futrcash, AMEP had this PR last October, but the 10-K for the year only shows $40,000 revenue....welcome to an OTC Business Development Company......the subsidiaries don't file, are they even audited???
American Energy Production Inc. Announces 3rd Quarter Production Revenues
MINERAL WELLS, Texas--(BUSINESS WIRE)--Oct. 18, 2004--American Energy Production Inc. (OTCBB: AMEP - News ) announced today 3rd quarter production revenues for its two wholly owned subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. subsidiary, Production Resources Inc., sold approximately 1746 barrels of oil in the third quarter for total net oil revenue of $57,799.
Bend Arch Petroleum Inc. sold 7262 barrels of oil and 27,958 MCF of natural gas for approximate total gross revenue of $467,070. Total approximate gross revenues for Bend Arch Petroleum Inc. and Production Resources Inc. totaled $524,869.
Charles Bitters, President of American Energy Production Inc. stated, "Oil and Gas revenues in the 3rd quarter increased $381,869 over revenues from the 2nd quarter which were approximately $143,000. AMEP is very pleased with the production revenue of our subsidiaries for the third quarter ending September 30, and the Company anticipates further production increases in the fourth quarter because of the purchase of a well servicing unit by Bend Arch Petroleum Inc. that will speed up re-working and stimulation activities on recently purchased wells."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
Contact:
American Energy Production Inc.
Charles Bitters,
210-410-8158
www.americanenergyproduction.com
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
