posted
AMEP--STRONG BUY AND HOLD!!!!AMEP has tons of leases in the Barnett zone!
By: 1greeneyedhawk 29 Aug 2005, 10:44 AM EDT Msg. 22525 of 22526 Jump to msg. # "While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre" (for Barnett Shale acres)
AMEP has 7,000 prime acres of the Barnett, that also produces Oil. Most Barnett wells only produce NG Natural Gas.
7,000 AMEP acres in the Barnett X $6,000 per acre = $42 Million. Of course Chief has much more production developed and much more equipment and much more infastructure. Point is ...I believe that AMEP leases are undervalued by the markets, and that will change when CB decides to have the company and leases evaluated by an independent Oil & NG engineering firm. ... greeneyedhawk
posted
AMEP...do the math people,get in early,I cannot bang the table any harder.This will be trading in the dollar range watch and see.Ever miss one of thos OTCbb's that was once a penny and ended up over a buck?
Goldenmind see the lordscalias article post 22682 I referred to, where Shell is considering paying 'Chief Oil and Gas' "roughly $6,000 per acre". However, we should be much more conservative in our estimates, as Chief Oil and Gas has additional production, infastructure, and equipment. That said Bend Arch's leases alone could not be bought for less than a multiple of toady's AMEP Market Cap under $5M. That is a fact, and does not take into consideration PRI's lease with 193 wells and pumps. The article in part (thanks lordscalias):
-----snip----- "Now, one of the majors appears to have an interest. At a recent gathering of industry executives in Houston, murmurs resurfaced that Royal Dutch Shell (RD:NYSE ADR - commentary - research - Cramer's Take) is looking for opportunities in the Barnett. Shell's reserve challenges and quest for additional natural gas assets makes the Barnett an intriguing candidate: an easy-to-understand play, relatively easy drilling and a good group of peers from which to learn the intricacies of the play.
The attractiveness of the Barnett lies in the prolific nature of the wells and their attractive economics. To date, there is about 1.2 billion cubic feet per day produced from more than 3,800 wells, or about 300 thousand cubic feet per day per well. Wells are drilled between 4,000 and 11,000 feet at a cost between $400,000 and $2.6 million per well. Both vertical and newer horizontal drilling is taking place in the region.
Chief Candidate Although there are a number of ways Shell might enter the Barnett, one option would be through the purchase of a company focused on the Barnett Shale. One option would be privately held Chief Oil & Gas, a Dallas-based company with more than 200,000 acres in the Barnett Shale.
While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre. In addition to acreage, Chief has production north of 100 million cubic feet of natural gas per day and, according to its press releases, has six rigs under contract and more than 100 wells currently producing in the region.
Other oil companys seem to work off a multiple of 2.5-7 depending on what's to come.My figures show lease values at half the $6000.,so say $3000. times 7000 = $21 million, production at $3 million = $24 million X 2.5= $60 MILLION. Divided by 304,000,000 = .20 PPS. If drilling is great the multiple could raise to 4.5 - 5, which would double share price.
do the math..American Energy Production Inc. stated, "Bend Arch Petroleum Inc. began successfully producing the Barnett Shale well on Friday, July 29, after exchanging the complete down hole jet assembly and production tubing. The Nash 1-C is still not stabilized but on Monday August 1, the well produced in excess of 20 barrels of high gravity oil and 100,000/cubic feet of natural gas. At today's market price of $60.00/barrel for oil and $8.00/mcf of natural gas this would be approximately $1600.00/day or $48,000.00/month or $570,000.00/year gross revenue. This will add a very nice piece to the Bend Arch Production Inc. income. The company will post more results once the well has 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 well bore faster and more efficiently than the conventional pumping unit.
posted
AMEP...do the math people,get in early,I cannot bang the table any harder.This will be trading in the dollar range watch and see.Ever miss one of thos OTCbb's that was once a penny and ended up over a buck?
