MINERAL WELLS, Texas--(BUSINESS WIRE)--Sept. 1, 2005-- American Energy Production, Inc., (OTCBB:AMEP) announced today that AMEP Strategic Investments, Inc., an investee, has purchased an 8,000 foot capacity Ideco drilling rig from Aramdrill in Mexico. This acquisition allows American Energy Production, Inc., and its' investees, Bend Arch Petroleum and Oil America Group, Inc., to redefine their long range exploration and development strategy for the 7,000 acres of Barnett Shale prospects currently owned by Bend Arch Petroleum, Inc. Charles Bitters, President of American Energy Production, Inc., said, "The Company is very excited about the acquisition of the Ideco Drilling Rig. To locate a rig of this type in the current demand driven environment is a small miracle. There just are not any rigs of this quality for sale. Because of the recent record prices for crude oil and natural gas, it is almost impossible to schedule a rig. The current rig availability is at best six months and more often than not, one year. This is the perfect drilling rig for the productions horizons the Company is interested in exploiting. "The Barnett Shale was the largest natural gas producing field in the United States last year and is currently one of the hottest energy plays in the world, attracting such companies as XTO, Devon and Quicksilver. This rig has the capacity to drill horizontal Barnett Shale wells with lateral sections of up to 3,000 feet. Bend Arch Petroleum can re-enter several Barnett Shale and Marble Falls prospects while Oil America Group is selling limited partnership drilling programs in the Barnett Shale. Now there will not be any delay while waiting for other drilling rig contractors." This drilling rig will become another significant profit center for the AMEP companies. Rigs with a drilling capacity of 8,000 feet are currently netting $10,000.00 per day. If this drilling rig operates approximately 200 days per year the gross income would be $2,000,000.00 per year. 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. Twenty new oil or gas wells producing the equivalent of only 20 barrels of oil per day would generate a gross income of approximately $6,000,000.00 per year. Initial inquiries for the Oil America Group Limited Drilling Partnership have been overwhelming. Joe Christopher and his corporate counsel have submitted the documents for final approval. They should begin taking partnership subscriptions in early September. Potential investors will be notified when the program receives final approval. For more information contact: jchristoper@oilamericagroup.com or 972-386-0601.
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 risks, 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.
Posts: 1423 | Registered: Jul 2005
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posted
You shoul see .03 by the end of today, dont kid yourself, lol. This stock is going to shoot up, and not come back down. Demand = EXTREMELY HIGH. Esecially with all things considering. 2 months from now, you will be seeing the $80-90/per barrel. AMEP is going to have there best year ever. I got in this morning, but not as much as i wanted. Just only had a 1000 in the account.
Posts: 414 | From: Auburn, Alabama | Registered: Aug 2005
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posted
Don't get stuck in this thing. It can really go down, and stay there. I wonder when this oil stock bubble will bust, and how fast AMEP will go back t0 .019
Been there. I wish you all the best on it though.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
close above .03 today and will close the week at .05's imo.People as I said,this is just the beginning of the breakout and soon every share under a dime will look like a steal.These figures below are facts.
AMEP CURRENT VALUATION 18 CENTS/SHARES--READ HERE
By: kipperca 01 Sep 2005, 04:28 AM EDT Msg. 23184 of 23373 Jump to msg. # AMEP MORE ROCKET SCIENCE
this is only ONE of the oilfields AMEP OWNS...
the KIRK FIELD
PROVEN OIL RESERVES
Discounted FNI @ 10%------$26,777,850 million
GUESS WHAT?
time for more ROCKET SCIENCE !!!
SO THAT ONE FIELD ALONE HAS PROVEN RESERVES worth
$26,777,850
but that was using the oil price OF DEC 31 ST 2003
WHICH WAS
Dec. 2003's daily average price $32.12
The estimated reserves and future income amounts presented in this report are related to hydrocarbon prices. Hydrocarbon prices in effect on December 31, 2003 were used in the preparation of this report as required by SEC rules; however, actual future prices may vary significantly from December 31, 2003 prices.
Future Net Revenue $59,971,644--- MILLION
Deductions --------$22,099,575
Future Net Income (FNI) $37,872,069
Discounted FNI @ 10% $26,777,850
AUG 2005 OIL IS $69 DOLLARS OVER DOUBLE!!!!
SO INSEAD OF THE FIELD BEING WORTH 27 MILLION ITS NOW WORTH OVER
54 MILLION US DOLLARS AS OF TODAY!!!!
WHATS THE ONE FIELD WORTH PER SHARE????
300 MILLION SHARES /54 MILLION DOLLARS = 0.18 CENTS A SHARE
330 MILLION SHARES /54 MILLION DOLLARS = 0.164 CENTS A SHARE
400 MILLION SHARES /54 MILLION DOLLARS = 0.135 CENTS A SHARE
500 MILLION SHARES /54 MILLION DOLLARS = 0.10 CENTS A SHARE
posted
these dips are almost too punctual!!! look for pull back to low .023's and maybe they will try to cause a panic and take it to .022's or so,thats what they do and they are good at it,don't be fooled!Lunchtime now! I know that dip cannot be over??? Simply shares are far too scarce!
posted
aIte...im accumulating for 2-3 day run on this one. Stock is officially undervalued imo. Valuation wise this should run...forget the fact that its near trading its float. with the huge volume. So i welcome weak hands who want to sell me shares cheap. .03+ new valuation shortterm Longterm .07
Posts: 604 | Registered: Aug 2005
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posted
lots of eyes on this puppy,if this does break into the 3's or 4's today expect some BIG pockets to step up.People you better get ready for the winter months ahead,watch where natural gas and heating oil goes!Natural gas is AMEP's primary target and all the oil has been a major bonus!
