AENP.OB

[MarketMakerz]

Yeap. I still believe there will be profit taking before the close which will lead to profit taking on friday.

[Ramsburg]

I believe its not yet the time to sell AMEP... This volume, and this breakout suggests continuation...

Lets see

[FALCON64]

any comments? up 18% today.

[gmarc66]

I don't know..just saw how active the stock was and it broke .06...so i bought in at .0595...hope i did something smart

Anyone else jump in or still holding?


thanks and good luck!

julia

[OneStockMind]

I'm still holding and waiting to see today's last hour action and the close.
If it's going strong in the close I'll hold more but if it's weak then I'll sell.
I wish some TA expert can draw some reasonable target but if not I'll just follow my gut.
Good luck to you.

[gmarc66]

My first attempt at a chart...lets see if its massive

AMEP giddy up

julia

[oicpecnoc]

still have 400kshares of my original position at .025 and I repurchased my 200k shares I sold at .0535 at .056  for a total of 600k.  As usual I will probably get slaughtered, but as I always do, " I have a feeling about this one."

[Pirus]

Big jump today---tried to find sone news didn't see any.

Anybody find a reason why big jump today?

[QuestSolver]

October 1, 2005 
American Energy Production: Short Squeeze of the Year 

American Energy Production Inc. (OTC: AMEP) is a prime example of a major short squeeze in progresss. On February 22, 2005, the company's shares hit a long term base when company management discontinued the Form 2-E offering which disclosed that the company received $1,820,000 of proceeds from the offering through the sale of 171,000,000 million shares. With an increase in outstanding shares to near 306,171,168 million, the company's shares took a dive to the sub-penny level, but finally bottomed out because the company was seeking alternative financing that was less dilutive. Eventually, good news about the company started to come out, including the most recent in which American Energy's subsidiary, Production Resources Inc. posted significant oil production increases on twelve test wells by as much as 500% for the month of August. Coupled with massive volume, the shares took a massive swing north in the month of September. It seems obvious to many traders that someone had aggressively shorted the stock, believing that it was just another dilutive penny stock scam. But with good news and volume, those same market makers who had shorted the stock were now climbing the bid to cover their shares. 

posted by Ant & Sons @ 10/01/2005 10:54:00 AM 0 comments 

Barnett Shale's rise can't offset declines

http://www.dfw.com/mld/dfw/business/12445062.htm

HIGHLIGHTS:

"The Barnett Shale natural-gas field in North Texas, which was opened to full production in 1999 and now has almost 4,000 wells, again stood out among Texas fields by increasing production by almost 17 percent. The field extends around Fort Worth from Wise to Johnson and Hood counties."

"Railroad Commission figures show that the field, concentrated in Wise, Denton and Tarrant counties, produced 210.2 billion cubic feet of gas through June of this year against 179.5 billion cubic feet a year ago, when the Barnett Shale field became Texas' largest producing field. In 2004, the Barnett Shale field produced 369 billion cubic feet of natural gas."

"Barnett Shale production is expected to keep growing as new pipelines and processing plants enable producers to pursue plans to drill in Johnson, Parker and Hood counties."

Gas Field is Hot, But Rigs Are Sparse 

http://www.rigzone.com/news/article.asp?a_id=25234

HIGHLIGHTS:

...In midsummer this year, Patterson-UTI of Snyder, which owns about one-third of the nation's oil- and gas-drilling rigs, quoted day rates of $12,000 to $13,000 for rigs during July and August. Chairman Cloyce Talbott said the rate is likely to reach $15,000 during the fourth quarter.....

"...If you're an established producer with relationships with the driller and some contracts, you'll be able to get equipment," Lowe said. "If not, you'll have a tough time."....

--------------------
"si hoc legere scis nimium eruditiones habes."

Heres the picture imo,AMEP is worth .21 to .25 right now based on known assets and without any production of ONG or NG numbers included,when we reach the .20's if we have had no news or production rev numbers we should stay flat or bounce back and forth a little,but I am betting by then we will have a few PR's to add to the known assets and then increase the base value of AMEP therefore raising the base target PPS.From talks coming directly from the company and its investee's we have already at least estimated tripled production or even more,when the numbers comes in I think we all (including me)will be surprised.

