American Energy Production Inc(fka AENP)

[lovethatgreen]

Giving bitters lead around the PR issue at present is because of this,

merican Energy Production Inc. is a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in its 'investee.' A BDC company does not consolidate financial statements with its investees and each investee operates independently.

The value of a BDC is derived by adding the value of each of the investees. In the case of AMEP, each investee's oil and gas leases and producing properties and equipment will be evaluated by a oil and gas appraiser and then the independent members of the Board of Directors of AMEP will use this information along with other relevant facts and arrive at a value of each investee and the complete BDC.

This follows after all PRs.


now that is not the case any longer or at least it will not be as soon as it is official and then the PRs will be worded differently I suspect.

I don't know. What I do know is as I said earlier. It's always something. The gag order has worked well for them up to this point because it has just been a series of fckups with nothing to report. Hopefully that will change or has changed before NG isn't a commodity anymore or... I die before fruition.