AENP.OB

[phabrux]

Dave, thanks for the info about quotetracker!
Bye the way, hoe much do you pay per trade for every trade made for 3SOF?
Do you have a account in USA?

[greeneyedhawk]

AMEP RTQ .0163, MM nicely cleaned out the weak hands and tight stop losses, a healthy move for the next leg up.
Those seeking forward revenue guidance on the AMEP RB board for wells scheduled to be drilled, and/or re-worked for production in this Q and future Qs, do not understand this O&NG business. You cannot make O&NG revenue projections until a well is completed and stabilized on the production line for numbers.
Those holding strong, or adding shares, until the next two 100% NWI horizontal wells are completed will have their patience highly rewarded. The successful vertical Nash well, plus the two horizontal wells scheduled for drilling, will give AMEP the numbers to be profitable, IMVHO and the DD.
GL all AMEP longs.
... %^ greeneyedhawk

[Ramsburg]

Sold AMEP.OB @ 0.0153

David will update this trade later.

best regards,

[David Randolph]

Dave, thanks for the info about quotetracker!
Bye the way, hoe much do you pay per trade for every trade made for 3SOF?
Do you have a account in USA?

I have several accounts. One in Portugal, another with www.lowtrades.com and yet another with www.tradingdirect.com. Some trades are made through Ameritrade too (Ramsburg has an account there). I pay $10 for every trade made for the 3 SOF.

Sold AMEP.OB @ 0.0153

David will update this trade later.

best regards,

According to plan, there was nothing I could do but to sell the stock. I said:

We'll see ... in the meantime I'll hold the stock as long as it closes above the 50 day moving average, which tomorrow will stand at $0.0175.

So many pages of work and thoughts ended up with a 22% loss on AMEP.OB (I'm happy I had just 3.33% of total capital invested in this penny stock). It's sad, but hey, who said the market was fair? 

I've had some warnings this trade wouldn't work out:

1) Volume was getting weaker and weaker on each attempt at the $0.025 resistance level.
2) Oil was up and the stock was not.
3) Break of the ascending trendline.

Anyone going back to read this thread will notice my wife was right all the time, it looks like her place isn't just the kitchen 

I took my loss, my lesson and paid for it, now it's time to move on to another speculative venture. Good luck to those who continue to own the stock.

[TRUNK]

Hold up! What Am I Missing here?

approximately $409,775 for the 2nd quarter in revenues with just $42 oil

now oil is running $66 a barrel so conservatively revenues will be 2.5 million + for the year

Amep Market Cap is just 4.5 Million at todays closing price...



We got word that within a week they are starting 3 new wells... ?? surely this will bring some nice press releases.


Obviously the market didn't like the 10Q and the production numbers, but I don't think many people read.. just reacted to the market and a penny stock does what a penny stock does

I'm not selling.. I do think by the end of the year we will still hit 4 cents a share.. 1 killer news release and in this oil climate thats all she wrote..

In the meantime we could even return back to a penny, but I'm not selling...

[greeneyedhawk]

NG continues to make new record highs. Now over $10 for: Nov, Dec, Jan, Feb, Mar.
DrillBit's projections of double digits for NG across the board is becoming a reality. These record NG and Oil prices are helping AMEP to become profitable in a considerable way. CB could not have picked a better time in history to bring a start up Oil & NG company to profitability. Barnett Shale NG wells produce 20-30 years or more per independent DD. AMEP has 7,000 acres over a 100% blanket covering of the highly prolific Barnett Shale formation. AMEP is very fortunate to also have high grade oil flowing out of it's Barnett wells. AMEP's wholly owned Bend Arch will next be drilling it's first two horizontal wells in the Barnett. Wholly owned OAG will add three more. The next two horizontals will likely make AMEP profitable, if you consider that these horizontal wells should produce a nice multiple of the vertical Nash 1-c well just completed in the Barnett.
Nash 1-c results: "At today's market price of $60.00/barrel for oil and $8.00/mcf of natural gas this would be approximately $1600.00/day or $48,000.00/month or $570,000.00/year gross revenue."
GL all AMEP longs.
...   %^  greeneyedhawk

