American Energy Services Inc. (fka AEYS)

[lifegear]

if it's worth $40M, why $267K market cap?

[lifegear]

$40M asking price? hmmm....still holding most of my shares

[lifegear]

nice chart here

AEYS up 40% macd turning bullish for a breakout imho...

[lifegear]

bid uptick...I hope we run soon...did anyone call the company contacts?

[powerbattles]

Very possibility, I'm not sure why the volume is all dry up. This stock could have huge potential up swing, excellence stock for type momentum players. It seen like some one out there is slowly accumulates. I have few good friend owned the machine shop in Houston and they all back log the orders big-time, I would assuming the company does really well too. Most shares here are holder by the insider and it’s seemed like they’re not concerned regarding their PPS. This company are consider a big boy in Houston I just don’t understand why absolutely no news since 2003.

[lifegear]

do you think we go up next week?

[powerbattles]

looking at the current trading I feel MM'S now are trying to gather shares before they let go. I hope we will see strong upward pressure again. GLTA

[californiagold]

Not sure... it will come back with strong volume again. Not many shares floating, so even 1m shares traded will put strong upward pressure on stock price.

[powerbattles]

wonder what happening to all the volume?

[powerbattles]

This one possible will do beter than WWEN eom

[powerbattles]

hard to dig more informations after years 03. I just wonder if Patrick S. Elliott still CEO of AEYS?

[californiagold]

Last SEC filing"

http://www.secinfo.com/dScj2.32a6.htm#1stPage

[californiagold]

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND


MANAGEMENT

The following table sets forth certain information concerning the
number of shares of Common Stock owned beneficially as of February 28, 1999 by:
(i) each person known to the Company to own more than five percent (5%) of any
class of the Company's voting securities; (ii) each director of the Company;
and (iii) all directors and officers as a group.


TITLE NAME AND ADDRESS AMOUNT AND NATURE PERCENT
OF CLASS OF BENEFICIAL OWNER OF BENEFICIAL OWNER OF CLASS
-------- ------------------- ------------------- --------
Common Stock Larry S. Elliott (1) 1,708,678.2 24.50%
5319 Mandell
Houston, TX 77005

Common Stock Patrick S. Elliott (2) 1,767,457.8 25.35%
2608 Green Tee
Pearland, TX 77581

Common Stock Mark P. Elliott 883,728.9 12.68%
3504 E. Circle Drive
Pearland, TX 77581

Common Stock Sidney J. McCarra 1,237,425.5 17.75%
1903 Orchard Country
Houston, TX 77062

Common Stock Cary P. McCarra 294,576.3 4.23%
2107 Shaly Breeze
League City, TX 77573

Common Stock All directors and 5,891,867.7 84.51%
officers as a group







Unless otherwise indicated, all shares of Common Stock were held
directly with sole voting and investment powers.



1. Includes 1,708,679.2 shares owned by the Larry S. Elliott Trust for the
benefit of Ross S. Elliott and Laura Elise Elliott, the children of
Larry S. Elliott. Larry S. Elliott, as trustee of this trust, has sole
voting and dispositive power over the trust assets.



2. Includes 1,767,457.8 shares owned by the Pat S. Elliott Trust for the
benefit of Mark P. Elliott, Shannon Elliott and Michelle Elliott, the
children of Pat S. Elliott. Pat S. Elliott, as trustee of this trust, has
sole voting and dispositive power over the trust assets.



The Company is not aware of any arrangement which might result in a change of
control in the future.

[californiagold]

HOUSTON, July 5 /PRNewswire/ --

American Energy Services Inc. confirmed today that the Company has begun trading on OTC under the symbol "AEYS."

"This is a day we have looked forward to for a long time," said Patrick S. Elliott, President of American Energy Services Inc. "It gives our shareholders a clearly definable value to their holdings and allows us to further increase that value. AES is actively seeking qualified acquisition candidates, which can expand the Company's base and present capabilities while better serving our clients needs.

[californiagold]

As was stated before, energy prices are skyrocketing and predictions indicate that this is a continuing trend for the foreseeable future. With AEYS' cutting edge valve technology already in place, combined with the new letter of intent recently signed, AEYS is well positioned to exploit new opportunities in the industry.

