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kywee...LOL,he obviously does not have a clue!! I cannot believe how he made a major financial mistake like that.I just registered to deal with that foolishness.
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i want to get in on this stock but have never bought any stock before , where should i go and what will i pay in fees to aquire this stock?
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nattty...LOL I guess we will start a thread on the free for all board by 10am Monday hopefully...
llatffej....I personally like Etrade above all and if your just joining you can start with an "over the phone" check and your first 30 trades are free now I believe.
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scottrade is the best there is no maintenance or inactivity fees etrade charges you $40 if u dont use for 3mths all others do the same but fees are more...
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For all the energy players out here, I would recommend watching the weather channels for the next 60 day predictions and estimates and thats not the worse part,keep an eye on any news or weather channel thats speaking of the Earth cycle we are now in,I know I spoke of this before and others probably already know about it but heres the jist of it. The Earth is now in year two of a cycle that will last at least eight years that mainly affects the northern hemisphere,some scientist predict it to last up to 25 years.The cycle causes this....an increase in severe weather conditions that will directly effect parts of Mexico,all of the U.S. and all of the islands and most of Canada.They predict that hurricanes will be much larger and more powerful,they predict severe winters with more snow and ice and moving even farther into the southern states of the U.S. and the mid atlantic regions will have far more blizzards and increase in the following years.This cycle has nothing to do with global warming or any issues caused by human interventions such as pollutants,this is a natural global cycle that occurs on smaller levels every 30 to 45 years but also more severly every 200 plus years approximately and now scientist believe that this is the start of the long cycle that comes every 200 plus years.For you science buff's out there could you please help me with some links to support these claims that have spontaniously hit the info channels over this year and some last year.
I think we are in just the beginning of some major events for fossil fuels and since we are at least ten years behind in alternative fuels we will all be stuck with oil/gas and natural gas for quite a while.
For all the energy players out here, I would recommend watching the weather channels for the next 60 day predictions and estimates and thats not the worse part,keep an eye on any news or weather channel thats speaking of the Earth cycle we are now in,I know I spoke of this before and others probably already know about it but heres the jist of it. The Earth is now in year two of a cycle that will last at least eight years that mainly affects the northern hemisphere,some scientist predict it to last up to 25 years.The cycle causes this....an increase in severe weather conditions that will directly effect parts of Mexico,all of the U.S. and all of the islands and most of Canada.They predict that hurricanes will be much larger and more powerful,they predict severe winters with more snow and ice and moving even farther into the southern states of the U.S. and the mid atlantic regions will have far more blizzards and increase in the following years.This cycle has nothing to do with global warming or any issues caused by human interventions such as pollutants,this is a natural global cycle that occurs on smaller levels every 30 to 45 years but also more severly every 200 plus years approximately and now scientist believe that this is the start of the long cycle that comes every 200 plus years.For you science buff's out there could you please help me with some more links to support these claims that have spontaniously hit the info channels over this year and some last year.
Weather cycle systems used in the past as well as 6804 include 355-days, 6726 lunar days(19 years), 10976 lunar days(31 yr+2days), 21952 lunar days(62 years+5 days), 26555 lunar days(75 years+5 days), and 47097 lunar days(133 years + 10 days). Some have ancient names like the Metonic, the Saros and the Selene. One very good all-purpose cycle is 186 years+14 days, but rain records are not available in NZ and Australia over that length of time. Very often the movements of the inner faster-moving planets, like Mercury, Venus and Mars impact on the situation as well. But it is statistically fairly certain that when moon cycles coincide again in a similar orbital combination, extreme weather will often be seen to repeat, depending on which cycle is the operative one for that particular weather pattern.
I think we are in just the beginning of some major events for fossil fuels and since we are at least ten years behind in alternative fuels we will all be stuck with oil/gas and natural gas for quite a while.