Commodity Futures Price Quotes For
NYMEX Henry Hub Natural Gas
Commodity market prices and quotes are updated continuously during market hours.
(Price quotes for NYMEX Henry Hub Natural Gas delayed at least 30 minutes as per exchange requirements)

Month
Click for chart  Session  Pr.Day  Options
Open High Low Last Time Sett Chg Vol Ticks  Sett OpInt 
Sep 05 9.54 9.88 9.44 9.76 14:47 9.752 +0.212 25775 39255  9.54 58207  Call Put 
Oct 05 9.61 9.88 9.461 9.78 14:46 9.779 +0.218 16065 9480  9.561 87978  Call Put 
Nov 05 9.95 10.22 9.84 10.12 14:45 10.124 +0.191 4637 3762  9.933 53856  Call Put 
Dec 05 10.32 10.55 10.225 10.5 14:27 10.479 +0.177 3650 3338  10.302 35352  Call Put 
Jan 06 10.59 10.81 10.495 10.71 14:25 10.734 +0.166 2384 3452  10.568 32925  Call Put 
Feb 06 10.57 10.73 10.46 10.67 14:47 10.699 +0.161 1210 1556  10.538 20419  Call Put 
Mar 06 10.32 10.53 10.235 10.43 14:29 10.463 +0.161 4733 1939  10.302 40537  Call Put 
Apr 06 8.81 8.95 8.77 8.83 14:21 8.863 +0.091 2265 1175  8.772 20785  Call Put 
May 06 8.7 8.7 8.65 8.65 14:28 8.631 +0.084 794 692  8.547 20303  Call Put 
Jun 06 8.73 8.73 8.53 8.68 14:28 8.662 +0.084 18 545  8.578 7266  Call Put 
Jul 06 8.77 8.77 8.57 8.73 14:29 8.706 +0.083 7 39  8.623 12055  Call Put 
Aug 06 8.81 8.81 8.76 8.76 14:28 8.745 +0.083 93 80  8.662 10477  Call Put 
Sep 06 8.79 8.79 8.71 8.75 14:01 8.72 +0.08 11 278  8.64 9006  Call Put 
Oct 06 8.72 8.81 8.69 8.71 14:22 8.745 +0.078 825 292  8.667 19512  Call Put 
Nov 06 9.18 9.18 9.06 9.07 13:05 9.105 +0.078 66 171  9.027 9182  Call Put 
Dec 06 9.46 9.46 9.46 9.46 10:53 9.445 +0.083 175 174  9.362 9163  Call Put 
Jan 07 9.73 9.73 9.655 9.655 14:24 9.695 +0.088 39 103  9.607 10040  Call Put 
Feb 07 - 9.635 9.7 9.58 11:10 9.68 +0.088 0 51  9.592 2926  Call Put 
Mar 07 9.5 9.5 9.48 9.48 13:23 9.495 +0.088 200 2  9.407 7478  Call Put 
Jun 07 7.977 7.977 7.977 7.977 11:49 8.01 +0.063 0 54  7.947 2355  Call Put 
Dec 07 - - - 8.8 - 8.8 +0.058 0 27  8.742 4171  Call Put 

FYI...   %^  greeneyedhawk

[Terliso]

Symbol:  Markets Detailed Quote Depth/Level II Options Charts News Profile Filings Historical  Symbol Lookup powered by
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History For American Energy Production Inc Aug 17 12:48 AM EDT

     
Date Open High Low Close Volume Change Change %
08/16/05 0.018 0.155 0.013 0.015 32,274,700    0.003  -16.393% 
08/15/05 0.019 0.019 0.018 0.018 7,392,900    0.000  -2.660% 
08/12/05 0.018 0.019 0.018 0.019 10,461,300    0.000   2.174% 
08/11/05 0.019 0.019 0.018 0.018 8,570,800    0.001  -3.158% 
08/10/05 0.019 0.019 0.019 0.019 8,923,700    0.000   1.604% 
08/09/05 0.019 0.019 0.018 0.019 9,860,800    0.000   1.081% 


why is highest for today is 0.155?  is this real or somebody just pressed a wrong button?

