posted
is the float gone in AMEP??? I only got several partials fills and have been raising my ask!!! only an os under 290m for a serious oil stock with new technology that other oil companies will want....watch and see this hit the .20's soon.
posted
from the last PR--Production Resources Inc. posted positive testing results after 8 months of testing various procedures utilizing AMEP HOA 800. PRI discovered a method of well treatment that combines the utilization of heat along with AMEP HOA-800 in a chemical process that has returned positive results. PRI has increased oil production from the Olmos formation on the four test wells by as much as 300% for the month of June. Management now plans on expanding the testing area to an additional 10 oil wells in the next 30 to 45 days.
Charles Bitters, President of American Energy Production Inc. stated, "PRI has been working extremely hard on achieving the desired results with AMEP HOA-800 and now believe its time to start expanding this treatment program. There is still room for improvement, but I believe PRI can now benefit because of current record high oil prices and increased production rates from the Olmos heavy oil sand field. This oil field is very difficult to produce because of the tight sand and the compaction of the heavy oil in the sand, still these are very exciting results."
Management cannot discuss the details and/or formulations being used with AMEP HOA- 800, but PRI believes the heat treatment once perfected can possibly be sold to other oil operators. The Company will keep investors informed of the expanded test results.
posted
AMEP--Oil taps $61 amid refinery woes BP, Murphy Oil, platform fire in India fuel rally
By MarketWatch Last Update: 12:03 PM ET July 29, 2005
SAN FRANCISCO (MarketWatch) - Crude-oil futures touched $61 a barrel Friday for the first time in over two weeks, trading 6% higher for the month as refinery fires fueled concerns over near-term supplies.
MARKETWATCH TOP NEWS U.S. GDP increases 3.4% in quarter Oil climbs to two-week high of $61 a barrel U.K. consumer confidence shows surprise rise Wendy's surges on plans for Tim Horton's IPO, buybacks Rupert Murdoch's son quits as a News Corp. exec
BP (BP: news, chart, profile) on Thursday night suffered a fire in the residual hydrotreating unit of the same Texas City refinery where a explosion in March left 15 people dead.
A BP spokesman said the fire is out, and there will be a "minimal" impact for the gasoline market. No injuries were reported in Thursday's fire, he added. The refinery is the U.S.'s third-largest.
"This is the time when refinery accidents can and usually do occur," said John Person, president of National Futures Advisory Service.
And the "Texas refinery problem adds to speculation that there could be more troubles in other areas of the country," he said.
Previously on Thursday, Murphy Oil (MUR: news, chart, profile) shut a diesel hydrotreater at its 120,000 barrel-per-day Meraux, La., refinery because of a fire.
Crude for September delivery rose 96 cents to $60.90 a barrel on the New York Mercantile Exchange. It traded as high as $61, a level not seen since July 13. The contract ended last month at $57.64.
Prices were also nearing a record for a benchmark contract, which was last seen on July 8 at $61.90 for the August contract.
Elsewhere on Nymex, August heating oil traded up 1.95 cents at $1.655 a gallon, while August unleaded gasoline added 2.7 cents to stand at $1.749 a gallon.
September becomes the lead-month for the petroleum products after the market closes. September heating oil was at $1.696 a gallon, up 1.89 cents, and September unleaded gasoline climbed 1.41 cents to $1.725 a gallon.
Eventually, "experienced players will recognize that these [fires] have been modest, routine incidents that may have very little impact on either the level of crude runs at the end of the refining process or on the flow of product a the other end," said Tim Evans, a senior analyst at IFR Markets.
"The market seems to have lost its perspective," said James Williams, an economist at WTRG Economics, pointing out that last week U.S. refiners produced 4.3 million barrels per day while running at only 93.5% of capacity.
U.S. distillate supplies totaled 125.8 million barrels as of last week and are 5.4% higher than last year, he added. The normal range for the end of the month is 116.3 to 130.1, "so we are in good shape," he said.
"If you add up the potential loss from the two fires, it is -- at most --200,000 barrels per day which could easily be made up by other refiners," he said.
Indian fires, strong economy feed rally
The bigger piece of news is the "destruction of the Indian oil platform a few days ago which could take 100,000 barrels per day off the market for several months," Williams said.
The blaze earlier this week on a state-run Oil and Natural Gas Corp. platform killed least 11 workers, according to the Associated Press.
"The oil fire in India really spooked the market," said Agbeli Ameko, a managing partner at First Enercast Financial. "This just shows how tight the supply and demand balance really is."
All the refinery news followed Wednesday's Energy Department report, which revealed a "sharper drop in gasoline inventories than expected," said Michael Fitzpatrick, an analyst at Fimat USA. See full story.