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kywee.....ya know...I have yet to find any single trader experienced or not that could ever accurately chart an OTCbb stock under a dime,the reason is that most OTC's uder .10 simply are far to unpredictable and respond off PR's or no news at all,they jump due to buying clubs or collapse due to impatience.The best way to buy is more off other factors,i.e. sector,financials, production, etc...and you cannot chart a lot of unforseen outside influences which directly play into the pennies.As for the big boards its seems the charter do well with the NYSE and AMEX but even the NAS has some issues like the OTC's.
all in my opinion of course and any of you chart readers can put me in my place if you like.
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October 1, 2005 American Energy Production: Short Squeeze of the Year
American Energy Production Inc. (OTC: AMEP) is a prime example of a major short squeeze in progresss. On February 22, 2005, the company's shares hit a long term base when company management discontinued the Form 2-E offering which disclosed that the company received $1,820,000 of proceeds from the offering through the sale of 171,000,000 million shares. With an increase in outstanding shares to near 306,171,168 million, the company's shares took a dive to the sub-penny level, but finally bottomed out because the company was seeking alternative financing that was less dilutive. Eventually, good news about the company started to come out, including the most recent in which American Energy's subsidiary, Production Resources Inc. posted significant oil production increases on twelve test wells by as much as 500% for the month of August. Coupled with massive volume, the shares took a massive swing north in the month of September. It seems obvious to many traders that someone had aggressively shorted the stock, believing that it was just another dilutive penny stock scam. But with good news and volume, those same market makers who had shorted the stock were now climbing the bid to cover their shares.
posted by Ant & Sons * 10/01/2005 10:54:00 AM 0 comments
AMEP DD #4 ...for New Eyes:(#4 of 5) DD re EST AMEP REVENUES based on WELL SPACING, and also est revenues when all the leases are developed by Wholly owned Bend Arch, OAG, and PRI.
I talked to the CEO recently about the spacing on the horizontals, which typically produce about three or four times the amount of a vertical in the Barnett Shale. He said it would not be 40, more likely 80 or 160. I am figuring on the conservative figure of 160, which will make this stock valued in dollars, not pennies, after the 7,000 is covered with horizontals at 160 acre well spacing. I am also figuring 2 wells(5%) down at all times for servicing, and re-fracing to return the production back to near the original volume, per numerous DD sources.
A spacing of 160 acres, yields 43 wells less 2 wells for servicing for a total of 41 full time producers. I am figuring $2M gross per well at a VERY CONSERVATIVE $9 for NG ($14 now), $55 oil ($66 now). That gives a figure of $82M annual gross revenues from the Bend Arch leases alone when developed (on the conservative figure). ----------------------- That does not count gross revenues from the 193 PRI existing well project, which will be substantial when the project is completed, and that should not take all that long now that the technique has been established, because drilling is not involved. I am estimating that 154 of the 193 wells will be producers, as one in five wells will be used to enter the HOA-800 treatment into the formation. I am figuring 7 wells (+5%) will be down at a time for servicing, leaving an average of 147 wells producing at any time. The recent announcement, is that the HOA-800 treatment has been achieving as much as a 500% increase in the oil production from the 12 well test as of August. It looks like CB will achieve his quest to bring AMEP to profitability with the help of PRI now that the program is finally going to be expanded to the existing 193 wells and working pumps program ...and fast, as no drilling is required. This announcement finally gives us data to make some meaningful projections. Figures based on current well production spread over 12 wells gives sufficient average data for making estimated projections based on 12 well producing 987 barrels in 31 days. The average is 2.65 barrels per day, per well. Now the program will expand to another 25 wells in the next 45 days. That will be a little better than a +200% increase in PRI wells in production in just 45 days. In 45 days the total HOA-800 treated wells will be 37. That gives 37 wells X 2.65 barrels X 30 days X $60 per barrel(what PRI got on last load) = 2,941 bbl X $60 = $176,460 per month from RPI only. That would be $529,380 gross revenues per next Quarter from wholly owned PRI ONLY, for 37 of the 193 well program. Note; one in 5 wells are used to inject the HOA-800 treatment. Figure a max of 154 producers. Est Gross Revenues from PRI when field is completely treated:
Like I calculated, PRI has a net of approximately 154 producing wells of the 193 total, when the entire field has been treated. As one in five is used to inject the treatment.