SOUNDS LIKE PUMPING TO ME.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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posted
with AMEP now sitting on over 1 TRILLION cubic feet of natural gas I do believe they are going to get some well deserved attention.
check out NG prices now. Nov, Dec, Jan, Feb, and Mar are all over the $12 mark. NG was $4 when CB obtained the Bend Arch Barnett leases. Also last Qs NG revenues were under a much lower NG average price. Do the math for this Q ...interesting. Figure much higher Oil prices for this Q too. GL all AMEP longs. ... %^ greeneyedhawk
Commodity Futures Price Quotes For NYMEX Henry Hub Natural Gas Commodity market prices and quotes are updated continuously during market hours. (Price quotes for NYMEX Henry Hub Natural Gas delayed at least 30 minutes as per exchange requirements)
Month Click for chart Session Pr.Day Options Open High Low Last Time Sett Chg Vol Ticks Sett OpInt Oct 05 11.7 12 11.16 11.75 12:52 - +0.611 40948 17854 11.139 86866 Call Put Nov 05 11.75 12.2 11.46 12.02 12:48 - +0.611 11104 5014 11.409 52116 Call Put Dec 05 11.95 12.45 11.67 12.35 12:46 - +0.651 9747 4273 11.699 39210 Call Put Jan 06 12.2 12.57 11.29 12.55 12:48 - +0.601 5042 4302 11.949 34060 Call Put Feb 06 12.25 12.5 12.2 12.5 12:45 - +0.596 3254 1911 11.904 21417 Call Put Mar 06 12 12.27 11.711 12.2 12:44 - +0.546 8109 2425 11.654 39504 Call Put Apr 06 9.75 9.95 9.508 9.85 12:37 - +0.271 2021 1451 9.579 23178 Call Put May 06 9.36 9.55 9.35 9.54 12:17 - +0.271 1115 839 9.269 20676 Call Put Jun 06 9.5 9.55 9.2 9.55 12:39 - +0.251 255 49 9.299 7576 Call Put Jul 06 9.55 9.59 9.55 9.58 12:36 - +0.238 165 116 9.342 11771 Call Put Aug 06 9.55 9.55 9.55 9.55 11:14 - +0.168 144 144 9.382 11020 Call Put Sep 06 9.5 9.55 9.5 9.52 11:14 - +0.158 116 331 9.362 10186 Call Put Oct 06 9.6 9.6 9.6 9.6 11:41 - +0.208 197 335 9.392 18302 Call Put Nov 06 9.92 9.92 9.59 9.92 11:43 - +0.153 63 213 9.767 8466 Call Put Dec 06 10.3 10.3 10.3 10.3 12:00 - +0.178 114 213 10.122 8454 Call Put Jan 07 10.55 10.6 10.505 10.55 12:34 - +0.173 49 125 10.377 10056 Call Put Feb 07 - - - 10.347 - - 0 21 0 10.347 3212 Call Put Mar 07 - - - 10.127 - - 0 1437 15 10.127 7835 Call Put Jun 07 8.7 8.7 8.65 8.7 10:40 - +0.238 1 63 8.462 2439 Call Put Dec 07 - - - 9.267 - - 0 1 30 9.267 3977 Call Put
posted
With winter heading in very soon and natural gas already going thru the roof not to mention heating oils I think we are going to continue to head in the right direction.For mid to long term AMEP is worth the minimal risk for the massive rewards.The CEO clearly stated that THERE WILL BE NO MORE SHARES ADDED and with only a 302m OS thats a big deal for a ONG stock!
3 offshore rigs are DONE!! I believe they all belong to Shell..2 adrifted and one severely damaged and since a few days ago Shell Petrol is looking at the Barnett sites right where AMEP is drilling right now for N gas!!
posted
bid and ask going back up,it sure looks like they tried hard to shake out a few more shares to no avail! We so far traded about 25% of our OS and I know the float has to be locked up.Looking for another HOD anytime.
By: 1greeneyedhawk 01 Sep 2005, 01:17 PM EDT Msg. 23489 of 23490 Jump to msg. # AMEP Bullish Chart and Technical comments on one iHub link:
Worth a look if your thinking of buying or adding, IMVHO. GL all. ... %^ greeneyedhawk
By: zigbee 01 Sep 2005, 01:17 PM EDT Msg. 23490 of 23490 Jump to msg. # $409,775 revenue for the 2nd quarter.
