AENP.OB

[phabrux]

Is it the flag break out which may explain the 28% up of AMEP.ob or else could that be link to the big increase of the NY Brent today, up 3% to 66$?
Perhaps both!

[greeneyedhawk]

AMEP, UP + 20%, breaking out above the 50MA, continuing the up trend on a technical reversal started last week on no news.
AMEP is an Oil and Natural Gas production company. Newly acquired and wholly owned drilling rig has been set up on site now, drilling permit granted, mud pits and tanks being prepped, expecting drilling news soon.
... %^ greeneyedhawk

[phabrux]

Hi greeneyedhawk,

Newly acquired and wholly owned drilling rig has been set up on site now, drilling permit granted, mud pits and tanks being prepped, expecting drilling news soon.

about oil and gaz compagny,
does AMEP.ob need to own the field were they work?
I just like to know more about the all subject.
Can you devellop about the all bizness of oil and gaz exctraction, the subject is so hot on those days!
Thanks.

[greeneyedhawk]

AMEP Good NEWS! AMEP Oil and Natural Gas Drilling NEWS:

American Energy Production Inc. Announces Investee Bend Arch Petroleum Inc. Begins Drilling Operations with Ideco H-40 Drilling Rig
Wednesday January 18, 8:00 am ET

MINERAL WELLS, Texas--(BUSINESS WIRE)--Jan. 18, 2006--American Energy Production Inc. (OTCBB:AMEP - News) announced today the beginning of drilling operations by Bend Arch Petroleum Inc. with its Ideco H-40 drilling rig.

Surface casing has been set and cemented on Bend Arch Petroleum 12 well Palo Pinto lease Hart #8 well. The H-40 drilling rig will begin drilling out from under surface pipe on Thursday January 19. Originally this well was scheduled to be a 3,500 foot Strawn sand natural gas well to test several shallow sands and also to evaluate the Ideco H-40 drilling rig. However, after beginning drilling operations management decided a deeper test to the top of the Ellenberger formation would be a more viable use of resources for two reasons.

The first reason is the Company recently completed an extensive 3-D seismic study on 2500+ acres, consisting of two tracts, in Central and North Central Palo Pinto County, Texas and to help evaluate the

3-D seismic shot, a sonic log needs to be run to the top of the Ellenberger formation to help tie the mapping of the faults together. The second reason to drill a deeper test well is the possibility that a Barnett Shale or Marble Falls formation or a Bend Conglomerate formation well can be successful. After electric logging is completed the well will be evaluated to determine if the well will be horizontally drilled in the Barnett Shale formation.

For more information, please log on to our website: www.americanenergyproduction.com.

FYI and DD.
...   %^  greeneyedhawk

[greeneyedhawk]

Hi Pharubx, You asked:

"about oil and gaz compagny,
does AMEP.ob need to own the field were they work?"
I just like to know more about the all subject.
Can you devellop about the all bizness of oil and gaz exctraction, the subject is so hot on those days!
Thanks."

Almost without exception, Oil and NG (Natural Gas) companies lease the land they drill and develop. The leasee gets a nice royalties on the sales, plus an upfront per acre payment. Usually the leasees royalties are between 15% to 35%(but not always), depending on too many factors to list here, but in AMEP's case the leases included giving AMEP working wells in the shallower formations, pumps, pipelines, oilstorage tanks, NG compressors, etc. so their royalties are at the top end. 'Unproven' leases, with no 3-D, no Oil and NG assets, no equipment, no NG pipelines on or leading to the  property, no working wells with zero Oil and NG income,... will bring closer to the low end.

  AMEP has an exceptionally good lease contract. The leases do not have to be renewed periodacially, because the production from the uppper formations holds the leases, while AMEP goes a little deeper for the lucrative Marble Falls, and the prolific Barnett Shale NG and high grade 'condensate oil' with their newly acquired drilling rig. Also the upper formations were poorly developed by the previous owner, and AMEP can develop many new, and higher production wells in the upper Strawn and Conglomerate formations. These wells are 'low cost' to drill and are done quickly as compared to the deeper horizontals AMEP will put into the Barnett, and later on the Marble Falls.

