I want to learn more about reading charts and how you were able to say the the stock was overbought. I'd like to learn something from the one guy who got his prediction right.
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reading charts, need help also, thanks for any input
-------------------- no hail mary, just 10 yards at a time.....
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<Ben Frank>
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usiness Editors / Energy Writers
MINERAL WELLS, Texas & BROOKLYN, N.Y.--(BUSINESS WIRE)--Oct. 4, 2005-- American Energy Production, Inc., (OTCBB:AMEP) announced today that a new two year extension of its exclusive marketing agreement for the heavy oil additive AMEP HOA-800 has been signed with Nature's Path of Brooklyn, New York. Two years ago the original agreement was put into effect to market Nature's Path private labeled Wellvive as AMEP HOA-800 in Texas, Louisiana, Oklahoma and New Mexico. Over the past two years, AMEP has used AMEP HOA-800 on numerous oil wells and has determined that by combining heat with the infused additive there is a significant increase in oil production from a given oil well. Accordingly, AMEP is extending the marketing agreement and purchasing the third multi-drum allotment of AMEP HOA-800. Lorin Weils, Nature's Path CEO stated, "We are pleased with the success that AMEP has achieved with Wellvive and we look forward to the additional oil production the company will obtain. Nature's Path is pleased to work with AMEP as a strategic partner in the development of our product into this enormous additive market." Nature's Path is a multi-product company that specializes in solutions for the environment by marketing All-Natural products derived from edible plant based minerals. Wellvive is one of Nature's Path's premier products and has shown it will help reduce viscosity of heavy oils within formations and dissolve paraffin and asphaltines that are present in most heavy oils. Charles Bitters, President of American Energy Production, Inc., said, "AMEP is pleased to receive the two year extension of the Marketing Agreement with Nature's Path to continue to test and treat the Production Resources, Inc., another AMEP investee's heavy oil wells with AMEP HOA-800. As we announced several weeks ago the oil production increases in the past two months are very encouraging since the company began adding heat to the treatment. 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.
KEYWORD: NORTH AMERICA NEW YORK TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS NATURAL RESOURCES ENVIRONMENT CONTRACT/AGREEMENT SOURCE: American Energy Production, Inc.
CONTACT INFORMATION: American Energy Production Inc., Mineral Wells Charles Bitters, 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc., Dallas Joe Christopher, 972-386-0601 jchristopher*oilamericagroup.com
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Yes in deed! We had a real solid day today! I also got in at .066 and I am loving it! IMO this should break .10 by the end of the week!
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American Energy Production Inc., Announces Update on Oil Drilling Rig Tuesday October 11, 7:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Oct. 11, 2005--American Energy Production Inc. (OTCBB: AMEP - News) Due to the enormous amount of share holder interest, AMEP announced today a progress report on the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc. ADVERTISEMENT
Charles Bitters, President of American Energy Production Inc., said, "The refurbishing of the Ideco oil drilling rig is going very well. All of the mud pump engines have been started and have great oil pressure. They are all running very smoothly. The draw works engines will be started today. The company is very happy with these results, because any engine problems would set back the drilling of the first well. Pressure washing and new paint on the rig is almost complete. If the draw works engines run properly, later in the week the derrick will be raised and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group."
The drilling rig work over should be completed and the rig operational in the next ten days. At that time the Company will move the drilling rig to Bend Arch Petroleum Inc., 12 well property, and drill a 3,100 foot developmental well. This well will have four to five potential natural gas formations that could produce 300,000 to 500,000 cubic feet of natural gas per day, however there are no guarantees the well will be commercial. The company will drill this relatively shallow well before it attempts to drill a horizontal Barnett Shale natural gas well to test all the rig systems and work out any issues that may occur on the drilling rig before attempting a maximum depth effort.
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now we just need word of drilling beginning and this stock will continue to steadily rise.. perhaps faster with a PR about the drill in use etc..
-------------------- In AMEP 35,000 * average .041 In AMNI 16,000 * .011
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