And given that the gross and net revenue figures
don't include the percentages sold off in limited partnerships and the percent that is ultimately retained by AMEPs investees is unknown that information is not very useful.
If 90% of each well has been sold off and there are 2-3 layers of corporations to get through before AMEP's bottom line it's going to take a whole lotta wells
And since AMEP's shareholders paid for the rig, why is it that all of the investees get to apparently use it for free?
They get the benefits of the rig and sell partnerships upstream from AMEP. Seems to this pooch if rig rates are what ole CB said, there woudl be a great deal more money that could go directly to AMEP's bottom line in renting the 'profit center' rig.
Once AMEP had some cash in the bank, the $2,000,000 note and back taxes paid off, then drill away on your own leases without the threat of forclosure, and tax liens.
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