Any opinions on this one? I'm thinking maybe waiting for it to come down to .03 before I jump in and sell at .04. 100,000 shares puts me making a grand or losing a grand depending how it goes. Anybody got any thoughts on this one? Any info appreciated.MINERAL WELLS, Texas, Aug 4, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) announced today the second quarter Production Revenues for it's two wholly owned subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. subsidiary, Production Resources Inc., sold approximately 1498 barrels of oil in April, May and June for a total net oil revenue of $46,141. Bend Arch Petroleum Inc. in April, May and June had gross oil and natural gas sales of $96,901. Total gross revenues for Bend Arch Petroleum and Production Resources Inc. totaled $143,043.
Senior Management of American Energy Production Inc. is confident that the production numbers will increase significantly in the near term due to the addition of several oil and natural gas wells that will begin production during the month of August. A pumping unit has been added to the Youngblood #1 well recently completed in the Barnett Shale formation to pump the remaining frac treatment; so far recovering over two thirds of the stimulation fluids. As reported, this well is shut in with 1200 lbs/sq. inch shut in pressure, waiting on a natural gas pipeline sales connection. Also, Bend Arch Production Inc. completed a Barnett Shale well on its Palo Pinto 12 well Project. This well has produced over 1800 barrels of oil and 2.8 million cubic feet of natural gas in the past 14 days and is still improving with a market value of approximately $86,000.
On the PRI subsidiary oil properties in South Texas, the Company is evaluating a new down hole pump that will increase oil production after treatments with AMEP HOA-800. At this time the new pumps are performing well.
Charles Bitters, President of American Energy Production Inc. stated, "Our subsidiaries are performing beyond expectations. We are very pleased that the new oil and gas wells, and the improving treatment/recovery process with AMEP HOA-800 has increased production and revenues in the second quarter by approximately 240% over revenues from the first quarter. Similar increases are anticipated in the following quarters."
About AMERICAN ENERGY PRODUCTION, INC.:
AMEP was founded in 2000 and in 2003, upon the acquisition of certain oil and gas assets, the company entered a new development stage. Activities during this stage include acquisition of additional assets, developing and implementing a plan to extract oil and gas, acquiring certain rights to and utilizing an oil recovery additive, completing initial sales of oil and gas, and raising capital. The company has determined that its operating model best approximates that of an investment company and intends to make investments into developing businesses in oil and gas related industries. Please see www.americanenergyproduction.com.
About CFSG:
Consulting For Strategic Growth I, Ltd. takes the position of Corporate Development Consultant with public and private companies. Working side by side with management, CFSG assists client companies in exposing their story to the Wall Street community. This is accomplished through the use of Executive Summaries, Corporate Profiles, Fact Sheets, CEO Interviews, Research Reports, Position Papers, one-on-one cluster group meetings, in addition to presentations to CFSG's database of quality volume investors.
Consulting For Strategic Growth I, Ltd. ("CFSG") has a July 7, 2004 agreement with AMEP to provide consulting, business advisory, investor relations, public relations and corporate development services to the Company for an initial six-month period. In connection with these services, CFSG prepares press releases, corporate profiles, and other publications on behalf of and regarding the Company. In accordance with this agreement, AMEP will pay a cash retainer and issue shares of common stock and warrants each month for these services. Independent of CFSG's receipt of stock compensation, CFSG may choose to purchase the common stock of the company and thereafter liquidate those securities at any time it deems appropriate to do so.
To request additional information about the company or to schedule an upcoming meeting in New York please contact Ms. Meryl Orshan of CFSG at 1-800-625-2236.
Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Energy Production Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at www.sec.gov under "Search for Company Filings."
SOURCE: American Energy Production, Inc.
Consulting For Strategic Growth I, Ltd.
Corporate Development Consultants
Mr. Gerald Franz, 800-625-2236
Fax: 212-697-0910
cfsg@consultant.com
or
American Energy Production, Inc.
Mr. Charles Bitters, 210-410-8158 www.americanenergyproduction.com
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MINERAL WELLS, Texas, Jul 27, 2004 (BUSINESS WIRE) -- American Energy Production, Inc. (AMEP) announced today its wholly owned subsidiary Bend Arch Petroleum Inc. completed a well located on its 12 well Palo Pinto Project in the Barnett Shale Foundation. Total cumulative gross production to date is over 1400 barrels of oil and over 2,000,000 cubic feet of natural gas for the Company.
Charles Bitters, President of AMEP stated, "It is very unusual for a Barnett Shale well to produce this volume of oil. Normally these wells produce mostly dry natural gas. With the price of oil and natural gas at today's market prices this well has the potential gross sales of over $5,000.00 per day."
