I for one am going to agree with the comments of a timely PR. The stock price is in the toilet. We traded approximately 1.2 million shares, the last two days, for a total value of around $61,000. This is the lowest volume, I believe, since I bought over a year ago. All buying has dried up. On the other hand UPDA, who is 1/10 the company, puts out a little PR and they end up trading over 110 million shares valued at $11 million. $60k versus $11 million.
When I saw AMEP release the announcement last week, I said we have turned the corner. With all that they have going, I was expecting to see something that would start to establish a trend of deliverables that the market would get excited for. Five active well projects are just what we know of. Obviously, the announcement last week, in and of itself, did nothing other than to set expectation for numbers, at least, the stock price is reflecting that.
The long 4 month dry spell in PR's, coupled with the 9 month dry spell in announced drilling production successes, has not left my memory. I am very optimistic, but AMEP has some work to do in professionally communicating to its shareholders and the market place.
