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Company Comment on 10 November 2010
"...The company has numerous exciting prospects. Further news from its Shoats Creek exploration in the US could see the share price heading north, whilst some posters argue the Tanzanian operations alone could be worth the market capitalisation..." (36 Mio GBP)
http://www.fool.co.uk/news/investing/....aspx?source=ufwflwlnk0000001
Aminex is a London Full List oil and gas exploration, development and production company with oil and gas production in two US states, a 40 million cubic feet/day gas discovery in Tanzania currently being appraised and three exploration licences in Tanzania.
In the relatively unexplored Tanzanian Ruvuma Basin Aminex is in an active drilling joint venture with Tullow Oil where the first exploration well was spudded on 9 January 2010.
Aminex also participates in an active drilling programme onshore Gulf of Suez, Egypt and has a long-standing exploration relationship with the government of North Korea which is likely to become active when regional politics permit.
http://dl.dropbox.com/u/13170274/Ambrian_Initiation_of_Coverage.pdf
Monday, November 15, 2010
Aminex announces that that it has raised approximately £1.7 million (approximately $2.7 million) net of expenses. Shore Capital Stockbrokers Limited and Davy, joint brokers to the Company, have procured subscribers for 24,073,250 new ordinary shares at a price of 7.5p per share. The issue of these New Ordinary Shares will represent in aggregate approximately 5.6% of the existing issued share capital of the Company and are being issued under existing allotment authorities granted by shareholders. The new funds will be used partly towards securing long lead items for drilling the Nyuni-2 well in Tanzania and partly to assist the development programme at Shoats Creek, Louisiana.
18th November 2010
9.30 am - 1.30 pm
The Brewery, Chiswell Street, London EC1Y 4SD
Presenting Companies include:
Coffee Break
Please note that this is the presenting order.
http://www.oilbarrel.com/oilbarrel_forums.html
Aminex and partners plan to drill a well to test the potential of the Neocomian sandstones in the Nyuni prospect early in 2011, using Nyuni Island as a base.
Aminex (operator) has 50% of the Nyuni PSA and partners are RAK Gas Commission (25%), Key Petroleum (20%) and Bounty Oil (5%).
#000000">West Songo-Songo PSA:
Aminex has 37.5% in the Ruvuma PSA, Tullow Oil (operator) has 50% and Solo Oil has 12.5%.
USA / Shoats Creek, Beauregard Parish, Louisiana:
Oil and gas production. (Aminex 100% plus 50% of El Paso 'Wilcox' joint venture area.)
Alta Loma, Galveston County, Texas:
Oil and gas production. (Aminex 37.5%)
South Weslaco:
Gas production. (Aminex 25%)
Somerset:
Oil production. (Aminex 100%)
EGYPT / West Esh el Mellaha ("WEEM-2")
KOREAN PENINSULA
East Korea Bay Basin: In 2010 Aminex sold a 50% interest in its subsidiary Korex Ltd. to Chosun Energy of Singapore. Korex subsequently signed a new PSC with Korea Oil Exploration Company (KOEC), the state oil company of the Democratic People's Republic of Korea ('DPRK'), covering over 50,000 km²offshore in the Korean East Sea.
OILFIELD SERVICES SUBSIDIARY
Aminex's wholly-owned oilfield service and supply subsidiary, AMOSSCO, has been trading in line with expectation and will be supporting the next phase of drilling at Nyuni in Tanzania. It is currently providing support services to oil companies in Europe, South America and North Africa.
http://www.investegate.co.uk/Article.aspx?id=201011180700073861W
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| 2 | 14 | AMINEX findet 500Mio Barrel Öl | njimko | calimera | 18.11.10 08:59 |