Bend Arch Petroleum Inc. also completed a Barnett Shale well in Parker County, Texas, and the Company believes this well, the Youngblood #1, will produce oil and natural gas in sizable commercial quantities. The well has 1200-lbs/sq. inch shut in pressure and only needs a pipeline connection to begin production. More details will be announced in the next few weeks as to the status of the Youngblood #1 well when production begins.
To date, Bend Arch Petroleum Inc. has accumulated over 7,000 acres of leases that have significant potential Barnett Shale oil and gas production. The company believes this is the time to further expand and grow in the area and is continuing to evaluate opportunities in select areas of the Formation.
About American Energy Production, Inc.:
AMEP was founded in 2000 and in 2003, upon the acquisition of certain oil and gas assets, the company entered a new development stage. Activities during this stage include acquisition of additional assets, developing and implementing a plan to extract oil and gas, acquiring certain rights to and utilizing an oil recovery additive, completing initial sales of oil and gas, and raising capital. The company has determined that its operating model best approximates that of an investment company and intends to make investments into developing businesses in oil and gas related industries. Please see www.americanenergyproduction.com.
About CFSG:
Consulting For Strategic Growth 1, Ltd. (CFSG) takes the position of Corporate Development Consultant with public and private companies. Working side by side with management, CFSG assists client companies in exposing their story to the Wall Street community. This is accomplished through the use of Executive Summaries, Corporate Profiles, Fact Sheets, CEO Interviews, Research Reports, Position Papers, one-on-one cluster group meetings, in addition to presentations to CFSG's database of quality volume investors.
CFSG has a July 7, 2004, agreement with AMEP to provide consulting, business advisory, investor relations, public relations and corporate development services to the Company for an initial six-month period. In connection with these services, CFSG prepares press releases, corporate profiles, and other publications on behalf of and regarding the Company. In accordance with this agreement, AMEP will pay a cash retainer and issue shares of common stock and warrants each month for these services. Independent of CFSG's receipt of stock compensation, CFSG may choose to purchase the common stock of the company and thereafter liquidate those securities at any time it deems appropriate to do so.
To request additional information about the company or to schedule an upcoming meeting in New York please contact Ms. Meryl Orshan of CFSG at 1-800-625-2236
Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Energy Production, Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at www.sec.gov under "Search for Company Filings."
SOURCE: American Energy Production Inc.
Consulting For Strategic Growth I, Ltd.
Corporate Development Consultants
Gerald Franz, 800-625-2236
Fax: 212-697-0910
Email: cfsg@consultant.com
or
American Energy Production, Inc.
Charles Bitters, 210-410-8158 www.americanenergyproduction.com
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MINERAL WELLS, Texas, Jul 2, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) today announced that it is taking immediate steps to de-list its common stock from trading on the Berlin Stock Exchange. The Company's shares were listed on the Berlin Stock Exchange without the Company's prior knowledge, consent or authorization.
American Energy Production Inc. has recently been made aware of an unauthorized listing of its common stock on the Berlin-Bremen Stock Exchange. Company executives became suspicious that "naked short selling" was taking place in its stock due to the continuous drop in share price over the past several weeks for no apparent reason. Naked shorting is possible due to the unregulated nature of the Berlin Exchange.
Legal counsel to the Company is sending a written demand to the Berlin-Bremen Stock Exchange (BBSE) that it immediately stop trading in the Company's common stock by designating the Company's common stock as "NA" on the next trading day while concurrently proceeding without delay to completely de-list the Company's common stock from the BBSE.
About American Energy Production, Inc.
American Energy Production, Inc. is an oil and gas lease acquisition company. The Company will specialize in acquiring oil and gas leases that have potential for increased oil and natural gas production utilizing new technologies, well work-overs and fracture stimulation systems. American Energy Production, Inc. will acquire oil and gas leases that have proven reserves. The Company will initiate developmental drilling programs to drill new wells on these leases and, if successful, will add oil and gas reserves to the acquired property. American Energy Production, Inc. is involved in three areas of oil and gas operations: Leasing Programs, Production Acquisitions and Drilling with new technologies. American Energy Production, Inc.'s main objective is to find oil and gas leases with upside potential for enhanced production. The Company does this by utilizing the following rules: 1) leases, 2) geology, 3) engineering and 4) mapping from 3-D seismic
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC, New York
John Hopf, 212-825-2500 www.************ www.americanenergyproduction.com
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MINERAL WELLS, Texas, Jun 2, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) announced today mid-quarter production revenues increased 1500% from the fourth quarter of 2003 for its two wholly-owned subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. subsidiary, Production Resources Inc., sold approximately 1187 barrels of oil in April and May for total net estimated oil revenue of $27,025. PRI has 1000+ barrels of unsold oil in inventory that will be sold in June at prevailing market prices.
