American Energy Production Inc. Announces Final Agreement to Acquire Oil America Group Inc.MINERAL WELLS, Texas Mineral Wells is a city in Palo Pinto County, Texas and a portion of Parker County, Texas. The population was 16,946 at the 2000 census. The city is named for mineral springs in the area, which were highly popular in the early 1900s. -- 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 the completion and signing of a definitive agreement to acquire all of the outstanding stock of Oil America Group Inc of Dallas. The transaction was structured as a stock for stock exchange with AMEP acquiring all of the issued and outstanding stock of Oil America Group. Under the terms of the agreement the stock received by the Oil America Group stockholders will be restricted from sale for a period of one year. Charles Bitters, President of AMEP stated, "The acquisition of Oil America Group provides a strong link with our oil and gas operating investments. Oil America Group gives us an established office in Dallas along with financial and geological resources to launch programs to explore and develop the oil and gas properties that have been accumulated by our wholly owned investee Bend Arch Petroleum." Oil America Group will sponsor drilling and re-development programs on much of the more than 8,000 acres of oil and gas mineral leases held by Bend Arch Petroleum Inc., in the lucrative 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 formation area. Oil America is currently sponsoring the Padgett Ranch Limited # 1 Re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the Program. The partnership will supply as much as $1,000,000 to re-work the existing oil and gas wells on the Padgett Ranch Property owned by Bend Arch Petroleum. "Favorable market conditions along with existing sales contracts Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. and gas pipeline in place make the Padgett Ranch re-entry program a practical low risk prospect for the Oil America Group investors," said Joe Christopher Joseph O'Neal (Joe) Christopher (born December 13, 1935 in Frederiksted, U.S. Virgin Islands) is a former outfielder who played in Major League Baseball from 1959 through 1966. Listed at 5' 10", 175 lbs., he batted and threw right handed. President of Oil America. "We believe that our combination with AMEP will provide many advantages to our partners now and in the future." About American Energy Production, Inc.: AMEP was founded in 2000 and in 2003 upon the acquisition of certain oil and gas assets, the company entered a new development stage becoming a Business Development Company in January 2004. Activities during this stage include acquisition of subsidiaries, additional assets, developing and implementing a plan to extract oil and gas, acquiring certain rights to and utilizing an oil recovery additive, completing initial sales of oil and gas, and raising capital. The company has determined that its operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. best approximates that of an investment company and intends to make investments into developing businesses in oil and gas related industries. Please see www.americanenergyproduction.com. Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Energy Production Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at www.sec.gov under "Search for Company Filings." |
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