American Energy Production Inc. Announces Major New Development and Strategic Acquisition 2/23/2006
MINERAL WELLS, TX, Feb 23, 2006 (MARKET WIRE via COMTEX) -- American Energy Production Inc. (OTC BB: AMEP) is pleased to announce investee Bend Arch Petroleum has acquired another drilling rig in a joint venture agreement with Armadrill USA, a subsidiary of Aramadrill Mexico.
The acquisition consists of a Challenger 360 Drilling Rig capable of drilling to a depth of 6,000 feet as well as drilling horizontal wells in the Barnett Shale. In today's environment this deal greatly expands the business plan of Bend Arch Petroleum Inc. Profit potential for Bend Arch Petroleum Inc. will be greatly enhanced. Not only does this give the company the ability to use the rig on Bend Arch Petroleum's own drilling projects but management will now be able to contract the rig to other oil and natural gas operators for high drilling prices. The Challenger 360 rig will enable Bend Arch Petroleum to acquire working interests in other wells increases our diversification with drilling oil and natural gas wells and also producing oil and gas wells. Discussions are already underway on several drilling projects.
Charles Bitters, President of American Energy Production Inc., stated, "With the exception of the purchase of our Ideco H-40 Drilling Rig, this is the most significant development of our company to date. I believe this deal greatly improves our future balance sheet and will make the drilling operation more efficient. I believe we are positioning The Company to be a major player in the Barnett Shale natural gas play. Also, the alliance Bend Arch Petroleum Inc. and Armadrill USA have formed will enable Bend Arch Petroleum to buy drilling equipment out of Mexico that is not available in the United States at this time."
Like the Ideco H-40 rig, the Armadrill rig needs some preparation work. The rig is already in Bend Arch Petroleum yard in Mineral Wells, Texas, and is being worked on daily. Management looks forward to the announcement of our first drilling contract or first Company project in the Barnett Shale.
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.
Contact: Charles Bitters 210-410-8158 www.americanenergyproduction.com Or Oil America Group Inc. Joe Christopher 972-386-0601 jchristopher*oilamericagroup.com
AMEP: Looks like the MMs have collected enough shares to let her go from here.
Posted by imakmony2005 on :
yeppers
Posted by NaturalResources on :
quote:Originally posted by imakmony2005: yeppers
I am looking forward to the next 6 months. This company has big news coming IMO.
1) Commercial quantities of gas from a completed Hart Ranch #8 well.
2) New drilling program for the Ideco H-40 rig.
3) Completed overhaul of the newly acquired Challenger 360.
Plus once the Challenger 360 is ready for action, they can use it on their own lease acreage or rent it out to others.
Risks include a dry well at Hart#8, or damage to one or both of the rigs.
The potential with this one outweighs the risk IMO, but always do your own DD.
GLTA
NR.
Posted by DivotDog on :
Did a little homework.. this looks like a sleeping giant
Posted by imakmony2005 on :
GONNA WAKE UP SOON.IMHO
Posted by imakmony2005 on :
TODAY?????
Posted by imakmony2005 on :
Nice little trend going.
Posted by JimSC on :
AMEP: Among last 10 trades -- 10 buys vs. 0 sale.
The trend is up.
Posted by JimSC on :
AMEP: Among last 10 trades -- 10 buys vs. 0 sale.
The trend is up.
Posted by BeginnersLuck on :
What is this??? Two green days in a row?
Posted by NEL on :
I certainly hope so, been in the red on this one for awhile.
Posted by blou on :
Alot of volume today. I think I'll hold on for awhile. Looks like the only way this one is going to go is up!! Green all the way!
Posted by Lucas Brachish on :
I've been holding for a (relatively) long while (fall 2005), and I like how AMEP seems to have a solid floor -- never goes too red for me, even though I didn't buy in at the low.... sometimes it even gets a little green... And I'm fairly confident that we'll see this one run, and that's it's kind of a safe hold... But as winter draws to a close, I'm starting to wonder ....
For instance, just to play devil's advocate for a second: Weren't we supposed to see this run in Feb., with the oil/gas demand skyrocketing due to winter heating bills, and thus all related stocks going up due to potential $$ .... Since AMEP has stayed relatively flat through the 2006 winter, can we really hope that this will have as much potential to run in Spring or even Summer, since gas/oil speculation will not be as hot during that time?
I mean, unless AMEP strikes black gold in a major way....well, then the over-valuation / speculation in gas/oil that was going on in 2005 will leave us stranded with our current gas/oil holdings as (and if) gas/oil prices continue to level out and the summer lull sets in....
Thoughts, anyone?
Posted by JimSC on :
The MMs have been working on AMEP for the past 4 months. The accumulation phase is almost completed. They are waiting for a major pr to make a run. The charts of AMEP and CLBE are very similar and shold run in the same way. Hold your shares tight and wait for the good news.
Posted by BuyTex on :
amep can go...
Posted by imakmony2005 on :
Buying op.
Posted by buckstalker on :
Holding tight...buying more.
Posted by imakmony2005 on :
WISE MOVE.
Posted by buckstalker on :
I know....
Posted by JimSC on :
Get more at dips. Trust the MMs' ability to pump -- now they got the majrity of the shares, and they will pump it to a higher level with a few swings. Hold your shares tight, and enjoy the ride.
Also do your DD for GLIF and XKEM.
Posted by imakmony2005 on :
bump
Posted by Lucas Brachish on :
Thanks for the info.... will look into buying more AMEP, or at least holding longer term. (I agree that a major PR will send this flying; I just don't see this running based on pure oil/gas speculation anymore, so now we're dependent on big news, which isn't exactly a guarantee.) I made a few $$ on CLBE a few months back, but I'll look back at that again too, and see if it's worth another play. If the agreement here is correct -- that the MM's are going to run these soon -- then it'll be a great time for us all. Go Amep go.... Posted by JimSC on :
Great chart for rebounce. Watch it.
Posted by Ripler on :
it seems pretty steady to me... why all of a sudden would there be an increase?
Posted by NaturalResources on :
Grabbed some more of this today. Even if the news about the Hart#8 well doesn't turn out good, this thing still has plenty of potential.
Posted by Ripler on :
looks interesting...should look into it
Posted by Ripler on :
trying to buy some but it is almost impossible
Posted by imakmony2005 on :
Great buying op got a bit more here.
Posted by imakmony2005 on :
ripler, got to pay the ask.
Posted by Ripler on :
doin it... i'll wait till days end!
Posted by JimSC on :
AMEP: the MMs have collected tons of cheap shares, so must we.
Posted by Ripler on :
ok i bought it at 0.053...could be better could be worse...looking at the bigger picture..
hmmm... im wondering on when big news will come Posted by sx3indy on :
< wonders how much you invested in this company? And what price do you plan to sell at?
Posted by NaturalResources on :
Watch this stock over the next few weeks or month for the following PRs.
1) Completion of the Hart#8 Well. 2) Contract for the new Challenger 360 rig. (or) 3) New company drilling program.
Do your own DD, and GLTA.
Posted by Ripler on :
i own AMEP...im looking into it as a long-term investment...good call/bad call? in any case around a year..
i hope the news is good
Posted by JimSC on :
Great chart.
Posted by macdrsirules on :
I am a much much bigger believer in PBLS but am not against a short term play in AMEP. RSI and SLOSTO show AMEP oversold or almost oversold. The recent history in the chart shows a nice bounce from oversold conditions. It could drift a small bit lower but an entry now is excellent in my opinon. The middle bollinger band has shown no resistance or support in the past and I do not think it will start now nor has 50 day moving average. It appears to me that .059 to .060 is the next relavent resistance.
I seriously doubt that there are many orders after market close on AMEP as it is an American company and not overseas. The price has opened lower a good percentage until the last three trading days this is one reason why accumulation line has risen continuously over the last few weeks. The last three to four days have shown me that the MMS are ready to let it run again with some buying pressure.
Taking a break from the bigger boards and having some fun with some of these pennies. LOL
I am in short term.
Posted by Lucas Brachish on :
Thanks Mac... I may load up some more, then, average down a bit and hope we break resistance within a few weeks.
quote:Originally posted by macdrsirules: I am a much much bigger believer in PBLS but am not against a short term play in AMEP. RSI and SLOSTO show AMEP oversold or almost oversold. The recent history in the chart shows a nice bounce from oversold conditions. It could drift a small bit lower but an entry now is excellent in my opinon. The middle bollinger band has shown no resistance or support in the past and I do not think it will start now nor has 50 day moving average. It appears to me that .059 to .060 is the next relavent resistance.
I seriously doubt that there are many orders after market close on AMEP as it is an American company and not overseas. The price has opened lower a good percentage until the last three trading days this is one reason why accumulation line has risen continuously over the last few weeks. The last three to four days have shown me that the MMS are ready to let it run again with some buying pressure.
Taking a break from the bigger boards and having some fun with some of these pennies. LOL
I am in short term.
Posted by QuestSolver on :
should be getting the report very soon on the final depth of the new rig and maybe N gas numbers,hopefully this week.
Posted by imakmony2005 on :
BUMP
Posted by blou on :
up 8% at opening!!
Posted by imakmony2005 on :
NICE.
Posted by indef on :
southendpickers are did a good job! hope to see 0.059-0.06 EOD
ask 100 x 0.056 50 x 0.0565 50 x 0.057 83 x 0.059
Posted by indef on :
ask 150 X 0.058 50 x 0.059
looks much better that expected!
Posted by blou on :
It's at 14% up now!! Great movement so far!
Posted by JimSC on :
Looks like the MMs have collected enough cheap shares, and they are going to raise the pps and make an end-of-quarter sale. Watch it.
Posted by JimSC on :
AMEP -- a sleeping giant is waking up. Watch it.
Posted by JimSC on :
AMEP: great volume. Watch it.
Posted by imakmony2005 on :
going up.
Posted by Wall St. on :
Nice EOD run....hoping for new high of day
Posted by imakmony2005 on :
YA BABY.
Posted by imakmony2005 on :
GOING UP.
Posted by Wall St. on :
There it is.....new high of day
Posted by imakmony2005 on :
YA!!!!!!!!!!
Posted by indef on :
tomorrow expectations? 0.065 for 10 mil float?
Posted by NaturalResources on :
quote:Originally posted by indef: tomorrow expectations? 0.065 for 10 mil float?
Rumor has it news is coming before the end of the month.
Posted by trader121 on :
this is shooooooooooting up soon, i think this week, if not then by the very latest next week.- The Trader
Posted by macdrsirules on :
10 million float?
From everything I have seen the float is 332 million.
Tommorrow should be interesting.
Posted by imakmony2005 on :
Going up, LL2s getting stacked up!
Posted by JimSC on :
News out -- read another thread.
Posted by buckstalker on :
American Energy Production Inc. Announces Update on Bend Arch Petroleum Hart #1 Natural Gas Well Mar 28, 2006 8:30:00 AM MINERAL WELLS, TX -- (MARKET WIRE) -- 03/28/06 -- American Energy Production Inc. (OTC BB: AMEP) announced successful completion of drilling operations by Bend Arch Petroleum's Ideco H-40 drilling rig, Phantom Rig I on the Hart # 8 natural gas well. The drilling depth of the Bend Arch Petroleum's Hart # 8 reached 3,257 feet, the target depth of the original well plan to test the Keechi Farms Strawn sand.
The Hart # 8 natural gas well was electrically logged on March 12 and petroleum engineers determined the well bore has five potential oil and natural gas formations. 5 1/2' casing was cemented to the total depth of 3,257 feet. The Hart # 8 well has been acidized in the Keechi Farms Strawn sand and on Monday, March 27, the well was fractured stimulated. Management and treating company engineers determined the frac job was successful and now the frac water has to be recovered to determine the natural gas flow rate. The frac fluid should be recovered in four to seven days.
The Ideco Phantom Rig I will be moving to a second well on the Palo Pinto 12 well project and a location with a Ellenberger or a Mississippi reef high determined by the extensive seismic shoot recently completed by Bend Arch Petroleum Inc. will be the target. The seismic mapping determined the location to be 70+ feet high to other Ellenberger formations in the area. The new well will be drilled into the Ellenberger Formation and then electric logs will determine if the unusually high formation will be a successful oil or natural gas producer. The Barnett Shale formation is above the Ellenberger formation and engineers will determine if a horizontal completion is also available in the Barnett Shale since this location is approximately 1,000 feet from the Murphy #1 Barnett Shale well that has produced over $1,000,000.00 since July of 2004.
Charles Bitters, President of American Energy Production Inc., stated, "The Company is very excited with the opportunities that the Phantom Rig I will give Bend Arch Petroleum and Oil America Group to drill and participate in many new natural gas wells and oil wells. We believe the Company will expand its operations dramatically in the next few months."
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 oil and gas appraiser 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.
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 by JimSC on :
AMEP: running; up 7%.
Posted by imakmony2005 on :
printing .07s
Posted by imakmony2005 on :
nice gain so far.
Posted by JimSC on :
AMEP: trust the MMs' ability to pump. Watch it.
Posted by imakmony2005 on :
im in.
Posted by JimSC on :
AMEP may run like BANY.
Watch it.
Posted by indef on :
2 MMs left with ask 0.0068 0.007 is expected soon!
Posted by JimSC on :
AMEP: got huge volume for two days.
Posted by indef on :
One MM is just driving in down ... 50x0.0064 Reason?
Posted by indef on :
sorry, 50x0.064 ...
Posted by buckstalker on :
UBShortSeller is the culprit here...they have been holding this back for quite some time now...why???
Posted by NaturalResources on :
Great news today! I was expecting news by the end of the month, but didn't expect it to come today. Congratulations everyone, look for a higher PPS by the end of the week IMO.
NR.
Posted by NaturalResources on :
Per todays PR:
... "Management and treating company engineers determined the frac job was successful and now the frac water has to be recovered to determine the natural gas flow rate. The frac fluid should be recovered in four to seven days." ...
