Nice note. Kind of like yelling fire in a crowded theater, on a Friday afternoon, just after the market closed. They wouldn't do that, or would they? Are they trying to intentionally depress, an already depressed, stock price?
It doesn't make sense, especially since they just announced the new Injection well, updated the status of Padgetts 11 & 12, which were a surprise, and formally stated the status of AMEP moving to an operational reporting company. Follow this up with the reentry of Nash-Murhpy #1 to investigate the Mississippi formation. We also know that, based on the TRRC filings, that AMEP has been adding leases, with one new drilling permit.
A lot of very, very positive things that we have been expecting any day.
I am betting/hoping that bigger things, than we expected, are/have developed.
I was thinking when TEXG was down and out, how if AMEP was positioned, they could have picked them up for a song. Not that they would have, but if they liked the properties, they could be positioned to do so. Maybe something like that.
With strong positive cash-flow from #11, #12, and the Murphy-Nash #1 rework, maybe this is the torch that started the fire. With all this disclosure coming out as to the production, they could be looking for protection as well.
We will see very soon.
