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11/01/06 12:28 PM

#13223 RE: falconer66a #13222

Thank you the excellent post falconer.

"Even without a single producing well, the AMEP leaseholding values would be worth at least $0.04 per share."

With annual oil and gas revenues from existing wells in the hundreds of thousands of dollars, and significant new production coming online shortly from the current projects, AMEP is indeed absurdly undervalued.