American Energy Production Inc(fka AENP)

[hayhauler]

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.