posted
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.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 imo.
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
Tex, Friday most people were in profit taking mode when the stock broke .032-.033. It retraced as I was hoping it would to buy in. This was up four days prior to Friday, it was due for a minor slow-down. My belief is that this will take off again this coming week.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
BuyTex....OS per last 10-q is slightly over 302 mill and the last float numbers were around 70 mill but I cannot confirm that figure,no matter what this one is severly undervalued,after all since you know the area..what do you think 7000 acres are worth in Barnet...$6 to $10 mill sound about right?Not to mention various other Texas properties that you can easily DD from the SEC filings and PR's.
The basic fundamentals without any production numbers should be between .10 to .18 a share per many traders/investors.AMEP really don't need to even drill one single well,their prime acreage and rigs for lease will make them worth a ton!BUT..they are drilling and they are in fact pulling natural gas and oil right now.
By: follow 04 Sep 2005, 10:59 AM EDT Msg. 24574 of 24574 (This msg. is a reply to 24566 by oldrastaman.) Jump to msg. # oldrastman..nothing to explain here..AMEP did win the lottary, all big boys, shell oil company etc.-posted here- want to get what AMEP has,AMEP bought the big rig to drill the oil, gas..
even AMEP DOES NOTHING, they have 7000 acres lands, big rigs to lease to make nice money..whereever you look at AMEP, it is a WIN WIN for company and share holders..
people still questioning little thing about AMEP..
HEllOOO..AMEP share price is not $1, $2 a shares..only 0.027 a shares.. we should be LUCKY to find this with this price..
plus, how do we know in a month or two, you may get good drilling news from AMEP..so, do you think that AMEP will trade 0.10, 0.20 a shares when it happens..look for over 0.50, $1 a shares..thatsMHO..
so, stop complaing little things, look at the BIG PICTURE here..
By: 1greeneyedhawk 04 Sep 2005, 12:03 AM EDT Msg. 24564 of 24574 (This msg. is a reply to 24546 by 1greeneyedhawk.) Jump to msg. # "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
ya, *do* know the area, well. Good stuff; wells popping up all over in my neck of the woods...
I'm not wild about the float...seems to take a lot of buys to move it. BUT, I am very interested. Next chance I get, gonna run over and have a chat with them...
posted
BuyTex.....I spoke with Joe Chrostopher from the Oil America Group last week, he was extremely optimistic with upcoming events.Maybe you will get to speak to Mr.Bitters himself,he seems to be the real deal in Oil and Gas,ole school type from what I hear.Let us know what is said if you don't mind,there are a few on the other board that has had lunch or dinner with the crew there.
posted
some more good post from the other board and let me tell ya,I am glad to be a member here instead of there,the bashers are going nutson the AMEP board!!And its quite evident that there are at least 2 direct oil and gas posters on that board who supply some outstanding insight.
By: walldog0 05 Sep 2005, 08:18 AM EDT Msg. 24673 of 24683 Jump to msg. # Here's and Ideco H35 rig for sale....
in the Texas area.I don't know if this is the same type of rig that AMEP just purchased,but it fits the description on drilling depths.(I know zip about rigs,however)
Page down to the bottom of the link....its been refurbished,and there are photos of it.
There is also a phone # to ask for more info....maybe someone in the business,down in the area could find out what the asking price is.
Maybe its the actual rig that AMEP just bought....who knows, worth a try.