"Production revenues for the 2nd quarter were off a little from the 1st quarter due to prices of oil and natural gas in April and May when the oil posted price was only $42.00/bbl., and natural gas spot prices were around $4.50/MCF. Also, the natural gas purchasers had to do maintenance repair work on the gas transportation line and Bend Arch had to shut the oil and gas wells in for almost a week," stated Charles Bitters, president of American Energy Production Inc.
OIL IS NOW $70/bbl AND NG IS NOW $12/MCF!!!! ALSO, PRODUCTION IS UP AND NEW WELLS WILL BE COMING ONLINE!!! WE HAVE A LONG WAY UP FROM HERE AND THIS IS JUST THE START IMO. GOOD LUCK LONGS...
posted
What do you think the oil services is going to do over the next 3 months. Should I hold my position in HOFF I bought it at .61 cents Sept 1 2005 I think this group will run.
Posts: 11 | From: NY | Registered: Aug 2005
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Investors - Barnett Shale Play Reveals New Oil and Gas Investment Opportunities Barnett Shale in Texas has evolved as one of the largest drilling plays in North America and may very well be the largest oil and gas play in the world for investors! This is a true Phenomenon!
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From Just South of the Red River in St. Jo Texas working South to Denton On to Addison and just North of Waco Texas Then going West and working back up through these counties: Hood, Erath, Palo Pinto, Parker, Jack and Clay Counties (and all contiguous counties expanding out) The Barnett Shale is providing huge opportunities for smaller more precise companies (independents like ourselves) to extract oil and gas from this huge pay with fantastic dividends possible for our investors.
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In Palo Pinto County a well was completed naturally, for 300 MCFGPD, and 1200 psi, SI, without a frac. This is a major discovery! Nearby, other wells are producing 252 BO plus 701 MCFGPD flowing, with no water! More wells are producing 400-500 BOPD, with 2,000+MCFGPD! It is estimated that the shale in HOOD Co., TEXAS alone has an average hydrocarbon reserve of "One Trillion Cubic of Natural Gas every seven square miles"…Phenomenal! The Granbury Texas newspaper reported, "Hood County Texas is building a gas gathering plant to handle 3 trillion cubic feet of gas". This is a $15,000,000 gas plant and only one of several to be built at this time. While some independents are creating wells by just drilling straight through the pay, they are missing golden opportunities that new "Horizontal Drilling" can provide.
I plan to drill down to the top of the pay zone ranging from 4,500' to 8,500', then drill 2000' to 5000' horizontal sections to stimulate up to 5 to 10+ times more gas and oil than what a vertical well can produce.
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With 7000 acres of Barnett and which is leasing for over $2000 an acre at present, and rising, what is AMEP worth BEFORE any multiple? OH, and they have other acreage and now a drilling rig that can make, IMHO, $15,000 A DAY. RTQ for Natural Gas. AMEP has 7,000 acres in the prolific Barnett Shale Formation, the largest on-shore(that is good) Gas formation in the US, with a 100% blanket coverage, at +300' thick. No dry holes expected here on completed wells. AMEP’s prime Barnett Shale acerage has quantities of high grade Oil being recovered with the Gas, a super plus, as most Barnett wells produce Gas only, ...in large MCF quantities though. Barnett wells are expected to produce for 20-30 years or more per the independent DD, and come back to near original production when r-fraced. The massive Barnett Shale Formation is THE source rock for the hydrocarbons of Gas and high grade Oil , another plus. Bullish news today, AMEP now has a Big Rig to develop the 7,000 acres with numerous high production horizontal wells. These horizontal are likely to be annually multi-million dollar producers EACH. How many wells will the TRRC allow AMEP to drill per acres? I am guessing 80, some say 40, but even a 160 will be fabulous revenues for AMEP. Makes no difference at this ulta low MC and SP. Continuing to accumulate AMEP. GL all AMEP longs.
