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Author Topic: AMEP... Good time to buy?
trader_adam
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Does anyone else besides myself see AMEP as a steal for .047 right now?
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trader_adam
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Sorry about the double post. I thought it didn't go through.
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buckstalker
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Oh Yea...I re-entered yesterday....

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***********************

It's all in the timing...

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HurricaneBob
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All In...
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OverDose
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This will bounce very soon...imo. I rode this stock up and down a couple of times.
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ThehourofTaber
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This should do well once the drilling is done. I'm in.

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Matthew T. Taber

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birdsoffire
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quote:
Originally posted by ThehourofTaber:
This should do well once the drilling is done. I'm in.

I agree. They need to produce about 2000-3000 barrels of oil in per day to be profitable instead of the 30-40 barrels that is currently being produced. Do not get me wrong, producing some oil is better that producing none. But, if they are to grow there company and please their shareholders, they need to produce more oil and gas.
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buckstalker
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Starting to move up...
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buckstalker
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Should gap up in the AM...up 18% in the last 20 minutes.

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***********************

It's all in the timing...

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imakmony2005
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WHATS THIS ABOUT AN EXXON BUY OUT?
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buckstalker
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Where did you hear that???

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***********************

It's all in the timing...

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iwearpro
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Monkey,you been smokin that chit again?lol

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Thanks,
Brian

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imakmony2005
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LOOK ON ( HOT STOCKS FREE FOR ALL.
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HurricaneBob
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Selling out... I'm not so sure I am ready to sell... have been thinking lately of tucking this away for two years, waiting for dollars
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HurricaneBob
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The promises of the Barnett are becoming very apparent according to the Dallas Morning News. Ewing Sr. is doing fine with his wells and his son is all well with Devon. There is the mention of Tillerson coming in as well as other executives buying the smaller plays and/or their services. The Shale is going to be big... This from RB post but I have not verified it... If Joe's in the press, we're in the game...

from Dallas Morning News - Souder

With a couple of big leases up for sale in coming months, other energy multinationals are expected to search for drilling opportunities in the cow pastures and suburban back yards of the Dallas-Fort Worth area.

"Everybody's been traveling to the far reaches of the world. Lo and behold, they've been sitting on this the whole time," said Joseph Christopher, president of Oil America Group, which finds financing for a tiny independent producer in Mineral Wells.

Experts anticipate some leading producers – perhaps even giant Exxon Mobil Corp. – will swoop in, potentially reversing a decades-old trend among major firms to shift operations off of U.S. soil.

"The Barnett Shale is the modern natural gas equivalent of the East Texas oil field," said Trevor Rees-Jones, chief executive of Chief Oil & Gas, the No. 3 producer of the Barnett Shale.

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Mr. HDIA
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Check this out. They have AMEP as one of their Hot Stocks...

www.maxstockpro.com/HotList.html

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Hey just a old man.

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HurricaneBob
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That's music to the ears... thanks Mister
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HurricaneBob
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Nice article posted by NaturalResources - I believe wells most likely tight on non-disclosure for negoiations that may or may not arise, nontheless I think we are riding the high hog here JMO

Not far afield Big gas producers take fresh look at N. Texas' Barnett

Now that independent wildcatters have proved the Barnett Shale
natural gas field is so vast and rich, it's beginning to attract
some bigger players. Driller Eric Vernon works at a Chief oil rig
site in Azle. Chief is the No. 3 producer of the Barnett Shale.

The turning point came this year as Royal Dutch Shell PLC and
Marathon Oil Corp. each bought operations in the North Texas field.
With a couple of big leases up for sale in coming months, other
energy multinationals are expected to search for drilling
opportunities in the cow pastures and suburban back yards of the
Dallas-Fort Worth area. "Everybody's been traveling to the far
reaches of the world. Lo and behold, they've been sitting on this
the whole time," said Joseph Christopher, president of Oil America
Group, which finds financing for a tiny independent producer in
Mineral Wells.

Experts anticipate some leading producers - perhaps even giant Exxon
Mobil Corp. - will swoop in, potentially reversing a decades-old
trend among major firms to shift operations off of U.S. soil.

"The Barnett Shale is the modern natural gas equivalent of the East
Texas oil field," said Trevor Rees-Jones, chief executive of Chief
Oil & Gas, the No. 3 producer of the Barnett Shale.

Some independents welcome the added attention. Mr. Rees-Jones, for
example, stands ready to sell his leases and wells and start over
from scratch. But the global players also could shake up traditions,
including the network of relationships that independents have built
in local communities over the years. "People like doing business
with people they've known," said Mr. Rees-Jones.

Major source

A formation composed largely of tight, black rock, the Barnett Shale
represents the energy industry's largest and most active domestic
play in natural gas.


The field - which extends from Denton County south to Hill County,
and as far west as Palo Pinto County - supplies more than 2 percent
of the natural gas used in the United States.

"It's living up to its hype," said Jack Lafield, executive vice
president of Crosstex Energy, which operates natural gas pipelines
in the Barnett Shale area. Mitchell Energy first drilled the Barnett
in the early 1980s, as founder George Mitchell experimented with
technology to fracture the tight shale and release natural gas.
Devon Energy Corp. bought Mitchell in 2001 and kicked off the
Barnett rush as the company developed new drilling techniques and
became the largest producer on the field.

