AENP American Energy Production, Inc. featured news, full reports, and detailed charts
American Energy Production, Inc. (AENP/AENP.OB) Wrap Up:
American Energy Production, Inc., through its subsidiaries, engages primarily in the acquisition, development, production, exploration, and sale of oil and natural gas in the United States. The company also involves in leasing programs; production acquisitions; and drilling and producing activities. It owns leases covering approximately 1,600 gross acres of land in Medina County, Texas; and leases covering approximately 6,200 gross acres of land primarily in the counties of Palo Pinto, Eastland, and Comanche, Texas. The company, formerly known as Communicate Now.com, Inc., was incorporated in 2000 and is based in Mineral Wells, Texas.www.americanenergyproduction.com
10 Employees
Founded in 2000
American Energy Production, Inc. (AENP:OTC Bulletin Board Market)
LAST $0.10 USD
CHANGE TODAY -0.0025 -2.38%
VOLUME 47.2K
As of 3:17 PM 11/19/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of American Energy Production, Inc. (AENP)
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OPEN
$0.11
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PREVIOUS CLOSE
$0.11
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DAY HIGH
$0.12
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DAY LOW
$0.10
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52 WEEK HIGH
08/6/09 - $0.15
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52 WEEK LOW
12/29/08 - $0.0001
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MARKET CAP
6.1M
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AVERAGE VOLUME 3 mo
13.3K
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DILUTED EPS TTM
$-0.06
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SHARES OUTSTANDING
59.6M
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AENP Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
AENP Top Compensated Officers
Mr. Charles Bitters
Chairman, Chief Executive Officer, President,...
Age: 63
Total Annual Compensation: $120.0K
Mr. Renny Walker
President of Production Resources Inc
Age: 56
Total Annual Compensation: $70.4K
Mr. Joe Christopher
Director and President of Oil America Group, ...
Total Annual Compensation: $65.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for American Energy Production, Inc. (AENP)
American Energy Production Inc. Announces Dorado Gold Mine Begins Processing Operations
10/13/2009
American Energy Production Inc. announced that it has began processing Gold from their latest acquisition, the Dorado Gold Mining Operation, an environmentally conscious mining project with two claims totaling 200 acres surrounded by 550,000 acres of the Trinity Alps Wilderness, located in California's original Gold Rush Country. AENP is an Oil and Natural Gas company in Texas that has now diversified with a new Placer Gold mining operation. The Dorado Gold Operation is two claims that are divided by the Canyon Creek and the East Fork of Canyon Creek. The Trinity Claim 1-8 is a Bureau of Land Management claim that covers 160 acres while The 'Oswald' Claim is owned in mineral fee and consists of 40 acres. The Dorado Gold Operation, legally referred to as The 'Oswald' Claim and Trinity Claim 1-8 use the 'Clean and Green' approach to mining gold. All operations are 100% chemical free, environmentally friendly, water based, and certified by the US Department of Forestry passing the most stringent of California's strict environmental protection regulations while still maximizing mining output. Unique classification stages include using chemical free water as a first stage recovery with no use of grinding material and still calculating a recovery rate of 95% of Gold Nuggets and Gold particles. A team of heavy equipment operators running bull dozers, front end loaders and excavators have been working for the past month focusing on refurbishing the equipment and processing plant to start to bring the claim up to full production.
American Energy Production Inc. Announces Auditor Changes
09/15/2009
On September 11, 2009, the Board of Directors of American Energy Production Inc. dismissed Seale and Beers, CPAs, its independent registered public accounting firm. On the same date, September 11, 2009, the accounting firm of Salberg & Company, P.A. was engaged as the company's new independent registered public accounting firm. The Board approved the dismissal of Seale and the engagement of Salberg as its independent registered public accounting firm.