[la-onda]

FYI AMEP:
American Energy Production Inc. Announces 2nd Qtr. Production Revenues for Two Investees
Tuesday , August 16, 2005 09:00 ET

MINERAL WELLS, Texas, Aug 16, 2005 (BUSINESS WIRE) --American Energy Production Inc. (OTCBB:AMEP) announced today the 2nd quarter revenues of its two wholly owned investees, Production Resources Inc. and Bend Arch Petroleum Inc.

American Energy Production Inc. investee, Production Resources Inc., sold approximately 1,274 barrels of oil in the 2nd quarter for total net estimated oil revenue of $63,695.

Bend Arch Petroleum Inc., in the 2nd quarter, sold approximately 3,341 barrels of oil with estimated revenues of $157,090 and natural gas sales of 31,604 MCF with approximate gross revenue of $189,078. Total gross revenues for Bend Arch Petroleum and Production Resources Inc. totaled approximately $409,775 for the 2nd quarter.

"Production revenues for the 2nd quarter were off a little from the 1st quarter due to prices of oil and natural gas in April and May when the oil posted price was only $42.00/bbl., and natural gas spot prices were around $4.50/MCF. Also, the natural gas purchasers had to do maintenance repair work on the gas transportation line and Bend Arch had to shut the oil and gas wells in for almost a week," stated Charles Bitters, president of American Energy Production Inc.

Charles Bitters, also stated, "Oil America Group is within one week of starting its second Limited Drilling Partnership. Joe Christopher, president of Oil America Group Corp. is very excited about the prospects in the 3-well Horizontal Barnett Shale Project." For more information contact [email protected] or 972-386-0601.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.

[atalltexan]

After yesterday's downward "adjustment", seems to have made a new base around .0150 and is climbing slowly but steadily.  Added to my holdings yesterday on dip. 

[aitech61]

I didn't like the action today at all....

After buying yesterday at .0135 and swing trading selling and reducing my position, I thought I would wait and see another day. Well I have seen enough..

I am all but out of the stock... To bad, you win some and you lose some....

I see SVSE potentially testing its 50dma and see very reason for it to bounce nicely. Natural Gas is becoming quite bullish with double digit prices forth coming...

AVLN is consolidating quite well.

FDEI is doing well also..

My other Oil/Natural Gas holdings  doing well are EPEX, CHK, and PETD.

Good Luck to all!!!!!

[greeneyedhawk]

Additional NOTES, highlights, & comments from the full 10Q (additional notes).
I am reposting my notes, with new comments, for anyone who has not studied the lengthy full 10Qsb. It was a good 10Q when read in it's entirety. Bashers are saying that AMEP is in deep debt, ...not so; the opposite in fact, read for yourselves the facts filed with the SEC.
I read and studied the complete full version of the 10QSB several times and took notes. The following are my personal highlights, notes, and comments; refer to the 10Q and/or the AMEP CEO Charles Bitters for any further details and/or explanations:

Outstanding shares as of end of reporting Q: 302,030, 234
Last reporting Q was 298,030,234
An increase of 4 M shares.

Note: See 10Q re company converting to a BDC(Business Development Company) when evaluating the following sections:

AMEP expenses:
($114,822) total loss from operations
($91,761) total loss other expenses (interest expense)
Total Net Loss AMEP ($206,583) ... year ago ($702,071)

Net cashed used in operating activities: ($201,663) ...
year ago ($261,143)

Net cash used in investing activities:
($136,556) ... Year ago ($1,044,115)