For those of you who don't know, I am employed in the NG industry. From what I understand, it only takes about 24 hours to remove the frac fluid from a well after it has been fractured.
However, my knowledge of well completion is limited because most of the work I do involving gas wells takes place either before the rig is on site or after the well has been drilled, frac'd and completed.
A few things I can think of that would require more time would be either lack of experience due to new drilling crews, or maybe more stringent laws in Texas regarding removal of frac fluid. Also, I work with only NG wells, so perhaps the method is different when dealing with Oil or Oil/NG wells.
The company I work for is in PA and all that is required is a lined retaining pond, which is built before the rig arrives, and a large tank to contain the blast of fluid that literally shoots out of the well when the valve is opened after the frac.
Is there anyone out there that can shed some light on why it would take AMEP 4-7 days to remove the frac fluid?
TIA,
NR.
Posted by imakmony2005 on :
BUMP
Posted by imakmony2005 on :
Moving up nice.
Posted by JimSC on :
AMEP: great chart and volume.
Posted by JimSC on :
AMEP: up %.
Posted by imakmony2005 on :
Just you and me Jim.Going up.
Posted by curious_george on :
Im in this but so small it really isnt relavant. I only put a couple hundred dollars into this one. Thought I bought in too high though but still going to hold on. Bought at .064
Posted by imakmony2005 on :
YOUR FINE,Good buy,imo
Posted by Livinonklendathu on :
In since .05, chart says next leg up is upon us.
Posted by JimSC on :
Great chart and volume.
Posted by NEL on :
I'm in too, from a few months back. Things are looking good.
Posted by imakmony2005 on :
up
Posted by blou on :
Seems to be holding!! Just need some news!
Posted by NaturalResources on :
News on the flow rates for the Hart #8 well are expected soon. Also in the works is the new NAV and the 10k. Don't forget the Phantom 1 rig is being moved to the new well site, so news potential there as well.
Lots of good news for AMEP coming IMO. Patience Grasshopper....
NR.
Posted by imakmony2005 on :
going for the .07s up up up.
Posted by imakmony2005 on :
looking good.
Posted by BeginnersLuck on :
In since .035 looking nice!
Posted by BeginnersLuck on :
It's movin!
Posted by JimSC on :
Great chart; just give the MMs a little more time to move.
Posted by buckstalker on :
I've been in this stock for a long time now and this is the strongest that I have seen it behave in a long time...won't be long IMO...
Posted by imakmony2005 on :
NICE!
Posted by imakmony2005 on :
GAPPER MONDAY!!!!!!!!!!
Posted by JimSC on :
Very stong uptrend has formed.
Posted by JimSC on :
Waiting for the PR this week. Watch it.
Posted by imakmony2005 on :
going up, strong trend going .
Posted by JimSC on :
The MMs might have known something.
Posted by imakmony2005 on :
sure looking good! LL2s getting stacked up up up.
Posted by blou on :
GOING UP!!! Looks like a good day for AMEP!!
Posted by imakmony2005 on :
ARCA stepped up her ask to .0985 she was at .082 for weeks. going up.
Posted by imakmony2005 on :
Sure hate a stock that just keeps going UP!
Posted by buckstalker on :
ARCA just went to .80 wouldn't that be nice...lol
Posted by imakmony2005 on :
Well guys 10% up not a bad day, and all signs point to UP TREND. IMO
Posted by Lucas Brachish on :
Looks nice... Glad I held onto this one from way back... thinking about trying to move out at .085.... what's everyone else look at for an exit point here? I don't want to be greedy, since I've missed chances to swing this before (might as well sell near the high and then get back in later).
Posted by imakmony2005 on :
bump
Posted by imakmony2005 on :
going up.
Posted by imakmony2005 on :
Good volume and moving up. Charts look great. Do your DD on this pup could FLY! IMO.
Posted by imakmony2005 on :
Do it, Check the charts, look at the news, now look at the TREND. KNOCK KNOCK WHOs THERE MONEY.IMO
Posted by JimSC on :
Expecting a great PR this coming week.
Posted by imakmony2005 on :
same here.
Posted by buckstalker on :
10K is out...
Posted by blou on :
What we've been waiting for!!
Posted by buckstalker on :
Looks good....
Posted by imakmony2005 on :
smoking!!!!!!
Posted by superman7 on :
about to blow on the 10k!!
i am in!
Posted by superman7 on :
amep doin' good, good news EPS=$.04 next energy play?
Posted by blou on :
AMEP is a great stock! Only one way to go with this one!
Posted by blou on :
volume picking up!
Posted by imakmony2005 on :
up 10% agian. going to the .25 range, imo
Posted by NaturalResources on :
Still waiting on news regarding flow rates for the Hart#8 well, start of drilling on the Nash-Murphy well, and plans for the Challenger 360 rig.
GLTA and DYODD, NR.
Posted by GVMOORE on :
The next AMEP. OMOG IMO
Posted by blou on :
looking good for the opening! Watch this one today!
Posted by RockLobster on :
i jumped in at 77..
Posted by Johnwayne on :
In at .079
Posted by blou on :
starting to move higher now!
Posted by The Doc on :
I have two choices but I decide to go all in..AMEP * .079 or OMOG *.0069. I chose AMEP. Is this thing going to blow up....is UBSS holding us down or what.
Posted by Johnwayne on :
The Doc- Same choice made here. And yes right now UBSS is holding us down.
Posted by The Doc on :
Looks like it's ARCA on the ASK HUGE at .084. How the heck are we going to blast through that?
Posted by The Doc on :
Looks like it's ARCA on the ASK HUGE at .084. How the heck are we going to blast through that?
Posted by Bland on :
As soon as my wire clears I plan on making a strong position on AMEP. The damn thing better clear before this one breaks loose!
Posted by R.A. on :
It's an excellent bet... all the oil companies will be huge on a short-medium period with the price of the barrel ewxploding. If it's not today, it's pretty soon!
Posted by Zosyn on :
UBSS sitting at .0811
Posted by The Doc on :
Sre you looking at real-time Level 2. If so, where do you get it and is it free.
I only use Allstocks free OTCBB Level 2 but it is delayed.
Posted by Zosyn on :
printed .082
Posted by Johnwayne on :
I don't see how we can get through ARCA and UBSS. They are stopping every run. Guess we just need to keep pounding our heads into that wall and hope they give in. Doesn't seem likely though.
Posted by farmgirl on :
anything is possible
Posted by Zosyn on :
currently using etrade pro, free level 2.
Posted by The Doc on :
ARCA and UBSS must not have any OMOG shares, but unfotunately I chose to go all in on AMEP.
Posted by gnulnx on :
UBSS doens't look to bad to me, but ARCA has 500 sitting at .084. Good news is we have some pretty solid resistance from the 130 SBSH is trying to buy at .079.
Hum.. We may need to have a significant drop in order to shake out ARCA.
Sheesh you just wanna find out who is selling and say look you dumb A$$ their is still ALOT of money to be made here so just chill!!
LOL Good Luck Everyone
Posted by buckstalker on :
ARCA's or any other MM's ask or bid size doesn't mean squat...
Posted by Johnwayne on :
Bid/Ask size counts but not as much as people think. Sometimes it is more a question of who the MM is rather than how big the size is. And UBSS has been hanging around like a Tiberian bat all day.
Posted by gnulnx on :
Why doesn't the bid/ask size matter so much? I would think on thin stocks like these it would matter more?
Posted by KublaKhan on :
quote:A Tiberian bat is a blind winged-mammal.
As a respectful insult, Midshipman 1st Class Peter Preston told Admiral Kirk that if he can't see that the Enterprise has the best engine room in all of Starfleet, then he's "as blind as a Tiberian bat." (Star Trek II: The Wrath of Khan)
For those who don't know, like myself.
Posted by Johnwayne on :
GNULNX - many times bid/ask size is a bluff. That's why it matters who's posting the big blocks but not how many. Gives you a little insight as to their intentions. A big block on the bid means they are trying to stimulate buying, but doesn't really tell you the amount of shares they want. A big block on the ask means they are trying to stimulate selling but again doesn't really tell you how many shares they have. That's why "who" has the big block is a lot more important than how many shares are in the block.
KublaKhan - I didn't know that. Just picked up the slang from my genious brother. Thanks for the information.
Posted by gnulnx on :
Thanks for the insight Johnwayne. That does make sense.
Posted by edbri871 on :
looking good
Bid .0818 Ask .082
Posted by buckstalker on :
American Energy Production Inc. Reports Fourth Quarter and 2005 Full Year Financial Results Stockholder Equity Increased 954% in 2005 Apr 19, 2006 2:22:00 PM MINERAL WELLS, TX -- (MARKET WIRE) -- 04/19/06 -- American Energy Production Inc. (OTC BB: AMEP) announced today the filing of it annual 10-K financial report ending December 31, 2005.
2005 Financial and Operational Highlights:
-- Net Income increased from (-$5,049,995) in 2004 to a positive $13,920,315 in 2005 -- Operating expenses decreased $939,415 in 2005 -- Interest expense decreased to $595,125 in 2005 from $3,820,828 in 2004 -- Cash flow increased to $471,339 in 2005 from $268,665 in 2004 -- Net asset value at beginning of period $.01; Net asset value at end of period $.05. -- Total stockholders equity increased to $18,577,714 in 2005 from $1,946,766 in 2004 Charles Bitters, President of American Energy Production Inc., said, "The Company is very pleased with the progress of AMEP and its wholly owned investees Bend Arch Petroleum Inc., Production Resources Inc. and Oil America Group Corp. The annual financial report shows the building of an oil company one lease and one oil or natural gas well at a time, while cutting debt and liabilities as the Company grows. AMEP assets have increased to $18,577,714 with the acquisition of oil and gas leases, drilling rigs, oil and gas production equipment and rolling stock the investees have accumulated in 2004 and 2005. The investees have positioned themselves to take full advantage of the historically high oil and natural gas prices."
2006 OUTLOOK
American Energy Production Inc. and its investees will be able to participate in many more oil and natural gas projects because of the ownership of its own drilling rigs. This rig availability allows Bend Arch Petroleum Inc. to select and drill Barnett Shale prospects that have the most potential for success. With 7000+ acres of Barnett Shale leases in the Ft. Worth Basin, which are held by producing oil or gas wells, Bend Arch Petroleum will continue to drill and develop its own leases as well as joint venture with other local operators.
Production Resources Inc. located in Medina County, Texas is continuing with the testing of AMEP HOA-800 on the heavy oil produced from the Olmas formation. With world oil prices at new record levels the Company will be able to extend the testing to promising areas located on the 1700 acres currently owned by PRI.
Oil America Group Corp., located in Dallas, Texas is becoming a very integral investee of American Energy Production Inc. Joe Christopher, President of Oil America Group Corp., is currently structuring oil and natural gas partnerships to raise money to drill Barnett Shale acreage owned by Bend Arch Petroleum Inc. Many investors recognize high oil and natural gas prices at the pump may be offset by investing in their own oil or natural gas wells.
ABOUT AMEP
American Energy Production, Inc. ("American Energy," "the Company," "we," "us") is a publicly traded business development company that is engaged primarily in the investment in other companies that acquire, develop, produce, explore and sell oil and gas. The Company anticipates that the companies it has invested in will be able to sell all oil that it can produce to petroleum refiners and marketers under the terms of short-term purchase contracts and at prices in accordance with arrangements that are customary in the oil industry. Our capital is generally used by our portfolio companies to finance growth and working capital.
FORWARD-LOOKING STATEMENTS
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.
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 by superman7 on :
AMEP..finaly breaking out!!
Posted by edbri871 on :
wow just had a 8.5 cent trade go through!
Posted by buckstalker on :
So much for ARCA's 500 size block...lol
Posted by Johnwayne on :
GNULX - were you thanking me for the block size information or the tiberian bat reference? Just kidding - good luck.
Posted by Zosyn on :
HOLY CHIT! That's an awesome pr!
"Stockholder Equity Increased 954% in 2005"
Posted by buckstalker on :
YES IT IS....
Posted by Johnwayne on :
Hey guys... I actually called it right for once when I said I expected a PR highlighting the 10k. Boy that's scary.
Posted by Hold-em-er-fold-em on :
8's are going to drop soon here!!
Posted by Johnwayne on :
Just printed HOD at .084, wait no just printed HOD at .085, wait no just printed HOD at .086, wait no just printed HOD at .0861, wait no jus.... ahh the hel with it.... it's running!
Posted by Lucas Brachish on :
Lookin' good -- too bad I sold yesterday at 79 (but profit is profit), didn't think we'd keep rising today. Good luck to all....
Posted by buckstalker on :
Where's ARCA now... .90
Posted by Zosyn on :
Volume went up 50% on the day (from 10 mil to 15 mil) in 5-10 minutes.
Can you imagine where this is going to go when 1) the news gets out 2) volume alerts are tripped?
Sit back, relax, have a beer, and know this will gap in the am!!!
P.S. by the time i finished typing this (30-40 seconds) volume went up to 16.5!!
:-)
Posted by farmgirl on :
.093 I want to see .10
Posted by Hold-em-er-fold-em on :
Volumes going crazy
Posted by Hold-em-er-fold-em on :
.099 is coming
Posted by edbri871 on :
20.3 million shares traded. Wow!
Posted by PCola77 on :
Little pullback here. I set a sell before lunch for a 25% gain for .98 but just got back and cancelled it. Glad it didn't get filled, I think it'll keep going up.
Posted by Bland on :
My wire will not clear until tomorrow morning... looks like I missed this one! Oh, and I wasted $20 on the wire...my e-check would have cleared in the am.
There may be a small chance of an AM position, depending on the gap size.
Posted by PCola77 on :
Just printed .10!!!
