Fwiw I think Aminex is a bit of a punt at the moment as they only have one well left to drill this year.
I think even if it is succesful they would need to raise cash therefore don't see much progress and if it fails then they may still try to dilute shareholders even at these low levels.
I think if this next well fails then there is a good chance the price collapses further & given that the current market has seen loads of other E+P stocks drop considerably especially those with multiple well drill programmes ahead there ony needs one well to come in.
So my arguement is does it make sense to have money in Aminex on one well when one can buy into other E+P's that are very cheap but offer several shots to the upside rather then a one well all or nothing?
Repo's/GHH already pointed out SacOil which I think is a good punt, a better punt then Aminex given Sacoil have Total on board and their interest carried on one of the blocks in which Tullow/Heritage had significant success.
I think Serica's a signficantly better Investment, it is not what I would consider a punt at all as it has cash on the balance sheet, a producing asset, tax losses to recoup and loads of nice acreage in Namibia and the North Sea with decent exploration chucked in, Columbus and Spaniards exposure!
I also like Bowleven, Soco, Sterling, Heritage, Nautical.....
These are far better Investments then Aminex IMO. Quite a few people are emotionally attached to a share, therefore tend to hold on hoping they can recoup their losses.
Listen to someone who has been around a while, you can sell - it's your money and there is no rule to say you need to make back your money the same way you lost it.
I also strongly encourage anyone to share their ideas - these boards are about making money and I am always interested to hear from you about new ideas of making money, there are far too many rules and regulations in the world we live in, so we really don't need anymore here.
Please do feel free to share your ideas, thanks.
Argentinian shale is worth a look.
I posted this on the ADVFN Antrim board a couple of weeks back
''http://seekingalpha.com/article/257082-kevin-shaw-horizontal-drilling-an-oil-gas-game-changer
S: Crown Point Ventures Ltd. has just come to the table over the last 12 months in Argentina. It has a market cap of just over $75 million. In a very short period of time, Crown Point has put together four key blocks and is spudding a drilling program within a week or so, focused on low- to medium-risk conventional oil development to ramp production and cashflow.
Crown Point also has solid management, similar to Madalena. Based in Calgary, Crown Point is headed by Murray McCartney, who has teamed up with Mateo Turic in Argentina to run the operations there. Mateo Turic headed YPF's exploration and production department in Argentina, so he's very well connected, knows everyone in Argentina, and is a key strength for the company to go forward.
Crown Point is a very cheap stock currently. It is producing about 400 to 500 barrels of oil a day and has two low-to-medium risk development blocks in conventional oil, multizone type targets. It's recently cashed up, with about $30 million in its jeans and no debt to drill probably 15 to 16 wells over the next 12 or so months. Crown Point also plans to drill some high-impact exploration wells, probably later this year. They're talking three to four potentially game-changing exploration wells, the same type of stuff Madalena is drilling now. So, Crown Point is one to definitely watch, and it's just coming out of the gates in Argentina.
TER: That's a great story.
That is AEY's partner in the dead cow play.
http://seekingalpha.com/instablog/365869-keith-schaefer/223644-the-juniors-with-the-best-exposure-in-argentina-s-huge-shale-play
Cerro Los Leones is a large 307,000 acre exploration concession in the Northern portion of the Neuquén Basin where the company holds 49.9% in working interest. This is an oily area surrounded by several producing fields such as Cerro Fortuna (current production 4,675 bod) and Valle de Rio Grande (current production 5,000 bod)
This block presents an excellent growth opportunity with low to medium risk for multi-zone exploration and exploitation. Wells in adjacent fields initially produce at 400-800 boe/d with around 750,000 boe in recoverable reserves. The company plans on drilling 2-4 exploration wells by the end of the year following the completion of a 2D and 3D seismic program.
Schaefer impresses me with his analysis and the timely way he highlights interesting oil and gas companies.''
After yesterday's placing Crown Point will be well positioned to drill up the Shale play with Antrim.
Andes Energia AEN in particular, may have more good news to come. Their acreage looks very well positioned in relation to the huge Repsol/ YPF finds.
http://www.investegate.co.uk/Article.aspx?id=201111170700202557S
There are other companies quoted in Toronto. Open up the seekingalpha link above.
American Petrogas, loads of gas acreage.
Madalena Ventures, their Coiron block is just north of the main Andes Energia/YPF block
Crown Point Ventures, mentioned above
Arpetrol
I have quite a few analysts reports on this, if anyone is interested. The Antrim thread on ADVFN has a lot of related material, even though the main interest in AEY, at the moment, is the high impact NS exploration, which has just started.
repo
