This stock should have strong upward movement, if they start to communicate, once the vote is in. The reality is this, AMEP has not announced any new production or reworked wells since I have been on board in October 2005. This has been largely a result of the SEC review started in May of 2006. Talk about getting a running start.
Some people have listed the backlog of activities, which I will not repost. They should be significant.
Someone on this board posted an O & G stock, HMGP, which I picked up visibility recently at $.08, but I did not buy. Talk about a solid and steady movement upwards, in very strong hands. They are just reworking wells and communicating and the market likes the story.
I mention this because AMEP has a much better story, but for it to reach its price potential, it must COMMUNICATE. AMEP has the story line of 7000 rich acres of 100% NWI O & G, 2 drilling rigs, near profitability and positive cash flow, successful drilling expertise and the potential of a couple of gushers.
Again, AMEP must lay out this story and COMMUNICATE. We shall see!
