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Press Release Source: American Energy Production Inc.
American Energy Production Inc. Announces Success on Initial Start-up of Uni-Draulics Jet Pump on Bend Arch Petroleum Inc. Nash 1-C Barnett Shale Well Wednesday June 15, 8:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--June 15, 2005--American Energy Production Inc. (OTCBB:AMEP - News) announced today its wholly owned investee Bend Arch Petroleum Inc. began operations of a uni-draulics jet pump on the Nash 1-C Barnett Shale well. Charles Bitters, President of American Energy Production Inc. stated, "After several days of delays obtaining a down-hole assembly's for the uni-draulics jet pump, Bend Arch Petroleum Inc. began successfully producing the Barnett Shale well on Monday. Management believes it will take a week to ten days for the well to stabilize and have consistent oil and natural gas production rates. However, initial indications point to positive results. After only four hours the well was producing substantial amounts of natural gas. We will post results once the well has had a chance to stabilize therefore giving a clearer picture as to the future of the Nash 1-C well."
The installation of the uni-draulics jet pump on the Nash 1-C well instead of a conventional pumping unit will move more oil and produced water from the wells bore faster and more efficiently than the conventional pumping unit.
To view a current picture of the workover rig on the Nash 1-C well please follow this Link.
Scroll down where you'll see Nash Well Barnett Shall Re-entry.
Charles Bitters also stated,"Bend Arch Petroleum Inc. has accumulated over 7,000 acres of leases that have potential Barnett Shale production. Bend Arch Petroleum Inc. and Oil America Group Inc. of Dallas, Texas another 100% owned investee of AMEP plan to offer drilling partnerships to potential investors to drill Barnett Shale wells on the above mentioned properties in the near future. For more information contact Joe Christopher at Oil America Group Inc."
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.
-------------------------------------------------------------------------------- Contact: American Energy Production Inc. Charles Bitters, 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc. Joe Christopher, 972-386-0601 www.jchristopher@oilamericagroup.com
-------------------------------------------------------------------------------- Source: American Energy Production Inc.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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I got some at around .01 several days back. It is steadily attracting volume. Looking good.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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