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Apr 26, 2006 BWR-- American Energy Production Inc (AMEP), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir.
In 2005 Jacobson Oil Enterprises amassed 26 proprietary patents dealing with the OTIS pump. "This is new oil recovery technology, which was invented to solve a problem. I am very proud of our development team and what they have achieved," said Hank Jacobson President of Jacobson Oil Enterprises.
Joe Christopher, President of Oil America Group Corporation said, "Texas leads the list of states with unplugged and abandoned oil wells and OAGC is in the process of acquiring 20 oil wells in various formations to test the application of the OTIS pump. With thousands of oil wells that are currently non-producing liabilities, Oil America Group has the opportunity to bring this new dynamitic technology to the oil patch at a time oil is trading at historic highs of $75 a barrel. The Company believes the prospect of success is obviously very exciting with the OTIS pump."
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I hope so I was in at 7 didnt sell at 13 and now am kicking myself for not selling in the 10's today. You a long on this one? any thoughts, imak
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anyone who got in at 9 or 10 cents wont be dissapointed if they hold. this will touch 14 and beyond this summer, once amep has numbers on their oil removal then we cant even imagine where this stock will go - it will likely shoot beyond the actual worth of the company and then fall back down near the 20 cent range. im riding free shares from when i got in at .035 and watching this particular stock since before they got their first rig and knowing what almost everyone in this country should know by now about oil prices this summer, it doesnt take a fool to realize this, and other soon to drill oil companies will only increse in value as the months get warmer.
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American Energy Production Inc. Announces Wholly Owned Investee Oil America Group Corporation Signed a Letter of Intent with Jacobson Oil Enterprises to Acquire Licensing Agreement to Sell and Operate the OTIS Subterranean Oil Recovery Pump in Texas
BusinessWire, Wednesday, April 26, 2006 at 07:07
DALLAS--(BUSINESS WIRE)--April 26, 2006--Oil America Group Corporation, a Wholly Owned Investee of American Energy Production Inc. (OTCBB:AMEP), announced today the Company signed a Letter of Intent with Jacobson Oil Enterprises, LLC to sell and operate the OTIS Subterranean Oil Recovery Pump, a method and apparatus for subterranean oil recovery from water separation, in Texas, Louisiana, Arkansas and New Mexico.
The OTIS Pump is both a method and an apparatus for separating oil from water down hole underground. This eliminates the necessity and expense of hauling salt water to a disposal site. The expense of water disposal is eliminated and the cost of electricity associated with the pumping process in many cases is reduced from hundreds or thousands of dollars per month to $25 to $50 per month. This dramatic cost saving is an opportunity to revive the estimated 500,000 stripper or marginal oil wells in the United States and make the wells more economical to produce.
In 2005 Jacobson Oil Enterprises amassed 26 proprietary patents dealing with the OTIS pump. "This is new oil recovery technology, which was invented to solve a problem. I am very proud of our development team and what they have achieved," said Hank Jacobson President of Jacobson Oil Enterprises.
Joe Christopher, President of Oil America Group Corporation said, "Texas leads the list of states with unplugged and abandoned oil wells and OAGC is in the process of acquiring 20 oil wells in various formations to test the application of the OTIS pump. With thousands of oil wells that are currently non-producing liabilities, Oil America Group has the opportunity to bring this new dynamitic technology to the oil patch at a time oil is trading at historic highs of $75 a barrel. The Company believes the prospect of success is obviously very exciting with the OTIS pump."
Charles Bitters, President of American Energy Production Inc. stated, "We are very excited that Oil America Group Corporation, led by Joe Christopher has located and signed the letter of Intent with Jacobson Oil Enterprises to become involved with the OTIS subterranean oil recovery pump. This gives Oil America Group the opportunity to raise drilling funds for oil and gas partnerships but to also diversify into other fazes of the oil and natural gas industry. American Energy Production Inc. expects immediate success with this endeavor."
posted
I have been thinking about not registering but just keep reading like I've been doing for the last year or so. Still don't know much about stocks, but have watched the dialogue and picked up a couple of stocks being touted... They are AMEP and RSHN. i haven't been disappointed in either stock. This has been a good stock (AMEP) to have and hold for the last several months. I jumped on this when I read the discussionsa long time ago. Initially I only brought 5000 shares then another 30,000, now I am up to 100000. Since buying basically doubled my monies. Think I will keep hold of the for a while longer. My hope is it get above a $1 for both. I wanted to thank you all for the good tips. Also, any thoughts on whether you think this has the ptential to go above a dollar? Thoughts?
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$1 is possible but unlikely, it really all depends on how much oil this company will be able to produce and how effectively they can profit from it. for starters, amep has two of its own rigs - this means they do not have to rush their drilling nor pay the enormous renting fees that most other oil companies must pay to aquire rigs.
secondly, the long term goal for amep has been to aquire these rigs and begin the drilling process, for those who bought the stock in 2005 and before were looking at ameps potential success in completing these goals to make justifiable predictions on where the pps will stand after the goals are met. we are now approaching summer of 2006, and amep is finally about to reach those goals from over a year ago. this makes it difficult to see what the long term in this company can actually be and more difficult to gauge how high the price will go once they do strike enough oil to be pulling their daily estimates repetitively. for now, the previous long term goal has become essentially a short term goal and once this crucial criteria can be met, only then can a defendable estimate be made on if it is headed towards the dollar range. if anyone was to ask me what i estimate, i would say just hold on as long as you can afford to - once this company begins removing oil there is no telling how the market will react and where its pps will be taken.
