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Let's see
Could I trust someone who is holding over a million shares? I don't know why not. They wouldn't give you wrong advice.
CB wants this to keep going. He and his brother will tell you it beats selling BQ grills for a living.
Actually it was the mid 3s
And I did make money as I had been in it long before most of you knew it existed. Like I stated it is better to make a little profit than to watch it drop to nothing. I also owned more than many of you put together. It's the name of the game, you have to know when to throw in the towell. You also have to learn something on the way, like what's real and what's not. eom
Survivor I'm sorry.
Remember this, it's better to get something rather than to regret later when you can get nothing. eom
This one's done.
I don't think there will be any point of an R/S. It's over and only the blind can see it. It all bacame obvious about 8 months ago. eom
Once a well is completed it should go online in about a month. The only reason today a well should blow out is if someone just screws up and that is not good. This whole thing is a mess.
doc
Don't kick yourself. It happens. Some wonder why I kept on here, maybe you can understand now. eom
Sure that's smart
Vote out the people that have been running this and replace them with who? Folks Hundreds of miles away that can meet once in awhile.
The directors on a mom and pop like this one have to be close by and from time to time have to get involved. It's more than just a meeting in the evening. You guys on this board are so void of reality it amazes me. Do you actualy think anyone on this board qualifies or even would be willing to do all the traveling back and forth as well as the expense to the company. Another thing of you kick out CB how you going to find a good driller. It's hard to find good help that will work day and night on a rig and on the phone in the evenings. Get real. eom
Slip
I'm no driller. I lease to oil and gas companies. I believe in the mailbox theory. If you have a check in the mail it must be producing. I used to keep up with all that when I was younger, but now it just goes in the bank with not mucy fanfare. I do get a printout of the drilling logs on a day to day basis but usually just file them away. The last well drilled paid for itself in about 4 months. Not bad considering it was at about 12,000 ft. and cost about 1.5 mil. to drill. I guess it's just my past experience, but I've learned that with the small mom and pop companies if they can't get it together in a couple in a couple of years there has to be problems. That's what led me to checking this out more and eventually got me out. eom
Slip Wing
I will not disagree with you as I have seen some strange leases, but we should be able to agree that the leases amep have simply would not fall into that category. These are marginal wells at best, and the spacing requirements are set by the state railroad comission. I'm just saying be real and use a little reality here. Part of the problem is all the promises made not necessarily by the company but a few pumpers here over the last 3 years have simply put out false
and unrealistic expectations that now are reaping the wirlwinds. eom
Slip wing
What counties. What company? Just courious.
Also slip
You can't guarantee to drill so many wells in an area. If you drill into a dead zone and don't find oil and gas, why would you committ yourself to drilling two or three wells at over a million a pop. Your funny. I'm in Okla. if you are let me know I'll meet you and take you to some actual producing wells on my property and let you talk to some real oil folk. If you're going to act like you know what you're talking about you should learn something about it. eom
Slippery
I talk to someone from Chesapeake about every week. They lease up lots of sections that they never drill on. I have had them to lease a quarter for six years only to not drill on it and then not lease it again. You are in never never land. eom
Now for those who would like to know
When a company leases your land, they lease it for a period of time from 1 usually 3 years, but that can very according to the area. They offer so much an acre which is called the bonus and a percentage of the production anywhere from 3/16ths to 20 percent. They do not guarantee you they will drill so many wells, they don't even have to drill a well in that time period, but when the lease is up you can lease to someone else. And this is for you novices out there that are spouting about taking over the company and replacting the BOD and all that crap which is what it is.
ctb
If you guys listen to slippery wing and agree with him and follow his lead then you are as bad as he is, and it only tells me you know absolutely nothing about oil and gas and what is going on. I truly see you for what you are and others should also.
Slippery Wing
You have no idea what you are talking about. No idea. My family has been leasing oil and gas properties for over 50 years and you are wrong as rain. eom
I've got to tell you one thing
Yall need help. eom
The simple truth is
That this will never be worth anything but paper dreams. Just a typical penny game. I got caught in it, and all I can say is they are good as I of all people should have known better. It's no longer the dream of a lifetime, it is the nightmare of will I get away with anything. eom
I just can't believe that most on this board are arguing the facts that I did and they are not being deleted. I guess I was just ahead of the times. eom
Birds of Fire
Someone else can figure this again, but according to what I can figure a 1 to 25 would come to around 2.50 if this were a successful company, but with this one I'm afraid it could end up around .25 at best. That would be a devistating loss to all involved. eom
Birds of Fire
Forward splits are for growing companies to encourage new investors. Everyone knows what is going on here. They can say this or that, but everyone knows. What can you do? If you start selling then you drive the price down to nothing and some are holding alot of shares they can't aford that. They know that the R/S is a signal of death for a company that is in the shape of amep which can only predict revenues, which could equate to nothing. The R/S is the kiss of death.
