Native American Energy Group Inc. (fka NAGP)

[jsc52033]

ltg when I buy into these pennies I first do as much DD as I can. This one has some good geological leases, and large acreage. The work over rigs should prove a plus. Those old rigs AMEP acquired appear to have given them some trouble, but now seem to be working ok. One thing about the oil patch is its slipery. Holes take longer to reach depth then forcast, equipment is delayed,workers get hurt, and then the big disappointment the hole missed its target by 400 feeet,or comes in a water hole or duster.I'm not sure if NVMG will rop much further. Buyers seem to be scared as rig is so late. Since I want a year or longer before selling 'm not worried and just keep adding a few 100,000 from time to time. Won't be long and I'll have 1% of the float.