Cost and fair value of AMEP investees: $2,733,342
Refer to 10Q; the 'fair value'* is based on the cost of the investee to AMEP (much is the original 'historical' cost)...
Production Resources Inc. (PRI) ... $1,284,598 (historical cost)
Oil America Group Inc. (OAGI) ...... $117,000( bought with 'restricted 144' shares)
Bend Arch Petroleum Inc. (BAPI).....$1,256,188
AMEP strategic Investments INC. .... $75,556
Total AMEP Investments in the investees: ...$2,733,342 (The four investees are wholly owned by AMEP).
*BDC's are valued based on the collective value of their wholly owned(in AMEP's case) investees. Consider the potential 'fair value' adjustment by an independent O&NG engineer, when AMEP can show a profit from just a few wells, of the potential of many on the 7,000 acres over the Barnett, plus the 193 PRI wells being brought back onto production with increases using HOA-800.
Do you think an Oil and NG company with 7,000 acres in the Barnett(BAPI) + 193 (PRI) oil wells being re-worked and put back into production + the current near 2 Million in annual O&NG revenues (does not count the est $570,000 annual revenues from the vertical NASH 1-c well recently completed)is fair valued at $2,733,342? Add in Crane Carrier Potable Rig + NG compressors + Oil storage tanks + surface and downhole pumps + miles of owned sales natural gas lines ...$2,733,342 is fair value?? A potentially big Upside advantage, IMHO.
Calculate how many O&NG wells that AMEP can drill on 7,000 acres of 100% blanket coverage of the huge and prolific Barnett Shale formation, with a spacing of 40 acres, 80, or even more, .....that is a lot of wells that will produce gas, and Oil in AMEP's case. The Barnett is the hottest formation in the US on shore, ...there is a reason.

Debt as of end of Q was ($18,153)lease payable (bashers say AMEP is deep in debt, that is simply not true).
Bank notes payable ($17,464) [dated Mar 2001, for the previous shell company's computer equipment]
Bank loan for auto ($4,818) [final payment due Feb 2006]
Total convertible Debentures due Dec 1, 2005 ($335,665)

Total Debt is $367,102 counting CD:
($400,000) CD (before debt discount of $64,335)
($22,284) total bank loans (auto + previous shell Co note)
($18,153) lease payable
Total: ($367,102), ....ie ($440,435) less $64,335 debt discount

10Q note concerning the BDC(Business Development Company), when AMEP becomes profitable(less than a year to profitability per the CEO note on the web site), ...per the 10Q:
"98% of AMEP income will be distributed on a quarterly basis to AMEP stockholders (both income and net capital gains)".

Most of the 10Q is old news, as the knowing posters have noted on the RB thread. Considering the quarterly report in it's entirety, it was a good report. IMHO, the next two Qs will show a turn around based on O&NG revenues with the additional new wells increasing the production; starting with the successful NASH 1-c, followed by two horizontal wells with 100% NWI(Net Working Interest) by wholly owned Bend Arch, ...and that followed by three horizontal wells by wholly owned OAG. Total of 5 horizontals are scheduled for drilling.
The most important activity for AMEP and it's shareholders will be the results of the next two cheap-to-drill re-entries on good heavy 5 1/2" casing that will turn horizontal when it reaches the Barnett formation. These two well will be deepened into the Barnett, and will likely be high volume horizontal wells of considerable frac length in the pay zone. The 'test' Nash 1-C well drilled vertically into the Barnett formation was a big success, when considering the following two horizontal wells will be much, much higher producers, per the independent DD on the big volume advantage of horizontal over vertical drilled wells.
From the Nash announcement (vertical well):
"At today's market price of $60.00/barrel for oil and $8.00/mcf of natural gas this would be approximately $1600.00/day or $48,000.00/month or $570,000.00/year gross revenue."
It is very likely IMHO, that these next two potentially higher producing horizontal wells that AMEP will be drilling, plus the Nash, will put AMEP over the top, ...and profitable. It is important to note that AMEP has 100% of the NWI (net working interest) on these next two horizontals going into the prolific Barnett formation. It is also extremely important to note, that AMEP is getting quantities of Oil with the NG; most Barnett wells are NG producers only per the extensive DD on Barnett wells. AMEP is very, very fortunate to have this type of highly desirable Barnett acerage (7,000 acres) that produces high grade Oil with the Natural Gas.

GL all AMEP longs, the next two wells will be of high interest, and make the patience pay off IMVHO.
Technically, this looks like the last bottom under .02, as the way is clear for several good news events to bring in new buyers.
... %^ greeneyedhawk

[TRUNK]

I finally bowed up and took my losses on AMEP today

75% of my portfolio was in Amep so a very valuable lesson has been learned the hard way.. Must Diversify, sure everyone always says you have to diversify-- but really you have to experience the negative impacts of not diversifying on your own for that epiphany to set in.. gambled and lost big on this one.. But I still have more than I started with when I got in the market 3 months ago so no harm no foul.. lesson learned! And off to learn more and make some cash

[cumulina]

Oh, TRUNK. So sorry for you.

