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Down again! No bottom in sight! Shameful
History shows constant late filings
Its unfortunate, management is to blame.
Excellent Contractor. You are correct. Lets see what AMEP has to say.
Business Wire (Tue, Sep 12) This week the oil storage tanks and pumping unit have been placed on the well location and full production is estimated to begin early next week.
My penny investment experience is that the air seems really out of the tire on this one, tire may not be replaceable.
Charles Bitters needs to address shareholders instead of shielding himself with Joe Christopher. AMEP shareholders deserve that at a minimum.
AMEP not responding and Oilamerica has yet to respond. Nobody posting seems to have any real answers.
Still no production news? Early next week was a mistake? anyone?
Real shame what is happening here. Let us know when AMEP comes out with production news. P.S. Don't, really, don't hold your breath while you wait!
Still no end to selling, CTB good luk to ya!
Last 6 month's share price dropped huge.
BTW production numbers are minimal really nothing in the scope of things
Huge selling coming soon. New low hit.
lod again on close--- shameful
No bottom with no production.
Bottom line- Investors kept AMEP afloat, management failed to do so yet.
Ther is no bottom in sight. Watchout!
CTB, No trigger for buying is the problem. Undervalued? Production would make that so, but no revenues = no value.
Investors feeling real pain today. AMEP needs to deliver production news!
6 month chart does look horrible huh CTB?
Company Man, ur correct. This is why its so important for AMEP and Oilamerica Group to follow through on this well. If not, I will be the first one in line with my lawyer at my side giving the company hell. My diligence shows no follow up from AMEP. Disturbing. Every release says how well the drilling went, pressure, frac, sand, studies, you name it, but no follow-up news. I do not believe Charles Bitters is a fraud. My opinion only, the past wells were failures. Your not gonna get press releases on failures. Call it bad luck, but the guy is trying like hell to get things started. We will all await patiently now for the production news.
That is all, Oilman1 out!
"Full production is estimated to begin early next week". Most thought with the lack of PR's that CB would release one this week. Not for nothing CTB, investors need some relief.
Why were we told production this week and we did not get it then?
Production news? anyone?
Patiently awaiting Production numbers as the PR stated. Early next week is nearly over now.
Oilamerica's website info posted tells me we are near big news. This well is gonna deliver oil and gas fellas and more good news to boot! BUY BUY BUY!
Notice --"begin early next week". That means, "as we speak"
Tuesday September 12, 6:19 pm ET This week the oil storage tanks and pumping unit have been placed on the well location and full production is estimated to begin early next week.
Based on this PR, news is to be expected regarding production.
Press Release Source: American Energy Production Inc.
American Energy Production Inc. Announces Off-Set Barnett Shale Well by Bend Arch Petroleum Inc.
Tuesday September 12, 6:19 pm ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Sept. 12, 2006--American Energy Production Inc. ("AMEP") (OTCBB: AMEP - News) announced today that its wholly-owned portfolio company, Bend Arch Petroleum Inc. ("Bend Arch"), completed the Nash-Murphy Unit #1 well -- an oil and natural gas, Barnett Shale well located on Bend Arch's Palo Pinto County, Texas twelve-well development project.
The Nash-Murphy Unit #1 natural gas well reached a total depth of 4,999 feet on June 10, 2006. The well was examined utilizing electric logging tools and, based on that examination, management determined that the well has five possible oil and natural gas producing formations. Production casing was run to total depth and cemented in place ready for completion.
Completion began on June 18, 2006 when the well was perforated in the Barnett Shale formation. The well was preliminarily treated with acid fluid and the well flowed back most of the treatment. On August 15, 2006, the Nash-Murphy was fracture-stimulated using a 4,500 barrel slick water frac including 75,000 pounds of sand. In the past several weeks, over 4000 barrels of frac fluid have been recovered from the well. This week the oil storage tanks and pumping unit have been placed on the well location and full production is estimated to begin early next week.
The Nash-Murphy well is located 1,400 feet from the Bend Arch Petroleum Murphy #1 Barnett Shale well that has produced over $1,250,000 of gross proceeds from the sale of oil and natural gas since August of 2004. This location was chosen using a seismic shoot done by Bend Arch in the fall of 2005. The seismic maps picked an Ellenberger high that had potential oil production. After electric logging, it was determined the Ellenberger formation was 100 feet high but the formation did not develop with either porosity or permeability, or have any presence of hydrocarbons.
Charles Bitters, President of AMEP stated, "We are very pleased Bend Arch Petroleum Inc. is maintaining its aggressive program of drilling Barnett Shale wells. The Nash-Murphy well has multiple pay zones that have the potential to produce oil and natural gas for many years, but as always the company will begin at the bottom of the well in the Barnett Shale and work to the top. With the current prices of oil and natural gas, this new discovery, 400 acres the company owns in that area, also adding other new potential productive formation beyond the Barnett Shale."
UBSS controlling all the selling. Funny no?
CTB must work in a library as a record keeper. CTB, How much has AMEP fallen lately? News can't even keep this pos up. Charles Bitters is in trouble!
Mr. Hawk, u must admit, the market is a non believer now until they really see results. Seems very unusual before a news release of production the price drops so dramatically.
From RBull, I know he is foolish but u have to wonder
By: pocketsmt101
14 Sep 2006, 07:43 PM EDT
Msg. 92010 of 92010
Jump to msg. #
The Nash-Murphy Unit #1 natural gas well reached a total depth of 4,999 feet on June 10, 2006. Completion began on June 18, 2006, On August 15, 2006, the Nash-Murphy was fracture-stimulated using a 4,500 barrel slick water frac including 75,000 pounds of sand.
Why were we not updated earlier, and why have we never been updated on the other wells? Why? Anyone?
Poor volume on great news, anyone?
TY CTB, I invest to win, not lose! How u invest puzzles me. My comments are because we never get a finish from Bitters, only a start.
CTB, DO you, Yes I do, you happy?