Replies to post #30170 on American Energy Production Inc(fka AENP)

[ctb]

FISH, with more money we could re-enter more of those wells. Most are capped.

"American Energy Production Inc. acquired Production Resources Inc. on January 1, 2004 as a wholly owned subsidiary. The oil properties owned by the Company in Medina County, Texas are west of San Antonio. The PRI oil leases cover more than 1,500 acres and have a long history of oil production through three producing horizons and have an estimated 62,000,000 barrels of proven recoverable oil reserves. The price of oil today is approximately $29 per barrel. Presently, Production Resources Inc. has 193 fully equipped oil wells capable of producing several thousand dollars per month of oil with the new technology discussed above and stimulation procedures that will be incorporated into oil operations. The PRI oil field will be able to produce to its maximum potential using the company's newly acquired technology."

http://press.arrivenet.com/industry/article.php/265127.html

[jsc52033]

Fish production companies are valued as to reserves not what has been produced. Price of oil going up gas going up slow production not an issue what is left is the value minus production costs. CB and BOD know wht the reserves are, Theyu just are telling claiming its to costly to have an appraisal done. Let them tell you what the costs of an appraisal are. Also what did the last drillings discover?