Research Pit

[Doubledownga]

The last quarter balance sheet shows the loss mainly for two reasons.

1 is old debt from the dot.com company shell they bought. The CEO has been asked many times reguarding this debt and he stated they have no-one to pay these debts to.

2 AMEP has just been set up as a BDC and the revenues from it's WHOLLY owned subsideries has not been reflected on the balance sheet.

AMEP mother company
OAG-- has one well producing and is ready to be horizontally drilled with new rig.
PRI--193 closed holes.. they are reentering and fracing with a new propritary fracing technique.
Arch Bend Patroleum-- arch bend formation is more prolific then other parts on the barnett and also yields high gravity oil(SWEET)Has two wells almost finished and plans for three more with 100% WI
AMEP stragics investments--put together the deals with other companies to share drilling expenses.

My understanding is once this company starts showing net profits they are shown on the balance sheet of the mother company AMEP and will be dispersed to shareholders as dividends. The CEO an very astute oil man I have heard has stated they will be profitible this UPCOMING quarter.

Anyone interested should read the IHUB or RB board specifically Greeneyedhawk and Drillbit.

This is a stock you put away for your retirement or your kids
not a flipper IMHO

DD