These are flash views from HB Markets PLC and are not investment advice. Please ensure that you have read and understood the risk warnings below or by clicking here.
Wednesday, March 17, 2010 HB Markets Daily Smallcap Newsflash including Aminex, IdaTech, Neovia Financial, TEG Group and others
Aminex (AEX, 14.75p, £60.1m) announced a positive results form its well at the Shoats Creek property, Louisiana. The OM-1 reached total depth of 9.5k feet and wireline logs identified several potential oil and gas bearing intervals in Cockfield sands (between 8.2k and 9.3k feet) closely mirroring the expectations derived from 3D seismic interoperation. Testing will commence shortly following which it is anticipated that the well will be placed on commercial production from one or more zones. This is good news which potentially adds a useful revenue stream (too early to predict how much) or farm out possibility. We maintain our HOLD in light of impending results from Likonde-1, Tanzania. |