American Energy Production Inc. Announces First Quarter Production Revenues for Two Wholly Owned Investees.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 today the first quarter Production Revenues for two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Production Resources Inc. and Bend Arch Petroleum Inc. American Energy Production Inc. subsidiary, Production Resources Inc., sold approximately 1931barrels of oil in January, February and March for total net oil revenue of $76,428. Bend Arch Petroleum Inc. in January, February and March sold 4517 barrels of oil for approximate total gross revenue of $223, 635.,and natural gas production of 34,835 MCF and approximate gross revenue of $188,848. Total gross revenues for Bend Arch Petroleum and Production Resources Inc. totaled $488,911. Charles Bitters, President of American Energy Production, Inc., stated, "Bend Arch Petroleum will commence deepening a 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 well to the Marble Falls formation in the next two weeks to define the field boundaries on its 12 wells Palo Pinto Project where the company recently completed a Marble Falls well that produced gross oil and gas income of approximately $120,000 in the 30 days. If this well is successful then an evaluation will be made to drill several new wells." American Energy Production Inc. wholly owned investee Oil America Group is putting together a three well horizontal drilling program to test 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 formation on three leases acquired from Bend Arch Production Inc. For more information contact J. Christopher at 972-386-0601 or Jchristopher@oilamericagroup.com 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. Activities during this stage include acquisition of 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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