Replies to post #34016 on American Energy Production Inc(fka AENP)

[contractor10940]

Hayhauler,

First of all, for someone who doesnt have a position here, why do give a crap? what they do, what they have, or where this company is headed.

Ya that oil is a drop in the bucket, from 7 measily wells. So lets take a scenario and expand a bit. Averaging 725 bbl a month, adding the other 186 wells into the mix, works out to be 134,850 barrels a month or at todays prices $9,439,500.00 monthly...still a drop in the bucket?, You got wells doing that?

It'll take sometime for all of them to get up and running, as they do come online, any chance that'll change AMEP's bottom line. With a reserves report from the Olmos sands resevoir of 62,000,000 barrels, in your worldy wisdom.......how long will it take to dry it up?

Personally you like to allude about the Bitters and what they did in the 90's during the oil bust. How come you've never brought up about them being in Kuwait back then......is it because you didnt know....what else dont you know?

[ctb]

"I know that sounds like a lot of oil, but it's not. It's actually just a drop in the bucket."

Well...in a sense you're right. It's a drop in the bucket of the productive assets AMEP is developing.

The oil produced from those few wells is just a hint of the production possible from the lot of them - and how many capped wells are there in that oilfield? Almost 200 oil wells?

And that oilfield is just a piece of the overall assets of the company.

The Padgetts 11 and 12 are almost online, the NM and EO are next, the Challenger will provide additional revenue.

Yeah, "it's that simple."