posted
Which post is that news article in Quest? YOu've been posting news in like 3-4 different places hard for me to keep up lol.
If you could paste it here so I can take a look at it. Was that the article about a different investee only wanting 50% ownership for them to operate the drill or something? So many news articles its becoming a small blur. Need to organize the data heh.
May put the next amount of money I am putting into my account into AMEP. Any word when that drill will be operational?
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
also oil and gas production reports are out and if I understand this correctly the numbers are above average.Hopefully to two following links take you right to the numbers.
then search production reports producers id for proco is 679595 producers id for pri is 680845 you can look at production from any well in texas from 1993 thru july 2005. production reports are turned in monthly to the rrc and it takes about a month to a month and a half before they are 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!!
posted
also heres my take today...this morning I contacted Charles Bitters and Joe Christopher by e-mail.They have yet to get back to me concerning my questions.Knowing these guys the way I feel I do I think they are right on top of the issues I expressed and the reason I say that is simply this,they would have contacted me by now so I expect a PR soon...real soon.
posted
By: 1greeneyedhawk 08 Sep 2005, 03:36 PM EDT Msg. 25358 of 25363 (This msg. is a reply to 25331 by drbobc422.) Jump to msg. # "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." ...posted by drbobc422
Good solid post dr bob, worth a repost if you don't mind, as it says a lot in one paragraph. The only major item missing that is significant for AMEP IMHO, is the progress PRI has made with the HOA-800, and that the re-work and treatment program will now expand to the entire 193 well project. The added PRI revenues from the sale of heavy oil, which CB said PRI sold for $60 per barrel on the last delivery, will be significant as wells are added to the production side of the 193. The Crane Carrier Portable Rig, that AMEP owns and is paid for, will expedite the re-work and treatment, now that the formula and procedure has been worked out. All this PRI progress this will go on simultaneously, while the newly acquired big Ideco rig drills well after well for Bend Arch and OAG. That makes all 4 investees hitting on all cylinders, ...I like the recent developments, especially the rig acquisition, it changes the entire dynamics for AMEP profitability with a continuous use of the rig...sooner now, than later. GLTY drbob, ...nice post. ... greeneyedhawk
posted
Thanks for the update and reposts Quest. The stock did ok yesterday had some good gains but it leveled back off. If we get a PR that would sure kick us into the green at least for me I would hope lol.
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
7. There are currently approximately 300 million common shares outstanding; the majority of these shares have been issued over the last year in order to acquire oil and gas acreage, producing wells and investees. To the extent practicable the Company will limit the number of additional shares issued in the future. In part this will be accomplished by establishing joint interests in future property and wells that are acquired by AMEP investees.
posted
I am gonna take my losses from AMIN I believe. I have a limit sale on it hopefully cashing out where it started today. Perhaps put the combined buying power on monday into AMEP.. we will see.
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
hopefully your AMNI sells,those pinks can be nasty.At least you can get your average down on AMEP and are you watching the bid now?hmmmm....nice
posted
Well AMNI seems good and I didn't realize it was a pink until I got in. (still learning hah). I am hoping it climbs to around .014-.015 this week and I can sell and make a small profit. I would be happy just to take a hit from the comission prices.
I have a buy order queued for more AMEP. Have a few family members that are interested in the stock from everything I've given them and they may be putting some of there savings in. Nothing too drastic.
Looking forward to see how this goes next week. I am assuming we are expecting a PR soon.
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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I found a Cramer re-cap of his Friday, Sept. 9th CNBC comments on the probability of NG going to $20.00
You know some would say we're doing alot of "pumping". The masses need to walk up and know this is reality!
NG has just run from about $6 to the $12 area in about 3 months.
Here are Cramer's comments: "it's not unrealistic to think oil could be going to $100 a barrel and natural gas to $20.
We're buying gas at "milk-cheap" prices, said Cramer, who pointed out that it's possible with a couple of cows to produce milk "with your bare hands." Gasoline, however, requires huge investments in capital, multiple stages of processing and transporting, and must be handled with extreme care.
"Cheap oil. It's a lie," said Cramer. Don't be fooled by any brief respite in gasoline or natural gas prices, he said. "Until your gas prices are at least two or three times the price of milk, I think you're still living in a world of cheap oil. You're living on the big lie."
The linker clinker:http://www.thestreet.com/_tscs/funds/madmoneywrap/10241947.html
(Voluntary Disclosure: LT Rating- Strong Buy)
post above by FM181 on another board
By: sumisu450 11 Sep 2005, 12:13 PM EDT Msg. 25766 of 25776 (This msg. is a reply to 25757 by FMI81.) Jump to msg. # FMI81,
For once I agree with Cramer; surprised he got away with saying those things on CNBC. Others are still dreaming that the price of a barrel of oil will return to $35 with new technology.
For once, I believe Cramer is right and I also believe that Peak Oil and Peak Gas has arrived.
By: googleaire 11 Sep 2005, 06:49 PM EDT Msg. 25776 of 25776 Jump to msg. # Horizontal drilling provides another leap forward for AMEP within the Barnett region.
You get much more efficient fracture stimulation with horizontal drilling than with verticals.
The hydraulics are more efficient in contacting more of the reservoir rock, and the more reservoir rock you can contact with the well and with the fracture stimulation, the better and more efficient the well returns oil.
You can get about three times the well for two times the cost of a vertical. No one recognized way back that water frac technology would cause the Barnett to take off and then horizontal drilling kicked it into another high gear and who knows what new technology could surpass that not to mention there's a tremendous amount of gas still down there locked up waiting to be tapped in to.
Buying AMEP below 3cents could have you enter a new '05 tax-bracket maybe even get you a new zip code.
American Energy Production, Inc. (AMEP) traded as much as 8.84% over open on Thursday.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline.