By: roguewavetx 01 Sep 2005, 12:22 PM EDT Msg. 23457 of 23460 Jump to msg. # I don't know whether this company is for real or not. I personally haven't gone out to "kick the tires" so to say. What I do know is that it would take all of about $9,000,000+ to buy the entire float of this company at .03 cents per share.
There are literally TRILLIONS of dollars as represented by hedge funds and long term speculators looking for a home where real value can be found. You know, the kind of value represented by too many dollars chasing too few real physical goods(it's easier to create dollars then pump oil out of the ground).
What is going to happen in the oil & gas sectors is going to make the "dot com" scheme look like romper room in comparison.
Got oil?
By: trade04 01 Sep 2005, 12:29 PM EDT Msg. 23463 of 23464 Jump to msg. # AMEP----And where its Headed
AMEP keeps building and making higher lows. Momentum is positive. 52 week high is a distance away. The amount of shares traded says this stock is in teh hands of a lot of people and they will get the word out. OIL IS HOT and will get only HOTTER. .07-.08 shorterm target . 12-.15 Longer term
posted
for newbies that are not really aware of AMEP-heres another post and its no surprise that many think like this,no this is not to good to be true,it really does happen so don't miss it.
By: frogger10101 01 Sep 2005, 01:51 PM EDT Msg. 23514 of 23518 Jump to msg. # This is why AMEP going over $1 pps news this morning here:
"The Barnett Shale was the largest natural gas producing field in the United States last year and is currently one of the hottest energy plays in the world, attracting such companies as XTO, Devon and Quicksilver. This rig has the capacity to drill horizontal Barnett Shale wells with lateral sections of up to 3,000 feet. Bend Arch Petroleum can re-enter several Barnett Shale and Marble Falls prospects while Oil America Group is selling limited partnership drilling programs in the Barnett Shale. Now there will not be any delay while waiting for other drilling rig contractors."
This drilling rig will become another significant profit center for the AMEP companies. Rigs with a drilling capacity of 8,000 feet are currently netting $10,000.00 per day. If this drilling rig operates approximately 200 days per year the gross income would be $2,000,000.00 per year. 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. Twenty new oil or gas wells producing the equivalent of only 20 barrels of oil per day would generate a gross income of approximately $6,000,000.00 per year.
More information on the Barnet Shale. I really like the part about "One Trillion Cubic of Natural Gas every seven square miles". I have seen more recent updates that put this number at multiples higher than this!!! Like I said, this is just the start of something VERY VERY BIG!
INVESTORS TAKE NOTE This Is Unlike Any Other Play I Have Worked In Almost Two And A Half Decades In The Oil & Gas Industry
Drill a well in this Barnett Shale pool expecting a good, solid well and one is more likely to get an excellent, far superior well. Some Barnett Shale wells have an expected 40-year life of commercial production! Incredible!
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.
posted
i would not sell for a while do you see how high gas is and then wait until they report about the other wells
Posts: 1423 | Registered: Jul 2005
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posted
id take .0295-.0298 and be safe...and buy back .031 tomorow while its running..instead of watching .0295 turn into .026 again.
Posts: 604 | Registered: Aug 2005
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posted
now I understand why Joe Christopher from Oil America Group talked to me about the AMEX and AMEP.I posted the conversation a few pages back,we may just have one here that has the big boards in their sights now.If these volume stays the same and with 80% buys coming in this could actually hit .04 in the next 30 minutes.
posted
This stock is going crazy 0.033 now..The whole world is in now. we may see a CXTI like run tomorrow
Posts: 210 | From: tampa, fl, us | Registered: Nov 2004
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posted
Tampa...look for more of a QOIL run here imo,for anyone not in imo you should set you buy before open a few tenths above ask,the only dip we got this AM was a dip of a couple of tenths after it opened much higher on the gapper.this is not a typical 3 day percentage gainer,its already passed that mark,this is the long slow climber and imo will be trading at .50 or higher within a few months but definitely before Christmas and with winter right around the corner this is one to have and hold!
posted
National guard have been giving "shoot to kill"if needed orders per Fox News and if there is an oil refinery burning you can bet homeland security is going to be pushed hard!
posted
QuestSolver, What charts (if any) do you use. There are several internet sites ive been researching in my spare time. Any suggestions and what do you look for. You seem to have great insite. Glenn
-------------------- Bigfoot, I want to believe Posts: 413 | From: USAF | Registered: Jun 2005
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posted
Kalorian....slow and strong and steady I hope but with this oil crisis its a hard call because for those with deep pockets they must have had radars going off left and right yesterday on AMEP's volume and will want in NOW! This is a well established ONG company with outstanding managent that imo will make this company succeed and after speaking with Joe Christopher directly I do believe they have the AMEX in their targets sites.
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