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AMEP American Energy Production (.090/share) on 25 Sept 03 signed exclusive distribution agreement with Natures Path LLC to distribute the heavy oil additve AMEP (hence their name) They also started negotiations to buy a 1,500 acre oil property in Texas that has 2.2 million barrels of heavy oil. It has 193 wells on the property. If the additive works, then the property will be worth much more than its present valuation. They have tested the additive on two wells that for the last 10 years have been producing between 1/2 to 1 barrel of oil a day. After adding the additive, the first well started producing 10 bbl/day and the 2nd one 12 bbl/day. Not only that, but it removed the sulfer content from the oil and the oil grade improved from being labled sour crude to sweet crude. On Dec 11th the sale was finalized and today over 7 million shares traded. A large amount for this stock. It has 63.5 million shares. In a years time it has climbed from .02 to .10 The company is also acquiring other heavy oil fields. With the distribution agreement and with their actual real life use of the additive plus their growing land portfolio, now seems like a good time to buy the shares.
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