mom2jbk, "...we moved down for 7 months on no news, as a result of the silence with the SEC, yet business and big things were happening in the background. Now it time to take it back to where we belong and then sum."
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That is exactly right, when I took my last DD trip to Mineral Wells several months ago with Nelderand (GoldRunner), we meet up with steadyt - an infrequent RB poster, H.L. a fine gentleman with a sharp mind, and a savvy stock investor guy from Dallas who retired early and knew Goldrunner from some of his PM (precious metals) commentaries. We saw lots of men working for AMEP or PROCO on both the Hart and Padgett lease on process in various stages.
An example of just two of the activities: We saw was a crew swabbing a Hart Ranch lease well to remove frac water, and watched the Padgett #11 getting an acid job from an 18 wheeler tanker truck over on the Padgett Ranch lease. These were in-process activities typical of what went on every day this year during the self imposed silent period while dealing with the SEC to enable AMEP to withdraw from the BDC status. Early on they said they would PR a well when stabilized, but changed their minds *IMO* after they hired a 'cracker jack lawyer' (not my 'words', lol) to work with the SEC and followed his recommendations.
I'm hoping to see several AMEP PRs in January, after the Proxy is approved of the 29th, for AMEP to withdraw from the BDC status. Be sure to vote, AMEP needs a quorum of 33 percent 'FOR' votes in order to form a quorum, in order to pass the withdraw from the BDC. Vote early.
GLTY mom2jbk,
...hawk
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