a guess...sp wise...well worth over 30p !

Shares in Aminex (AEX) gushed 1.25p higher to 25.5p after the company revealed the value of its oil and gas reserves in the US rose by two thirds during the year ended 31 December to 143 million dollars, boosted by higher oil prices.
The company also said output was raised, boosted by successful drilling efforts and continuing production at Shoats Creek in Louisiana and Alta Loma in Texas, helping revenue climb to 9.3 million dollars from 5 million dollars, although pre-tax losses widened to 3.3 million dollars from 2.8 million dollars.
"Since the year end we have announced a significant gas discovery on the Nyuni licence in Tanzania and announced a further gas discovery in the South Weslaco Field in Texas," chairman Brian Hall said. "With an ongoing drilling programme in Egypt, a major gas exploration well planned in Texas at Alta Loma this year and plans in hand for drilling in the highly prospective Ruvuma Basin of Tanzania at the start of 2009, we expect to maintain the momentum of our current operations," added Hall.