Press Release Source: American Energy Production Inc.
American Energy Production Inc. Delays Meeting Wednesday December 20, 6:27 pm ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--American Energy Production Inc. (the "Company") (OTCBB:AMEP - News) has announced today that the Special Meeting of Shareholders originally scheduled for December 29, 2006, as reflected in the Preliminary Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on December 5, 2006, has been delayed while the Company responds to comments received from the Staff of the SEC in connection with the Staff's review of the Preliminary Proxy Statement.
ABOUT AMEP
American Energy Production, Inc. ("American Energy," "the Company," "we," "us") is a publicly traded business development company that is engaged primarily in the investment in other companies that acquire, develop, produce, explore and sell oil and gas. The Company anticipates that the companies it has invested in will be able to sell all oil that it can produce to petroleum refiners and marketers under the terms of short-term purchase contracts and at prices in accordance with arrangements that are customary in the oil industry. Our capital is generally used by our portfolio companies to finance growth and working capital.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by American Energy may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. American Energy assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact: American Energy Production Inc. Charles Bitters, 210-410-8158 http://www.americanenergyproduction.com/ or Oil America Group Inc. Joe Christopher, 972-386-0601
-------------------------------------------------------------------------------- Source: American Energy Production Inc.
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