American Energy Production, Inc., Announces Fracture Stimulation of Barnett Shale Gas Well in Parker County, Texas.Energy Editors/Business Editors MINERAL WELLS Mineral Wells, city (1990 pop. 14,870), Palo Pinto and Parker counties, N Tex.; inc. 1882. Aluminum products, bottled mineral water, clothing, and pharmaceuticals are produced, and there is gas processing. , Texas--(BUSINESS WIRE)--May 19, 2004 American Energy Production, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMEP AMEP Adult Migrant English Program AMEP African Middle East Petroleum Co. AMEP Asymptotic Multi-User Error Probability AMEP Association for Medical Education in Pakistan AMEP Automated Missile Engagement Planner ), announced today its wholly-owned subsidiary, Bend Arch Petroleum, completed a fracture stimulation of the Youngblood #1, located in Parker County, Texas Parker County is a county located in the U.S. state of Texas. In 2000, its population was 98,495; in 2005, its population was estimated to be 102,801. The county is part of the Dallas/Fort Worth Metroplex. on May 16. The Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square fracture stimulation treated about 200 feet of formation with 7,000 barrels of fluids and 100,000 pounds of sand propant. The 30-35 barrels of fluids and sand were pumped at a pressure of 5000 PSI. Mike Hallford, fracturing engineer, stated, "The fracture stimulation of the Youngblood gas well was completed without any problems and this well should be commercially productive." Charles Bitters, President of American Energy Production, Inc., stated, "Fracturing the Youngblood #1 gas well will give Bend Arch Petroleum, Inc., an idea of the commercial natural gas potential of the Barnett Shale in Western Parker County. Bend Arch Petroleum, Inc., has leased acres in the area for three to five additional Barnett Shale natural gas wells. It will take a week to ten days to recover the 7000 barrels of fluids before a estimated natural gas flow potential can be determined." For more information on the Barnett Shale natural gas boom in North Texas and to view pictures of the Frac-Tech Services pumping equipment please go to AMEP web-site. http://www.americanenergyproduction.com. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. |
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