In the past four years, more than 100 independent producers have
risked their fortunes, and sometimes their lives, for the thrill of
hitting it big on the Barnett Shale. The Barnett attracts
wildcatters because the technology to drill and crack the shale is
relatively simple. With natural gas prices near record highs, even a
low-producing well can make money for a small company.

"Barnett is actually a pretty low-risk operation. You'll nearly
always get some gas," said William Fisher, dean of geosciences for
the University of Texas. "Small increment yield is normally more
profitable to small operators." But some analysts say the way to
make the most of the Barnett field is to acquire a huge tract of
land, increasing the odds of hitting a sweet spot. In August, Shell
acquired 25,000 acres in Parker County to explore the Barnett. The
company says it's interested in diversifying its portfolio with "a
fast-growing North American resource."

And last week, Houston-based Marathon said it had acquired Barnett
leases as well.
Officials at Exxon Mobil declined to comment on whether the Irving-
based energy concern would be interested in Barnett. "If somebody
who's a bigger company, let's say a Shell or a company you might
think of as an international player, is successful in this bidding,
that may signal some of these companies that have spent the last
decade or so international, they may retrench and refocus on North
America," said David Pursell, an analyst with Pickering in Houston.

Local relationships

A major oil company, with few ties to North Texas, may approach the
Barnett Shale communities differently than the native independent
producers. The independents take pride in how they have educated
residents about natural gas fields, including how the rigs work, how
long they might be in use and how the royalty process works. They
also address environmental concerns.

Like many independent producers, Mr. Rees-Jones, a Dallas native,
knows many of his landowners personally and says some business has
come his way due solely to his reputation and network of friends.

Although the Dartmouth-educated former lawyer aims to sell his
Tarrant County leases and wells, he will probably keep the Chief
brand (named after his late Labrador retriever), retain his Highland
Park office and find new land to drill. Already Shell and other
potential bidders have called, he said.
Dallas/Fort Worth International Airport is also collecting bids to
lease mineral rights on its 18,000 acres.

Officials say the airport has received inquiries from both
independent producers and major oil companies. The airport plans to
factor into its choice whether the bidder is local or at least
commits to hiring local contractors.

A spokesman for Devon, still the largest producer of the Barnett,
said the Oklahoma City company is taking a look at Chief and
is "monitoring" the D/FW Airport lease process. Devon pays
particularly close attention to community relations, partly because
of some water contamination lawsuits against Mitchell, which were
overturned.

The company instituted community education programs and scholarship
funds. When residents complained about ugly Devon equipment in their
neighborhood, Devon painted everything green to blend in.

George Jackson, an operations supervisor with Devon's Bridgeport
office, spends so much time with some landowners, he even knows what
some plan to do with their royalty payments. He said one landowner
urged him to begin production quickly so she could keep her promise
to buy her best friend a Cadillac.


--
REPRINTED WITH PERMISSION OF THE DALLAS MORNING
NEWS.
THE DALLAS MORNING NEWS
11/29/2005
ELIZABETH SOUDER

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birdsoffire
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quote:
Originally posted by HurricaneBob:
The promises of the Barnett are becoming very apparent according to the Dallas Morning News. Ewing Sr. is doing fine with his wells and his son is all well with Devon. There is the mention of Tillerson coming in as well as other executives buying the smaller plays and/or their services. The Shale is going to be big... This from RB post but I have not verified it... If Joe's in the press, we're in the game...

Questions? What is AMEP's role in the Barnett Shale area. Do they exclusively own all of the land or just a small piece of the land? Other oil and gas companies are already there, what advantage does AMEP have compared to the other companies? If large companies like Shell and Exxon are comtemplating buying smaller companies, why would they be interested in AMEP?
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Livinonklendathu
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This is starting to move - drill pr ondeck maybe?

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......in Psychiatry circles it's known as a "warning sign"

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imakmony2005
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TRY GREAT TIME TO BUY.
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buckstalker
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This will continue to go up IMO...

--------------------
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It's all in the timing...

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imakmony2005
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IM WITH YOU.
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imakmony2005
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UP UP UP
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HurricaneBob
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COINTELPRO T - 15
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buckstalker
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-14

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It's all in the timing...

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kywee
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big gapper. something is going down
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buckstalker
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yepper...

--------------------
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It's all in the timing...

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trader_adam
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congrats to everyone who was in at .05!
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buckstalker
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Thanks trader...but...I don't think it's over quite yet!!!

--------------------
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It's all in the timing...

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imakmony2005
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Not by a long shot. IMHO
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KillaKmetz
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I'll have to see how my PECB open's tomm, had a nice run today, it might settle down tommorrow. If it does, I'm jumping back in AMEP. Great stock, and this stock has a very strong BETA, whenever there is a big demand for crude, this guy jumps; like it did in September. If we get a good PR, I can see this above $.10, maybe even the mid $ teens.

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All you need in this life is Ignorance and confidence; then success is sure.
Mark Twain

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kywee
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should be fun tomorrow
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elder
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close over .06 was bullish.

if we can break .075 tomorrow and close there, even better!

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Elder

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special ed
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All I have to say is wow! It's about damn time!
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