Posted by Hold-em-er-fold-em on :
here comes .10
Posted by Bland on :
This hurts to watch!
Posted by farmgirl on :
Just to stay honest. I am pulling enough here to cover all my cost and letting the rest ride. This has been a GREAT day so far.
Posted by Hold-em-er-fold-em on :
look at the buys coming in now
Posted by KublaKhan on :
I'm betting on a gap up tomorrow - no way I'm selling this now.
Posted by blou on :
Look at that volume!!!
Posted by PCola77 on :
Anyone have Level IIs? My guess is ther were a lot of pre-set sells at .10 that may tak e awhile to get through. I'm holding, hopefully enouhg people peel back to let it run.
Posted by gnulnx on :
Nope not sell'in here....hell no. I am a believer in not getting greedy, but this has a little run in it still. Look at a 3 month chart. It has been in a steady accumlation phase.
Cheers
Posted by Hold-em-er-fold-em on :
quote:Originally posted by PCola77: Anyone have Level IIs? My guess is ther were a lot of pre-set sells at .10 that may tak e awhile to get through. I'm holding, hopefully enouhg people peel back to let it run.
I think the sells were set around .099 alot came through at that trigger!
Posted by Johnwayne on :
MM's stacked up at .10. If we can break through that nothing much left to stop us.
Posted by Zosyn on :
quote:Originally posted by KublaKhan: I'm betting on a gap up tomorrow - no way I'm selling this now.
same here, holding til tomorrow. wait until this pr gets out.
not only the pr, but the volume. oh man, i wish i had more $ to through into this now!
Posted by superman7 on :
i am holding mine just doubled my position at .08 earier i have alot and holding everything for a while awsome pr huge numbers out!
Posted by gnulnx on :
Im not seeing much at .10. .12 looks to have some resistance, but still not really very much. Certianly nothing like what we have already taken out.
Posted by Zosyn on :
we've doubled the days volume in the last 30 minutes!
Posted by farmgirl on :
I still have 20K shares for tomorrow but they are all running FREE!!!!!!
Posted by Johnwayne on :
GNULNX - my level 2 has 15 minute delay so you are probably right.
Posted by Livinonklendathu on :
Cup formation back to .14 area then boom.
Posted by MillerTIME on :
Huge move here, watch for continauation into close and gapup
Posted by Johnwayne on :
Come on let's see a huge run EOD here! Close at HOD, huge volume, great news spells AM GAP!
Posted by Hold-em-er-fold-em on :
Fun to watch these MM's work this thing. ALmost predictable! LMAO
Posted by Johnwayne on :
Everybody going to hold this in anticipation of AM Gap? Anybody want to call close?
Posted by PCola77 on :
Too bad most of my money was tied up when I bought in this morning. 30% of $1000 isn't as good as 30% of $2500, but I'll still take it Posted by Hold-em-er-fold-em on :
IF we can loose these .0999 sellers we are off!
Posted by gnulnx on :
I am gonna hold it.
Here's what I would like to see. I run to .115 then consolidation back to .099-.10 range with 1 r 2 stong volume bars at the end. I don't want to run to .15 today because that will mess up the chance of irrational exceberance tommorrow. I like a nice quite finish with stong activity. am gap then huge run tommorrow.
Posted by edbri871 on :
I'm holding for quite a while. In at 7.8 cents at open with 65,000 shares. I predict a 12 cent close and a gap up to 13-14 cents at open tommorow
Posted by Johnwayne on :
Keep it steady above .10 for the next 1/2 hour than hope she might explode's EOD.
Posted by Hold-em-er-fold-em on :
10's dropping!!
Posted by BchOus on :
What a pleasant surprise! Does anyone know how high this might go?
Posted by farmgirl on :
My next goal is .13 and we will see from there
Posted by firefighterswct on :
quote:Originally posted by BchOus: What a pleasant surprise! Does anyone know how high this might go?
AMEP absolutely no resistance now to 14s
Posted by Johnwayne on :
If it gaps in am I will play the gap and sell, than buy back in with a smaller amount after the pullback. Gaps are tough to get out of though. I would love to see a nice steady rise tomorrow but gap is more probable if we get up to HOD close.
Posted by firefighterswct on :
hahaha blowing up can you smell GAPPER cause i can lol
Posted by Zosyn on :
buys, buys, buys and more buys!
Posted by The Doc on :
Just got back from lunch...it was .0811 when I left...what a surprise!
Posted by FIST13F on :
thats a good question where is this headed. Newbies first runner!
Posted by Johnwayne on :
Thanks Superman... another sweet call!! I think there is some resistence at .124.
Posted by Zosyn on :
resistance here at .112
Posted by The Doc on :
Just got back from lunch...it was .0811 when I left...what a surprise!
Posted by PCola77 on :
You ate lunch twice?
quote:Originally posted by The Doc: Just got back from lunch...it was .0811 when I left...what a surprise!
Posted by The Doc on :
Sorry, I hit the Back Button and it seems to automatically post....
In *.079..any predictions on the close?
Gapper?
Posted by farmgirl on :
.119
Posted by edbri871 on :
50 million shares traded today, wow! This is gonna be a gapper tommorow.
Posted by firefighterswct on :
quote:Originally posted by Zosyn: resistance here at .112
Technical resistance issent untill .14+
Posted by firefighterswct on :
heres the lil dip befour eod run....
Posted by Johnwayne on :
Should be alot of people jumping in expecting a gapper.
Posted by firefighterswct on :
copy and paste..I did it for edbri871 and myself.. 2 for Holding!
Posted by The Doc on :
Just saw 85,000 at .14. What was that?
Posted by Johnwayne on :
What did we close at? Scottrade streamer crapped out on me. Couldn't have sold if I wanted to.
Posted by FIST13F on :
Does anyone see this stock as capable of the .20 mark? Or am I going to be made fun of for suggesting something so insane? Be kind I am just a newbie and I am stuck in the worst part of Iraq. ha
Posted by NEL on :
I also saw .14. Closed at.116
Posted by gnulnx on :
FIST13F
Everyone watched
VRDM, IESV, HGSF, GSPI, and quite a few others in the last few day's.
I don't think anyone is going to laugh at you very much.
To be honest I like the way we closed. I didn't want to much of a run up today, because the 3 month chart shows a lot of potential for a 100% jump tommorrow. Of course it could just as easily go down. I just try to keep my emotions out of it. Although owning both OMOG, and AMEP today made it pretty damed hard to not get a little excited
See you peeps in the a.m.
Posted by KublaKhan on :
Scottrade had HOD at .14 but they just changed it back to .118
Posted by RockLobster on :
So close at or near HOD usually = gap in the AM!~ GLTA
Posted by Johnwayne on :
I am luke warm on close. But one way or the other we should see a run up in the am. Watch out for MM shake in morning though
Posted by BchOus on :
If the worth of the company has gone from 1.5Million to 18.5Million (rough figures), does that mean our stock is worth 17 times as much?.... Dumb question but it seems logical that the stock would be worth alot more.
Posted by Brutus2600 on :
Is 0.116 to late to get in on this? How high do you think this will run before dropping back down to the sub-0.10 range?
Also, you say watch out for MM shake in the AM, you think I could get some shares cheaper than 0.116, buy in ASAP, or just forget it for now and wait for it to drop back down?
Posted by DAYTRADER67 on :
This report was for the 4th quarter which should have been good ( amep ran to .14 after katrina) where is the earnings report for the 1st quarter. I say a quick bump up but it closes red jmho
Posted by Johnwayne on :
Brutus - I would wait for drop. Don't chase because it closed up 50% plus today. Daytrader may be right. We may see a head fake in the morning followed by a dip. With volume this big and with the close giving us mixed signals, it is hard to tell what it will do tomorrow. I for one am not expecting a big gap on this. Could be wrong. But at a minumim there will be a shake sometime in the am.
Posted by imakmony2005 on :
Very nice day.
Posted by buckstalker on :
Here we go with the predictions....lmao
Posted by Johnwayne on :
Buck- What are you seeing for tomorrow? Gap?
Posted by buckstalker on :
Hey Duke Like I said earlier today...I have been in this stock since it was at .016 sold half on the last run to .14 and I am still holding freebies...I still believe in this company and I'm still holding...About tomorrow??? I'll let you know when trading starts...I don't make silly predictions on penny stocks...(but I think it will gap up)
Posted by imakmony2005 on :
------------------------- It's all in the timing....
Posted by buckstalker on :
Yes it is imak...
Posted by sabah on :
watch for retrace tommorow into friday, depending on circumstances we may see gap on monday. as for me, i will be selling off all of my shares (all freebies) tommorow morning and jump back in after it sets up another base below .1 i cant afford to miss out on this profit, ive been down over 11k this year and cant afford to take this opportunity to make back my losses - others may find it more beneficial to wait before selling off but i cant afford to take the risk right now. good luck to you all.
Posted by Brutus2600 on :
This is a completely different stock, but I was invested in a stock at 0.085 a share waiting for a divy, and it rollercoastered from around 0.06 to 0.18 so I figured I'd just play those while I was waiting. Sold it at .12 when I thought it was going to turn around, but it went all the way up to .34, so I just don't want to miss out on something that looks like the same boat, hah.
Posted by madmoney on :
of course we realize this apparent increase in earnings is due mostly to an adjustment in the valuations of the companies assets without witch they would have shown a net loss on the year. unrealised gains dont equal real cash profits.
Posted by NEL on :
Maybe not this week but I'm guessing .25 soon. If you look back at the last big run went from about .04 to .14 all on speculation...we now have some decent facts and numbers so whatdo YOU think?
Posted by tonicma on :
This stock is a no brainer, heck all sub penny to penny oil stocks is a no brainers. That is why I have holdings in AMEP, PAPO,INSQ.
Love these stocks. Those who put moneyh in these stocks will become a multimillionaire.
Posted by edbri871 on :
Certainly way undervalued. Should be trading at 30 cents or more easily. 11.6 cents is a bargain, and this one will gap up in the am
Posted by skipdeez on :
a lot of talk about this. seems interesting. american bulls just posted a confirmed buy...
Posted by R.A. on :
So how are you gonna play it tomorrow? What are your expectations?
Posted by imakmony2005 on :
who are you talking to?
Posted by R.A. on :
Anyone that can answer... it doesn't matter... I want the people on the poll's opinion.
Posted by BchOus on :
I just toured their website, www.americanenergyproduction.com. Very impressive photos of well drilling, and well drilling equipment, which includes the challenger 360 rig that can drill sideways into shale. The director Charles Bitters had a 120K salary in 2004. Many other interesting aspects of a solid company. Post your thoughts on the company..I think it is worth investing in long term...
Posted by KublaKhan on :
American Bulls has AMEP as a buy confirmed
Then there is Stockta.com with this analysis
quote:Composite Indicator Trend Spotter TM - Buy
Short Term Indicators 7 Day Average Directional Indicator - Buy 10 - 8 Day Moving Average Hilo Channel - Buy 20 Day Moving Average vs Price - Buy 20 - 50 Day MACD Oscillator - Buy 20 Day Bollinger Bands - Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 9238900
Medium Term Indicators 40 Day Commodity Channel Index - Buy 50 Day Moving Average vs Price - Buy 20 - 100 Day MACD Oscillator - Buy 50 Day Parabolic Time/Price - Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 5530946
Long Term Indicators 60 Day Commodity Channel Index - Buy 100 Day Moving Average vs Price - Buy 50 - 100 Day MACD Oscillator - Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 4383911
Overall Average: 100% - Buy
It doesn't get any better than that
Couple that with today's headlines:
quote: April 20 (Bloomberg) -- Oil traded above $72 for a second day in New York after a government report showed U.S. stockpiles unexpectedly fell as the peak season for demand approaches.
and it makes you think AMEP (as well as other oil and alternative energy stocks) may prove to be much more valuable than a quick flip will allow you to obtain.
Posted by gnulnx on :
AMEP gapping in pre market!!!
8:54 90,000 shares bid 0.119 ask 0.12
previous close: .116
Posted by PCola77 on :
Doesn't look like it gapped at all. Interesting.
Posted by Brutus2600 on :
Down a bit, I see a dip and then it coming back, but volume is moving quickly. 4mil shares in the first 2 min.
Edit: Gapping down now
Posted by gnulnx on :
Yep wrong on the gap call. Honestly it is likely to perform better if it retraces and consolidates a little bit.
Posted by Johnwayne on :
I like no gap. It may move up slowly today which is fine. I always get caught in gaps. Haven't learned well enough how to play them.
Posted by Zosyn on :
strange. it gapped up initially then gapped down a bit, -.87% i think.
i think it'll retrace though, little shake here.
Posted by PCola77 on :
Almost all buys in the last 5 minutes or so though. that wasn't too bad of a dip (if it's over...)
Posted by Johnwayne on :
Close was not strong enough yesterday for gap. And what's with all the 500 share buys?
Posted by PCola77 on :
Weird trading. Almost all either buys or transactions below the bid. I don't get it
Posted by Johnwayne on :
It's firming up here. Maybe had quite a few sells when there was no gap. That would off set any buying pressure, which I fell is fairly strong but not overpowering at this point. I don't know which way this one's going right now but it seems to have settled down for the time being. Dang this is a tough game to figure out guys.
Posted by PCola77 on :
All buys now and has already run back past yesterday's HOD
Posted by Zosyn on :
I'm out with my profit and going over to OMOG!
Posted by PCola77 on :
Cingrats Zosyn and good luck with OMOG. I'm holding this one for a while still.
Posted by edbri871 on :
Bad move, it's starting to run!
But hey OMOG may run as well
Posted by sabah on :
its being chased up by those still trying to get in. if volume holds it all depends on how far people are willing to chase it before realizing its due to drop back down again - either way its good for us because we are already in. id hold off to accumulate more shares, this is definetely going to retrace again before it has its real run.
