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Post# of 44006
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mom2jbk

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mom2jbk

Re: ctb post# 13687

Friday, 11/17/2006 7:48:01 PM

Friday, November 17, 2006 7:48:01 PM

Post# of 44006
I saw this on RB and I quickly computed a hypothetical value for AMEP's 7000 acres at let say $13,000 per acre, or $91 million. Based on the shares outstanding, this computes to a PPS of close to $.185.

This does not even consider the value of the PRI operations or the company owned Rigs.

Management refuses to articulate the incredible value of the resources in house, which is disgraceful, as we sit at $.034 per share.
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