154 wells X 2.65 barrels per day = 408 barrels per day PRI 408 barrels per day X 30 days = 12,240 bbl per Month. 12,240 X $55 (conservative) = $673,200 per month PRI $673,200 X 3 Months = $2,019,600 per Quarter PRI (ONLY!) $2,019,600 X 4 Quarters = $8,078,400 Annual gross Rev
That is over $8,000,000 from PRI only. This MC and SP is so undervalued, the hard figures say so. Profitability for AMEP is approaching fast.
Wholly owned Bend Arch will do even better, ...the NASH 1-c was not in the last Q.
AMEP longs, IMO the dynamics have really changed at AMEP with the big Ideco Rig acquisition, .....and now the 193 existing well PRI program will spread until the entire field has been treated. That is big news for Q increases in sales of Oil and NG. -------------snip------yesterday's good news------ Production Resources, Inc. posted significant oil production increases after several 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 12 test wells by as much as 500% for the month of August. Plans are being implemented to expand the testing area to an additional 25 oil wells in the next 45 days. In august PRI produced 987 barrels of oil at gross sales of approximately $55,000.00 Charles Bitters, President of American Energy Production, Inc. stated, "This is the best month for oil production and revenues that PRI has done since AMEP bought the Company. 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. ------------------------------- snip---
THEREFORE in conclusion on TOTAL est O&NG gross revenues:
My estimated total gross revenues for the 7,000 acres + 193 PRI well project, totals $82,000,000 + $8,078,400 = $90,078,400 gross revenues annually for AMEP. ------------------------------ That said I really believe energy prices will continue to rise over the next several years, with HUBBERT's PEAK production world wide at hand; and China, India, and South East Asia gobbling up energy in order to fuel their growing economies. If that happens the above estimated figures are calculated too low.
You must also consider that CB/CEO will be adding Barnett acreage as the company becomes profitable, ...as CB will grow this company.
All the above IMVHO, and are my VERY CONSERVATIVE estimated figures on $9 NG and $55 Oil, you may want to adjust upward to reflect todays prices, and projections for this winter. GLTY all AMEP longs.
... %^ greeneyedhawk "GOT GAS?" Get AMEP for relief ;^)
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Enjoy$.....heres the picture,AMEP is worth .21 to .25 right now based on known assets and without any production of ONG or NG numbers included,when we reach the .20's if we have had no news or production rev numbers we should stay flat or bounce back and forth a little,but I am betting by then we will have a few PR's to add to the known assets and then increase the base value of AMEP therefore raising the base target PPS.From talks coming directly from the company and its investee's we have already at least estimated tripled production or even more,when the numbers comes in I think we all (including me)will be surprised.
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Good post, Quest. I have one issue though with assuming 2 wells will be down at any one time for service.
I think that's a little low. With 43 wells, I'd assume as many as 8 down at any one time, just because service companies are so hard to find right now, due to demand.
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borrowed these figures from a poster on R B and are a slight under estimate imo,but I like to stay conservative with projections...this is for Barnett only,no other sites included.
* NOTE. Nat Gas wells are much cheaper to operate than oil wells
7000/640=10.935 square miles 10.935 x 160,000,000,000 = 1,750,000,000,000 cubic ft 1,750,000,000,000/1000=1,750,000,000 thousand cubic feet 1,750,000,000 x $12 = $2,100,000,000 (price at $12 per)
quote:Originally posted by QuestSolver: borrowed these figures from a poster on R B and are a slight under estimate imo,but I like to stay conservative with projections...this is for Barnett only,no other sites included.