I guess that's the school of hard knocks?

I also stayed in too long, but fortunately with a smaller portion.

I have found that one (of my many) weaknesses is that I sit and glare with a "Polyanna'ish look" at the stocks doing well, and ignoring the ones doing horrible.
Once in a while I wake up, and discustedly sell a looser or two with a good size loss.

In this way I have managed to get a nice 40% loss!

Clever, huh?

I do try to learn from others, and one thing is diversification, but not more than I can still manage to keep an eye on things.

Another is: Don't buy in a frenzy, and don't sell in panic!

What we are also learning on this site: forget about intraday movements. Those are for daytraders. I'm neither clever enough nor fast enough to be a daytrader! 

I'm not too proud of my losses, but if I learn something from them...it hasen't been a total loss.

Hope you have more luck with whatever you have left.

Cheers!

[greeneyedhawk]

AMEP, I added 2M shares on Friday with highest buy of .0143. Three of the  buys were 500K blocks. I usually don't post my buys, but wanted to express my confidence with my cash. I’ve been on vacation the last 2 weeks, but did take a break to post on the AMEP 10Q after it was released, …which I thought was good, and clarified the near lack of debt, among other things. Could not pass up adding at this share price. I think some of the sell off after the 10Q was from lack of understanding of how a BDC reports. One example is that AMEP wholly owned investee corporations do not report their revenues on  AMEP’s 10Q. AMEP has four investees. Unfortunately that initial sell-off after the release caused the stock SP to drop below technical support, further damaging the SP with additional technicians selling; …so it goes … however I thought it presented an excellent buying opportunity to add, considering the risk/reward was tilted to reward IMO, …so I did.
Any DD at all will tell you that AMEP is worth a multiple of the current Market Cap of$ .0152 X 302,030,234  OS = $ 4,590,859 total MC, if the large range of valuable assets are added together: ie Bend Arch Petroleum Inc’s 7,000 prime acres of 100% blanket coverage of the Texas  Barnett Formation(the largest on-shore hydrocarbon source in the US and a major Texas NG producer,) plus Production Resources Inc’s 193 oil wells with pumps  being re-worked to bring the field  back into production with HOA-800(“PRI discovered a method of well treatment that combines the utilization of heat along with AMEP HOA-800 in a chemical process that has returned positive results. PRI has increased oil production from the Olmos formation on the four test wells by as much as 300% for the month of June. Management now plans on expanding the testing area to an additional 10 oil wells in the next 30 to 45 days.”) plus unreported revenues on the AMEP 10Q generated by all it’s wholly owned investees. Then add on the value of the infastructure and equipment ’paid for’:  there are the miles of wholly owned  NG  sales pipelines, numerous Oil tanks, numerous Oil pumps above ground and downhole, Natural Gas compressors,  and a commercial truck with a Portable Crane Carrier Rig (paid for also) for re-working and servicing Oil and NG wells, etc, etc. All the above yielding a  $4.6M Market Cap??? With these energy prices the future is bright for AMEP to become profitable, ...and easier. Something does not add up, and it is the low SP component of the Market Cap, IMVHO.
See previous post on the 10Q for additional details.
   Mark this post,  I am either going to make  money on this stock with a very good percentage gain, or watch it go bankrupt. If AMEP goes under, I will not only lose money, but self impose a ban from posting on this site ever again , lol…………. It will do one or the other, it will not flat line at this SP.
Good luck, DD, and technical analysis on AMEP.
…   %^  greeneyedhawk

[greeneyedhawk]

Technical analysis. See AMEP iHub post 989 for three charts for technical analysis. Note the strong bullish move the last time AMEP bounced off the 200 day MA, .0130 to .0252 in July, almost a double. AMEP has once again just bounced off the 200 day MA.
FYI... %^ greeneyedhawk