Bend Arch Petroleum Inc. in April had gross oil and natural gas sales of $31,247. Total gross oil and natural gas sales for May will be approximately $35,000. Total gross revenues for Bend Arch Petroleum and Production Resources Inc. totaled $93,272 for the mid quarter.
Management of American Energy Production Inc. believes these production numbers will increase significantly due to the addition of several oil and natural gas wells that will begin producing in June. The Company has purchased two larger natural gas compressors, which will increase gas volume for the 12 well gas project, and the Marquees oil and gas well. The Youngblood #1 well recently frac stimulated in the Barnett Shale formation is continuing to flow frac treatment, so far recovering over half of the stimulation fluids. This well is flowing oil and gas, however, no flow rates have been established at this time.
The record heavy rains in south Texas have ended and Production Resources Inc. was able to inject AMEP HOA-800 into 13 oil wells this past week and the Company plans to treat 15 oil wells a week until all 193 Olmas heavy oil wells are treated.
Charles Bitters, President of American Energy Production Inc. stated, "We are very pleased with the growth of the AMEP subsidiaries. The only problem we are experiencing at this time is the availability of outside contractor equipment and services. There is quite a waiting list for these companies services."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC
John Hopf, 212-825-2500 www.************ www.americanenergyproduction.com
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MINERAL WELLS, Texas, May 19, 2004 (BUSINESS WIRE) -- American Energy Production, Inc. (AMEP) , announced today its wholly-owned subsidiary, Bend Arch Petroleum, completed a fracture stimulation of the Youngblood #1, located in Parker County, Texas on May 16.
The Barnett Shale fracture stimulation treated about 200 feet of formation with 7,000 barrels of fluids and 100,000 pounds of sand propant. The 30-35 barrels of fluids and sand were pumped at a pressure of 5000 PSI. Mike Hallford, fracturing engineer, stated, "The fracture stimulation of the Youngblood gas well was completed without any problems and this well should be commercially productive."
Charles Bitters, President of American Energy Production, Inc., stated, "Fracturing the Youngblood #1 gas well will give Bend Arch Petroleum, Inc., an idea of the commercial natural gas potential of the Barnett Shale in Western Parker County. Bend Arch Petroleum, Inc., has leased acres in the area for three to five additional Barnett Shale natural gas wells. It will take a week to ten days to recover the 7000 barrels of fluids before a estimated natural gas flow potential can be determined."
For more information on the Barnett Shale natural gas boom in North Texas and to view pictures of the Frac-Tech Services pumping equipment please go to AMEP web-site. http://www.americanenergyproduction.com.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production, Inc.
Wall Street Financial Network, LLC
John Hopf, 914-232-2726 www.************ www.americanenergyproduction.com
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MINERAL WELLS, Texas, Apr 27, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) today released the oil and gas reserve reports including production and future income. These oil and gas reserve reports were done by J.W. Rhea Interest Inc., Petroleum Consultants, of Austin, Texas.
American Energy Production Inc. requested the reports to up-date the potential of the oil and gas properties the Company's two subsidiaries owned or acquired in the past eighteen months.
Bend Arch Petroleum Inc. Marble Falls Unit has 2,198,662 barrels of oil and 2.979 MMCF of natural gas reserves with a Discounted Future Net Income (FNI) of $26,777,850.
Production Resources Inc. has total probable and possible oil reserves of 10,290,688 barrels and 514 MMCF of natural gas reserves with a Discounted Future Net Income (FNI) of $108,954,116.
Total proved, probable and possible oil and gas reserve for Bend Arch Petroleum and Production Resources Inc. is $135,731,966. These numbers may vary greatly due to the world economy and oil and gas price fluctuations. Both reserve reports can be reviewed at American Energy Production Inc. website: www.americanenergyproduction.com
Charles Bitters, President of American Energy Production Inc. stated, "AMEP is very fortunate to acquire this amount of oil and gas reserves in such a short time and with the other acquisitions the Company has made in the last three months the oil and gas reserves and income should continue to increase."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC
John Hopf, 914-232-2726 www.************
info@************
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MINERAL WELLS, Texas, Apr 20, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) announced today that it has received the first payment of the 10 million dollar financial commitment from Yanzu Inc.'s previously announced private placement. The Company sold 4,545,454 of 144 restricted shares at .11 per share for gross proceeds of $500,000. This block of stock is subject to 144 restrictions for one year from the date of purchase and the shares do not have registration rights until the one-year holding period has expired. The conversion was done at a 120% premium to yesterday's closing price.
