American Energy Production Inc(fka AENP)

[tharmon51]

Pro, I personally doubt they do have enough money for the pipe, fuel, crew payroll, etc. to drill another company well, but they can't risk loosing their drilling crew either. There's too much competition for oilfield workers. I also doubt CB would pay them to sit around idle while waiting for the proxy results. Therefore, they must either keep them busy doing something that will bring in at least enough to pay the crew wages, or take the risk of laying them off. Some type of contract drill or partnership well, even if at unattractive rates, would be an option for one well. The only new Proco drilling permit unaccounted for is on the Evans-Overstreet lease. Does anyone have any information on whether the E-O lease is an AMEP or a private party lease?