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greetings from pt pleasant beach, nj. got here in time to party on the board walk at martell's tiki bar and jenk's last night. here on biz for a week and will be on the road... what timing, eh. i will try to log on to the net when i can. sending a happy mother's day wishes to all the mom's out there. :)
don't you worry pseekr... i didn't have too.
AMEP Strategic Investments
Revenue proco $ 86,704 bend arch $ 279,467
Financing Activities
There was no cash financing activities for 2007 compared to $226,420 of cash provided for the three months ended March 31, 2006. In 2006, the company had $193,920 of cash of net proceeds from the issuance of common stock and $32,500 of cash proceeds from the repayment of a subscription receivable.
Our principal uses of cash to date have been for operating activities and we have funded our operations previously primarily by incurring indebtedness in the form of convertible debentures and issuing common stock.
have a nice weekend all. and good move jendy.
lol. 10q is out and it's happy hr on the ihub :)
it's out!!!!!!!!!!!!!!!!!!!!!!!
what are you smoking pro? this has been trading sideways and these ups and downs you wrote about isn't currently happening. go to a terax for a day trading op going on now.
ps ~ you are a dimwit, of course imho
also ~ go and catch so more of your rays. rotflmao
may close sub $2.0/eom
wyolnvestor, i hear you and no doubt you're speaking from a wealth of experipence. but i do disagree with what you are saying because the rain does make a difference. one of the differences you've pointed out already, the hauling of water. some of the methods for a hydraulic frac job are: groundwater, the trinity and woodbine aquifers, recycling process using returned frac water by on-site distilling units, surface water, tanks, frac ponds, reservoirs, brazos river, creeks and others to name.
you've brought up a good point though because a drought is a drought and they've certainly have had one. it does impact the locals like you've mentioned and then some and of course everyone under the sun is blamming the drillers.
have a super weekend.
ps ~ last time i was in west tx and new mx, dec of 05 driving back to the seattle area on ih-10 from san antonio.
ty john new ~ here you go wyoInvestor: brazos river info
http://iaspub.epa.gov/tmdl/w305b_report_v2.huc?p_huc=12060201&p_state=TX
ah, i was refering to the co's liabilities. dd on the liabilities of terax, jendy. yes, good play at the annoucement which i missed. even a good flip play now on momo. and perhaps near term news for another run up... wish i had extra dry powder here :) to play with.
happy for you all who have and are doing nicely here. wishes for continued good luck.
heck depending how amep does near term i may get in here to play this stock.
wyolnvestor, did you see the pic with big 'ole river nearby one of the leases. pumps and pipes help alleviate trucking it in and also provide a big source.
jendy, the dd i have on this co is a bit scary, so i'm out while watching and learning. i'm not a basher...i'm currently on the amep thread here and the one on the rb board.
anyways, recent evidence to support my info tie in with the rs that occured ....
look at the verbiage here: "....the Company sold to Westar 9% of its issued and outstanding common stock at a price of $0.21 per share; and (ii) provided that as of July 15, 2007, there shall not be any bankruptcy or insolvency proceeding against the Company, a second closing pursuant to which the Company will sell to Westar 46% of its issued and outstanding common stock at a price of $0.21 per share. Pursuant to the terms of the Agreement, at the initial closing",.....
ok, so there's a 10 day cooling period to conduct dd...
i would check on their liabilities. if you would like to find out more i would suggest calling co's in texas who provide support in the o & g biz from puchin' holes to bringing prod. to the mkt and doing some digging.
thanks rheingoldbull, so it def the short sq play... flip n repeat n be happy :)
mom2jbk, are you trying to pickup some more last min cheap shares :) no, really...this stock is in strong hands. who would sell now at the current sp? you? me? not. and the mkt has been preconditioned to amep regrading lack of news, website, etc...
obviously we investors are more than ready and some of us more than others. let's see what the q does for us once it's released.
of course i'm at the show me stage... lets see some numbers!
thanks for sharing jendy. here's something for you and all others here; for your watch list. amep, 10q due out on the 15th and on the heels of a material event which occured in apr. recently exp'd golden cross... bb's are wound so tight it's ready to pop.
of cousre imho and this is not a recommendation, conduct your ownn dd. amep thread here is a great source for dd, unlike this thread and that's my opinion. i have more dd about this co from outside this thread (which is a bummer).
are you all in this by the TA's and the momo play?