GLTY Pharubx,
...   %^  greeneyedhawk

[gmarc66]

Thursday, February 23 2006 8:30 AM, EST


American Energy Production Inc. Announces Major New Development and Strategic Acquisition


MINERAL WELLS, TX -- (MARKET WIRE) -- 02/23/06 -- American Energy Production Inc. (OTC BB: AMEP) is pleased to announce investee Bend Arch Petroleum has acquired another drilling rig in a joint venture agreement with Armadrill USA, a subsidiary of Aramadrill Mexico.

The acquisition consists of a Challenger 360 Drilling Rig capable of drilling to a depth of 6,000 feet as well as drilling horizontal wells in the Barnett Shale. In today's environment this deal greatly expands the business plan of Bend Arch Petroleum Inc. Profit potential for Bend Arch Petroleum Inc. will be greatly enhanced. Not only does this give the company the ability to use the rig on Bend Arch Petroleum's own drilling projects but management will now be able to contract the rig to other oil and natural gas operators for high drilling prices. The Challenger 360 rig will enable Bend Arch Petroleum to acquire working interests in other wells increases our diversification with drilling oil and natural gas wells and also producing oil and gas wells. Discussions are already underway on several drilling projects.

Charles Bitters, President of American Energy Production Inc., stated, "With the exception of the purchase of our Ideco H-40 Drilling Rig, this is the most significant development of our company to date. I believe this deal greatly improves our future balance sheet and will make the drilling operation more efficient. I believe we are positioning The Company to be a major player in the Barnett Shale natural gas play. Also, the alliance Bend Arch Petroleum Inc. and Armadrill USA have formed will enable Bend Arch Petroleum to buy drilling equipment out of Mexico that is not available in the United States at this time."

Like the Ideco H-40 rig, the Armadrill rig needs some preparation work. The rig is already in Bend Arch Petroleum yard in Mineral Wells, Texas, and is being worked on daily. Management looks forward to the announcement of our first drilling contract or first Company project in the Barnett Shale.

[greeneyedhawk]

AMEP Major NEWS, acquires 2nd Drilling rig: AMEP will fly!

American Energy Production Inc. Announces Major New Development and Strategic Acquisition
Thursday February 23, 8:30 am ET

MINERAL WELLS, TX--(MARKET WIRE)--Feb 23, 2006 -- American Energy Production Inc. (OTC BB:AMEP.OB - News) is pleased to announce investee Bend Arch Petroleum has acquired another drilling rig in a joint venture agreement with Armadrill USA, a subsidiary of Aramadrill Mexico.

The acquisition consists of a Challenger 360 Drilling Rig capable of drilling to a depth of 6,000 feet as well as drilling horizontal wells in the Barnett Shale. In today's environment this deal greatly expands the business plan of Bend Arch Petroleum Inc. Profit potential for Bend Arch Petroleum Inc. will be greatly enhanced. Not only does this give the company the ability to use the rig on Bend Arch Petroleum's own drilling projects but management will now be able to contract the rig to other oil and natural gas operators for high drilling prices. The Challenger 360 rig will enable Bend Arch Petroleum to acquire working interests in other wells increases our diversification with drilling oil and natural gas wells and also producing oil and gas wells. Discussions are already underway on several drilling projects.

Charles Bitters, President of American Energy Production Inc., stated, "With the exception of the purchase of our Ideco H-40 Drilling Rig, this is the most significant development of our company to date. I believe this deal greatly improves our future balance sheet and will make the drilling operation more efficient. I believe we are positioning The Company to be a major player in the Barnett Shale natural gas play. Also, the alliance Bend Arch Petroleum Inc. and Armadrill USA have formed will enable Bend Arch Petroleum to buy drilling equipment out of Mexico that is not available in the United States at this time."

Like the Ideco H-40 rig, the Armadrill rig needs some preparation work. The rig is already in Bend Arch Petroleum yard in Mineral Wells, Texas, and is being worked on daily. Management looks forward to the announcement of our first drilling contract or first Company project in the Barnett Shale.

