Aspen Group Resources (ASRPF)

[Amaunet]

The Company's operations for the nine month periods are carried on in the following geographic locations: 6-K
US Canada Total
Sept 30, 2003
Total assets $ 37,958,204 $ 11,716,171 $ 49,674,375
Gross revenue 4,464,795 2,578,060 7,042,855
Net earnings (loss) (29,288) 7,122 (22,166)
Earnings (loss) per share (0.00) 0.00 (0.00)

Annual Report For the Year Ended December 31, 2002

Aspen Canada is pursuing a number of exploration prospects at Atlee, Cessford and Virginia Hills, Alberta, along with prospects in north east British Columbia. These prospects are anticipated to produce high value drilling locations later this year or during the first half of 2004. page 5

Western Canadian Basin, Canada Sturgeon Lake, Aspen is currently gearing up to do an extensive shallow natural gas development through re-completion of existing wells. Further natural gas drilling programs will compliment the shallow gas development of the property.

Aspen Canada is currently working with the Siksika Indian Nation to increase their land holdings in the area.

Canada is behind in total assets but according to the Company’s Annual Report Aspen Endeavour’s prospects are extremely promising.

Cudney's friends at Quest could get a really good deal.

This may not be fair but I always thought Cudney wanted to separate the companies and may even want to control and take back Aspen Endeavour.

Repost:
R. Charles Allen vs. Aspen Group Resources Corporation, Jack E. Wheeler, James E. Hogue, Wayne T. Egan, Anne Holland, Randall B. Kahn, Lenard Briscoe, Peter Lucas, Lane Gorman Trubitt L.L.P. and WierFourlds L.L.P.; Action #02-CV241587CP
The Company was named as a defendant, on a joint and several basis, along with the then directors, auditors and legal counsel of the Company in an Action dated December 30, 2002, whereby the plaintiff is seeking an order rescinding the take-over bid dated November 22, 2001 by the Company for the purchase of securities of Endeavour Resources Inc. along with damages in the amount of Cdn $10,000,000. The Company is defending this action as it believes it is not a liability of the Company, the outcome of which is undeterminable. Outside council for the Company has advised at this stage of proceedings, they cannot offer an opinion as to the probable outcome. The Company’s management is vigorously defending the case. – 6-K


R. Charles Allen is not listed as a major shareholder of Endeavour which makes it even more likely he is fronting for someone who needs to remain anonymous. Major shareholders are Cudney, Chad and Kent. Would their acquaintance, R. Charles Allen, initiate this suit which has the potential to destroy Aspen without their permission, especially Cudney's?

Allen knows Cudney and now he is trying to shake down Aspen for Cdn $10,000,000.

They might be able to come up with an acquisition or buyout for Endeavour. Aspen seems the liability. Where does that, if it is true, leave us?

There is a pattern emerging. R. Charles Allen might not be in this alone. Is it possible our own director, Cudney, is behind taking out Aspen or at least trying?

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