Allstocks.com's Bulletin Board: AMEP in buy range!!

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Posted by falkor923 on :

trading near lows. for those who like to buy near low and let it climb, i thing this is a good start. may go a tad lower but not much. i entered at .0105 today. if it lowers, i'll add.

Posted by legal1082 on :

What kind of potential does this company have?

Posted by Meshoe45 on :

quote:
Originally posted by falkor923:
trading near lows. for those who like to buy near low and let it climb, i thing this is a good start. may go a tad lower but not much. i entered at .0105 today. if it lowers, i'll add.

Hey quit working so much falkor and IM me

Posted by legal1082 on :

MINERAL WELLS, Texas, Nov 30, 2004 (BUSINESS WIRE) -- American Energy Production Inc. ( AMEP ) announced today October production revenues for its two wholly owned investees, Production Resources Inc. and Bend Arch Petroleum Inc.

American Energy Production Inc. investee, Production Resources Inc., sold approximately 563 barrels of oil in October for total net oil revenue of $24,845.

Bend Arch Petroleum Inc. sold 2,082 barrels of oil and 10,747 MCF of natural gas in October for approximate total gross revenue of $149,457. Total approximate gross revenues for Bend Arch Petroleum Inc. and Production Resources Inc. totaled $174,302.

American Energy Production Inc. reported oil and gas revenues year to date total approximately $921,900. AMEP is very pleased with the production revenues of our investees. The Company anticipates further production increases in the fourth quarter and the first quarter of 2005 because of the acquisition of Oil America Group Inc. ( www.oilamericagroup.com) and additional production from new and existing wells.

The American Energy Production Inc. website www.americanenergyproduction.com is currently being expanded; please go to the site in the next few days to see the new information and an explanation of AMEP's BDC (Business Development Company) activities.

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 becoming a Business Development Company in January 2004. Activities during this stage include acquisition of subsidiaries, 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.