Posted by PCola77 on :
Anyone have Level II? Seems like some resistance at .12, but doesn LII confirm that?
Posted by Johnwayne on :
HOD boys! Glad I held and cancelled my order to sell half at .106. I leanred alot from VRDM the last few times I played that. When everybody was sure it would gap and didn't, there was a sell off and then it took off to new highs. When everybody was sure it would gap and it did, a vicious sell off shook me out.
Posted by R.A. on :
0.124!
Posted by Zosyn on :
Figures, as soon as I get out it runs up!
Good luck everyone!
Posted by R.A. on :
Volume building up nicely.
Posted by R.A. on :
www.otc-advisors.com: "Bulls in the Stable" CCGI, AMEP, OMOG, PAPO, ACMG Apr 20 2006 9:57AM ET otcstockexchange.com: BAQG, AMEP, OMOG, PTSC - OTCStockExchange.com Stock Alert Apr 20 2006 9:16AM ET Stockguru.com: Guru Alerts for Thursday, April 20, 2006 CHCG, AMEP, MOBL, IVOC. Apr 20 2006 7:16AM ET
Posted by PCola77 on :
volume = 20 million in about a half hour. Thats 4x 3M average volume. Wow
Posted by R.A. on :
It's gonna be nice IMO.
Posted by Schwabie on :
whats a good price to get in before the next run?
Posted by R.A. on :
Guys... what do you expect before the end of the day?
Posted by BchOus on :
Resistance is at .1453
Posted by sabah on :
this ask is getting chased like no other
Posted by R.A. on :
It might easely get over 0.15 today IMO.
Posted by edbri871 on :
R.A. wher on otc-advisory did you see: www.otc-advisors.com: "Bulls in the Stable" CCGI, AMEP, OMOG, PAPO, ACMG Apr 20 2006 9:57AM ET otcstockexchange.com: BAQG, AMEP, OMOG, PTSC - OTCStockExchange.com Stock Alert Apr 20 2006 9:16AM ET Stockguru.com: Guru Alerts for Thursday, April 20, 2006 CHCG, AMEP, MOBL, IVOC. Apr 20 2006 7:16AM ET?
Posted by R.A. on :
quote:Originally posted by Schwabie: whats a good price to get in before the next run?
Pullbacks like we're having now. .126 ?
Posted by R.A. on :
It will get back up IMO.
Early profit takers I assume.
Posted by sabah on :
up and down up and down up and down, this stock behaves the same every time
Posted by R.A. on :
I like the way it's behaving now!
0.136!
Posted by R.A. on :
And look at the volume and it's still early!
Posted by imakmony2005 on :
looking good.
Posted by Brutus2600 on :
I tried all morning to get in at 11, 12, and 13, gave up, came back and tried at 14 and got in immediately as it came back to 13.9
*sigh*
Posted by R.A. on :
It will go up up... volume is there.
Posted by farmgirl on :
Well I am lazy here in California and just woke up.(7am) I like waking up to days like today. GO AMEP
Posted by imakmony2005 on :
gonna go up fast, LL2s stacked.imo
Posted by sabah on :
what are l2's looking like?
Posted by gnulnx on :
A lot of people selling at 0.15. Suckers!
Posted by Brutus2600 on :
There we go, back to 14, I don't feel as sick now.
I've just been making some horrible decisions lately, I was hoping this wasn't one of them.
Posted by JL on :
AMEP looks toppy * .14s. Might get back in at .12
Posted by Brutus2600 on :
Nope, still feel sick, let the good times roll! hah
Posted by sabah on :
average down if you have the funds brutus
Posted by Brutus2600 on :
I will if it drops more, but still, would've liked it if I could've gotten in when I first tried this morning. I think if this can break 14.5 it'll shoot up another bit, so I don't feel to bad yet.
Posted by imakmony2005 on :
Get the dips. Small shake here.
Posted by sabah on :
volume has definitelyt calmed down a bit from the morning rush
Posted by imakmony2005 on :
Now lets go nice and slow up up up.
Posted by Johnwayne on :
Jerks!!! They got me to sell half at .126 and now it's moving back up!!! Oh well got to lock in some profits around 50% area anyway! MM's play this game well.
Posted by KublaKhan on :
We may have already seen today's high, but that's OK - higher highs will be attained in the near future.
Posted by The Doc on :
Are we setting up to blow through .14
MMs consolidating - getting ready for the run?
Posted by imakmony2005 on :
My guess EOD .17s lets see.
Posted by R.A. on :
This still will blow after lunch IMO. Just need the investors to fill up some energy and up!
Posted by sabah on :
damn its dropping like an anchor, i thought it would have hit hod at least once more before retracing for the lunch period...
Posted by gnulnx on :
WOW! Tank!!
Oh well. This is still a good long term play
Posted by PCola77 on :
Wow. What happened there? I just got out (was in yesterday at .0795) I'll get back in if it drops close to .10 again.
Posted by R.A. on :
Already back up... it won't hit 0.10 today IMO.
Posted by The Doc on :
Buying opp!!!
Posted by R.A. on :
Buy now before the afternoon run.
Posted by gnulnx on :
Ok going to lunch. Why don't you ladies and gentlemen run this one up to .14 by the time I get back!
Cheers
Posted by farmgirl on :
Reuters -
Oil jumped to a fresh record high above $74 a barrel on Thursday after a steep drop in U.S. gasoline inventories fueled fears of tight summer supplies at a time of growing anxiety over Iran's exports.
This can only HELP us for several days to come. It is amazing what happens to prices when fear is involved. Gas at my corner gas station has gone up 8 cents since yesterday.
Posted by imakmony2005 on :
ARCA sure is jumpy. lol, just follow the trend.its up by the way.lol
Posted by imakmony2005 on :
hmm 4 times the 10 day volume, nice.
Posted by R.A. on :
imakmony2005... may I say VERY NICE!
The afternoon will be very interesting.
Posted by imakmony2005 on :
The afternoon will be very interesting. yes it will.
Posted by blou on :
Good time to pick up afew shares in this!
Posted by imakmony2005 on :
All these stocks are getting hit this morning, Its what happens next! chart it, and follow the trend.UP
Posted by Johnwayne on :
I got out at .126 and .114. 50% profit. I may jump back in if it drops down in the .10 range. Good luck all. Hope she fly's for you.
Posted by gnulnx on :
Not bad Johnwayne. I am still holding for the time being. It looks like it is starting to consolidate. I think AMEP still has some upside in the next couple of day's. I did close my OMOG position fora 50% gain since yesterday. I also think it has some run left as well.
The entire market is acting a little anemic today.
Posted by RockLobster on :
yea i didn't get out in the 13's either, but ended up getting out around opening price.. a win either way
Posted by blou on :
American Energy Production Inc. announced successful completion of drilling operations by Bend Arch Petroleum's Ideco H-40 drilling rig, Phantom Rig I on the Hart # 8 natural gas well. The drilling depth of the Bend Arch Petroleum's Hart # 8 reached 3,257 feet, the target depth of the original well plan to test the Keechi Farms Strawn sand.
The Hart # 8 natural gas well was electrically logged on March 12 and petroleum engineers determined the well bore has five potential oil and natural gas formations. 5 1/2' casing was cemented to the total depth of 3,257 feet. The Hart # 8 well has been acidized in the Keechi Farms Strawn sand and on Monday, March 27, the well was fractured stimulated. Management and treating company engineers determined the frac job was successful and now the frac water has to be recovered to determine the natural gas flow rate. The frac fluid should be recovered in four to seven days.
The Ideco Phantom Rig I will be moving to a second well on the Palo Pinto 12 well project and a location with a Ellenberger or a Mississippi reef high determined by the extensive seismic shoot recently completed by Bend Arch Petroleum Inc. will be the target. The seismic mapping determined the location to be 70+ feet high to other Ellenberger formations in the area. The new well will be drilled into the Ellenberger Formation and then electric logs will determine if the unusually high formation will be a successful oil or natural gas producer. The Barnett Shale formation is above the Ellenberger formation and engineers will determine if a horizontal completion is also available in the Barnett Shale since this location is approximately 1,000 feet from the Murphy #1 Barnett Shale well that has produced over $1,000,000.00 since July of 2004.
Charles Bitters, President of American Energy Production Inc., stated, "The Company is very excited with the opportunities that the Phantom Rig I will give Bend Arch Petroleum and Oil America Group to drill and participate in many new natural gas wells and oil wells. We believe the Company will expand its operations dramatically in the next few months."
Posted by blou on :
4-20-06 Charles Bitters, President of American Energy Production Inc., said, "The Company is very pleased with the progress of AMEP and its wholly owned investees Bend Arch Petroleum Inc., Production Resources Inc. and Oil America Group Corp. The annual financial report shows the building of an oil company one lease and one oil or natural gas well at a time, while cutting debt and liabilities as the Company grows. AMEP assets have increased to $18,577,714 with the acquisition of oil and gas leases, drilling rigs, oil and gas production equipment and rolling stock the investees have accumulated in 2004 and 2005. The investees have positioned themselves to take full advantage of the historically high oil and natural gas prices." American Energy Production Inc. and its investees will be able to participate in many more oil and natural gas projects because of the ownership of its own drilling rigs. This rig availability allows Bend Arch Petroleum Inc. to select and drill Barnett Shale prospects that have the most potential for success. With 7000+ acres of Barnett Shale leases in the Ft. Worth Basin, which are held by producing oil or gas wells, Bend Arch Petroleum will continue to drill and develop its own leases as well as joint venture with other local operators.
Posted by imakmony2005 on :
LONG TERM money in the bank.imo
Posted by buckstalker on :
Anyone selling at these levels should not be allowed to play the market...or breed! MM's are stealing your shares...
Posted by imakmony2005 on :
yep
Posted by Johnwayne on :
Buck - am I allowed to breed if I already sold??? I already have two sons, do I have to give them up for adoption LOL!
Posted by farmgirl on :
I am attempting to get back in the game. T
Posted by buckstalker on :
It depends...did you sell below .13??? If you did then...yes give them up to someone smarter...lol
Posted by gnulnx on :
Let the game's begin. This is double down time. I have to agree with buck only a fool sells at this level.
Johnwayne you are still allowed to breed because you got out earlier. However if you want 7 or so virgins in the after life then now would be the time to buy! LOL
Cheers everyone
Posted by Johnwayne on :
Boy it would take bals as big as church bells for me to jump back in right now. I would have to hold until Tuesday open. But man I sure do sens a run. Somebody please plead the case for me to jump in here.
Posted by farmgirl on :
Oil jumped to a fresh record high above $74 a barrel AMEP assets have increased to $18,577,714
Speaks for itself. This stock like most oil stocks will only go up. I believe everyone should be in oil right now. Above are just 2 of the reasons.
Keep in mind this is just my opinion. I have many. That does not make them all right. But I do own 20K shares and triing to buy in again.
Posted by gnulnx on :
Here is the best technical case I can give you.
Look at a 2 day chart with hourly ticks. Notice something interesting about that volume?
Yeah me to. There is no volume on this sell off.
I would like to see us at least break even for the day to make the daily chart look a little more appealing. But regardless this puppy still has some play in it.
Posted by buckstalker on :
MM's are playing on inexperienced traders emotions here...they are manipulating lowlifes...i.e. a trade for 144000 just went through at the ask at .108 (a buy) next trade for 5000 shares at the bid...what happens next...they drop the bid and ask = MANIPULATION
Posted by Johnwayne on :
I think your right Buck. Gotta keep an eye on the T&S to make sense of it all.
Posted by buckstalker on :
The problem with these pennies is that too many inexperienced traders here fall for their BS....
Posted by gnulnx on :
Interesting to see ARCA in the Bid side today? Yesterday ARCA was trying hard to stop a rally. Today they are trying hard to stop a crash.
Oh well. I think farmgirl is right. Oil stocks are doing well right now.
I am trying to buy more at .10. Hope it goes through.
Posted by imakmony2005 on :
well i couldnt help myself got 10,000 more share.at .103
Posted by buckstalker on :
Look at a 10 min chart from 11:10 to 11:20...they dropped the pps from .133 to .119 on 2.2 mil in volume...
Posted by gnulnx on :
Level 2
SBSH 999 at .10 ARGC 102 at .10
This stock ain't go'in no where but back up.
I hope the suckers that sold are not the same one's that were buying above .12. But you know it's them. It is a crying shame to watch people learn the rules of this game the hard way.
Lets Ride this puppy is going up!
Posted by gnulnx on :
Placed an order for 20000 at .102. Doubt I will get it filled.
Posted by imakmony2005 on :
put one in under .10 if we dip that far i want more.
Posted by PCola77 on :
LOL, I just did the exact same thing, right down to # of shares
quote:Originally posted by gnulnx: Placed an order for 20000 at .102. Doubt I will get it filled.
Posted by farmgirl on :
I think you might just get filled.
Posted by gnulnx on :
Damn. I have a meeting to go to. Be back in an hour or so.
Posted by buckstalker on :
You guys believe in this stock and want it to go higher... but are going to sqabble over $60.00...(as he scratches his head)
quote:Originally posted by PCola77: LOL, I just did the exact same thing, right down to # of shares
quote:Originally posted by gnulnx: Placed an order for 20000 at .102. Doubt I will get it filled.
Posted by PCola77 on :
Good point. Just changed my order. Sometimes it's tough to see the forrest for the trees, as they say.
quote:Originally posted by buck*******: You guys believe in this stock and want it to go higher... but are going to sqabble over $60.00...(as he scratches his head)
Posted by DmnCndn17 on :
I just bought 8000 shares at .104, oh well
Posted by DmnCndn17 on :
Energy shares slip as oil retreats off highs
By Jasmina Kelemen, MarketWatch
Last Update: 4/20/2006 11:32:00 AM Data provided by
HOUSTON (MarketWatch) -- Oil and gas shares fell Thursday as crude pulled back in early trading from record levels reached overnight.