AES (AEYS) looks to place $30MM to $45MM of GRNO Plants
in Mexico over the next two to three years.

Rarely has SSII found a previously profiled company that is poised for expotential growth. AEYS, under the leadership of Pat Elliott, is making huge strides in the energy industry, especially in Mexico. Last month's news of the purchase by Parador del Sol S.A. de C.V. on the $4.5MM Environmental process facility has prompted staggering interest from the other industries that can benefit from the patented GRNO technology to convert waste oil into diesel and jet fuel. AEYS' President, Pat Elliott, says Mexico's new commitment to the environment under President Fox and Jorge Lechinger, Secretary of the Environment are real initiatives, not simply patronizing platforms. AEYS has been greeted on every governmental level with open access to information and new environmental objectives to help facilitate the installation of these pateneted plants.

[californiagold]

Key Energy Services keeps AES (worth $40 million!)

Almost sounds like a different co., but I am still digging... here is a later PR none-the-less.

Friday January 10, 2003

Key Energy reverses decision to sell Midland-based affiliate

By Julie Breaux
Odessa American
On second thought, Key Energy will keep American Energy Services, the company announced Thursday.
Key’s letter of intent to sell its wholly owned pressure pumping operation to an undisclosed party has expired, thus terminating the potential sale, company officials said Thursday.
In reversing its decision, Key officials said they believed Midland-based AES would generate more than the $40 million asking price during the next three to five years
AES, the fourth-largest pressure pumping service in the world, has been a Key subsidiary since Key acquired Q Services Inc. for $220 million several years ago, said Jim Byerlotzer, Key’s chief operating officer.
“As we were rolling Q into our operations, we sat down with (AES) management and became impressed with their abilities and their dedication to the business and said, “ ‘Hey, let’s keep it. It fits real well with what we do,’ ” Byerlotzer said. Key Vice President and Division Manager John Carnett will lead the operation from Midland. Carnett will report directly to Byerlotzer, the company said.
Byerlotzer said Key executives decided to keep AES because its products and services fit Key’s business strategy of being a one-stop shop for contract drilling and downhole services.
AES performs numerous downhole operations including cementing, fracturing, acidizing, fluid disposal, water hauling, industrial maintenance and pipeline testing.
Key provides well servicing, contract drilling and other oilfield services and is one of the largest well service companies operating in the Permian Basin.
Francis John, Key’s chairman and chief executive, stated that Key will cut AES’ operating costs by roughly $500,000 through streamlining and consolidation and then use AES’ assets to beef up Key’s well plugging and abandonment services.
Byerlotzer said the overall impact on AES employees would be neutral.
“It will be business as usual,” Byerlotzer said.
John said with an anticipated pickup in production this year, AES will offer “significant earnings and cash flow leverage. …”
“We believe that AES will be in a position to contribute meaningfully to Key’s operating results when onshore drilling activity picks up,” John said.
AES has 207 employees who work at its corporate office in Midland, at branches in Houston, Dallas, Oklahoma City and Tulsa, Okla., and in its six service districts located throughout the Southwest.
Key has grown from 29 well service rigs in Texas in 1988 to more than 2,000 rigs worldwide and has diversified into a wide range of other oilfield services.
It is now the largest land-based services company in the country, with more than 8,000 employees and annual revenues of nearly $1-billion.
The firm has operations throughout the United States, as well as in Argentina, Egypt and Canada.

[californiagold]

Key Energy bought American Energy Services in 2002, see below. AEYS (then AES) was listed on the NASDAQ and was a subsidiary of Q Services - Oilfield production services. They were sold to Key Energy Services (KEGS, also pink sheets company now) for stock in a deal orchestrated by SCF Partners.


FOR IMMEDIATE RELEASE: CONTACT: JOHN DANIEL
TUESDAY, MAY 14, 2002 [phone]

KEY ENERGY ANNOUNCES ACQUISITION OF Q SERVICES

MIDLAND, TX, MAY 14, 2002 - Key Energy Services, Inc. (NYSE: KEG) announced
today that it has signed a definitive merger agreement with Q Services, Inc. of
Houston, Texas. Q Services is one of the largest privately held production
services companies in the United States, with primary operations in Texas,
Louisiana, Oklahoma, New Mexico and the Gulf of Mexico. The merger consideration
to be paid is based on an enterprise value of Q Services of $265 million and
upon closing is expected to be immediately and significantly accretive to Key's
earnings and cash flow. Under terms of the merger agreement (and based on
current projections of the balance sheet of Q Services on the closing date), Key
expects to issue between $185 million and $190 million of Key common stock
valued between $11.00 and $13.00 per share. Closing of the acquisition is
subject to HSR clearance, completion of confirmatory due diligence and other
typical closing conditions.