posted
AMEP is by far the best OTCbb pick and will continue the upward trend imo.TNOG and other pinks may be OK to flip but I won't hold a pinkie to long,easy to get in but sometimes hard to get out if volume slows down.AMEP's land value alone in the Barnett zone based on the low side of $2000 per acre put it over $11,000,000 (even though projections are showing value at near $6000 per acre)and thats without any oil and gas production or the other Texas property values.AMEP will be breaking out continuously each level of the way on its growth trend and may even break into the dollar range earier then many expect which is within a year.The OIL sector is thee one to be investing RIGHT now and AMEP is the top OTC pick!
posted
MOMO picking up on massive buying pressure!!Do not be surprised to see this hit .04 before close!!
By: puckerboy1 02 Sep 2005, 01:33 PM EDT Msg. 24317 of 24323 Jump to msg. # No doubt AMEP is a great play, but the MM will retrace it to reload for an even bigger run. They most always do. Watch what happens to the PPS when they announce the rig on site. And, when drilling begins, and then if they strike oil. May very well be looking at a .50+ stock. IMO
By: goldenmind70 02 Sep 2005, 01:35 PM EDT Msg. 24319 of 24324 (This msg. is a reply to 24314 by puckerboy1.) Jump to msg. # puck
you saw how qoil did.. just abuot straight upward from .09 to .50 before stalling for few days then .80
one never know... but if you took 20% then wait for 3 or 4 days, you would have missed that 500%
By: goldenmind70 02 Sep 2005, 01:37 PM EDT Msg. 24321 of 24324 Jump to msg. # I don't believe MMs will allow us to close over .03 today. And also we already saw HOD at .033 They capped it yesterday and pushed AMEP down under .03 right before closing. They would do the same to keep it under .03
Next round, the resistance will be again at .033 ... if broke, look for .039 to .04 ... they probably try to cap it under .04 till it break ... then we would possible see .07. great news comes then .12 to .15
posted
Bluerange...the Market monkeys were clearly putting downward force on many oil and gas stocks yesterday....they will not be able to to that much longer simply based on our oil/gas situation.I am wondering if they actually exposed short positions in many of these ONG stocks and had to make sure they didn't take off yet.There was no logic behind it at all!Next week will be extremely active imo in all the ONG's!
Man's technical ingenuity has collided with nature's rage in the Gulf of Mexico, and the outcome has been an integrated energy disaster. The full scope will not be understood until the waters recede, the damage to platforms and refineries is assessed, and the extent of damage to underwater pipelines from undersea mudslides is determined. Yet what has happened is on a scale not seen before, and the impact of the price spikes and dislocations will roll across the entire economy. Even as we confront the human tragedy, the consequences will also force us to think more expansively about energy security, and to focus harder on a matter which other events have already emphasized: the need for new infrastructure and investment in our energy sector.
What makes it an integrated crisis is that the entire energy supply system in the region has been disabled, and that the parts all depend upon each other for recovery. If the next weeks reveal that the losses are as large as some fear, this would constitute one of the biggest energy shocks since the 1970s, perhaps even the biggest. Unlike the crises of the '70s or the Persian Gulf crisis of 1990-91, this does not involve just crude oil: It includes natural gas, refineries and electricity.
The 1.5 million barrels of oil production capacity that has been "shut in"--closed down--is much less than was lost to the market when Saddam invaded Kuwait. But although it has received less attention, 16% of U.S. natural gas is also shut in; and 10% of our refining capacity is under water at a time when there is no slack at all in the world's refining system. The electric and natural gas distribution system in the region has also been knocked out.
posted
I was lucky enough to buy back in at .025 yesterday. This is a good long hold, or good for daytrading on the long ride up. I think that .1 isn't far off and this will keep on moving up. I'm pretty excited. Also, the demand for oil is crazy right now and I'm thinking that it isn't gonna get better for a long time.
I'm thinking that this may see .035-.045 on Tuesday. Who knows maybe higher?
