American Energy Production Inc(fka AENP)

[Jagman]

There is the same model rig in Europe for sale listed at $2 million, of course no way to compare condition to the AMEP rig which had little usage in Mexico assuming that's it's total history. If Bitters got a "deal", it may have been for $1 million or just under or over. From the work being done on engines, etc., I would guess it was used for much more than a few water wells.