The Amex Oil Index ($XOI) dropped 1.8% to 1,142.04 points, while the Amex Natural Gas Index ($XNG) fell 2% to 420.67 points. The Philadelphia Oil Service Index ($OSX) shed 2.5% to 221.08 points.
In energy trading, Crude-oil futures touched a record level in overnight trading Thursday, then headed lower in the regular session as traders continued to eye developments in Iran and weighed concerns over U.S. gasoline supplies ahead of the summer driving season. See Futures Movers.
The independents led losses among the oil index's 13 components, with Valero (VLO) and Sunoco Inc. (SUN) both dropping more than 3%. Other big losers included major refiner Chevron Corp. (CVX), Amerada Hess Corp. (AHC) and Marathon Oil Corp. (MRO), each logging a loss of over 2%.
On the oil service index, GlobalSantaFe Corp. (GSF), Rowan Companies (RDC) and National Oilwell Varco (NOV) stocks slid more than 4%.
Noble Corp. (NE) reported first-quarter net income of $145.2 million, or $1.05 per diluted share, about triple the year-ago level of $45.4 million, or 33 cents a share. The offshore driller's operating revenue increased to $461.9 million from $310.3 million. A survey of analysts by Thomson First Call forecast earnings of $1 a share and revenue of $445 million. See full story.
Noble stock was last down 3% to $82.63.
In other earnings news, XTO Energy Inc. (XTO) reported first-quarter earnings of $467 million, or $1.26 a share, up from $166 million, or 47 cents a share, in the year-earlier period. Excluding some non-recurring items, earnings would have increased to $1.22 a share from 54 cents. See full story.
Revenue for the Fort Worth-based natural gas producer rose to $1.22 billion from last year's $629 million. Analysts surveyed by Thomson First Call had been expecting revenue of $1.26 billion, on average.
Posted by buckstalker on :
Hmmm...2 posts...1st one is that you bought the stock...2nd post is bad news about the sector...agenda?
Posted by sabah on :
lol
Posted by DmnCndn17 on :
LoL this is not a message board purely for persuading people to buy the stock is it? If it is i wont post any bad news, as if i had enough pull to sway the market anyways. Im as intrested in making money off of this stock as the next person. Posted by R.A. on :
So... it's gone below 0.10... is it a hold or not?
Posted by Brutus2600 on :
Well hell, we broke through the 10 mark that we thought wasn't going to happen. Great.
Posted by R.A. on :
What about tomorrow? Over 0.10?
Posted by buckstalker on :
Just don't understand your agenda thats all...seems kinda counterproductive...
Posted by DmnCndn17 on :
My agenda is to make sure all of the info is out there to make the most educated decisions. I hope im not the only one doing this!
Posted by R.A. on :
I mean the volume is pretty nice... I'm sticking with it at least until tomorrow.
Posted by PCola77 on :
Damn it, you cost me $60!!!!
quote:Originally posted by buck*******: You guys believe in this stock and want it to go higher... but are going to sqabble over $60.00...(as he scratches his head)
Posted by buckstalker on :
OK...then whats the good news...
quote:Originally posted by DmnCndn17: My agenda is to make sure all of the info is out there to make the most educated decisions. I hope im not the only one doing this!
Posted by farmgirl on :
It is already back over 10. What will tomorrow bring? Tomorrow is Friday.
Posted by DmnCndn17 on :
Well i think what gnulnx said was correct.
gnulnx Member
Member Rated: posted April 20, 2006 01:49 PM -------------------------------------------------------------------------------- Level 2
SBSH 999 at .10 ARGC 102 at .10
This stock ain't go'in no where but back up.
I hope the suckers that sold are not the same one's that were buying above .12. But you know it's them. It is a crying shame to watch people learn the rules of this game the hard way.
Lets Ride this puppy is going up!
Posted by sabah on :
i think they will push it up into close to get more interest for tommorow, we all know manipulation is their favorite game, and whats better than getting suckers to buy into a false run just to run it back down to accumulate more shares? mm's suck but occasionally they can make you rich we saw how fast they ran it down today, they can just as easily move it up like that if they wish.
Posted by buckstalker on :
I can't help it if there are this many IDIOTS out there selling...I am always amazed at how manipulating mm's and weak handed traders can phuck up a good run...
quote:Originally posted by PCola77: Damn it, you cost me $60!!!!
quote:Originally posted by buck*******: You guys believe in this stock and want it to go higher... but are going to sqabble over $60.00...(as he scratches his head)
Posted by redmax on :
Still a great buy. Look at the numbers
Max
Posted by R.A. on :
buck*******
Idiots are everywere Posted by skipdeez on :
been watching this for a bit. in for a little at .10
Posted by buckstalker on :
I know RA...I live near Detroit...
quote:Originally posted by R.A.: buck*******
Idiots are everywere
Posted by gnulnx on :
Good News: I got my .102 order filled!! Bad News: stock is tanking.
This is still very light volume. I am holding at least through tommorrow.
We had awsome news yesterday and this is just plain manipulation.
Posted by DmnCndn17 on :
Man i feel bad for this guy.
quote:Originally posted by Brutus2600: I tried all morning to get in at 11, 12, and 13, gave up, came back and tried at 14 and got in immediately as it came back to 13.9
*sigh*
Posted by Brutus2600 on :
I feel bad for him too, lol
Posted by farmgirl on :
I have been that person more than once. It SUCKS big time.
Posted by DmnCndn17 on :
LoL how did you end up?
Posted by gnulnx on :
Damn I wish I had enough money to shove this manipulated stock right back down(or up) the MM's throat.
Come on baby get some legs for the EOD!!!
Posted by sabah on :
they are seeming to like this 105 range, i hope they get a lottle carried away on the plus side before we see close
Posted by skipdeez on :
l2 ask
1x.104 2x.105 1x.107 6x.11
Posted by sabah on :
this has to move tommorow, i cant see why they would accumulate so much above a dime if they werent holding it here for that purpose.
Posted by gnulnx on :
It does look like a little wall at .11, but in reality that won't be much at all if she breaks up.
We dropped through .10 with a buy of 999...or so L2 said.
Posted by farmgirl on :
Would they let this run that well on a Friday or hold it till monday after they have shaken out the people that will not or are just afaid to hold on a weekend so they have to buy back in a little higher.
Posted by redmax on :
getting a nice base above 10 cents. Good for tommorow.
Posted by DmnCndn17 on :
Consolidation for a change to the upside maybe? Unfortunately im at work and dont have my software on the office computer.
Posted by skipdeez on :
quote:Originally posted by gnulnx: It does look like a little wall at .11, but in reality that won't be much at all if she breaks up.
We dropped through .10 with a buy of 999...or so L2 said.
you are right, slight wall. but i watched it bust through like 9x.13 this morning in about 5 seconds, the volume this generates can shatter walls with some buying pressure. MM's are playing, but so are we. GL!
Posted by gnulnx on :
farmgirl poses a very good question. My guess is it won't go down more than 10% more. Just a gut feeling.
I think redmax is also right. It looks like a descent base was formed around the .10 range.
Honestly I can see this one going either way tommorrow. But I don't see a HUGE drop at this point.
At the end of the day farmgirl is right in that oil is a great play right now and probably through the summer. Doubt I could hold a penny stock that long, but who knows.
Looks like we might close just under .10 as the day traders leave their positions. No volume tho.
Have a good night everyone.
Posted by farmgirl on :
If it drops 10% that would put us at about.09. I think we might even see a .0899 tomorrow. Either way tomorrow is another buy day for me. I am more then willing to hold through the weekend. This will go back up next week. All I have to do is look down the street to know thisis true. Gas wnet up .08 cents last night and another 3 cents since this morning in my neighborhood here in California. I will be glad that I can use my feet instead of my car to get as far as the computer to work this summer. I feel sorry for SUV owners. I saw 1 estimation that Reg. unleaded gas in California would go from 2.80 a gall to 3.50 plus by Memorial Day.
Posted by Brutus2600 on :
Well, why I bought into this stock so readily as soon as I found out about it is I'm about an hour away from Mineral Wells (their HQ). I've been seeing and hearing about all the wells they're putting up literally every place they can find. You can ask anybody and they personally know at least one person who has gotten contracts to put a well on their land and get a percentage of the proceeds. Right now this is a hot topic in TX and so I felt the stock was looking ripe for the picking.
Sure, it's down 4 cents from where I bought it, but I'm willing to hang in there, I definately see this heading back up soon.
Posted by gnulnx on :
Brutus, I know a drop like that hurts. I have certainly had a few myself. I used to try and buy the mid point of momentum rallies. Now I either catch them at the beggining or I wait for a big pull back...like AMEP today. I would rather miss a rally all together than accept the risk of buying at the top with the herd.
I think you may get your money back if you hold...heck I am betting on it with my own money as well! :-)
Posted by Brutus2600 on :
Haha, well here's a story about not wanting to buy in the middle of a rally (which is probably why I did today).
About a month ago TDFXQ was at .08, and every few months it would go up to about .16 and drop back down.
So I was in at .085 and it jumped up to .12, looked like it was going to drop back down so I sold, and it promptly went to .19 (I think something like a 2 year high for it, maybe more).
So I'm disappointed, but happy I made a nice profit. Until it continued on to .22, .25, etc., until it hit .33 and started slowly dropping again.
I'm happy it's dropping again so I can get back in, then at .23 (today) it jumps to .35, and 5 minutes later to .40.
I could've flipped this stock so many times it hurts to think about it, but then again hindsight is 20/20 *sigh*
Posted by DAYTRADER67 on :
I said yesterday it would close in the red.
Posted by lukin4winners on :
Seems to me that the value of this company with oil going into the stratosphere is one thing and the manipulation of it my the mm's is the reality. If people wouldn't be bid whacking they would have no choice but to let it go higher or get squeezed. Amep is one of the otcc oil companies that actually has some positive cash flow . I think it will soon start upwards once all the shaking is done. I wouldn't be surprised if it gaps up tomorrow after traders see the dailies and low entry.
Posted by tonicma on :
I got out of this stock and OMOG today. I sold OMOG the first half hour. AMEP I sold at the peak thanks to OMOG foreshadowing the plunge after the run up.
Take note of both the OMOG and AMEP charts, AMEP run up and fall was about 30 min right after OMOG.
So I sold all based on warnings fromOMOG. I might buy back next week after Oil settles a bit.
Posted by NaturalResources on :
IMO? Anyone who bought at 0.14 in October of last year that never got out, got their chance today. Hopefully they are all done and we move upwards from here.
Posted by DAYTRADER67 on :
Well even accounting for the people who were holding out for .14 to sell so they could break even it still doesnt explain the dip into the .09's.Imho amep will be back to the 07-08 range in 2 weeks.
Posted by imakmony2005 on :
weak hands got out, going up.imo
Posted by redmax on :
I think we established a nive bottom resistance. Should go up tommorow. This stock is definitely worth a heck of a lot more then 10 cents.
Posted by imakmony2005 on :
Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- otc-advisors.com's names Collectible Concepts Group, Inc (OTCBB: CCGI), American Energy Production Inc. (OTCBB: AMEP), OMDA Oil and Gas, Inc. (Pink Sheets:OMOG), Pangea Petroleum Corporation (OTCBB: PAPO) and Alcar Chemical Group Inc. (Pink Sheets: ACMG) its "Bulls in the stable."
Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Benacquista Galleries, Inc. (OTCBB: BAQG), American Energy Production Inc. (OTCBB:AMEP), OMDA Oil and Gas, Inc. (Pink Sheets: OMOG), Patriot Scientific Corporation (OTCBB: PTSC).
I think you may have to be a member to get the actual alerts as I couldn't find anything on the sites.
Last night while assesing my opinion of today I came to the conclusion that I still like AMEP, but I believe OMOG may be the better play today. In any event I am gonna ride out AMEP a little longer. I am a little more over extended in this stock than I would like to be, but I have banked 50+% on every other stock this week so I can take a little more heat than normal.
Good Luck Everyone.
Posted by DmnCndn17 on :
check out the Bid Ask guys.....lookin good.
Posted by lukin4winners on :
It would cetainly kick a$$ to get some more positive PR today.
In other news oils futures hit a record high last night and oil driller schlumberg (SLB)and haliburton (HAL) reported exceptional numbers.
Posted by gnulnx on :
9:27
Bid .103 Ask .105
Let's gap!
Posted by sabah on :
lacking that initial volume rush
Posted by Brutus2600 on :
Yeah, nothing like yesterday's 5 mil in 2 minutes
Posted by gnulnx on :
well we are over 1 mill already. not to bad.
Posted by DmnCndn17 on :
Hey lukin can you post that link My office firewall wont let me see it.
Posted by sabah on :
its starting to pick up some momentum now. only with some serious volume can i see this move the way it did yestarday, eitherway, all those shares bought yestarday will inevitably be sold off so i think we will see a rise in volume this am, perhaps people are waiting a short while to make their decisions on the markets feel today.
Posted by gnulnx on :
Here's lukin's link
AMEP DD: New video, Its from 4/20 yesterday, rumor has it there maybe a huge PR 4/21 today.. The well has gas... Hart #8
Once the frac water is removed they will be able to get real numbers from the well. The most important thing is that THIS IS NOT A DRY WELL, and they already have approval to drill the next hole. The permit has already been inked, and it's a done deal.
600 PSI on Hart #8 Meter..................WOW!!!!!!!!!!
AMEP owns 100% of the the 7000 Barnett acres. How?, upper zones that are producing include the deeper rights. THIS IS KEY as many much bigger O&G companies do not have anywhere near that %. The last 10K is NOT up to date on the above Barnett valuation. Rig rates in Texas are rising daily and $7000 per day is not unusual......know that that is d**n near net because demand is so high for any rig and the producer NOW pays all costs like mud, water, bits etc. That used to be included....no more.
