Replies to post #15501 on American Energy Production Inc(fka AENP)

[lovethatgreen]

""Mongo, what are you trying to do here? Please update me."


I say who frickin cares. lol

Mongo is a distraction for the guppies who just can't get enough.

[Mongo1071]

Why isn't it obvious? With potential like this...

http://www.americanenergyproduction.com/PR-05-09-01.html

".....This drilling rig will become another significant profit center for the AMEP companies. Rigs with a drilling capacity of 8,000 feet are currently netting $10,000.00 per day. If this drilling rig operates approximately 200 days per year the gross income would be $2,000,000.00 per year. Bend Arch Petroleum, Inc., and Oil America Group should be able to participate in an additional twenty (20) oil and gas wells in the next year because of the availability of this drilling rig. Twenty new oil or gas wells producing the equivalent of only 20 barrels of oil per day would generate a gross income of approximately $6,000,000.00 per year.
"......"

And statements fro the management like this

"...Charles Bitters, President of American Energy Production, Inc., said, "The Company is very excited about the acquisition of the Ideco Drilling Rig. To locate a rig of this type in the current demand driven environment is a small miracle. There just are not any rigs of this quality for sale..."

It can't possibly be much longer before AMEP Strategic Investments (or AMEP itself if the BDC status is removed by the forthcomong DEF14A proxy) is making cash hand over fist, right?

Now that they have the torque converter replaced, the rig lights installed, and a fresh shiny paint job, the rig(s) should be a dependable workhorse.

Mongrel