By: newport2kona 11 Sep 2005, 09:39 PM EDT Msg. 25779 of 25801 (This msg. is a reply to 25778 by goldenmind70.) Jump to msg. # goldenmind.... AMEP's numbers are growing,last year was 1.4 million in sales,right now they are averaging over 2 million and could be getting close to 3 million a year in sales. What's important is the production at this point is probably close to a break even point after paying overhead. The new rig is very vital,why,instead of PRI and Bend Arch paying an outside drilling service they will be paying the new investee company which is owned by AMEP the fees for drilling.AMEP is starting to get noticed from what I'm hearing and the buying action. The rig is probably in Mineral Springs right now to be assembled and gone over to make sure everything is working correctly. Leases on 7000+ acres. Hottest play for N/G in the country. Their own drilling rig. Current value of leases-$14,000,000.00+. Production already getting close to $3,000,000.00 a year. It's here,this is the most exciting time in AMEP's history.
By: googleaire 12 Sep 2005, 09:06 AM EDT Msg. 25805 of 25810 (This msg. is a reply to 25768 by goldenmind70.) Jump to msg. # Oil & NG prices will hit $90 to $110.00-a-barrel before they EVER hit $40 again.
$90 A BARREL IS THE INFLATION ADJUSTED PRICE OF 30 YEARS AGO when the 'oil shortage' [or greed factor] hit. Today there's over 1-trillion barrels of proven reserves. ONE TRILLION [THAT MEANS PLENTY FOR ANOTHER 50 YEARS AT LEAST].
What's a trillion? Let's compare a million to a billion first. If I gave you a million dollars and you 'had' to spend $1 per second you would be broke in 13-days. Now you come back for the billion $. Spending the same $1 per second it would take you 33-years to spend it.
A trillion is...well you get the idea, ALOT.
For now AMEP is a GREAT energy play because like 'Katrina' has proved 'any' disruption in the oil/NG supply line and THE PRICE OF OIL SPIKES.
AMEP is what it is [an OTC.BB COMPANY] BUT IT/YOU CAN CAPITALIZE ON THE NEXT DISRUPTION of oil flow and there are a number of events that could see oil spike north of $100 in any one week [the cartel's greed for the greenback is greater now then it was in the 70's NOT BECAUSE OIL is running out, it's more like GREED is growing faster then oil is pumping].
The question is; WHAT CAUSES THE NEXT OIL DISRUPTION?
1] Winter demand 2] Another 'Katrina' 3] Confrontation w/ Iran 4] Terrorists attacking the oil supply line in Saudi Arabia 5] Another uprising in Nigeria 6] 7] 8]
...fill in the blanks then you can see why AMEP @ >3cents is a worthwhile Risk vs REWARD play.
PS keep an eye on the AMEP share volume trading this Autumn and MORE importantly future S-8's filed. Keeping the float below 500M is one key factor for a substantial rally to continue.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)
posted
just got back in from a putt on the Harley,I don't worry about tic by tic,I know my money is in a safe place here and I sleep well....look for a PR by the way the last 15 minutes have been.,,we are overdue now.
posted
I do think they have something big and maybe a little out of the ordinary in the works but thats just my opinion for now.Once the rig is assembled I bet they could get a lot of money on a "rent out" basis to other drillers.Actually the rig may already be assembled by now.Heres a contact link for anyone just curious as to what could be in the works.
posted
right now is the best time that you could buy into this to day amep showed that it has found a new support line now we go up big time my price target is .25-.50 i dont think that we will see a buck but .25 woulod still be huge
Posts: 71 | Registered: May 2005
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quote:Originally posted by morehotair123: right now is the best time that you could buy into this to day amep showed that it has found a new support line now we go up big time my price target is .25-.50 i dont think that we will see a buck but .25 woulod still be huge
i agree 100%
Posts: 629 | From: new england | Registered: Feb 2005
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"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."
posted
By: trazbul 13 Sep 2005, 07:53 AM EDT Msg. 25971 of 25977 Jump to msg. # Heard on CNBC on way to work today that cost of renting/using a drill rig is shooting through the roof, if they can be gotten at all (aint no availability out there)! What great timing for AMEP in our acquisition of a big rig for our proprietary drilling....Management seems to be pushing all the right buttons lately...cannot wait until they PR the rig is operational.....
By: one_b1g_crap_shoot 13 Sep 2005, 09:02 AM EDT Msg. 25975 of 25977 (This msg. is a reply to 25971 by trazbul.) Jump to msg. # CNBC also just said that Rig availablity is at the lowest level in decades....
posted
moving more of my other investment money into this. It really seems like a no brainer to even at least double what I've put in. Encourage other friends and family to get in as well.
This stock has been going up 3-5% a day in recover from the big drop last Monday.
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011 Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
I am aware of that Quest. I don't expect this to soar to .20 in a weeks time.
I just agree with all you've said and backed with DD. I've also done some minor research as well with project NG prices and looked at some other company info.
If anything just anxious to get out of the red
AMEP was at 250 x 50 bid vs ask I believe. I am assuming from my limited knowledge that more are trying to buy than sell. It just dropped back to 50 x 50.
Posts: 148 | From: Virginia | Registered: Sep 2005
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posted
Chart just turned 100% bullish. The 10/20/50 SMAs just went into perfect alignment--one right above the other:
10 20 50
and swinging upwards.
Not a guarantee that the uptrend will continue but a very strong argument that the short to mid-term investors are in agreement that the trend will continue to the upside.
posted
if there is a substantial short position in AMEP offshore or overseas that would explain the Berlin activity pushing it down on no or low volume.If American Energy Productions have sent a petition to be removed from the other markets there will be some serious covering,think about it...we catch hell buying small blocks,imagine if a financial institution is short in the millions.
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