AMEP:
1. wholey owns 2 drilling rigs with capacity to drill 8,000 feet...much deeper than the Barnett......read.... at least one rig will provide a great cash influx drilling for others and the other rig will drill for AMEP AT COST thus making the net bottom line, to pay off any company well, much smaller.
2. NO DEBT
3. As of today, AMEP's 7000 Barnett acres have NOT been evaluated as to it's true potential.
4. Very low overhead as the company has a very savvy CEO that is INFIELD daily running operations.
5. Upper Zones wholey owned that in themselves can sustain PPS increases in these climbing O&G rates....Thank you China.
6. Steel prices....read casing, pumpjacks etc. are rising 5% per month in that Barnett boom. AMEP has wells to plug to use in new wells...very important to the bottom line
7. AMEP owns a pipeline that is a revenue source. This is never talked about but is a cash cow.
DD by makeithappen on TradersCorner board.
Posted by DmnCndn17 on :
what are the real time L2's
Posted by gnulnx on :
ask 2x50 at .105 6x50 at .11 1x50 at .111
Posted by DmnCndn17 on :
thanks alot gnulnx
Posted by imakmony2005 on :
NICE START TO THE DAY HERE.
Posted by gnulnx on :
Look'in good. Volume and price rising together.
Farmgirl will be thrilled when she wakes up this am!!
Posted by farmgirl on :
I have been awake since 6am California time. I actually made it up before the market opened and yes I am thrilled.
Posted by sabah on :
resistance at .118? L2's?
Posted by PCola77 on :
Do you mind me asking what you use for Level II?
quote:Originally posted by gnulnx: ask 2x50 at .105 6x50 at .11 1x50 at .111
Posted by gnulnx on :
L2 ask
3x50 .119 6x50 .12
Basically this is no L2 resistance. These are just people taking a little off the table. Nothing wrong with that.
Posted by DmnCndn17 on :
Not sure if I'm missing where I should be looking or if you misunderstood my question. I was wondering what site you use for your Level II quotes. Is it somewhere on the site you just linked?
Posted by gnulnx on :
sorry PCola. I didn't see you last question...I was posting same time as you I guess.
I use L2 from my ameritrade account.
Posted by PCola77 on :
Oh, I didn't think Ameritrade did L2 for OTC and Pink stocks. Does it have it for all or just some, or OTC but not Pink?
Thanks, and sorry to bombard you with questions.
Posted by gnulnx on :
OTC yes.
Pink no.
Posted by imakmony2005 on :
LOL, The MMs are selling back some of what the weakhands let go, and for a nice profit too.going up lets get a new HOD for the weekend.
Posted by gnulnx on :
Looks like a mexican standoff.
bid 3x.112
ask 2x.115 3x.117
Posted by R.A. on :
This stock will be huge in the upcoming weeks. Price of oil continuing to rise, tensions with Iran which is the 4th biggest producer will make the price even go higher... this penny stock will be big in the upcoming weeks/months IMO.
Posted by gnulnx on :
R.A. I agree. I did just take some off the table at 0.116. I had a little more riding on this position than I was comfortable with. Still have over half my original position tho.
Let's ride.
Posted by skipdeez on :
quote:Originally posted by PCola77: Oh, I didn't think Ameritrade did L2 for OTC and Pink stocks. Does it have it for all or just some, or OTC but not Pink?
Thanks, and sorry to bombard you with questions.
a bit off topic, but I use alphatrade for my otcbb and pinksheet L2's. It's about $50 for everything, but you get intraday charts, news, filters, etc. I am very happy with it. They also give you a 7 day free trial to check it out. Ok enough advertising for them.
Go AMEP! Good luck everyone!
Posted by PCola77 on :
Skip, thanks for the "advertisement". I was actually planning to spend some time at lunch today tryign to find a better site for trading pennies than Scottrade, which is what I use currently. I know a ton of people have asked, so I was going to search the "Newbies questions" forum, but if Alphatrade has what you say and reasonable commission I may just look specifically into that one. Thanks.
Posted by redmax on :
Looking real strong. Almost 20 million traded so far and we are at 11.7 cents. Could really run up this afternoon!
Posted by skipdeez on :
quote:Originally posted by PCola77: Skip, thanks for the "advertisement". I was actually planning to spend some time at lunch today tryign to find a better site for trading pennies than Scottrade, which is what I use currently. I know a ton of people have asked, so I was going to search the "Newbies questions" forum, but if Alphatrade has what you say and reasonable commission I may just look specifically into that one. Thanks.
Pcola, sent you a PM, but I though about it and figured I would post it here for everyones info...
Alphatrade is just a quoting service. They, unfortunately, are not a broker. But they are great for real-time streaming quotes and L2's. I use Choicetrade for my broker, $5 commissions, trade OTCBB, pinks, big boards, whatever. No percentage commissions taken on big orders, straight $5 trades. Doesn't hurt so bad if you screw up a trade at $5. Very happy with both. Just some info for you from my experience. Good luck!
sorry for the off topic, go AMEP i'll post some l2's since you endured my ads
2x.117 2x.118 6x.12
Posted by Brutus2600 on :
I used Alphatrade for the free trial, loved it, just didn't have the $50 extra to spend a month. Definately liked how it was a web interface too and not a seperate program you had to download.
Posted by PCola77 on :
Skip, saw it and replied. Thanks a lot.
Posted by gnulnx on :
Looks like a brick wall at .12
Should be a quick run to .13 if we get past .12
Posted by gnulnx on :
ARCA keeps upping the ante on the bid at .119
This stock is about to explode!!!!
Posted by buckstalker on :
American Energy Production Inc. Announces Update on Bend Arch Petroleum Hart #8 Natural Gas Well Apr 21, 2006 11:48:00 AM MINERAL WELLS, TX -- (MARKET WIRE) -- 04/21/06 -- American Energy Production Inc. (OTC BB: AMEP) announced successful fracture stimulation by Bend Arch Petroleum's Hart #8 natural gas well on its Palo Pinto 12 well project. The completion depth of the Bend Arch Petroleum's Hart #8 reached 3257 feet the target depth of the original well plan to test the Keechi Farms Strawn sand.
The Hart #8 natural gas well was electrically logged on March 12 and petroleum engineers determined the well bore has five potential oil and natural gas formations. 51/2' casing was cemented to the total depth of 3257 feet. The Hart #8 well has been acid zed in the Keechi Farms Strawn sand and on Monday, March 27 the well was fractured stimulated. Management and treating company engineers determined the frac job was successful, and now the frac water has to be recovered to determine the natural gas flow rate. The Hart #8 well still has 150 to 170 barrels of frac fluid to recover, and the gas well flow should increase significantly. The Hart #8 has 600 PSI shut in pressure at this time. The flow line to the gas sales meter has been installed and other production equipment is ready to hook up to the well. The well should be selling natural gas in the next few days. Moving video can be seen of the Hart #8 well test flowing natural gas on a 8/64th positive choke at www.americanenergyproduction.com and www.oilamericagroup.com
The Ideco Phantom Rig I has moved to a second well on the Palo Pinto 12 well project on a location with a Ellenberger or a Mississippi reef high, determined by the extensive seismic shoot recently completed by Bend Arch Petroleum Inc. will be the target. The seismic mapping determined the location to be 70+ feet high to other Ellenberger formations in the area. The new well will be drilled into the Ellenberger Formation, and then electric logs will determine if the unusually high formation, will be a successful oil or natural gas producer. The Barnett Shale formation is above the Ellenberger formation and engineers will determine if a horizontal completion is also available in the Barnett Shale since this location is approximately 1,000 feet from the Murphy #1 Barnett Shale well that has produced over $1,000,000.00 since July of 2004.
Charles Bitters, President of American Energy Production Inc., stated, "The Company is very excited with the opportunities that the Phantom Rig I will give Bend arch Petroleum and Oil America Group to drill and participate in many new natural gas wells and oil wells. We believe the Company will expand its operations dramatically in the next few months."
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 oil and gas appraiser 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.
Oil America Group Inc. Joe Christopher 972-386-0601 www.oilamericagroup.com Posted by BuyTex on :
AMEP has news...
Posted by TheCreator on :
yup news out get in starting to run
Posted by skipdeez on :
sweet!
Posted by gnulnx on :
and now ARCA is gone? WTF?
Hum...something smells fishy to me.
Posted by sabah on :
American Energy Production Inc. Announces Update on Bend Arch Petroleum Hart #8 Natural Gas Well 4/21/2006 MINERAL WELLS, TX, Apr 21, 2006 (MARKET WIRE via COMTEX News Network) --
American Energy Production Inc. (OTC BB: AMEP) announced successful fracture stimulation by Bend Arch Petroleum's Hart #8 natural gas well on its Palo Pinto 12 well project. The completion depth of the Bend Arch Petroleum's Hart #8 reached 3257 feet the target depth of the original well plan to test the Keechi Farms Strawn sand.
The Hart #8 natural gas well was electrically logged on March 12 and petroleum engineers determined the well bore has five potential oil and natural gas formations. 51/2' casing was cemented to the total depth of 3257 feet. The Hart #8 well has been acid zed in the Keechi Farms Strawn sand and on Monday, March 27 the well was fractured stimulated. Management and treating company engineers determined the frac job was successful, and now the frac water has to be recovered to determine the natural gas flow rate. The Hart #8 well still has 150 to 170 barrels of frac fluid to recover, and the gas well flow should increase significantly. The Hart #8 has 600 PSI shut in pressure at this time. The flow line to the gas sales meter has been installed and other production equipment is ready to hook up to the well. The well should be selling natural gas in the next few days. Moving video can be seen of the Hart #8 well test flowing natural gas on a 8/64th positive choke at www.americanenergyproduction.com and www.oilamericagroup.com
The Ideco Phantom Rig I has moved to a second well on the Palo Pinto 12 well project on a location with a Ellenberger or a Mississippi reef high, determined by the extensive seismic shoot recently completed by Bend Arch Petroleum Inc. will be the target. The seismic mapping determined the location to be 70+ feet high to other Ellenberger formations in the area. The new well will be drilled into the Ellenberger Formation, and then electric logs will determine if the unusually high formation, will be a successful oil or natural gas producer. The Barnett Shale formation is above the Ellenberger formation and engineers will determine if a horizontal completion is also available in the Barnett Shale since this location is approximately 1,000 feet from the Murphy #1 Barnett Shale well that has produced over $1,000,000.00 since July of 2004.
Charles Bitters, President of American Energy Production Inc., stated, "The Company is very excited with the opportunities that the Phantom Rig I will give Bend arch Petroleum and Oil America Group to drill and participate in many new natural gas wells and oil wells. We believe the Company will expand its operations dramatically in the next few months."
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 oil and gas appraiser 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.
arca isn't gone just moved ask up to .14
Posted by skipdeez on :
quote:Originally posted by TheCreator: arca isn't gone just moved ask up to .14
he sure did, a big block too, good call, and good sign.
Posted by TheCreator on :
yup, brining it down a lil' over lunch to pickup shares for afternoon run hopefully
Posted by gnulnx on :
Yeah I see that he moved his ask to .14, but he had a 500 bid earlier. It was pretty eratic with size. I think it was more of a scare tactic against sellers than anything. As soon as the news posted he cancelled his fake buy and put his current ask at .14
Game time.
Posted by Brutus2600 on :
Man, having the L2's for a week and now not having them just makes me feel blind in the water. I'm definately going to have to see if I can find a cheaper L2 program.
Posted by TheCreator on :
arca moved up to .145 now lol
Posted by TheCreator on :
bids stacking up... arca leading the bids now.
Posted by buckstalker on :
mm's aren't filling orders at the ask...
Posted by TheCreator on :
should be a green afternoon, around 1pm eastern should be a lot more buys coming in.
Posted by buckstalker on :
MM's are trying to steal your shares
Posted by skipdeez on :
while they eat lunch...
Posted by buckstalker on :
Watch level 2's and T&S...they are buying anything that they can get, but aren't filling orders at the ask...only partials.
Posted by nexgen on :
And we have take off!!
---------------------- Think Long; Play Wrong
Posted by TheCreator on :
so did i call 1pm or did i call 1pm?
Posted by R.A. on :
NICE!!! Posted by PCola77 on :
I thikn people are just getting back from lunch and this thing may be about to explode. (Just cancelled my sell order tah I had set at .12, just in time...)
Posted by skipdeez on :
good call creator! they had to eat, now it's time to play...
Posted by R.A. on :
UP UP UP! It sure is going to pass 0.13IMO.
Posted by PCola77 on :
L2 anyone?
Posted by R.A. on :
oh yeah... still 3hours before close and the news are still hot and juicy... this thing will eplode!
Posted by nammer21 on :
A little overbought. Could dip soon.
Posted by R.A. on :
Dip and go up afterwards.
Posted by R.A. on :
so do you guys see it going in the 20's next week?
Posted by TheCreator on :
6 mm's on the bid now * .123 good sign
Posted by nexgen on :
I am comparing this stock to ERHE. We could get there!
---------------------- Think Long; Play Wrong
Posted by TheCreator on :
i hate nite and ubss always playing games.
Posted by PCola77 on :
uh, what happened to that .123?
Posted by PCola77 on :
Gotta love panic sellers.
Posted by TheCreator on :
buys coming in at the as steady then ubss and nite both drop it hard.. they do this **** all thetime.
Posted by skipdeez on :
hopefully they are trying to trigger some stop loss orders, and then they will let it go...
Posted by R.A. on :
lol I don't get it!
Posted by buckstalker on :
They are trying to steal your shares again...
Posted by R.A. on :
I like that idea... man this thing is gonna run... if it's not this afternoon, it's monday and next week.
Posted by sabah on :
this is typical, run it up to create more buying pressure and then drop it to get panic sellers to give them cheap shares, then raise it again and dump those shares and then drop and repeat. we will test 13's today definitely and perhaps even 14's depending on how volume holds up for the remainder of the day - and being friday its likely volume will be pumping until the bell.