FYI and DD,
...   %^  greeneyedhawk

[TD]

News must be comming spike up in volume & price late in day. Too bad we didn't get news early like somebody did. Maybe they got the new Riggs on site and working....

[TD]

Like I thought somebody got the word early as usual !...



AMEP -- American Energy Production, Inc.
Com ($0.0001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

American Energy Production Inc. Announces Update on Bend Arch Petroleum Hart #1 Natural Gas Well

MINERAL WELLS, TX, Mar 28, 2006 (MARKET WIRE via COMTEX) -- American Energy Production Inc. (OTC BB: AMEP) announced successful completion of drilling operations by Bend Arch Petroleum's Ideco H-40 drilling rig, Phantom Rig I on the Hart # 8 natural gas well. The drilling depth of the Bend Arch Petroleum's Hart # 8 reached 3,257 feet, the target depth of the original well plan to test the Keechi Farms Strawn sand.
The Hart # 8 natural gas well was electrically logged on March 12 and petroleum engineers determined the well bore has five potential oil and natural gas formations. 5 1/2' casing was cemented to the total depth of 3,257 feet. The Hart # 8 well has been acidized in the Keechi Farms Strawn sand and on Monday, March 27, the well was fractured stimulated. Management and treating company engineers determined the frac job was successful and now the frac water has to be recovered to determine the natural gas flow rate. The frac fluid should be recovered in four to seven days.

The Ideco Phantom Rig I will be moving to a second well on the Palo Pinto 12 well project and a location with a Ellenberger or a Mississippi reef high determined by the extensive seismic shoot recently completed by Bend Arch Petroleum Inc. will be the target. The seismic mapping determined the location to be 70+ feet high to other Ellenberger formations in the area. The new well will be drilled into the Ellenberger Formation and then electric logs will determine if the unusually high formation will be a successful oil or natural gas producer. The Barnett Shale formation is above the Ellenberger formation and engineers will determine if a horizontal completion is also available in the Barnett Shale since this location is approximately 1,000 feet from the Murphy #1 Barnett Shale well that has produced over $1,000,000.00 since July of 2004.

Charles Bitters, President of American Energy Production Inc., stated, "The Company is very excited with the opportunities that the Phantom Rig I will give Bend Arch Petroleum and Oil America Group to drill and participate in many new natural gas wells and oil wells. We believe the Company will expand its operations dramatically in the next few months."

About American Energy Production, Inc.

American Energy Production Inc. is a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company, once it establishes a majority position in a Company, can make a series of further investments in its 'investee.' A BDC company does not consolidate financial statements with its investees and each investee operates independently.

The value of a BDC is derived by adding the value of each of the investees. In the case of AMEP, each investee's oil and gas leases and producing properties and equipment will be evaluated by a oil and gas appraiser and then the independent members of the Board of Directors of AMEP will use this information along with other relevant facts and arrive at a value of each investee and the complete BDC.

For more information, please log on to our website: www.americanenergyproduction.com.

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 risk, 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.



American Energy Production Inc.
Charles Bitters
210-410-8158
www.americanenergyproduction.com
Or
Oil America Group Inc.
Joe Christopher
972-386-0601
[email protected]

[eagerlearner]

Good call TD! Applaud!
Technicaly it's in good shape too , broke out of symmetrical triangle yesterday with above avg volume, followed by news today .  small gap this morning and tight trading with sustained volume, which is good sign for continuation IMHO. added at open today for trading purpose.

glta 

[phabrux]

Hi Pharubx, You asked:

"about oil and gaz compagny,
does AMEP.ob need to own the field were they work?"
I just like to know more about the all subject.
Can you devellop about the all bizness of oil and gaz exctraction, the subject is so hot on those days!
Thanks."

Almost without exception, Oil and NG (Natural Gas) companies lease the land they drill and develop. The leasee gets a nice royalties on the sales, plus an upfront per acre payment. Usually the leasees royalties are between 15% to 35%

Thanks for your input greeneyedhav, I only saw your answer today!

