Replies to post #24348 on American Energy Production Inc(fka AENP)

[Slippery Wing]

Nelderand:

I am not suggesting that CB has NOT funneled revenues from current production into drilling, quite the contrary.

My point is, why not KEEP funneling production revenue into drilling rather than risk driving shareholders out of the stock by cutting their position by a factor 25 and then risk watching the PPS drop from $1.60 back to penny land?

How much revenue do you think he has from current production?

I don't know. Neither do you. In fact, if AMEP was more transparent in their production numbers, it may just make this R/S proposition more attractive.

How hard is it to release a monthly PR stating the following:

How much oil and gas was produced.
How much it sold for.
Hence, how much oil and gas revenue we had for the month.
How much we shelled out in expenses.

We can garner a pretty fair idea of how much AMEP produced each month via the Texas Railroad Commission.

How much of that current production was off line and being re-worked in 2006?

Again, I don't know. Again, neither do you.

If he simply waits for the revenues from the existing wells and the Padgett's potential production to drill with, how many wells would he be able to drill over the next year? 3? 2? 4?

Based on what his existing production is, and based on what I have paid to drill 4,000 ft wells in Oklahoma and Kansas (FYI: it's nowhere near $1 million per well), I would guess that he should be able to drill at least one well per month with existing production.

Each month production is increased, leaving the ability to drill more each month. Much like compounding interest.

[rooktrader]

good morning all. i have no troubles visualizing the big picture and all.

i'll veture to write what would have helped most everyone to have more of a peace of mind at this juncture is the whole pr issue. the absence of pr's, and boom, the timing of this sched p14a makes everything seem a$$ backwards. sure the last pr was full of hints with a bigger picture with the info surrounding the crux of the matter.

the way i see it and there's other ways of course that would accommplish same; a pr summarizing those events that they had to endure and what had occurred would have set the table. we've not seen that OFFICIALLY and everyone is at the show me stage, i included.

now, this is going on....

when will we see production news and an update as to what else is going on....than we will have a summary of sorts to read of what's been happening these past few months.

will it be pre-bell monday, i hope so.