By: 1greeneyedhawk 05 Sep 2005, 04:58 AM EDT Msg. 24666 of 24683 Jump to msg. # When checking out any Oil and Gas stock, be sure to notice the NWI (net working interest) they get on each well. That goes for AMEP too. It is typical for these small companies to share drilling cost with other companies, ...and share the NWI. That said, the 100% NWI that AMEP has on it's wells so far by remaining independent, is one of the reasons I am here. The next two horizontal wells, AMEP's first, will be 100% NWI for AMEP too, and should produce substantial revenues if they produce like typical Barnett Shale horizontal wells. I also like the AMEP's wholly owned OAG deal, where investors will put up the retail cost to drill three horizontals wells on AMEP leases, and AMEP and it's shareholders take none of the risk or costs, but gets 25% NWI, after the drilling costs. Plus it will be AMEP's owned Ideco rig making the drilling profits. A good deal for AMEP shareholders, with 25% NWI of 3 wells that are likely to produce 20-30 years per the DD. Barnett wells also come back to near original production when re-fraced, per numerous DD sources including Devon, the big dog in the Barnett Shale. AMEP will also benefit from wholly owned OAG's 3 horizontal wells, that will likely be somewhat exploratory by being on different leases, or spread apart in the 7,000 acres the Bend Arch has over the Barnett formation. I believe that at some point CB will be able to mostly drill all 100% NWI wells with Bend Arch until the 7,000 acres is completely developed, supported by Bend Arch's Oil and NG revenues, that will only increase with each well completed, and put on line. Now that AMEP has it's own big Ideco Rig, the way to profitability is very clear ...and that is a lot of Oil and NG wells that will cover 7,000 acres of the Barnett.
Below is a FieldPoint (FPPC, closed $3.09) announcement, where they have 10% NWI in a well. I found this to be true quite often in my DD of small Oil and NG producers. This is just an example:
FieldPoint Petroleum Corporation Updates Drilling Activities Tuesday August 23, 7:06 pm ET
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 23, 2005--FieldPoint Petroleum Corporation (OTCBB:FPPC - News) today announced that the Company and its partners are currently drilling the Mercury Fee #1 in Eddy County, New Mexico to a total depth of 12,900 feet. The Company is targeting the Morrow formation, and as of today drilling depth of approximately 10,000 feet has been reached. FieldPoint will have a 10% working interest in the well. Assuming the Mercury Fee #1 well finds certain expected targeted zones, we anticipate additional wells could be drilled.
posted
looks like many fell for the shake,I do believe they are going to be disappointed soon.
By: zigbee 06 Sep 2005, 10:14 AM EDT Msg. 24814 of 24820 Jump to msg. # Current leases alone make AMEP worth 0.10+. Once the rig gets going and more wells come online this will be huge. IMO. Good luck longs and buy on any dips the MM's will give you!
By: cbloxham 06 Sep 2005, 09:59 AM EDT Msg. 24800 of 24815 (This msg. is a reply to 24795 by newport2kona.) Jump to msg. # Most of this morning's slide was the momo crew over at IHub. The good thing is that the last time shakerz told his people to buy AMEP and then sell, the price utterly collapsed. This time when they sold to get into another of his plays, AMEP is rebounding. It shows that what is going on here is due to a number of factors - not the least of which is the rig.
(Voluntary Disclosure: Position- Long)
By: frogger10101 06 Sep 2005, 09:57 AM EDT Msg. 24799 of 24815 Jump to msg. # CNN and MSNBC both said gas will be over $6/gallon in a few weeks. Hurry, AMEP pps over .50!!!!
posted
By: frogger10101 06 Sep 2005, 10:26 AM EDT Msg. 657329 of 657342 Jump to msg. # AMEP: how much are you willing to pay? $70 - $100 a barrel? AMEP pps over .50
HOUSTON -- U.S. natural gas prices may rise after hurricane Katrina shut platforms in the Gulf of Mexico, reducing the amount of fuel available to be stored for winter heating, a Bloomberg News survey indicates.
Ten of 16 traders and analysts, or 63 per cent, said New York Mercantile Exchange gas futures will increase this week, according to a survey this past Friday. Four poll respondents said prices will fall, and two predicted little change.
Katrina forced producers and drillers to evacuate and shut offshore gas platforms a week ago, curtailing almost 80 per cent of capacity in a region that accounts for 24 per cent of U.S. output. Gulf of Mexico natural gas production remained about 58 per cent below normal as of Friday, according to data released by the U.S. Minerals Management Service.
"I can't see the lost production being restored fast enough to reverse prices," said Michael Fitzpatrick, vice-president of energy risk management with Fimat USA Inc. in New York.
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Mortgage Rates Compare national rates by lender: See Chart Gas for October delivery rose 19 per cent last week to $11.691 (U.S.) per million British thermal units because of Katrina. Prices have climbed 90 per cent year to date. The Bloomberg survey correctly predicted the direction of gas prices six out of the past 16 weeks.