The $500,000.00 funding will mainly be used to continue the re-work and fracture stimulation projects in the Barnett Shale and Marble Falls formation on leases owned by AMEP's wholly owned subsidiary, Bend Arch Petroleum Inc. Presently, Bend Arch Petroleum Inc. has four natural gas wells in various stages of completion. A portion of the funds will also be used to increase pumping activities with AMEP HOA-800 (a heavy oil treatment) on AMEP's wholly owned subsidiary Production Resources Inc. leases in South Texas
Charles Bitters, President of American Energy Production Inc. stated, "This long term financial commitment, at a significant premium to our current stock price, shows tremendous confidence in our present and future drilling projects as well as management's ability to execute their business plan."
About American Energy Production, Inc.
American Energy Production, Inc. is an oil and gas lease acquisition company. The Company will specialize in acquiring oil and gas leases that have potential for increased oil and natural gas production utilizing new technologies, well work-overs and fracture stimulation systems. American Energy Production, Inc. will acquire oil and gas leases that have proven reserves. The Company will initiate developmental drilling programs to drill new wells on these leases and, if successful, will add oil and gas reserves to the acquired property. American Energy Production, Inc. is involved in three areas of oil and gas operations: Leasing Programs, Production Acquisitions and Drilling with new technologies. American Energy Production, Inc.'s main objective is to find oil and gas leases with upside potential for enhanced production. The Company does this by utilizing the following rules: 1) leases, 2) geology, 3) engineering and 4) mapping from 3-D seismic.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC
John Hopf, 212-825-7500 www.************
info@************
or
American Energy Production Inc. www.americanenergyproduction.com
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MINERAL WELLS, Texas, Apr 14, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) announced today Compass Capital Group, a New York-based private investment firm, has secured an additional financial commitment of up to $10 million with Yanzu Inc. The terms of the financing involve restricted shares to be purchased at a price between $.10 and $.18 per share depending on the current share price of American Energy Production Inc. This stock will be 144 shares with a one-year restriction and no registration rights. When Yanzu Inc. has purchased $1 million of the 144 restricted stock Yanzu Inc. will be granted a seat on the AMEP Board of Directors acquisition committee.
Charles Bitters, President of American Energy Production Inc. stated, "The $10 million financing commitment will allow the continuation of AMEP's aggressive oil and gas income property acquisition campaign both domestically and abroad. The Company will also be able to increase its acreage holdings in the lucrative Barnett Shale area of North Central Texas. AMEP is pleased Compass Capital Group has made a further commitment to play a key role as investment banker and advisor on the future operations of American Energy Production Inc."
Mr. Hugh O'Neill, legal counsel for Yanzu Inc., stated, "Yanzu is very excited about this investment in American Energy Production Inc. With the current high price of oil and natural gas, the lowest level of U.S. oil reserves in the last 30 years and OPEC's announcement of quota reductions, we feel this is an exceptional investment opportunity. Coupled with the potential of American Energy Production Inc. oil and gas operations and with the increase in oil production from the use of AMEP HOA-800 heavy oil treatment, we are very comfortable making this long-term commitment."
Statements contained in this release which are not historical facts may be considered forward-looking statements and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance; unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC, New York
John Hopf, 212-825-7500 www.************ www.americanenergyproduction.com
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MINERAL WELLS, Texas, Apr 6, 2004 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) (AMEP) announced today the projected first quarter gross revenue of it's two wholly owned subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. completed the acquisition of Production Resources Inc. and took over field operations on January 1, 2004. Due to heavy rains in the first quarter and not being able to treat as many of the 193 Olmas oil wells with AMEP HOA-800 as planned, PRI still sold approximately 1789 barrels of oil for total revenues of $40,756.00.
Bend Arch Petroleum Inc. Marble Falls Unit produced 503 barrels of oil for total revenues of $16,084.00 and the Fisher County Steele oil lease produced 366 barrels of oil for total revenues of $12,401.00
The acquisition of the 12 Palo Pinto, County natural gas wells was completed by Bend Arch Petroleum on March 1, 2004 and produced 2.1 million cubic feet of natural gas in March for total revenues of approximately $10,500.00.
Total gross revenues for Bend Arch Petroleum and Production Resources Inc. totaled $79,741.00 for the first quarter of 2004. Management of American Energy Production Inc. believes these production numbers will increase significantly in the second quarter due to continued oil and gas well workovers in progress, increased injections of AMEP HOA-800 on PRI oil leases and acquisitions of other oil and gas properties planned in the near future
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
Wall Street Financial Network LLC
John Hopf, 914-232-2726 www.************ www.americanenergyproduction.com
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