AMEP DD & RTQ for Natural Gas. Charts & Technical comments. AMEP has 7,000 acres in the prolific Barnett Shale Formation, the largest on-shore(that is good) Gas formation in the US, with a 100% blanket coverage, at +300' thick. No dry holes expected here on completed wells. AMEP's prime Barnett Shale acerage has quantities of high grade Oil being recovered with the Gas, a super plus, as most Barnett wells produce Gas only, ...in large MCF quantities though. Barnett wells are expected to produce for 20-30 years or more per the independent DD, and come back to near original production when r-fraced. The massive Barnett Shale Formation is THE source rock for the hydrocarbons of Gas and high grade Oil , another plus. Bullish news today, AMEP now has a Big Rig to develop the 7,000 acres with numerous high production horizontal wells. These horizontal are likely to be annually multi-million dollar producers EACH. How many wells will the TRRC allow AMEP to drill per acres? I am guessing 80, some say 40, but even a 160 will be fabulous revenues for AMEP. Makes no difference at this ulta low MC and SP. AMEP's wholly owned PRI has 193 Oil wells with working pumps to develop and bring into production, ...just getting that program started (see PRI's HOA-800 treatment announcement). A HUGE reserves of heavy oil iunder this lease, see the independent Oil engineering companies survey and report on the AMEP web site. Continuing to accumulate AMEP. GL all AMEP longs. ... %^ greeneyedhawk
Just Made the 50/200 MA Golden Cross.
Still early on the low SP:
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Month Click for chart Session Pr.Day Options Open High Low Last Time Sett Chg Vol Ticks Sett OpInt Oct 05 11.225 11.9 11.225 11.85 14:47 11.757 +0.285 42995 23534 11.472 80644 Call Put Nov 05 11.49 12.15 11.4 11.98 14:30 11.967 +0.31 13573 5500 11.657 48499 Call Put Dec 05 11.75 12.3 11.68 12.2 14:30 12.227 +0.32 7349 4569 11.907 40493 Call Put Jan 06 12.02 12.55 11.885 12.5 14:30 12.467 +0.32 9121 4602 12.147 38384 Call Put Feb 06 11.93 12.45 11.9 12.45 14:19 12.387 +0.3 5528 2036 12.087 21289 Call Put Mar 06 11.7 12.17 11.6 12.13 14:29 12.112 +0.285 5943 2584 11.827 41353 Call Put Apr 06 9.45 9.7 9.41 9.7 14:28 9.712 +0.125 2981 1546 9.587 23804 Call Put May 06 9.2 9.3 9.2 9.25 14:29 9.382 +0.125 1632 907 9.257 20697 Call Put Jun 06 9.3 9.33 9.15 9.25 14:28 9.411 +0.125 280 98 9.286 7737 Call Put Jul 06 9.35 9.4 9.23 9.26 14:28 9.452 +0.125 152 138 9.327 11858 Call Put Aug 06 9.4 9.4 9.272 9.37 14:27 9.494 +0.125 200 163 9.369 11136 Call Put Sep 06 9.35 9.35 9.33 9.34 14:03 9.474 +0.125 152 347 9.349 10201 Call Put Oct 06 9.4 9.45 9.289 9.3 13:34 9.504 +0.125 438 363 9.379 18502 Call Put Nov 06 9.63 9.7 9.63 9.7 11:45 9.864 +0.12 93 226 9.744 8521 Call Put Dec 06 9.994 10.1 9.91 10.1 12:07 10.204 +0.11 116 227 10.094 8428 Call Put Jan 07 10.25 10.35 10.25 10.35 14:26 10.469 +0.12 173 134 10.349 10090 Call Put Feb 07 10.27 10.27 10.27 10.27 11:46 10.449 +0.125 144 4 10.324 3312 Call Put Mar 07 9.95 10.05 9.95 10.05 11:46 10.224 +0.125 481 19 10.099 7965 Call Put Jun 07 - - - 8.554 - 8.554 +0.125 14 69 8.429 2580 Call Put Dec 07 - 8.89 9.27 8.85 12:45 9.359 +0.125 100 30 9.234 4468 Call Put
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