Between April and November, U.S. utilities and manufacturers put natural gas in the more than 400 underground storage caverns and reservoirs. The fuel is withdrawn during the winter, when demand exceeds production and imports.
Hotter-than-normal weather reduced the pace at which gas was stored in this summer, even before Katrina cut output. Air conditioner use boosts demand for electricity from gas-fired generators.
Such demand throughout the United States has run 14 per cent above normal since early April, according to population-weighted data from the National Oceanic and Atmospheric Administration.
Katrina is stirring concern about winter supplies, said economist Jason Schenker at Wachovia Corp. in Charlotte, N.C. The market may rise "on the back of inventory data that may be more fundamentally bullish for prices than the market currently is pricing in."
"We have a surplus of natural gas in inventories," said analyst Joseph Allman at RBC Dominion Securities Inc. in Houston, referring to an excess of gas in storage compared with the five-year average for this time of year. But that surplus is dwindling, and it will be a deficit by the time the withdrawals for winter heating needs begin, he said.
Traders will be watching how long it takes for production to recover. While U.S. officials are releasing crude oil from the U.S. Strategic Petroleum Reserve, there is no similar government reserve for natural gas, says Sanford C. Bernstein & Co. analyst Neil McMahon.
The loss of natural gas from Katrina will be particularly bad because of flooding of onshore gas processing plants, Mr. McMahon wrote in a recent note to clients. Damage to an offshore hub and the time lag for bringing more liquefied natural gas to the United States on tankers may also boost U.S. gas prices in coming weeks, he said.
"Natural gas isn't going to get any help from overseas," said Guy Gleichmann, president of United Strategic Investors Group in Hollywood, Fla.
Bearish poll respondents said each new report of production coming back on line will bring pressure for prices to decline.
"The market has factored in a lot of damage beforehand, in anticipation this storm will equal or exceed damage caused by [hurricane] Ivan," said analyst Carl Neill at Risk Management Inc. in Chicago. "Prices may fall as reports come in."
For prices to rise much higher, traders must see either increased demand or evidence that production or pipelines out of the Gulf aren't coming on line fast enough, said John Person, president of Nationalfutures.com Advisory Services Inc., an investment adviser and researcher in Palm Beach, Fla.
posted
wake up people,these oil and gas issues are not going away...AT ALL unless another alternative comes into play and even then predication claim it will take over a decade to incorporate the new source since new vehicles must be developed and older ones need retrofit kits and so on.Winter is not even here yet and we are only in year two of 8 of increasingly worst winters per many scientist and far worst summer storms also with more hurricanes.I forgot the name of this Earth cycle but its been mentioned over the past 2 years.
Mutual Fund Oil and gaz analyst, Peter Linder, advisor of DeltaOne Energy Fund, predicts an $80 barril price by end of year, and a $15 for NG. He is the same guy that predicted $70 a barril 6 monts ago....See the interview and rationale at:
posted
Some Gulf oil operations recover; natural gas still a worry By BRAD FOSS/The Associated Press
NEW YORK — The gradual recovery of some Gulf Coast petroleum operations hobbled by Hurricane Katrina helped send oil futures sharply lower on Tuesday and analysts predicted that pump prices, now averaging more than $3 a gallon, would begin to decline.
But another financial pinch shaping up for U.S. consumers and businesses in the months ahead is the high price of natural gas, analysts and industry officials said. And with oil prices still trading close to $66 a barrel, European and Asian economic leaders warned Tuesday that their economic growth was likely to slow.
In New York, light sweet crude for October delivery fell $1.61 to settle at $65.96 a barrel on the New York Mercantile Exchange, which was closed Monday for Labor Day.
Crude futures, which briefly topped $70 a barrel last week, fell $1.90 on Friday, when industrialized nations announced plans to supply the U.S. with 2 million barrels per day of crude oil, gasoline and diesel — an amount roughly equivalent to 10 percent of its daily demand.
Gasoline futures plunged by 12.87 cents to settle at $2.055 a gallon on Nymex on Tuesday, but that still leaves them up about 7 percent since Aug. 26, before Katrina struck.
At the retail level, “we’ll go below $3 a gallon, but not by much,” said oil analyst John Kilduff at Fimat USA in New York.