Everyone knew something was wrong when the first wells were drilled, and it took for ever to complete, and then months have gone by and no actual reports on them. But holders here kept listening to the pied piper and reason went out the window. Then the removal from the BOD was touted when the actual reason was that under the BOD they had maxed out shares and were running out of revenue. But all the time some were saying they had plenty of money for drilling. Hogwash
Now it's the R/S. What more can you ask for to show this for what it really is? A bad deal going badder. eom
Oh don't start that again
Look where all the trips to Mineral Wells have gotten you. eom
Yes
This is a typical penny stock and is running the coarse. There is more talk about dishonesty, and lack of faith as well as no production reports, rummors of non existant monster wells capped off andR/S and who knows what else. Big blocks selling off would suggest some are deserting the boat. It's just a mess, and no one knows anything period. Like I said it is just typical penny land and sooner or later it comes to an end.
Don't you think this should show some semblance of revenue before you start talking about making it to the Nasdaq? This board is so void of reality it amazes me. eom
ctb
Mark my words, if the no vote wins, this board will be dead in 1 year. eom
ctb
Is it a crappy stock?
Ask yourself this, Look where you are now. It would seem that if this can't make it when the industry is at all time highs would bring a question to some. The other thing you have to realize is that for those who don't realize it the wells amep have are not considered good wells by any means. Let me put it another way. Take Chesapeake for example, they would not consider wasting their time and money in that area. Just the facts. My last well in Okla. puts out 1.8 million cubic feet a day, and that is a low average producer around here. Amep is struggling to make that in a three month period. Come on wake up for goodness sakes or aleast check what wells should do to be profitable. This is a mom and pop operation, and without CB it will never fly as he has to tinker will every well just to get something out of them and for most companies they would not waste time on them eom
winnotlose
Hit the nail on the head. I warned about this a year ago, but all the posts were deleted or ignored. eom
By the way,
If some would actually check things out you might understand why CB doesn't like Banks. You also need to understand that Banks do loan money to oil companies they trust and that are viable concerns. Greed is found everywhere, sometimes known as wise investments. eom
earlytimes
I look at it a little differently. The buy in is on an individual well basis. If the well makes then it will generate cash flow which will enable the company to engage in an active drilling program with cash on hand for the drilling projects without further partnerships. On the other hand if it is a dud, the partners take part of the loss and the company moves on at minimal loss to the investors. If they do hit productive wells, and amep gets away from the BDC, then it would be set up to develop the existing fields in a big way. I have always been able to participate in my wells, but have not as if and when at any time a well has to be reworked I have to pay my part, and I am sure that many who buy in don't understand that. I am sure that is the same with the amep deals, and in that area from what I understand wells have to be reworked often.
farm
How many acres of royalty on that location do you have? 160 acres will make several thousand $ at todays prices. The only way I can figure you only got $64 is if you have less than an acre or you are getting ripped off. Most royalty owners get 3/16s production. Sounds strange to me. eom
I find it hard to believe that there would be anyone still in this stock. Hard to believe.
Don't get me wrong here. If I did not think there was potential here I would not waste my time and money. I just don't post much, and do not want you to think I am a basher.
ctb
Many wells plugged and considered dry have gas, and would flame. That means nothing to me. That has nothing to do with flow rate or pressure. It looks good, but means nothing as far as I am concerned. I am not a novice on the subject, so I will just wait for something encouraging.
It makes no difference
How many wells are drilled. It makes no difference how many pictures are posted of sites on share price. What does make a difference is production numbers and wells on line. And as far as new wells drilled we have neither. I am, as I have been now for a couple of years waiting but we should have had the results of the first well by now. Good or bad we should know by now. This lack of info. tells me where we stand on number 1, I now wait for 2 and 3. It's the questions here that keep this down, and until there is some light on the subject we remain in limbo.
Did he say anything about production on the first well? It's good to see pictures of burn off, but until we know how much gas is flowing we are still in the dark. Folks are waiting. It's time to put some meat in this thing.
Off Topic
I guess I'm in the dark here. What happened to ragingbull?
Has anyone had difficulty getting on RB?
Any suggestions on investing in ethanol stocks.
I'll jump in here.
I just don't think some realize what the potential is here. This is not walmart stock.
This is what some miss. At todays prices a well producing a mcf of gas now just gas not figuring oil would bring in a gross of between 2 to 3 hundred thousand $$ per month. Now if you were conservative and only put 10 wells on line a year what would that equate to in a month? How about 3 million a month. Now what about over just 2 years. Now what would 40 wells be worth in 2 years. eom
Drillbit
Made it.