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Peaser01...with all the exits Friday due to a typical MM panic program many are going to want to get back in ASAP imo,no logical or even statistical reason for and ONG stock like this to stay down,the OS is very low (under 330m),debt now is next to nothing per last 10-q and revs are up and if you calculate equal production with todays oil/gas figures the next 10-q will quadruple revs at least imo.
posted
By: 1greeneyedhawk 04 Sep 2005, 12:34 AM EDT Msg. 657011 of 657021 (This msg. is a reply to 656905 by otcnewbie_1.) Jump to msg. # AMEP just made the Golden 50/200 MA crossing. The run has only just started at .0269(the close). The tiny Market Cap and resulting SP will continue to correct Up next week. The producing Oil and Gas Barnett leases are valued at a multiple of the Market Cap. Thursdays game changing news, was that AMEP has acquired a Big Ideco Rig.
"Bend Arch Petroleum, Inc., and Oil America Group should be able to participate in an additional twenty (20) oil and gas wells in the next year because of the availability of this drilling rig."
Think about it, do the simple math. Good luck and DD all. ... %^ greeneyedhawk
posted
Natural Gas Prices May Leap in Fall By THE ASSOCIATED PRESS September 8, 2005
Filed at 8:09 a.m. ET
WASHINGTON (AP) -- Natural gas prices could increase as much as 71 percent in part of the United States this fall, raising the prospect of higher home heating costs this winter, the Energy Department reports.
The department's statistical agency, the Energy Information Administration, reported Wednesday that price hikes will depend on how quickly oil rigs and Gulf coast refineries damaged by Hurricane Katrina can be repaired.
In its report, the agency said natural gas prices for the Midwest will increase as much as 71 percent, while heating oil prices in the Northeast could rise 31 percent. Electricity prices in the South could jump 17 percent.
But barring an unusually slow pace of repairs, the agency said domestic oil production should return to just under 5.4 million barrels a day in November, the level it was in August before Katrina disrupted most Gulf production and knocked out 10 refineries.
The agency said U.S. refining capacity also should rebound, with an anticipated output of gasoline and other fuels of nearly 16.4 million barrels a day in November, the same as August levels.
Even in a slow recovery scenario, normal operations are expected by December, the agency said.
EIA director Guy Caruso, testifying before a House committee examining the energy effects of Katrina, said the forecast will depend on the timing and pace of repairs to oil platforms and refineries.
''The infrastructure has been coming back more quickly'' than expected, he noted.
Four of the 10 refineries that were shut down are expected to be back at full capacity within the next week; six refineries that had to scale back production were expected to be back at full capacity by Thursday, the department told lawmakers.
Caruso said four refineries in Louisiana that suffered severe damage could be out of commission for several months. But the EIA said all but about 900,000 barrels a day of U.S. refining capacity was expected to be available by the end of this month.
That estimate assumes a flow of oil from the government's Strategic Petroleum Reserve in the coming weeks to make up for the temporary loss of Gulf production as offshore platforms are repaired.
Facilities in the Gulf region account for 1.5 million barrels a day, or 29 percent of U.S. domestic oil production.
AMEP--STRONG BUY AND HOLD!!!!AMEP has tons of leases in the Barnett zone!
By: 1greeneyedhawk 29 Aug 2005, 10:44 AM EDT Msg. 22525 of 22526 Jump to msg. # "While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre" (for Barnett Shale acres)
AMEP has 7,000 prime acres of the Barnett, that also produces Oil. Most Barnett wells only produce NG Natural Gas.
7,000 AMEP acres in the Barnett X $6,000 per acre = $42 Million. Of course Chief has much more production developed and much more equipment and much more infastructure. Point is ...I believe that AMEP leases are undervalued by the markets, and that will change when CB decides to have the company and leases evaluated by an independent Oil & NG engineering firm. ... greeneyedhawk
posted
wow seems like we have alot of threads going whats up with that we should have just one so that everyone is getting as much info as possible
either way by weeks end we will have alot more money in our pockets. AMEP could very well turn this into a banner year for most of us longs go go amep,....lol glta
Posts: 629 | From: new england | Registered: Feb 2005
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September 12, 2005 — By Dale Wetzel, Associated Press BISMARCK, N.D. — The U.S. Forest Service will propose regulations to shorten the environmental reviews of small oil-drilling projects in national grasslands, an Agriculture Department official said Friday.
