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

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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