Replies to post #24486 on American Energy Production Inc(fka AENP)

[mom2jbk]

Nice note. Kind of like yelling fire in a crowded theater, on a Friday afternoon, just after the market closed. They wouldn't do that, or would they? Are they trying to intentionally depress, an already depressed, stock price?

It doesn't make sense, especially since they just announced the new Injection well, updated the status of Padgetts 11 & 12, which were a surprise, and formally stated the status of AMEP moving to an operational reporting company. Follow this up with the reentry of Nash-Murhpy #1 to investigate the Mississippi formation. We also know that, based on the TRRC filings, that AMEP has been adding leases, with one new drilling permit.

A lot of very, very positive things that we have been expecting any day.

I am betting/hoping that bigger things, than we expected, are/have developed.

I was thinking when TEXG was down and out, how if AMEP was positioned, they could have picked them up for a song. Not that they would have, but if they liked the properties, they could be positioned to do so. Maybe something like that.

With strong positive cash-flow from #11, #12, and the Murphy-Nash #1 rework, maybe this is the torch that started the fire. With all this disclosure coming out as to the production, they could be looking for protection as well.

We will see very soon.

[RedShoulder]

WyoInvestor, you posted "the claims of high living (unverified, do you know anything about that?) are huge red flags to me"...

That is a load of crap, that can be verified by many shareholders that have been to Mineral Wells. The poster who said they were buying stuff like Escallades (sp?) with company funds is libelous, ...period. CB drives an older model pick up truck and lives in a nice but average size ranch style house, on a ranch just outside of Mineral Wells; I've been there and can verify that.

... "I agree this doesn't stand a chance of passing as things stand now, but this constant "well maybe they will do this or that" justification for a RS looks like damage control and just plain hope on the part of longs." ...

What damage control or justification? Posting thoughts and speculation on what 'the Board' (not longs) had in mind when they released this PRE 14A R/S proposal, is not a justification or support. It is obvious that the overwhelming consensus of shareholders will vote this down as presented, and especially with the lack of any information to support the proposal.

..." I can't see where the support will come from to hold this price, let alone make a big run."

The Padgett wells are already driled and cased, and probably completed by now, and if so, likely being stabilized for numbers. If these wells in the Barnett can produce net revenues that exceeds the current small operating lose per quarter (and I think they will), then there will be a run - count on it. The net revenue and positive cash flow from those wells will enable AMEP to continue drilling off-set wells in the Barnett on the Padgett lease until it is maxed out on well spacing over the entire lease. If the Reef well comes in too (it also may be completed or close by now), then the run will be extended, ...and then some, as the company will have the positive cash flow to drill a ring of wells around this 'Mississippi Reef Reef high'.

Anyone selling before these wells are annonced may be walking away from a huge gainner IMO. That said, everyone must do their own DD, and make that decision for themselves.

GLTY WyoInvestor,
...greeneyedhawk