The proposal would affect grasslands covering about 4 million acres in a dozen states in the Great Plains and West.
Oil exploration is off limits in some areas of the national grasslands, but where drilling is allowed, a required environmental assessment takes a minimum of six months. North Dakota Gov. John Hoeven complained some of the reviews were taking three times that long, delaying projects that could help the economy.
Mark Rey, a USDA undersecretary, outlined a proposal Friday to allow some small projects to undergo two-month reviews instead.
The projects eligible for the shorter reviews could not include more than three miles of pipeline or more than four drilling rigs, he said.
An advocate for the environment was wary of the proposed rules.
"I want to see the specifics, but this at first blush looks like another attempt to accelerate oil and gas development in the Badlands without taking the necessary steps to protect the environment," said Wayde Schafer, a Sierra Club conservation organizer.
Hoeven argued that the process could be streamlined without harming the environment.
"This has been a big thing for industry, and it comes at the right time," the governor said. "It comes at a time where we recognize we need to increase domestic (oil) supply."
Besides North Dakota, states with national grasslands are California, Colorado, Idaho, Kansas, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, Texas and Wyoming.
The proposed regulations are to be published in the Federal Register in a few weeks. That will mark the beginning of a 60-day period during which the Forest Service will take comments on the proposed rules.
Search for oil stepped up as price rises By Carola Hoyos and Javier Blas in London Published: September 12 2005 21:53 | Last updated: September 12 2005 21:53
The world's biggest oil producers have significantly boosted investment in oil exploration for the first time in nearly two decades.
The Organisation of the Petroleum Exporting Countries, the cartel controlling 75 per cent of the world's oil reserves, on Monday revealed its most important members had drilled 7.5 per cent more wells last year than in 2003 in response to the oil price boom. Opec's annual statistical bulletin also showed that the number of rigs in operation within the 11-member cartel rose 18.8 per cent last year after dropping by almost 6 per cent a year earlier.
There were 248 rigs operating in the Middle East in August, the most since November 1988 and 100 more than the average during the 1990s, according to oil services company Baker Hughes. Opec's news came as consuming countries sought to deflect the blame for high oil prices from their own lack of investment in refining capacity and slow progress in curbing demand for large, fuel-inefficient cars. Meeting in Manchester, Europe's finance ministers called on Opec to increase output. Gordon Brown, UK chancellor, said he had personally urged Saudi Arabia to supply more oil.
Dominique de Villepin, the French prime minister, is expected on Tuesday to announce measures to help commuters and workers cope with high fuel prices. French road hauliers lifted their blockades of wholesale petrol depots after Dominique Perben, transport minister, promised to reduce TIP, the tax on oil.
One factor driving up prices has been the inability of consuming countries to increase refinement capacity. Hurricane Katrina highlighted this. The storm shut down 10 per cent of US capacity, sending oil prices past $70 a barrel and petrol to more than $3 a gallon at many US pumps.
"By NORIMITSU ONISHI and HOWARD W. FRENCH Published: September 11, 2005
TOKYO, Sept. 10 - In a muscular display of its rising military and economic might, China deployed a fleet of five warships on Friday near a gas field in the East China Sea, a potentially resource-rich area that is disputed by China and Japan.
The ships, including a guided-missile destroyer, were spotted by a Japanese military patrol plane near the Chunxiao gas field, according to the Maritime Self-Defense Forces. It is believed to be the first time that Chinese warships have been seen in that area.
Although the fleet's mission was unclear, its timing suggested that it was no coincidence. The warships appeared two days before a general election in Japan, whose results could greatly influence relations between Asia's two great powers, and weeks before China is scheduled to start producing gas in the area, against strong Japanese protests.
In Japan, where the 12-day election campaign was exclusively focused on domestic issues and on what the media described as Prime Minister Junichiro Koizumi's theatrical politics, the warships were a sudden reminder of its most pressing outside challenge: China.
