Drillbit. I posted this about AMEP. Does comments part make sense to you?
Why this AMEP NEWS IS HUGE!
The last reason is the big one imo!
This is a 2000% increase from the past production history of the two oil wells.
Not only did the wells increase in oil production, the oil additive changed the physical structure of the oil, changing the gravity of the oil from 20 gravity to approximately 35 gravity.
The oil additive will possibly change the oil from South Texas sour crude to sweet crude.
This lease has 193 oil wells equipped and capable of producing oil. The potential proven produceable oil reserves on the lease is 62,000,000 barrels, and the Company believes only about 2% to 4% of these oil reserves have been produced over the last 20 years. AMEP plans to eventually treat all 193 of the oil wells and then have an ongoing treatment program.
American Energy Production Inc. is in the process of buying pump trucks and transports to treat the oil wells. This will make the Company self sufficient instead of relying on outside pumping services.
Charles Bitters, President of AMEP, said "This new heavy oil additive is very interesting and at this time has the potential to radically change the way secondary recovery of heavy oil is done in the future.
My comments........Being conservative here. If after testing they can continue to prove these types of results, or even half of these results, what is this additive worth to other oil companies?
I'll let you all be the judge of that.
But I'll say this much.
If test results continues even half as good, it won't be a penny stock no more.
That's not hype. Just fact!
AI