[la-onda]

congrats to all longs 

[greeneyedhawk]

I was posting my AMEP DD on this tread, but on Sept 7th, 'velasis' accused me of pumping the stock. It was not pump "to the Moon, or buy. buy, buy,"  but results from a 1 1/2 years of research and numerous phone calls and mail that I was willing to share on this thread. There is a difference between pump and good thorough DD, ...go back and look at my posts. I am a serious investor, and posted my two million add at an average of .0141 made  in August. That said I ceased sharing the DD on this thread ...I don't need the bash.
On sept 7th when velas posted that I was pumping, AMEP was in the .02 range, now less than a month later, it is about to beak into the .10 range. I guess it was not pump, ...huh velasis?
Let's see what this week brings, and yes there are real  reasons for the move ................
GL AMEP longs.
...   %^  greeneyedhawk

[oicpecnoc]

Hey Greeneyed1,

Your DD on the RB board is second to none my friend.  Most on 3sof appreciate the in depth type stuff you post.  Don't let one critic stop you.  If anybody wants in depth analysis on AMEP outside of Davids initial speculations, I highly reccomend Greens posts on RB, Drillbit as well.

If you are right about AMEP, I will owe you in a big way.  Keep on digging and posting.

[robt]

While I add my congrats for anyone who's done well with AMEP, I have some troubling questions regarding this company, which are outlined in a separate thread:

http://www.3stocksonfire.org/trading/index.php?topic=2561.0

oicpecnoc, if your research has provided satisfactory answers to the questions I raise (particularly with reference to "HOA 800"), I'd appreciate hearing them.

[QuestSolver]

hey greeneyedhawk...been lurking on RB and watching you and Drillbit deal out some real DD,please keep it up and I even used some on HSM board,I won't post on RB anymore,far too many squirrels in that cage.Looks like AMEP has become a day traders dream stock,they will surely enter early tomorrow and gap it up again and lately we have only had one red day a week so lets hope today is the day!And don't forget..we are now in week 3 and should get that PR on the new wells! Remeber last PR? 3 weeks!

heres a good post by birdo...kinda gives us a reality check I guess...LOL


A 3% loss after two days of 28% and 21% gains is a good day in my book, not much retracement there.


also Berlin is over .12 euros now!

look at the two year chart,I'll have to post the link...seems to me this has happened before in both directions,strong instant drop or increase near EOD. Also this ir more then After hours consolidation and if you have an offshore account you can trade after hours.

16:35:16 0.133 450900 OTCBB
16:29:38 0.098 15000 OTCBB
16:27:14 0.113 40000 OTCBB
16:02:17 0.102 100000 OTCBB
16:01:06 0.093 30000 OTCBB at Ask
15:59:56 0.094 98000 OTCBB
15:59:53 0.093 50000 OTCBB
15:59:52 0.093 31300 OTCBB
15:59:52 0.093 10200 OTCBB
15:59:52 0.093 85000 OTCBB

http://host.businessweek.com/businessweek/Historical_Quotes.html?Button= Get+Quotes&Format=0&Type=5&Symbol=AMEP&StartDate=10/03/05&EndDate=10/03/05

[oicpecnoc]

Hello Robt,

These are valid questions.  I don't have the answers.  This started as a momo trade, and I just kept on playing it.  My complex mind is using the following formula.

High Oil and NG prices x lot of potential production = potential big profits.

Based on your posts, you are saying there is a good chance that if that profit is achieved it will all go to cb.  Could be.

Could also be the shareholders will see some of it.  Good risk/reward at .02/.03, maybe not so much at .10  Time will tell.  Tomorrow I will probably sell some to recover my initial investment, and let the rest ride for free, and see where the story goes.  David seems to agree with you, so you have someone wiser than I on your side. 

Good luck with your trades.