Have a great day and tgif! :)
rook
good morning all. good luck on your buy-in jendy....if i may ask what was your entry point this morning? also maybe some mm manipulation going on...headfake.
yo bro, lmao. how are those fires? are they contained yet? and what's up with that storm, andrea?
good morning all and tgif! john new, you know the saying that whimpy did on popeye? gladly pay you tuesday for those shares today...lol, you all have to pick up some more shares at this level without me... i'm broke as a joke :)
your sunshine, ain't shinning if you know what i mean. by the way, i answered your day traders dream stock post, since you were off base there.
lol, i meant the source of the research conducted by twdb and the article ran in the mineral wells index. it's been a long day for me folks :)
let's hope the permit(s) for the saltwater injection well are approved already!
yeah tharmon, notice that source was no other than the tx water development board conviently run in the mineral wells index :) karma?
soonergirl, i remember your post on that... but you knew the 10q would be out and we'd have something. get ready. remember the past few qtly's were on time!
REVISED: :) lol, I figured you had dd and maybe saw something, such as on TA and fund.
orig post: may i pls ask what makes you think 5's will print?/eom
thanks... i'm lmao :) eom.
so who's in and out... who's playing day trader here? i wish good luck to those flippin' it. :) wish i had some discretionary funds to play with here.
exactly. today's trader dream is running now, terax. how was your bday mac?/eom.
ndol behaved the same way after merger news... and it was a day traders dream for days. terax is a "known" co/stock more so than some think but i hear you... i heard news and read a bit about this co a while back, not mention the fact that a friend gave me an fyi concerning terax at the time while conducting dd on another co.
of course imho.... but, i'm a watching. i hoping amep moves big as i'm somewhat loaded there.
couple of german mkt links i use:
http://www.finanztreff.de/ftreff/kurse_einzelkurs_uebersicht.htm?u=0&k=0&s=AMEP&n=AMER%2....
http://www.wallstreet-online.de/aktien/17932.html
good morning all. you want a day trader's dream that's going on right now pro, play terax.
good morning all. you knew it would....i think we all did. i don't see a big european buyer as this ir guy must've been blowing smoke. thus no break-a-way gap. good luck here as i'm still watching on the sidelines and learning. of course my boats loaded and looking for amep to do something pehaps as early as the middle of next week.
i'll be watching and making a post or two here today. gl all
there are no after hrs trading of the otcbb's.
REVISED: i see it, z 1.65 4000 OBB 16:12:59. shouldn't it be a settlement of someone's excution prior to the bell?
didn't know there were after hrs trading for otcbb's.
nice run at the end. anyone playing the flip?/eom
lol whichever. Breaking News!! Subtropical Storm Andrea forms off SE coast
Weather system appears 3 weeks before official start of hurricane season
Updated: 2 minutes ago
MIAMI - Subtropical Storm Andrea formed Wednesday off the southeastern U.S. coast, more than three weeks before the official start of the Atlantic hurricane season, forecasters said.
The year’s first named storm had top sustained winds near 45 mph and was centered about 140 miles southeast of Savannah, Ga., at 11 a.m. ET, the National Hurricane Center said.
Subtropical systems are hybrid weather formations that are usually weaker than hurricanes and tropical storms.
They share characteristics of tropical systems, which get their power from warm ocean waters at their centers, and more typical bad weather that forms when warm and cold fronts collide.
Several private forecasters have predicted an above average Atlantic storm season. The National Hurricane Center will provide its forecast on May 22.
The center lists the season as running from June 1-Nov. 30, but large storms do sometimes form before or after that window.
Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
what about the bio cars that run on cow manure? they have cars that can run a top speed of 90 mph on the dung. and it can easliy convert to human waste as well.
if one was a farmer, not necessarily cows mind you... i'm sure you could use your pig waste too, heck throw in the outhouse! then i would think that one could make out fairly well.
good morning all. littlebro, whether at oil wells or offshore oil wells, natural gas is a side prob or an annoyance ~ both. it is (viewed by that co) as an unwanted byproduct in the process of petroleum extraction. because of the cost associated to get the gas to the mkt and of being a valuable energy source to be transported and sold, natural gas is simply vented to the atmosphere or flared off.
techologies and infrastructure are helping to bring change.
good morning and a good move corvette man, i too wish you luck clearplay. i thought about a momo play but missed the boat on monday. i wouldn't touch this at all. i asked this thread/board for some dd share...not a recommendation but a synopsis or link to info. nobody provided one and that told me something from the git go.
a friend who was conducting dd in another o & g potential play talked with co's (probably providing various support from punching holes to mkt. he did not elaborate as it wasn't necessary) in texas. key here is terax was on everyone's a.r. list.
by the way so nice of mark anderson from westar to leak info on an european buyer and the stock hitting $15, the day's early.
gl, i'm on the sidelines.
i'm ready for the KA BOOM already....can you tell? kinda like the spindletop gusher in beaumont, tx.
SPINDLETOP OILFIELD. The Spindletop oilfield, discovered on a salt dome formation south of Beaumont in eastern Jefferson County on January 10, 1901, marked the birth of the modern petroleum industry. The Gladys City Oil, Gas, and Manufacturing Company, formed in August 1892 by George W. O'Brien, George W. Carroll, Pattillo Higgins,qv Emma E. John, and J. F. Lanier, was the first company to drill on Spindletop Hill. Three shallow attempts, beginning in 1893 and using cable-tool drilling equipment were unsuccessful; Lanier and Higgins had left the company by 1895. Anthony F. Lucas,qv the leading United States expert on salt dome formations, made a lease with the Gladys City Company in 1899. Higgins and Lucas made a separate agreement a month later. With Lucas in charge of the drilling operation, another attempt was made on the John Allen Veatchqv survey on Gladys City Company lands. Lucas was able to drill to a depth of 575 feet before running out of money. He was also having great difficulty with the tricky sands of the salt dome. Despite the negative reports from contemporary geologists, Lucas remained convinced that oil was in the salt domes of the Gulf Coast. He finally secured the assistance of John H. Galeyqv and James M. Guffey of Pittsburg. Much of the Guffey and Galey support was financed in turn by the Mellon interest; their terms excluded Higgins and left Lucas with only a small share of the potential profits. Nonetheless, Lucas pressed ahead in his effort to vindicate his theories. Galey and Guffey played a crucial role by bringing in Al and Curt Hamill, an experienced drilling team from Corsicana. Lucas spudded in a well on October 27, 1900, on McFaddin-Wiess and Kyle land that adjoined the Gladys City Company lands. A new heavier and more efficient rotary type bit was used. From October to January 1901, Lucas and the Hamills struggled to overcome the difficult oil sands, which had stymied previous drilling efforts. On January 10 mud began bubbling from the hole. The startled roughnecks fled as six tons of four-inch drilling pipe came shooting up out of the ground. After several minutes of quiet, mud, then gas, then oil spurted out. The Lucas geyser, found at a depth of 1,139 feet, blew a stream of oil over 100 feet high until it was capped nine days later and flowed an estimated 100,000 barrels a day. Lucas and the Hamills finally controlled the geyser on January 19, when a huge pool of oil surrounded it, and throngs of oilmen, speculators, and onlookers had transformed the city of Beaumont. A new age was born. The world had never seen such a gusher before. By September 1901 there were at least six successful wells on Gladys City Company lands. Wild speculation drove land prices around Spindletop to incredible heights. One man who had been trying to sell his tract there for $150 for three years sold his land for $20,000; the buyer promptly sold to another investor within fifteen minutes for $50,000. One well, representing an initial investment of under $10,000, was sold for $1,250,000. Beaumont's population rose from 10,000 to 50,000. Legal entanglements and multimillion-dollar deals became almost commonplace. An estimated $235 million had been invested in oil that year in Texas; while some had made fortunes, others lost everything.