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imakmony2005
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FIST13F, Yes i am long and feel the sky is the limit once the company can meet its goals.
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As the PR stated, "This gives Oil America Group the opportunity to raise drilling funds for oil and gas partnerships but to also diversify into other fazes of the oil and natural gas industry. American Energy Production Inc. expects immediate success with this endeavor."
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imakmony2005
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NOTHING BUT UPSIDE, BUY UNDER .10 BUT FOR HOW LONG? THIS WILL POP,IMO
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posted April 25, 2006 01:22 PM -------------------------------------------------------------------------------- I did sell right in to the run all shares i sold were for over 85% gain banked 4k, and now i think this is about the bottom so im reloading.
-------------------- Kick me and i will Kick you back Harder
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imakmony2005
unregistered
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imakmony2005 Member
posted April 25, 2006 01:29 PM -------------------------------------------------------------------------------- gnulnx, to me it is saying bottom might get in to the .07s but im playing for free so, N-GAS and OIL, are big, i see upside now.imo
-------------------- Kick me and i will Kick you back Harder
-------------------------------------------------------------------------------- Posts: 4357 | From: san diego CA | Registered: Jan 2005 | IP: Logged |
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imakmony2005
unregistered
posted
imakmony2005 Member
posted April 25, 2006 01:32 PM -------------------------------------------------------------------------------- Got 50,000 thousand shares at .086 lets see.
-------------------- Kick me and i will Kick you back Harder
-------------------------------------------------------------------------------- Posts: 4357 | From: san diego CA | Registered: Jan 2005 | IP: Logged |
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I agree imakmoney. AMEP is really starting to look attractive. I may take another position tommorrow. I recently bought back in to omog and gshf.
Press Release Source: Oil America Group Corporation
American Energy Production Inc. Announces Wholly Owned Investee Oil America Group Corporation Signed a Letter of Intent with Jacobson Oil Enterprises to Acquire Licensing Agreement to Sell and Operate the OTIS Subterranean Oil Recovery Pump in Texas
posted
American Energy Production Inc. Announces ``It Rained'' May 2, 2006 10:30:00 AM Copyright Business Wire 2006 MINERAL WELLS, Texas--(BUSINESS WIRE)--May 2, 2006--
American Energy Production Inc. (OTCBB:AMEP) announced today a major rainfall on wholly owned Bend Arch Petroleum Inc. Palo Pinto 12 well leases in Palo Pinto County, Texas.
Charles Bitters, President of American Energy Production Inc., stated, "This may be one of the most important news releases AMEP has made in the past year for Bend Arch Petroleum Inc. The area around North Texas, especially Palo Pinto County hasn't had measurable rainfall for over one year resulting in a shortage of fresh water to fracture stimulate the Barnett Shale and Marble Falls formations currently in production. With over 3.5 inches of rain the creeks close to the property are running and the stock tanks are almost full. Having this volume of fresh water available Bend Arch can immediately make plans to get on the service companies list to begin frac operations."
The first well Bend Arch plans to fracture stimulate is the Hart #2 Marble Falls oil and natural gas producer. This well was originally fracture stimulated with a small 2600 barrel slick water frac in early 2005 and immediately produced 1000 barrels of oil in the first week of production. The Company believes by fracting with 8000 to 10000 barrels of slick water this well has the potential to make more oil and natural gas for an extended period of time.
A unidrolics jet pump assembly was installed on the Bend Arch Petroleum Hart #8 well on May 1st and as soon as storage tanks are delivered the gas well will be put into production. The unidrolics pump will help remove the fracture fluid still to be recovered from the well faster than a conventional pumping unit.
Bend Arch Petroleum's Phantom Rig I has commenced drilling on the Murphy #3 and 8 5/8" surface pipe has been cemented in place. The Company is very excited about this prospect well because of the seismic data retrieved from the extensive seismic shoot done in 2005 by Bend Arch Petroleum Inc.
About: American Energy Production, Inc.
American Energy Production Inc. is a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in its 'investee.' A BDC company does not consolidate financial statements with its investees and each investee operates independently.
The value of a BDC is derived by adding the value of each of the investees. In the case of AMEP each investee's oil and gas leases and producing properties and equipment will be evaluated by a petroleum engineer and then the independent members of the Board of Directors of AMEP will use this information along with other relevant facts and arrive at a value of each investee and the complete BDC.
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.
Source: American Energy Production Inc.
---------------------------------------------- American Energy Production Inc. Charles Bitters 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc. Joe Christopher 972-386-0601 jchristopher*oilamericagroup.com
posted
I wanted to thank the people who answered the question I had a week ago. Been away from the computer so did not respond as quick as I would have liked. I was not looking at the short term for the $1 mark, just looking a year or so down the road. I just like the company a lot - relatively inexpensive, have a product people need, and are not in the red. I still have a lot to learn about stocks. I have no idea about L2s, M&Ms, etc. The graphs people post - I am just clueless. Is there a quick reference page or something (good book) to explain the terms and what you are looking at on the graphs? That would be extremely helpful.
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Idbobby - Thanks for the link. I did a quick glance and read the info. It will take me some time to really to look at one and understand it. But, this is very helpful.
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quote:American Energy Production Inc. Announces ``It Rained''
What a lame headline for a PR. I don't care how valid the subject contained within may be; with a headline like that, investors will be wary and wary investors will bail. The title gives it the appearance of a fluff PR and nobody wants to invest in a company that releases fluff PRs.
Hopefully this can hold .10 tomorrow. If not, I'll be back when the weather clears up.
Then again, all the MOMO is with oil stocks, so who knows ... AMEP may still have a good week.
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