So the refinery "disruption underscored concern about tight refinery capacity and the market's sensitivity to any outages," he said.
By: casscountytexas 29 Jul 2005, 06:28 PM EDT Msg. 20441 of 20446 Jump to msg. # i would like to give you a run down on another stock i own that just got involved in the barnett shale. i sold it yesterday for a 500 dollar loss. im posting this to show you how undervalued amep is presently.
pps 1.30 market cal 22.49 million per 8k dated 8 june they had 1st qtr revs of 130,000 dollars with a net loss of 1,650,000 usd.
they have a 75 per cent working interest in 3000 acres in jack-wise-palo pinto counties and 590 acres in oklahoma.
yes their share count is less but we are so undervalued i cant help but believe this stock with any luck at all will see .25 very soon....
By: casscountytexas 29 Jul 2005, 06:29 PM EDT Msg. 20442 of 20447 (This msg. is a reply to 20441 by casscountytexas.) Jump to msg. # the companies stock symbol is lxrs
Are you worried about "peak oil" yet? You should be. An ever-expanding cast of oil geologists, futurists, environmentalists and world leaders are very concerned indeed.
Consider the message of books like Twilight in the Desert, The End of Oil , The Long Emergency: Surviving the End of the Oil Age... , Beyond Oil , Power Down and Party's Over: Oil, War and the Fate of Industrial Societies , a collection about an increasingly likely fate.
I interviewed Matthew Simmons, a respected oil analyst and sometime adviser to the Bush administration, about his theses in Twilight in the Desert . Simmons says Saudi Arabia is at or near oil peak, and that both Iran and Iraq are past peak. His conjecture about the Saudis is pretty sobering, considering that all of our energy projections are based on their ability to open the spigots wider and deliver 15 million barrels of oil per day.
Simmons says, "Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future [emphasis in the original]. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption."
Today's analysts and geologists follow trends in global oil field discovery and make an educated guess when the peak of production will occur. World oil discovery actually peaked in 1965, so the fact that the industry is finding less and less oil is very troubling.
Expert opinion varies on when oil peak will be reached. Ali Samsan Bakhitari, vice president of Iran's national oil company, puts the date at 2006 or 2007; oil company geologist Colin Campbell at around 2010; the nonprofit World Energy Council says sometime after 2010; and Royal Dutch Shell says it will be 2025 or later. "The crisis is very, very near," says Bakhitari.
A new report entitled "Peaking of World Oil Production" by Robert L. Hirsch makes sobering reading. Hirsch is not some think-tank intellectual: He is a former VP of Arco and RAND senior energy analyst.
Hirsch makes note of our 210 million gas-guzzling cars and trucks, and the nine to 15 years it normally takes to replace half of them. "While significant improvements in fuel efficiency are possible in automobiles and light trucks," he writes, "any affordable approach to upgrading will be inherently time-consuming, requiring more than a decade to achieve significant overall fuel efficiency improvement." Uh oh.
But then there's this: "The problems associated with world oil production peaking will not be temporary, and past 'energy crisis' experience will provide relatively little guidance. The challenge of oil peaking deserves immediate, serious attention if risks are to be fully understood and mitigation begun on a timely basis." Hirsch concludes that the only way to avoid a serious shortfall of motor fuels is to begin planning to replace oil 20 years before the peak period is reached. But as we've already seen, the critical peak year may be much closer than that already.
posted
By: undervaluedpicker 30 Jul 2005, 11:25 AM EDT Msg. 20459 of 20462 Jump to msg. # A case for AMEP PPS to be at $1.134
I am a believer in the AMEP story and have been lurking on this board for a couple of months now ever since I took a position in this stock. I have looked at some of the knowledgeable posters and what they write here and based on my own "back-of-the-envelope" calculations and taking into account comparative valuations of other O & NG producers, I have arrived at a share price of $1.17 for AMEP which I am sure it will achieve in a short period of time as long as the drilling results come out as expected.
Consider that Devon has 550,000 acres under lease and AMEP has 7000 acres. Given the fact that in one of the news articles I read on the web where someone knowledgeable about the reserves in Barnett Shale opined that it is going to be the rare area in the Shale where O & NG can NOT be found (meaning that in most of the places, if people used proper drilling techniques they are likely to find reserves). So, given the fact that CB is using the latest drilling techniques and has already expressed happiness over the preliminary results, it is only going to be a matter of time before the market realized that AMEP also has enough reserves under its areas to warrant a higher valuation.