Q Services has three lines of business: (i) fluid hauling services with
approximately 350 vacuum trucks, 700 frac tanks and 26 active salt water
disposal wells; (ii) pressure pumping, acidizing, and cementing services, which
operate under the name American Energy Services; and (iii) fishing and rental
tools, which operate under the name QTS Fishing and Rental tools and are located
primarily in the Gulf Coast region. As Key and Q Services operate in adjacent
and/or overlapping locations, the merger should result in significant synergies
and cost savings estimated to be up to $10 million annually.

In addition to the earnings and cash flow accretion, the acquisition will
further strengthen Key's balance sheet. The Company's net debt to capitalization
ratio at closing is expected to improve to approximately 38% from 41% at March
31, 2002. The combined companies will have approximately $1.5 billion in assets
and approximately 1,500 well service rigs, 2,050 oilfield service vehicles,
2,000 frac tanks, 120 disposal wells, 79 drilling rigs, expanded fishing and
rental tools, and a substantial, high quality pressure pumping business.

Francis D. John, the Company's Chairman and Chief Executive Officer commented,
"This acquisition meets all of Key's stated growth objectives: (i) the
acquisition is accretive; (ii) the acquisition further strengthens the balance
sheet; (iii) the acquisition expands the existing product line; and (iv) the
acquisition significantly adds to cash flow. Q Services, under the leadership of
the Johnson family and the outstanding efforts by its employees, has established
itself as a premier oil and gas production services company. Many of the
services offered by Q are complimentary to Key's existing services."

Mr. John continued, "After closing, we will be even better prepared to serve our
customers - we can deliver an increased range of services, bring a larger base
of equipment to bear and allow our customers to enhance their profitability by
reducing the number of vendors they must use. And, for our shareholders, this
transaction will continue to strengthen and improve Key's solid strategic and
financial position. As stated previously, we will make acquisitions that are
strategic and accretive, that strengthen the balance sheet, and that allow us to
more fully serve our customer base."

KEY ENERGY SERVICES IS THE WORLD'S LARGEST WELL SERVICE COMPANY AND OWNS
APPROXIMATELY 1,478 WELL SERVICE RIGS AND 1,641 OILFIELD SERVICE VEHICLES, AS
WELL AS 79 DRILLING RIGS. THE COMPANY PROVIDES DIVERSIFIED ENERGY OPERATIONS
INCLUDING WELL SERVICING, CONTRACT DRILLING AND OTHER OILFIELD SERVICES AND OIL
AND NATURAL GAS PRODUCTION. THE COMPANY HAS OPERATIONS IN ALL MAJOR ONSHORE OIL
AND GAS PRODUCING REGIONS OF THE CONTINENTAL UNITED STATES AND IN ARGENTINA AND
ONTARIO, CANADA.

[californiagold]

AEYS - genuine valve company based in Houston, Texas. Huge demand from petroleum industry refitting refineries and building of new oil and gas pipelines.

-Valves are used in refineries, oil & gas pipelines, and water system delivery systems. All fast growing and high demand area.

-Current shortage of rigs, refineries, crews for rigs, tools, large equipment and other supplies for O&G industry also applies to AEYS valves product line. Look for coming news about strong backlog in orders and record revenue.

-Company is certified by American Petroleum Institute Q1 (Quality Assurance Program).

-Small float of 22 million shares valuing entire company at $800,000.

See link for website, video and chart.

http://www.investorshub.com/boards/read_msg.asp?message_id=10970580

This company has huge potential for outfitting growing petroleum industry. Do your own DD... Please post more information about this company. Can't wait for Monday. With low float stock should soar as those lucky enough to have shares won't part with them for such a low price. Watch for some strong gains.