Posted by R.A. on :
Sabah
Sounds good, no wonder you have 5 stars! lol
Posted by PCola77 on :
shake shake shake,
shake shake shake,
shake your booty.
This sucks...
Waiting it out though.
Posted by TheCreator on :
yup, i'm telling you nite and ubss are evil.
Posted by buckstalker on :
PERT is selling for someone...not doing a very good job for his client though...he is just driving the pps lower
Posted by R.A. on :
So... still expecting a big rise before EOD?
Posted by R.A. on :
Well... not as exciting as I thought it would be in the afternoon... :S
Posted by buckstalker on :
PERT...raise your ask and this might move...
Posted by buckstalker on :
I don't know how much risk others are taking on this stock, but I can tell you I am holding for a week or so unless I bank over 200%. This oil thing is a once in a life time opportunity to make a ton of money.
My other "real" plays are NBR (Drilling), RIG (Drilling), ADM(Ethanol, farming), and of course AMEP.
This has already been the single best money investing for me with these stocks and three other microcap ethanol/oil plays VRDM, GSPI, OMOG.
The current oil fears are going to be followed by oil shartages. The next 10 years in the USA are going to be a very interesting time. A lot of millionairs will be made while a lot of people hit utter poverty.
Good luck to everyone out there. Oh...BTW don't sell AMEP today...wait until monday at least. If you need to sell to a comfortable size position like I did then do that, but I really think this company has more to offer.
This is completely insane.
Posted by buckstalker on :
I am telling you guys... as soon as PERT (the dumbest MM I have ever seen) is done selling, this will move fast...
Posted by TheCreator on :
yeah pert won't move out of the way lol
Posted by PCola77 on :
Can you post L2? This is hard to watch. I'm still up a bit, but it sucks to see all your gains go away.
Posted by R.A. on :
gnulux
He's right. Oil companies are an amazing opportinuty... I said it many times and still will be saying it. AMEP will fly sooner or later.
Posted by ldbobby on :
Bid: 2x.1068 1x.106 4x.105
Ask: 1x.107 1x.1081 3x.11
Posted by gnulnx on :
It will not go below .105 or above .13
SBSH has a bid for 450 at .105 and an ask for 315at .13
Not sure what exactly they are waiting on here.
Hey MM's tell your friends to get their Dang money in so we can get on with the RALLY!!!
Posted by buckstalker on :
This will go as low as PERT's seller is willing to go...
Posted by buckstalker on :
This is just plain DUMB....
Posted by NaturalResources on :
The videos on the company homepage are a must see for anyone interested in AMEP.
IMO? Hold tight if you are a long, this company is the real deal. Don't be discouraged at the stubborn .10 resistance level we are experiencing, there is still plenty of good news on the way.
GLTA and DYODD, NR.
Posted by TheCreator on :
seemed the mm's were trying to pick up as many shares as possible for perhaps a run next week, only time will tell.
Posted by imakmony2005 on :
Nothing to stop it from going up at this point. IMHO, Monday gap and run,imo N- GAS gonna take off.
Posted by DmnCndn17 on :
I wish would have held on to more shares....only 4000 left Posted by DmnCndn17 on :
Financials came out this morning on EDGAR online. Monday should be interesting.
There strong, How i see it, and then look at N-GAS and Oil. nothing but upside.
Posted by TheCreator on :
very nice financials are looking good
Posted by redmax on :
Yea this baby should see a very nice gap up after those reports!
Posted by R.A. on :
Looking good, looking real good!
Posted by DmnCndn17 on :
Im not sure where to get out at lol, this is such a great stock.
Posted by TheCreator on :
can't wait til monday should show some nice green
Posted by DmnCndn17 on :
Monday morning....CBAY is definately on my wish list.
Posted by DmnCndn17 on :
17:18 ET Market Wrap The major averages closed in split fashion for the second day in a row as investors weighed a 2.1% surge in oil prices to record highs against more optimism on the earnings front among notable blue chips. More...
Numbers look good, iran still defiant, Morone Bin Looser makes a speech, oil down early but still really really high. I think today is a good day for AMEP.
I must admit that the longer the general stock market defies the price of oil and gold the more I worry about the economy. We are over due for a small recesion...I just fear that the longer it is post poned the worse it will be.
Any way picks for today are AMEP, OMOG, and TNOG. I may also take another small speculative position in GSPI.
Good Luck everyone. Maybe today is AMEP's day!!
Posted by lukin4winners on :
AMEP as soon as pert moves off the ask I expect some movement to the upside. The 10Q released saturday was very impressive no matter what the source was. How many otcbb stocks have that kind of balance sheet. Oil and energy stocks will be the hot topic for some time now and low priced high potential stocks like AMEP will be in the spotlight. It's still an mm's game but sooner or later demand will overcome mm resistance and that 14.5 AMEP resistance will come down and clear sailing after that. nice chart http://www.investorshub.com/boards/read_msg.asp?message_id=10793213 from IB
Posted by TheCreator on :
PERT finally moved off the ask ask * .11 now.
Posted by gnulnx on :
Up in pre-market. This one should run today fella's
Posted by imakmony2005 on :
yep lets run.
Posted by imakmony2005 on :
running............
Posted by DmnCndn17 on :
Pretty slow today
Posted by iamsparticus on :
Hey, Lee...dont that this UDSG dip scare you. Stick in there, it does this after split and will bounce back. Are you at work today?
Posted by DmnCndn17 on :
Nope, took today off, Midterm today. Im not dropping UDSG untill after the split
Posted by Brutus2600 on :
I always jump on the wagon at the wrong time. I really need to work on that...
Posted by DmnCndn17 on :
L2's anyone?
Posted by buckstalker on :
.106 x 5
.107 x 1 .11 x 2 .111 x 1 .112 x 1
Posted by DmnCndn17 on :
expected that....thanks buck
Posted by gnulnx on :
I'm out. Got cold feet. I expected this on to open and run based on the reported financials. moved on to TNOG for the time being. Still think AMEP is a good play, just not today. Good luck to you all. I will be monitoring this stock waiting for another good time to jump in.
Posted by R.A. on :
AMEP is behaving like a bad boy for now... the volume is nice... I guess it might go better during the rest of the day or week.
Posted by TheCreator on :
yeah... it basically sucks today.
Posted by InM on :
what happen to AMEP? Was at .107 when I went to eat now is .098
Posted by buckstalker on :
MM's stealing shares...fools letting them...
Posted by iamsparticus on :
What the heck is going on yall?
Posted by farmgirl on :
I think that with oil going up MM's are preparing. I see oil stocks going up it is the only direction they can go. Look at your local gas pump.
Posted by Brutus2600 on :
I look at my local gas pump and cry. I look at my oil stock and I cry. I just don't think I can win, hah
Posted by R.A. on :
Brutus LOL
It has to work on one side man! Just give it a little time!
Cheers.
Posted by gnulnx on :
I agree with Farmgirl, however I don't think you should under estimate how much they can fluctuate.
Also remember most of the money poring into oils stocks isn't going into penny stocks.
Posted by DmnCndn17 on :
i sold out with a 80 dollar loss. Ill get back in when the price is low. I raked my profits in when it hit .138. Im with gnulnx on this one.
Posted by R.A. on :
It appears we don't have the huge volume as last friday... how can this be?
Posted by iamsparticus on :
Because nobody is buying or selling. Posted by R.A. on :
Iamsparticus
Lol... very helpful, thanks! Posted by R.A. on :
I believe there's a lot of pumping on this one... that's why it's acting that way.
Posted by R.A. on :
It woud need a nice PR to put it back on a nice track towards the 0.20's.
Posted by R.A. on :
Look at that... below 0.10 for now... a lot of people will be selling this one... MM fill up their orders of cheap shares and see it running up this week or the next one... it's typical.
Posted by gnulnx on :
R.A. I think you are right. It is starting ot look attractive again. As long as it doesn't go as far down as .09 I think it is ok. This is just a blah day for oil stocks.
Posted by R.A. on :
There was big expectations about this one for today, but IMO the game is far from being over and we're just seeing the beginning of it. Hold on to it and it will pay off.
Posted by gnulnx on :
R.A. Have a look at TNOG. Look at the 3-4 year chart. It is showing a lot of promise over the next couple of months...based purely on chart speculation and past performance. I still like AMEP, but the prior runups are not nearly as consistant as TNOG.
Biggest drawback on TNOG for me is being a pink sheet. Ameritrade doesn't show level 2 for pinks and I hate trading pennies without L2.
Cheers
Posted by R.A. on :
Yeah I see what you mean... so your verdict would be to sell and wait for it to be more active... or to keep it on a short term (one week) and see what will happen. It seems to me the market has generally been slow today... but on the other side, AMEP has had a very low volume today compared to friday... must be less excitement about it. I'll se what happens tomorrow and take a decision at that time, but it seems to me to have a lot of prospect on a short term run with the oil price going up like crazy. I got in at 0.0795 si it's still not a loss... of course I could have sold it at the 0.135 we got last week... but I expected so much more out of it.
Posted by sabah on :
i got out half on friday at .117 just in case it pulled back today and i got out with most of my remaining shares (less 10k) as it was falling back down towards .10 from todays high. i dont think this week will be too productive for amep unless there is a pr of some worth - from trading this stock for over a year it has always ran in one week and then retraced the next, basically a week of mostly green and thena week of mostly red. i fully intend on jumping back in when i see activity is getting crazy again but right now i got my oil money in ndol amhd and tnog. if you are long term then i would still have faith, im still at a loss this year so i cant afford to have my money stagnant right now, but those of you holding for the future dont worry, this stock is destined to make new records for itself.
Posted by lukin4winners on :
This may take awhile but oil prices are not going away and AMEP is one of the better micro caps around. Once pert is off the ask and sellers are gone they will have to cover any shorts.
Posted by gnulnx on :
AMEP is up 1% in pre-market trading. I really like this stock. I may reenter the position today. I did take a position in TNOG yesterday as well.
Penny stocks scare the bejesus out of me the longer I hold them. They can just as easily plummet 75% as they can rise 100%...but that is were the potential profit lies.
Good Luck everyone.
Posted by Brutus2600 on :
This is definately going back down some more before it comes back up. I'm sure it will come back up, but the question is do I want to sell now hoping that in 5 days (time to wait for my funds to become available again) the price is still below 10...
Posted by iamsparticus on :
Listen folks...this is exactly the same things that happened on Oct 1, 05. Brutus...this will pull back hard and you will be in the red for awhile. If you have the ability to hold this for 6 months then you will be ok. I lost some on one of my accounts in AMEP and help it. I got my money back because I was able to ignore my loss for awhile. I do not see this thing running up anymore. If you do then I hope I am not stepping on your toes. We have received the PR's we have been waiting for that took months to get. We got what we wanted and we took the profits we got. This is a strong company (for the pennies) and it will get stronger but it takes time and effort. Stick it out or take your loss. If you stick it out....like I said, be prepared to look at 50% loss for 6 months. Sorry, but that is coming from personal experience from the last run. GL to you,
Ian
Posted by Brutus2600 on :
Well, unfortunately I can't hold this for 6 months. I'm out with a loss, but I'd rather have the money to invest in something else than keep it in AMEP while I wait for it to pop again.
Good luck to you guys though.
Posted by farmgirl on :
I do not think this will take 6 months. The way oil is right now. I do agree that we are not looking at this week.
Posted by BchOus on :
Saw some big sales go through this morning. Possibly this stock is being held at present numbers....I'm still holding....
Posted by imakmony2005 on :
hold it.
Posted by farmgirl on :
If it goes below .09 I will start buying some more
Posted by farmgirl on :
My order is in for .089
Posted by iamsparticus on :
im really praying you all took some profits from this last run. You are going to be hurting if you didn't...If you are just buying more to average down then I feel sorry for you. If you swung this play right then you might be in ok shape...But you better know the basics of reading MACD and Stochastic in order to do it...dont buy this unless you have a reason more than a gut feeling. Oil prices or not. Do you think we are making that much money off of 170 barrels of oil? Do the math.
Posted by R.A. on :
Just sold AMEP... up a couple of bucks... like 100$... I just didn't want to make a loss there... I might get back in when in stands on a harder ground.
Posted by trade04 on :
pillllagee of all stocks in market coming
Posted by Hold-em-er-fold-em on :
I agree sparticus,
This chart is starting to correct itelf now. This would be a goood time to watch and wait for a better level.
Posted by imakmony2005 on :
Keep selling people i will buy your share. lmao
Posted by iamsparticus on :
how are those shares coming IMAK? You have been in this for a little while now. You should know how this thing swings. Why not make couple grand here, couple grand there. I will be back in...just aint gonna watch that great run go to nothing is all...It made 125% in the last week and has darn near lost all of it this week...what is the point of holding profit? Sotck aint worth anything until you sell.
Posted by imakmony2005 on :
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.
Posted by R.A. on :
No man... it will be lower than 0.09...
I would wait for buying back.
Posted by gnulnx on :
I agree with you both iamsparticus and imakmony2005.
It was nice to make about a gran on the upswing, but imakmoney my question for you is why not wait and let the market tell you when it has found a bottom? Sure you might make 5% more by calling it yourself, but you risk much more by being wrong?
Of course everyone has to have their own trading styles and I do wish you the best of luck...'cause if it turns I will be right back in there with you.
Posted by imakmony2005 on :
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
Posted by imakmony2005 on :
Got 50,000 thousand shares at .086 lets see.
Posted by gnulnx on :
You might be right...it has had a significant selloff.
Posted by iamsparticus on :
I wish you luck. I dont mean to be negative. Just want everyone to be cautious with this right now. We dont want folks to end up like I did 6 months ago and dont want folks to be in Brutus's situation is all. It definitely will swing some more. Just dont get caught standing when the music stops is all. GL...
