Replies to post #13603 on American Energy Production Inc(fka AENP)

[ctb]

I don't agree with your article, but if the best the "anti-peak oil" naysayers can do is buy the world "another 24 years", (sound of coughing) then I'd say peak-oil wins.

Read Matthew Simmons work, "Twilight in the Desert" - he's very specific about the big fields around the world which have peaked in the last 30 years. Production numbers don't lie. Neither do rates of consumption.

These two curves are going in opposite directions.

And there have been no new elephant fields brought online in quite some time.

But the issue is also political (read rogue states and terrorism). A few well-placed rockets into any of several Saudi oil terminals would have a devastating effect on world oil supplies.

[silver1999]

Cambridge Energy is a stooge

Daniel Yergin who is their chief energy guy has been so wrong on the oil market the past 5 years I cannot believe he is still considered an expert. Oil is going to $100. There will be supply disruptions, there will be more chaos in the Middle East and yes the $ is going to fall much further.

It is simply a matter of time only before AMEP follows. Remember, the leases are part of the NAV but there are no reserve estimates yet.

What is taking the firm this long is stabilized production. You cannot have a PR claiming your wells are producing "X" if the wells are not stable and they aren't yet.

They drilled a few great ones from what I hear.Risk vs reward says buy here and watch for the day the upside is re-assesed. That is when the fun starts.