Now, taking the market-cap of Devon and dividing it by the number of acres it owns and multiplying that by the number of acres AMEP owns should give a market cap of roughly $338M, which when divided by the OS of AMEP gives a per share value of $1.13. Of course, DVN has only a P/S ratio of 2.85 but consider that someone mentioned another O & NG play LXRS that has a P/S of 40 and a much higher market-cap than AMEP even though with lesser production numbers. AMEP looks like it has a very high P/S ratio now but that will get revised when actual production numbers are out and the trend becomes predictable and stable.
I used that criteria also to arrive at the same roughly $1.10 PPS, given the fact that someone else on the Ragingbull MB (message # 20221) had projected some gross annual proceeds of $330M for AMEP (and I am using a conservative P/S ratio of just 1 for those numbers).
So, AMEP is definitely a stock with mega potential for price appreciation and I will be looking at every available opportunity to appreciate. All IMHO and do your own DD. good luck!
posted
Yeah right. He is just pumping it because he is in it. Last time when she ran side by side with RAPT she did ok but now MM have a ton of shares. They will not allow this stock to run unless it has PR. So you can forget about pumping this for next week.
-------------------- I will follow your picks.. Posts: 95 | Registered: Jul 2005
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Nothing that would tell me it is going to run. Look at its major dip. We have to cover all those shares until we start any kind of uptrend. MM want to trap investors at these level's. Many people tried to run AMEP after it's last few runs and it has not worked. I suggest you give it up on this.
-------------------- I will follow your picks.. Posts: 95 | Registered: Jul 2005
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posted
After all the bashing you received in other thread(s), I think you deserve the five stars I just gave you, Sixela. I've looked through a lot of your posts up to and including today and, aside from a couple of stumbles, you make a lot of good sense.
Posts: 102 | Registered: Jul 2005
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quote:Originally posted by dingbat: After all the bashing you received in other thread(s), I think you deserve the five stars I just gave you, Sixela. I've looked through a lot of your posts up to and including today and, aside from a couple of stumbles, you make a lot of good sense.
Thank you dingbat. People have tunnel vision when it comes to the stocks they have shares in. They don't look at the other side of the fence. It appears that what I say doesnt count unless I kiss some royal arsee of the pumpers on certain threads. People get so happy to have5 starts but I am not in pre-k anymore. Stars mean nothing to me. As long as I can get people to think twice about what is being said about a stock and for them to come to there own conclusion of weither or not to invest then my job is done... Alot of people fall for the "In one year the stock will be up over 1,000%" How can you say such a thing when the company has issued 10b shares???? Not in the case of AMRE but overall. You have the "senior members" who use there stars and the amount of post they have to take advantage of new and old investors. People don't fall for the hype. See how many shARES a company has. Are they planning to do a r/s. Have they dumped shares on the public? Notice trends in a stock and how everytime someone says PR is going to be released it never does. Trust me don't let your money burn in OTC take your money, get microcaptrade and put your money into runners. Take your 20-50% profit and leave. The time you spend holding in a stock you could be making money daytrading. Don't get me wrong there are a few long term stock that did pan out to be very good and make people money but they are so rare and take years to even move. Just becareful and watch out for these pumpers because they will get you...
-------------------- I will follow your picks.. Posts: 95 | Registered: Jul 2005
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posted
I see it's coming off the bottom. RSI just bounced off of 50 and headed up. It is now in an uptrend....I'm keeping my eye on the L2 and perhaps jumping in...will tell at the bell.....Good luck all. Looks ready to RUN
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
just got back to Maryland from Florida,couldn't trade to but glad to see my GTC order got filled today!! AMEP is going to start a major uptrend imo.
By: fish1031 01 Aug 2005, 09:36 PM EDT Msg. 20611 of 20618 (This msg. is a reply to 20608 by DrillBit.) Jump to msg. # For one thats been to the Oil & Gas field just last month, walk around kicking tires and letting oil drip from my hand I M happy that I m in the game with CB all the way. It take time for this to work for all of us. thing still looking up, FISH
By: DrillBit 01 Aug 2005, 09:08 PM EDT Msg. 20608 of 20618 (This msg. is a reply to 20606 by newport2kona.) Jump to msg. # Do you remember my 'checkerboard' post? That is why AMEP would entertain doing the partnerships. The deal that they are doing is a very common one called a quarter for a third. AMEP retains 25% of the working interest and has no money invested in that %. I think the drilling rig situation may be solved soon and with no loss of working interest.
You all have the need to see instant gratification and yet have no idea of the true workings of running an O&G company. If your timeframe is not being met to recover O&G that has been in the ground for millions of years, perhaps AMEP is not for you. It damn sure is for me as we are damned lucky to have CB and this acreage.
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but good point Sixela.
