American Energy Production Inc(fka AENP)

[contractor10940]

Imagine?


The revenue jump, from $173,544 a year ago to $1.9 million this year, was due mostly to a sharp increase in oil sales, combining more production and the purchase of bigger stakes in various properties.

The biggest factors in the loss were a $667,707 increase in production costs and $773,475 in net interest expenses related to asset purchases using a line of credit. The company had no interest expenses in a year earlier.

A year ago, the company lost $11,847.

The company's shares recently moved from the over-the-counter bulletin board market to the Nasdaq global market.

The shares closed Wednesday at $10.67, down 2 cents.

http://www.statesman.com/business/content/business/stories/other/11/22/1122cbriefs.html