Refco Group Inc. oil analyst Marshall Steeves said the drop in wholesale gasoline prices “will take time to filter down.”
While oil pipelines, import terminals and some refineries shut down by Katrina have restarted operations, four damaged Gulf Coast refineries look likely to remain shut for weeks and possibly months, analysts said.
The emergency supply of refined products coming from Europe will help, analysts said, but it will be more than a week before shipments begin arriving and inventories of gasoline and heating oil will remain tight.
Another knotty problem, analysts said, is the potentially long-term loss of natural gas production in the Gulf of Mexico. Katrina caused significant damage to Royal Dutch Shell PLC’s Mars platform, which produces around 250,000 barrels a day of crude oil and 365 million cubic feet of gas a day; about 40 other platforms were lost, though they were smaller.
By Tuesday, more than 4 billion cubic feet a day, or 42 percent, of the region’s natural gas production remained shut down and 67.6 billion cubic feet of output has been lost since Aug. 26, according to the federal Minerals Management Service.
This is the time of year when utilities typically increase their underground storage of natural gas in order to prepare for winter demand.
The U.S. does not have an emergency stockpile of natural gas, as it does for crude oil, and the country’s capacity for importing liquefied natural gas is limited.
“Natural gas is the one commodity here that I have very little to say about in the way of good news,” Kilduff said. On Tuesday, natural gas futures slipped 3.4 cents to settle at $11.657 per 1,000 cubic feet. A year ago natural gas futures traded below $5.
Kilduff said his company’s forecasting models show the potential for natural gas futures to climb to $15 per 1,000 cubic feet in a matter of weeks if it turns out there is significant damage to underwater pipelines in the Gulf of Mexico.
“After Hurricane Ivan, it took several weeks to know the full extent of the damage to seabed pipelines,” said Steeves. “Some people are quite worried that this time could be worse because of the strength of Katrina.”
That would be bad news for petrochemical manufacturers and others dependent on natural gas as a raw material and as a fuel source for their plants, said Paul Cicio, executive director of the Industrial Energy Consumers of America.
“Most, if not all, of the energy intensive industries built their plants over the past 25 years based on $2.50 (per 1,000 cubic feet) natural gas prices,” Cicio said.
While half of the eight refineries shut down by Hurricane Katrina are restarting their operations, 58 percent of normal oil production remains shut down, according to MMS data released Tuesday. Some 12.7 million barrels of oil output has been lost since Aug. 26.
Major pipelines that carry fuel from the Gulf Coast to markets up and down the East Coast, which have been shut down for days due to power outages, are now back in action.
posted
just got off the phone with Joe Christopher and we can expect great news on revs! permits are done and also another company just offered Mr.Bitters twice the amount what he paid for the drilling rig for only 50% ownership!!! Also the company is setting up for up to 45 wells between Hondo and Ft.Worth basin.
another important note...the company did not know they were listed again on the Berlin exchange!! They requested removal once and we can expect it again!! For those who don't know about Berlin exchange,when listed there a company can legally be shorted to death!!
I feel we can expect some major news very soon!! ;D
posted
Quest you are like johnny on the spot with this info. Keep the news flowing in. As long as I see some green in the end of all this I would say my first few trades would go well besides rocky starts in all 3 of my first investments as expected.
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
Kalorian..the way I see it when ever I invest my hard earned money I make sure I get all the info possible including names address and ..next of kin....LOL
The last time I spoke with Jor from America Oil group we got a PR the next day I believe,I hope we do again and when I spoke with Joe he was extremely concerned with the Berlin listing again and he ask me to send the links and other contacts that I have with the listing there.
I do expect to hear about legal action and ask for a delisting there soon.
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.
By: gapcover 08 Sep 2005, 11:40 AM EDT Msg. 25284 of 25289 Jump to msg. # They will beat the estimates. Imagine Drilling Well after well without any delays. Already there is a wait for hiring a RIG for years now.
By: gapcover 08 Sep 2005, 11:42 AM EDT Msg. 25285 of 25290 Jump to msg. # Even the Price of the land they own should make the stock @ 0.05. Factor owning the RIG accompanied by the potential to Drill Well after well. This will be a multiple BAGGAR. Load up as much as you can. This opportunity will never come again. I sold my POGI to invest here
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