[RJ]

I am certain that I am not the only one that has noticed the volume and price movement the last few days....and now we have just broke .10.......buying before the news maybe??

[greeneyedhawk]

AMEP closed UP 54 percent. This news release below regarding the companies assets is why. For some time the SP should trend up, in order to catch up with the new NAV ( Net Asset Value) just now entering on the books for AMEP in the newly released 10-K and next day press release, a huge NAV increase, the NAV is how a Business Development Company (BDC) like AMEP is valued:
-------------------- snip -------------------------------------------------------
Press Release Source: American Energy Production Inc.
American Energy Production Inc. Reports Fourth Quarter and 2005 Full Year Financial Results
Wednesday April 19, 2:22 pm ET

Stockholder Equity Increased 954% in 2005

MINERAL WELLS, TX--(MARKET WIRE)--Apr 19, 2006 -- American Energy Production Inc. (OTC BB:AMEP.OB - News) announced today the filing of it annual 10-K financial report ending December 31, 2005.
2005 Financial and Operational Highlights:

--  Net Income increased from (-$5,049,995) in 2004 to a positive
    $13,920,315 in 2005
--  Operating expenses decreased $939,415 in 2005
--  Interest expense decreased to $595,125 in 2005 from $3,820,828 in 2004
--  Cash flow increased to $471,339 in 2005 from $268,665 in 2004
--  Net asset value at beginning of period $.01; Net asset value at end of
    period $.05.
--  Total stockholders equity increased to $18,577,714 in 2005 from
    $1,946,766 in 2004

Charles Bitters, President of American Energy Production Inc., said, "The Company is very pleased with the progress of AMEP and its wholly owned investees Bend Arch Petroleum Inc., Production Resources Inc. and Oil America Group Corp. The annual financial report shows the building of an oil company one lease and one oil or natural gas well at a time, while cutting debt and liabilities as the Company grows. AMEP assets have increased to $18,577,714 with the acquisition of oil and gas leases, drilling rigs, oil and gas production equipment and rolling stock the investees have accumulated in 2004 and 2005. The investees have positioned themselves to take full advantage of the historically high oil and natural gas prices."

2006 OUTLOOK

American Energy Production Inc. and its investees will be able to participate in many more oil and natural gas projects because of the ownership of its own drilling rigs. This rig availability allows Bend Arch Petroleum Inc. to select and drill Barnett Shale prospects that have the most potential for success. With 7000+ acres of Barnett Shale leases in the Ft. Worth Basin, which are held by producing oil or gas wells, Bend Arch Petroleum will continue to drill and develop its own leases as well as joint venture with other local operators.

Production Resources Inc. located in Medina County, Texas is continuing with the testing of AMEP HOA-800 on the heavy oil produced from the Olmas formation. With world oil prices at new record levels the Company will be able to extend the testing to promising areas located on the 1700 acres currently owned by PRI.

Oil America Group Corp., located in Dallas, Texas is becoming a very integral investee of American Energy Production Inc. Joe Christopher, President of Oil America Group Corp., is currently structuring oil and natural gas partnerships to raise money to drill Barnett Shale acreage owned by Bend Arch Petroleum Inc. Many investors recognize high oil and natural gas prices at the pump may be offset by investing in their own oil or natural gas wells.

ABOUT AMEP

American Energy Production, Inc. ("American Energy," "the Company," "we," "us") is a publicly traded business development company that is engaged primarily in the investment in other companies that acquire, develop, produce, explore and sell oil and gas. The Company anticipates that the companies it has invested in will be able to sell all oil that it can produce to petroleum refiners and marketers under the terms of short-term purchase contracts and at prices in accordance with arrangements that are customary in the oil industry. Our capital is generally used by our portfolio companies to finance growth and working capital.
--------------------------------------------snip-------------
FYI and DD,
...   %^  greeneyedhawk

[OneStockMind]

I believe the oil prices didn't see the top this year yet.
AMEP is down with other oil companies but they have pretty good news and hopefully will recover (because I bought it
Here's the trend line as I see it:

[Stocky2000]

amep is starting to move i think