Posted by imakmony2005 on :
I just hate to watch MMs like ARCA picking up shares at .088 to .086 and then, they wont even sell till .135, so many newbs get burned.
Posted by iamsparticus on :
I agree with that too. I certainly did not sell my shares down there or got shaken up. I bought in last year at .04 and sold a bunch in Oct when it was at .13 but bought some at around.12 that I have had to hold for this long until it made its way up there again to not be in the loss.This time I sold half at .14, another half at .125, another half at .105 and am still holding 3000 right now for another run. 3000 aint really gonna make me much but its a couple hundred...that will cover my fees for buying and selling for the month though.
Posted by buckstalker on :
I just hate MM's like ARCA....period!
quote:Originally posted by imakmony2005: I just hate to watch MMs like ARCA picking up shares at .088 to .086 and then, they wont even sell till .135, so many newbs get burned.
Posted by imakmony2005 on :
same here buck.
Posted by Brutus2600 on :
Yeah, I would say that I don't want anybody to be in my situation either, but it's not really that bad. Sure I got out of this at a loss, but I know I'm a newb at this whole thing, so I'm only "playing" with money that I can afford to lose.
So, my advice to newbs, don't play with money you can't afford to lose. That way you might end up sad about the money you did lose, but you don't end up in the poor house.
Posted by imakmony2005 on :
Gotta pay for schooling, and this is stocks 101.and it aint cheap.lol
Posted by buckstalker on :
Yea...I never learned anything in the market by making money...but I sure as he77 learned by losing it...
Posted by imakmony2005 on :
yep.
Posted by imakmony2005 on :
hmm
Posted by R.A. on :
Sell confirmed on *************.
Posted by imakmony2005 on :
Im green.
Posted by Hold-em-er-fold-em on :
Business Editors / Energy Editors
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." More information and a streaming video can be seen at www.oilamericagroup.com or www.americanenergyproduction.com in the next week.
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 oil and gas appraiser 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.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES MERGER/ACQUISITION SOURCE: Oil America Group Corporation
CONTACT INFORMATION: 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 www.oilamericagroup.com Posted by FIST13F on :
I have been holding out I think this PR might right itself and head north again. Almost all oil stocks were red yesterday including the beloved NDOL. Dont listen to me though I am a Newbie.
Posted by Brutus2600 on :
Man, if this pops back up I'll be sorely disappointed for myself. Happy for ya'll, disappointed for myself :-P
Posted by skipdeez on :
Good news! I would love to see a run today...
Posted by skipdeez on :
up 16% so far today, let's go!
Posted by R.A. on :
Looking nice today.
Posted by skipdeez on :
UBSS and NITE are walking this back down, and will then let it go up a bit and then back down. They are doing the same thing with NDOL. Love playing games with MM's...
Posted by imakmony2005 on :
goooood news. imo
Posted by imakmony2005 on :
Going back up slow and steady, THATS THE WAY.
Posted by blou on :
Picking up volume and heading up!!!! Alot of resistance trying to hold it back but too good a stock to keep that up-it will soon break through.
Posted by imakmony2005 on :
YES, and all the MMs are at higher bids now to.hmm up i think.
Posted by blou on :
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."
Posted by blou on :
waiting for the flow numbers to come in for HART#8
Posted by imakmony2005 on :
This baby IS gonna rock.
Posted by FIST13F on :
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
Posted by sabah on :
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.
Posted by Monkeyman on :
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."
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?
Posted by sabah on :
$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.
Posted by imakmony2005 on :
FIST13F, Yes i am long and feel the sky is the limit once the company can meet its goals.
Posted by jdg257 on :
Did I read the financials wrong or did AMEP have 14 Million in net income. Was that from oil?
Posted by Monkeyman on :
Not sure. They seem to be really turning this company into a money making machine.
Posted by Monkeyman on :
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."
Posted by imakmony2005 on :
NOTHING BUT UPSIDE, BUY UNDER .10 BUT FOR HOW LONG? THIS WILL POP,IMO
Posted by imakmony2005 on :
nice shake out here.lol
Posted by imakmony2005 on :
imakmony2005 Member
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
-------------------------------------------------------------------------------- Posts: 4332 | From: san diego CA | Registered: Jan 2005 | IP: Logged |
Posted by imakmony2005 on :
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 |
Posted by imakmony2005 on :
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 |
Posted by Monkeyman on :
I'm looking forward to continued increases tomorrow!
Posted by imakmony2005 on :
SAME HERE.
Posted by gnulnx on :
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.
Posted by opieone on :
Yeah looks like even more news today.
Yahoo! My Yahoo! Mail Make Yahoo! your home page Sign In New User?Sign Up Finance Home - Help
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
from yahoo finance....
Posted by imakmony2005 on :
moving up pre market.
Posted by opieone on :
Yeah watching it also. Hopefully it is the trend for the day that would be nice.
Posted by buckstalker on :
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 by tonicma on :
Stock just upticked, time to next flight up
Posted by imakmony2005 on :
moving nicely up
Posted by opieone on :
looks like we could see .12 today
Posted by Windwalker on :
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.
Posted by opieone on :
Hmm it's moving on news of water. Not sure how much of an impact, but they sure do seem to be excited about water.
Posted by imakmony2005 on :
Need water to drill lets hope for that big run up over .25
Posted by ldbobby on :
Windwalker, I've found this helpful for a quick run of what graphs mean:
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.
Posted by KublaKhan on :
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.
Posted by SkyistheLimit on :
LOW VOLUME on AMEP!!! Why? I don't like the Low Volume!!! Any thoughts? Posted by imakmony2005 on :
ya MMs are locked and loaded its just when will they let this bad boy go.
Posted by gnulnx on :
I think AMEP is getting ready to run again guy's. It looks to have made a good consolidation around the .09 level. I'm back in.
2) Look at the 3 year chart. It shows a lot of price volatility. It also shows that AMEP is no stranger to the currnent price levels and that we are in a long term up trend.
3) Look at this 3 month chart. AMEP has a couple of points in history were it bounced off the 20 MVA and headed higher. It very much looks to be consolidating around the 20 MVA again. I suspect that a lot of technical traders are eyeing AMEP pretty seriously right now. the Friday homing pigeon candle stick adds reassurance that the uptrend should continue by bouncing of the 20 MVA
5) They have a nice informative web site with pictures of "real" hard assets. This is not a 1 person company like the CSJJ toilet I played the other day.
7) They have a couple of different projects meaning we have plenty of opportunity for more great news!
In my opinion AMEP is a solid company. Combined with the fact that it is in a long term uptrend and poised for a short term reversal and I think we have a winner. I'm betting on it!!
Good luck to everyone and of course the do your own due diligence disclaimer is in effect.
Posted by imakmony2005 on :
Going back up!
Posted by gnulnx on :
I tried to grab some shares with a low-ball offer this am...but missed it. AMEP is getting ready to run IMO.
Posted by gnulnx on :
That's right. Come to pappa!
Posted by Jo4321 on :
Bellweather.com and stockguru.com both have this featured this morning.
Currently at .084, this could be a good time to pick it up cheap for a run on oil price news.
Jo
Posted by gnulnx on :
Joe I don't see it on either site..can you post the links. Thanks
Posted by gnulnx on :
Time to re-load the boat!!! Its just to cheap.IMO .07s
Posted by QuestSolver on :
AMEP,CLBE and FMLY...all gappers tomorrow
Posted by imakmony2005 on :
Big buying op, IMHO
Posted by imakmony2005 on :
LAST CHANCE. UNDER .08
Posted by imakmony2005 on :
just about there.
Posted by imakmony2005 on :
CAN YOU FEEL IT?
Posted by gnulnx on :
It's looking good, but I'm all tied up in OMOG and PBLS.
Playing for a home run right now.
Posted by imakmony2005 on :
ya baby. BIG UPSIDE HERE.IMO
Posted by FIST13F on :
I am in this one for a grand...I'm in the red now but was it last June this bad boy was at .20's pps........I do believe it was! Summer is comming and this stock is goin up......Wish I had more dough to put in this right now!
Posted by imakmony2005 on :
YEP LOAD UP, YOU KNOW ITS COMING.
Posted by imakmony2005 on :
DONT MISS THIS.
Posted by Jo4321 on :
Ticking up this morning. Up 4%
Posted by imakmony2005 on :
Its starting to trend up. IMO
Posted by Monkeyman on :
I'm trying to get in at 0.075.... I'm not very positive about getting in at this level though.
Posted by imakmony2005 on :
UP IN PRE MARKET. .082
Posted by imakmony2005 on :
imakmony2005 Member
posted May 15, 2006 03:08 PM -------------------------------------------------------------------------------- Time to re-load the boat!!! Its just to cheap.IMO .07s
Posted by imakmony2005 on :
Issues a Morning Alert for American Energy Production Inc 5/18/2006
May 18, 2006 (M2 PRESSWIRE via COMTEX News Network) -- American Energy Production Inc (OTCBB: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. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
American Energy Production Inc a Business Development Company who invests in other companies that acquire, develop, produce, explore, and sell oil and gas this morning announced that their subsidiary, Oil America Group Corporation 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. American Energy Production Inc shares have been trading on very strong volume over the last few days and still no release of corporate developments. This company is currently trading up just over 5% to $0.084 as investors continue to bat this company back and forth buying and selling on small gains. I feel that the next few months should have a positive affect on the company as energy costs continue to rise with the summer months approaching. With no recent developments this company has the potential to make a big move in the next couple of weeks. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
To review research on small cap companies like American Energy Production Inc as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
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Posted by imakmony2005 on :
Just like last time.up
Posted by NaturalResources on :
New Pictures and Update from owner of AMEP stock who has visited the well sites.
This has been a great buying op under .06 im in big now. Going up IMHO.
Posted by NaturalResources on :
quote:Originally posted by IMAKEMONEY: This has been a great buying op under .06 im in big now. Going up IMHO.
The most telling picture for me on that update is the fourth one down from the top.
The caption reads:
"The nonexistent (also Phantom?) Hart #8 with two brand spanking new storage tanks and separator. Someone must think the well has potential considering the investment."
I work as a surveyor for a fairly large NG company. I have never seen the company I work for place a tank and separator on a well site unless it was capable of producing comercial quantities of NG.
According to the original poster, this picture is of the Hart#8 well as referenced to in the following AMEP PR:
"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."
Posted by IMAKEMONEY on :
Very nice NR, Lets hope were on to something here, Sure looks good to me and ive been in and out of this one 5 to ten times. Take profits.
Posted by IMAKEMONEY on :
Looking good.LL2s Stacked up.over .07 again.
Posted by IMAKEMONEY on :
Oil gonna run,JMO
Posted by IMAKEMONEY on :
HIGH VOLUME! WHATS UP HERE?
Posted by IMAKEMONEY on :
Jul 24, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include stock alerts for Summus Works, Inc. (OTC: SMMW), GVI Security Solutions, Inc. (OTCBB: GVIS), Sweet Success Enterprises Inc. (OTCBB: SWTS), US Biodefense, Inc. (OTCBB: UBDE), and American Energy Production, Inc. (OTCBB: AMEP)
AMERICAN ENERGY PRODUCTION, INC. (OTCBB: AMEP) "Up 9.48% at close on Friday"
American Energy Production, Inc. (OTCBB: AMEP), a business development company, invests in companies that acquire, develop, produce, explore, and sell oil and gas in the United States. The company has interest in certain oil and gas leases; oil and gas wells located on those leases; surface and underground equipment, pipelines, and other property and fixtures in or on the leases; and rights of way, leases, contracts, and agreements for pipeline compressor stations or boosters utilized in the operations of the facilities. These properties are located in Comanche and Eastland Counties, Texas in the United States. The company was incorporated in 2000. It was formerly known as Communicate Now.com, Inc. and changed its name to American Energy Production, Inc. in 2002. American Energy Production is based in Mineral Wells, Texas.
Posted by IMAKEMONEY on :
TO EASY.
Posted by Ripler on :
I got into this at .054 a while back... a run would be nice right about now Posted by IMAKEMONEY on :
buy under .07,jmo
Posted by IMAKEMONEY on :
buy under .07 sell at .07 its easy, just do small amounts.lol
Posted by Ripler on :
not worth it for me..my comission is 29$ from TD
Posted by IMAKEMONEY on :
ouch! change brokers
Posted by Ripler on :
im in canada..not so easy
any ideas?
heheh its true that if i didnt pay much comission id prolly be 2x as successful as i am now without the stinkin $29 "service charge"
Posted by IMAKEMONEY on :
BUMP,LOL
Posted by Ripler on :
shes lookin better
Posted by IMAKEMONEY on :
Lots better, PR may be on the way??
Posted by IMAKEMONEY on :
American Energy Production, Inc., a business development company, invests in companies that acquire, develop, produce, explore, and sell oil and gas in the United States. The company has interest in certain oil and gas leases; oil and gas wells located on those leases; surface and underground equipment, pipelines, and other property and fixtures in or on the leases; and rights of way, leases, contracts, and agreements for pipeline compressor stations or boosters utilized in the operations of the facilities. These properties are located in Comanche and Eastland Counties, Texas in the United States. The company was incorporated in 2000. It was formerly known as Communicate Now.com, Inc. and changed its name to American Energy Production, Inc. in 2002. American Energy Production is based in Mineral Wells, Texas.
Posted by IMAKEMONEY on :
Looking good on LL2s
Posted by IMAKEMONEY on :
nice up trend now.
Posted by farmgirl on :
What happen?????
Posted by IMAKEMONEY on :
Buy it under .07 sell it at .07, SMALL AMOUNTS,JMO
Posted by Ripler on :
yeah sudden drop
Posted by IMAKEMONEY on :
Buy it under .07 sell it at .07, SMALL AMOUNTS,JMO
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