The overabundance of wells at Spindletop led to a rapid decline in production. After yielding 17,500,000 barrels of oil in 1902, the Spindletop wells were down to 10,000 barrels a day in February 1904. Deposits from the shallow Miocene caprock seemed to diminish, but the Spindletop oilfield had not yet dried out. A second boom came when Marrs McLeanqv speculated that production could be found on the flanks of the dome. Miles F. Yountqv also believed more oil was present at deeper depths. Their convictions proved correct; on November 13, 1925, the Yount-Lee Oil Company brought in a flank well drilled to 5,400 feet. This and other discoveries on the flanks of the salt dome set off another speculative boom. The Gladys City Company participated with the Yount-Lee Oil Company and others in this second boom. Although this second wave was more controlled than the first, competition was keen; one particular one-acre tract sold for $200,000. By 1927 Spindletop production reached its all-time annual high of 21,000,000 barrels. Within five years 60,000,000 barrels had been produced, largely from the new-found deeper Marginulin sands of the flank wells. Additional deposits were found in the Midway (Eocene) formations in 1951. Over 153,000,000 barrels of oil had been produced from the Spindletop fields by 1985.
The discovery of the Spindletop oilfield had an almost incalculable effect on world history, as well as Texas history. Eager to find similar deposits, investors spent billions of dollars throughout the Lone Star state in search of oil and natural gas. The cheap fuel they found helped to revolutionize American transportation and industry. Storage facilities, pipelines, and major refining units were built in the Beaumont, Port Arthur, Sabine Pass, and Orange areas around Spindletop. By 1902 there were more than 500 Texas corporations doing business in Beaumont. Many of the major oil companies were born at Spindletop or grew to major corporate size as a result of their involvement at Spindletop. The Texas Company (later Texacoqv), Gulf Oil Corporation,qv Sun Oil Company, Magnolia Petroleum Company,qv and Humble (later Exxon Company, U.S.A.qv) were a few of the major corporations. The Spindletop oilfield again boomed in the 1950s, with the production of sulphur by Texas Gulf Sulphur Company (later Texasgulf qv), until about 1975. Salt-brine extraction became a lucrative operation in the 1950s. In 1963-66 even deeper oil production was achieved with an average depth of 9,000 feet. The old field continued in the 1990s to yield very limited oil production in the form of stripper wells and salt brine production. Some parts of the salt dome cavities were being developed as storage facilities for petroleum products. In commemoration of the importance of the development of Spindletop oilfield, a Texas pink granite monument was erected in 1941 near the site of the Lucas gusher. The withdrawal of oil, sulphur, and brine from beneath the surface, however, caused the Spindletop dome to subside, and the monument was moved to the recreated Spindletop/Gladys City Boomtown Museum across the highway on the Lamar University campus at Beaumont. The Gladys City Company, as well as many major oil companies, continued to reap the benefit of their involvement in the discovery of the Spindletop oilfield.
BIBLIOGRAPHY: James Anthony Clark and Michel T. Halbouty, Spindletop (New York: Random House, 1952). Everett DeGoyler, "Anthony F. Lucas and Spindletop," Southwest Review 30 (Fall 1945). George Fancher et al., The Oil Resources of Texas (Austin: Texas Petroleum Research Committee, 1954). Judith Walker Linsley and Ellen Walker Rienstra, Beaumont: A Chronicle of Promise (Woodland Hills, California: Windsor, 1982). Edgar Wesley Owen, Trek of the Oil Finders: A History of Exploration for Petroleum (Tulsa: American Association for Petroleum Geologists, 1975). Joseph A. Pratt, The Growth of a Refining Region (Greenwich, Connecticut: Jai Press, 1980). Carl Coke Rister, Oil! Titan of the Southwest (Norman: University of Oklahoma Press, 1949). Spindletop/Gladys City Boomtown Museum: A Guide and a History (Beaumont: Lamar University, 1992).
Robert Wooster and Christine Moor Sanders
REVISED, yet again: maybe a head fake here ~ i hear you. good luck with this...it appears that this is falling hard. it will be interesting tomorrow. European buyer?! that's insider info and that Mark Anderson fellow could be in hot water for even saying that...that's a pump & dump tatic to me. do you believe that...? i solicited somebody with dd and nobody here supplied it. i got info from a friend who knows a bit about terax... def on the sidelines now! don't want to get burned. gl all
i'm glad i stayed on the side lines on this... as i saw this yesterday morning and didn't act on a momo play. gl to you all, i'll be lurking.