Until Mr. Koizumi diverted voters' attention from Japan's rapidly deteriorating relationship with China, the focus for several months had been trained on the increasing diplomatic, military and economic rivalry with China - much of it taking place in the waters between the countries, filled with potentially explosive issues like oil and gas and Taiwan.
Both Japan and China are determined to wield a strong hand in the oil-rich seas and strategic shipping lanes that lie between them.
"It is like the 1930's again, when the central Pacific became a vital concern to both the United States and Japan, whose navy was expanding," said Adm. Lang Ning-li, who until his recent retirement was Taiwan's director of naval intelligence. "That means there could be conflict between China and Japan, which both see these seas as vital, and can't share this space."
Security experts from China, Japan, Taiwan and the United States say all the elements are in place for a showdown over Taiwan between Beijing and Tokyo. No one is predicting war, but Taiwan poses a permanent and unpredictable potential crisis. Washington has a close alliance with Japan, security commitments with Taiwan and a complex relationship with China that mixes rivalry with extensive economic ties.
For America, whose support of either Japan or China has historically tipped the balance in the region, the implications are enormous. The recent comments by a Chinese general that his country would use nuclear weapons against the United States if the American military intervened in a conflict over Taiwan were a sharp reminder that Taiwan's fate remains one of the region's biggest flash points. Many analysts argue that such confrontation, verbal or otherwise, could lead to a regional arms race culminating in a nuclear Japan.
Japan imports all of its oil, and because much of it passes through the seas surrounding Taiwan, feels its survival is dependent on keeping those seas stable. Chinese control of Taiwan could hurt Japan's access to oil, Japan fears. And the United States, which has pledged to defend Taiwan if it is attacked by China, would like to count on Japan's help. During the cold war, Japan conducted joint operations with the United States to keep Soviet submarines out of the Sea of Japan. The submarines are now Chinese, but the policy toward them is pure containment.
"You can come out as much as you want, unless you do something wrong," said Adm. Koichi Furusho, who served as chief of staff of Japan's Maritime Self-Defense Force until January.
This cold-war view of China emerged recently in Japan, but Japan's embrace of it is one of the reasons behind the worsening relations between the countries."
The month over month trend for four months is going up. The volume over the past 5 of seven months has Strong Accumulation starting back in March when the volume started to rise to 200M+.
After that the volume tapered off in April & May [>100M shares trading] followed by June, July, August & Sept where 300,000M shares became the norm.
AMEP has 500M A/S w/ 300M O/S that leaves 200M+- for dilution. With no S-8's recently it looks like management is waiting for the pps to rise [to a much higher level] before the dilution starts.
I'm betting we see a few to even several positive PR's that have the pps rise significantly.
Time will tell as Winter Demand for oil is one significant factor, as is the Oil America Group limited partnership drilling programs in the Barnett Shale region, that PR that will hit the PR wires very soon...
quote:Originally posted by QuestSolver: AMEP--STRONG BUY AND HOLD!!!!AMEP has tons of leases in the Barnett zone!
By: 1greeneyedhawk 29 Aug 2005, 10:44 AM EDT Msg. 22525 of 22526 Jump to msg. # "While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre" (for Barnett Shale acres)
AMEP has 7,000 prime acres of the Barnett, that also produces Oil. Most Barnett wells only produce NG Natural Gas.
7,000 AMEP acres in the Barnett X $6,000 per acre = $42 Million. Of course Chief has much more production developed and much more equipment and much more infastructure. Point is ...I believe that AMEP leases are undervalued by the markets, and that will change when CB decides to have the company and leases evaluated by an independent Oil & NG engineering firm. ... greeneyedhawk
posted
Ive noticed you have been pushing this stock AMEP Is this company making money or loseing money. And if its such a good deal why is it that no one discovered it yet except you. Just looking to get into a real money maker I am not bashing you. But I am looking for a real winner in a short time period. Lots of companys when they get contracts or are making money they always seem to have a way to throw a monkey wrench in there. Like offer more stock or private placements, and then the stock tumbles just like QOIL did and I dumped at .37 cents now back to .47 cents playing games to hurt people.
Posts: 11 | From: NY | Registered: Aug 2005
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