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AMEP.OB is starting up again

Started by golfqtee, June 30, 2005, 01:15:50 PM

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golfqtee

Must be the rise in oil?  I'm happy!!

golfqtee

Happy trading:

Press Release Source: American Energy Production Inc.


American Energy Production Inc. Announces Positive Testing Results with AMEP HOA-800
Wednesday July 6, 8:01 am ET


MINERAL WELLS, Texas--(BUSINESS WIRE)--July 6, 2005--American Energy Production Inc. (OTCBB: AMEP - News) announced today its wholly owned investee, Production Resources Inc. posted positive testing results after 8 months of testing various procedures utilizing AMEP 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.
Charles Bitters, President of American Energy Production Inc. stated, "PRI has been working extremely hard on achieving the desired results with AMEP HOA-800 and now believe its time to start expanding this treatment program. There is still room for improvement, but I believe PRI can now benefit because of current record high oil prices and increased production rates from the Olmos heavy oil sand field. This oil field is very difficult to produce because of the tight sand and the compaction of the heavy oil in the sand, still these are very exciting results."

Management cannot discuss the details and/or formulations being used with AMEP HOA- 800, but PRI believes the heat treatment once perfected can possibly be sold to other oil operators. The Company will keep investors informed of the expanded test results.

Update to investors.

With respect to AMEP's wholly owned investee Bend Arch Petroleum Inc., Nash 1-C Barnett Shale well. Management has been testing several uni-draulics jet pump down-hole assemblies to gain optimal results. The third jet assembly will be installed on Thursday July 8th and Bend Arch Petroleum should have results the week of July 12. Though initial results are positive Bend Arch Petroleum believes there can be improvements that will increase production rates. To view a current picture of the work over rig on the Nash 1-C well please follow this Link.

http://www.americanenergyproduction.com/projects_1.html

Also on June 28, 2005 AMEP announced that wholly owned investee Bend Arch Petroleum Inc. is in the process of filing permits to re-enter another well in the Barnett Shale formation located on its 12 well Palo Pinto Project. This well could be our most significant to date and a major milestone for the company due to the 1000 to 1500 horizontal lateral line that will be drilled in the Barnett Shale. In most scenarios a horizontal well will produce more oil and natural gas than a vertical well. The Company is extremely excited about the potential for this Barnett Shale well. Bend Arch Petroleum is in a great position to benefit from record high prices for oil and natural gas prices because the Company has accumulated over 7,000 acres of leases that have potential Barnett Shale production.

Bend Arch Petroleum Inc. and Oil America Group Inc. of Dallas, another 100% owned investee of AMEP, plan to offer drilling partnerships to potential investors to drill Barnett Shale wells on the above-mentioned properties in the near future. For more information contact Joe Christopher at Oil America Group Inc.

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.



--------------------------------------------------------------------------------
Contact:
     American Energy Production Inc.
     Charles Bitters, 210-410-8158
     www.americanenergyproduction.com
     or
     Oil America Group Inc., Dallas
     Joe Christopher, 972-386-0601
     [email protected]
     www.oilamericagroup.com



--------------------------------------------------------------------------------
Source: American Energy Production Inc.



cumulina

I use E*TRADE, and I'm about to have a heartattack : it shows AMEP up + 900%! :o

Anyone else???

Cheers?
Happy trading...

:)

Cumulina.

AussieTrader

Ha ha, bad fill  missing decimal point, nice for a few minutes.
AussieTrader
www.3stocksonfire.org

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atalltexan

Quote from: cumulina on July 07, 2005, 09:56:50 AM
I use E*TRADE, and I'm about to have a heartattack : it shows AMEP up + 900%! :o

Anyone else???

Cheers?

Yep, happenned on a couple of my stocks.  Took a couple minutes to correct.  I am on Ameritrade, and it showed the same.

phabrux

#5
10:36 0.0159 AMEP.OB  recovering from is low but is still below the 0.0175 level
establiish by Dave.
Lets hope for the best!

setravis

Maybe a bounce off the 200-day ema.
Could be ready to make a run north.
Support  0.01
Resistance @ 0.02....0.03
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

higherstocks

Buying tommorrow shakerz pushing this stock today.  will be a short trade.

higherstocks

Look for this to fly today.

digitx

How high do you expect it it to go.
Have a nice and profitable day

-digitx

runforthedoor


  Hi...I'm somewhat new here...been lurking quite awhile though.  ;) I must have missed it, but can someone direct me to this "shakerz" site please. Thanks

higherstocks

This is my first shakerz play.  Good move and what do you know shakerz recommends after close yesterday and we get 42 MILLION shares traded today.  Will hold to see how it opens tommorrow if she gaps up I will hold till the end of the day and definetly selling at the end of the end.  Nice short shakerz play.

higherstocks

gonna be huge today pumper emails out and shakerz pumping this morning.  easy money from pumping today

higherstocks

This ones a 5 bagger for sure with all the pub.  :o

Ramsburg


Power breakout... the volume will be bigger than yesterday...

I'v bought some for my personal portfolio today... Just to see if this time is the right time ;)
Frederick Ramsburg
www.3stocksonfire.org

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