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Post# of 4967037
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JJSeabrook

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JJSeabrook

Re: None

Friday, 04/21/2006 8:37:11 AM

Friday, April 21, 2006 8:37:11 AM

Post# of 4967037
AMEP DD: New video, Its from 4/20 yesterday, rumor has it there maybe a huge PR 4/21 today.. The well has gas... Hart #8

http://oilamericagroup.com/projects.asp

Once the frac water is removed they will be able to get real numbers from the well. The most important thing is that THIS IS NOT A DRY WELL, and they already have approval to drill the next hole. The permit has already been inked, and it's a done deal.

600 PSI on Hart #8 Meter..................WOW!!!!!!!!!!

AMEP owns 100% of the the 7000 Barnett acres. How?, upper zones that are producing include the deeper rights. THIS IS KEY as many much bigger O&G companies do not have anywhere near that %. The last 10K is NOT up to date on the above Barnett valuation. Rig rates in Texas are rising daily and $7000 per day is not unusual......know that that is d**n near net because demand is so high for any rig and the producer NOW pays all costs like mud, water, bits etc. That used to be included....no more.

AMEP:

1. wholey owns 2 drilling rigs with capacity to drill 8,000 feet...much deeper than the Barnett......read.... at least one rig will provide a great cash influx drilling for others and the other rig will drill for AMEP AT COST thus making the net bottom line, to pay off any company well, much smaller.

2. NO DEBT


3. As of today, AMEP's 7000 Barnett acres have NOT been evaluated as to it's true potential.

4. Very low overhead as the company has a very savvy CEO that is INFIELD daily running operations.

5. Upper Zones wholey owned that in themselves can sustain PPS increases in these climbing O&G rates....Thank you China.

6. Steel prices....read casing, pumpjacks etc. are rising 5% per month in that Barnett boom. AMEP has wells to plug to use in new wells...very important to the bottom line

7. AMEP owns a pipeline that is a revenue source. This is never talked about but is a cash cow.

DD by makeithappen on TradersCorner board.



I am not a broker and profess to know nothing about trading stocks. Do your own DD. Buy, don't buy...sell, or don't sell at your own risk.

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