* NOTE. Nat Gas wells are much cheaper to operate than oil wells
7000/640=10.935 square miles 10.935 x 160,000,000,000 = 1,750,000,000,000 cubic ft 1,750,000,000,000/1000=1,750,000,000 thousand cubic feet 1,750,000,000 x $12 = $2,100,000,000 (price at $12 per)
$2 billion 100 million
How much of that can be pulled from the ground anually? An accurate reserve valuation needs to be discounted to present value...
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"The Barnett Shale natural-gas field in North Texas, which was opened to full production in 1999 and now has almost 4,000 wells, again stood out among Texas fields by increasing production by almost 17 percent. The field extends around Fort Worth from Wise to Johnson and Hood counties."
"Railroad Commission figures show that the field, concentrated in Wise, Denton and Tarrant counties, produced 210.2 billion cubic feet of gas through June of this year against 179.5 billion cubic feet a year ago, when the Barnett Shale field became Texas' largest producing field. In 2004, the Barnett Shale field produced 369 billion cubic feet of natural gas."
"Barnett Shale production is expected to keep growing as new pipelines and processing plants enable producers to pursue plans to drill in Johnson, Parker and Hood counties."
...In midsummer this year, Patterson-UTI of Snyder, which owns about one-third of the nation's oil- and gas-drilling rigs, quoted day rates of $12,000 to $13,000 for rigs during July and August. Chairman Cloyce Talbott said the rate is likely to reach $15,000 during the fourth quarter.....
"...If you're an established producer with relationships with the driller and some contracts, you'll be able to get equipment," Lowe said. "If not, you'll have a tough time."....
-------------------- "si hoc legere scis nimium eruditiones habes."
quote:Originally posted by QuestSolver: AMEP DD #4 ...for New Eyes:(#4 of 5) DD re EST AMEP REVENUES based on WELL SPACING, and also est revenues when all the leases are developed by Wholly owned Bend Arch, OAG, and PRI.
I talked to the CEO recently about the spacing on the horizontals, which typically produce about three or four times the amount of a vertical in the Barnett Shale. He said it would not be 40, more likely 80 or 160. I am figuring on the conservative figure of 160....
I work as a surveyor for NG company that was ranked in the top 15 U.S. NG Operators for 2005 and was one of only 8 to drill 100 or more directional wells so far this year.
I am involved in almost every step of taking a leased NG property from signature to production.
This includes helping to acquire leases and working with property owners, property surveys, access locations, well locations, gas line locations and right of ways, among other things.
We stake our gas wells 1100' apart, which works out to be ~80 acres. Around here, wells can be placed closer, but more like 990' apart, or ~60 acres. Any closer and the wells will interfere with each other. However, the terrain and geology were I work is much different than that of the Barnett Shale.
I think using the conservative figure of a 160 acre spacing was the best choice and would be pretty typical of what I see in my particular area. Unless all 7000 acres are completely vacant with no structures, wells and streams, you are never going to get a perfect 80 acre spacing on your total leased acreage. IMO, even if you went with 80 acre spacing, after all was said and done you'd end up closer to 160 acre spacing of good, productive wells.
Terrain and water sources are the two biggest factors that come into play when I survey a gas well location, but it isn't flat here and we get plenty of rain, so Texas may be a different story.
-------------------- One is never completely useless. One can always serve as a bad example.
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160 billion per sq. mile.....7,000 acres equals 10.9375 sq. miles.......equals 1.75 trillion cf.....equals 1.75 billion mcf........* discounted value of $2 per mcf (my figure, someone else may use another) equals $3.5 billion......divide by 300 million shares.....equals $11.67 share price..... cut in half because something always goes wrong, plus delays equals $5.83 share price. Even that may be unrealistic, but clearly AMEP is headed for multiple dollars, when and how many dollars is the question.
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Yeah me to very interesting, hopefully the ask will hop up a little. Would really like to see this open above .10 and get that out of the way, lol.
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