InvestorsHub Logo
Followers 300
Posts 33439
Boards Moderated 2
Alias Born 08/07/2004

Re: None

Sunday, 04/15/2007 3:30:05 PM

Sunday, April 15, 2007 3:30:05 PM

Post# of 44006
here's another worth reading

Thanks, Hawk. You know? It is interesting because I winged it off
the top of my head. BUT, the truth is that I have not tried to
contact CB over the last several weeks, I guess, because those
opinions that I expressed is how I see the situation in a nutshell.
Since I went down to visit with you last August and have spoken with
CB several times since, I have a good feel when things are going
well and when they might be not. Ever since the Padgett lease has
been frac-ed, CB has seemed to have a very positive bent on things.
The way I wrote it up is my gut feeling for the situation.

I see so many getting all bent out of shape as their emotions flow
with the general psychology of the share price. For instance, when
I posted that monstrosity I said that I was beginning to buy,
again...ie., I think that was a bottom of some sort.

I really do feel that AMEP is on the verge of some excitement at
this time, but we both know that CB holds his cards very close to
his vest. Look at all of the talk for the last 12 months about the
company being out of money, but CB has carried on doing the crucial
developmental work on the Padgett that must be done.

So, let's take a look at what Sabe said a couple of days ago about
a "buyout offer." If CB has the Padgett #11 about ready to go with
the #12 in progress......let's say somebody comes in with an offer
of 20 cents per share. What would/ could CB do? Well, he might
well immediately move to producing with the #11 and offer a PR
stating how undervalued the company is. If he were to announce a
series of PRs with the lead one discussing AMEP valuations, along
with potential #11 production, then follow with a PR on the
potentials of the Padgett based on what might be very strong #11
potential.........any investor who played "deal or no deal" with 20
cents would need to be incarcerated in an insane asylum. I think
with production from a very good Padgett well, CB could easily make
the case for a company valuation of 50+ cents as a base valuation by
the time the worth of leases was re-jiggered.

I am not saying that for this small company that chasing the
potential Mississippian High for instance is not important, but my
gut feeling is that CB sees massive opportunity in the Padgett lease
and has settled the bulk of his focus on it. How many investors
were up in arms or sold their shares in companies who were quiet,
just before very big announcements over the last few months? I have
seen very many in the PM sector. It is quite possible the same might
be said about AMEP, here and now. It takes a lot more work to get
things done down on the lease than many seem to understand, me
thinks.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.