American Energy Production, Inc. announced delayed 10-Q filing
08/17/2009
On 08/17/2009, American Energy Production, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
AENP Competitors
| Company | Last | Change | |
| No competitor information is available for AENP. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | AENP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.8x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 4.5x |
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AENP |
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AENP transactions
| Type Date |
Target |
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Merger/Acquisition
August 6, 2009 |
Dorado Gold, LLC and Master Petroleum, LLC |
More Recent News About American Energy Production, Inc.
More news for AENP
AMERICAN ENERGY PRODUCTION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following analysis of our financial condition and results of operations contained in this section should be read in conjunction with our financial statements and related notes and schedules thereto appearing elsewhere in this Quarterly Report, as well as the sections entitled "Selected Financial Data" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and related notes and schedules thereto included in our annual report on Form 10-K for the year ended December 31, 2008 filed with the SEC on May 6, 2009. This Quarterly Report, including the Management's Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs, and our assumptions. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", and "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation: • economic downturns or recessions may impair our portfolio companies' performance; • a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities; • the risks associated with the possible disruption in...Click here to read the whole Article (external link)
American Energy Production Inc. Announces Dorado Gold Mine Begins Processing Operations
WEAVERVILLE, CA--(Marketwire - 10/13/09) - American Energy Production Inc. (OTC.BB:AENP - News) announced today the company has began processing Gold from their latest acquisition, the Dorado Gold Mining Operation, an environmentally conscious mining project with two claims totaling 200 acres surrounded by 550,000 acres of the Trinity Alps Wilderness, located in California's original Gold Rush Country. AENP is an Oil and Natural Gas company in Texas that has now diversified with a new Placer Gold mining operation. The Dorado Gold Operation is two claims that are divided by the Canyon Creek and the East Fork of Canyon Creek. The Trinity Claim 1-8 is a Bureau of Land Management claim that covers 160 acres while The "Oswald" Claim is owned in mineral fee and consists of 40 acres. The Dorado Gold Operation, legally referred to as The "Oswald" Claim and Trinity Claim 1-8 use the "Clean and Green" approach to mining gold. All operations are 100% chemical free, environmentally friendly, water based, and certified by the US Department of Forestry passing the most stringent of California's strict environmental protection regulations while still maximizing mining output. Unique classification stages include using chemical free water as a first stage recovery with no use of grinding material and still calculating a recovery rate of 95 percent of Gold Nuggets and Gold particles.A team of heavy equipment operators running bull dozers, front end loaders and excavators have been working for the past month focusing on refurbishing the equ...Click here to read the whole Article (external link)
American Energy Production Inc. Announces Wholly Owned Subsidiary Oil America Group Inc. Will Manage Dorado Gold Mine in California
MINERAL WELLS, TX, Oct. 13 /PRNewswire-FirstCall/ - American Energy Production Inc. (OTC BB:AENP.OB - News) announced today that it's wholly owned subsidiary Oil America Group Inc. ("OAG") will operate the Dorado gold mine operation in Trinity County, California for the four month term of the operating agreement executed in July. Joe Christopher, President of OAG, will be the general manager of the mining operation and will arrive with 5 heavy equipment operators to commence mining this week. Mr. Christopher stated "We are very excited about this opportunity to be involved in one of the premier Gold mining areas in North America. We are expecting to obtain critical information about the Dorado mine over the next few months in relation to determining our next steps in this business strategy."Charles Bitters, President of American Energy Production Inc. said "we believe that along with the current economic disarray, certain economic experts are forecasting double digit inflation within a two year period. Bitters further stated that with productive gold mining properties, this would provide a hedge against this kind of economy event. Every country in the world is short of gold reserves and the price of gold could rise significantly in the future above the current price of approximately $1,000 per ounce."The Dorado mine is located in Trinity County, California where gold has been successfully mined since the 1880's. A tremendous amount of gold has been mined in this county along with other minerals such as silver and platinum. In 1917, approximately 25,000 ounces of gold was produced in Trinity County and at today's prices, would be approximately $25,000,000.Mr. Christopher will be searching for the "hot spots" or areas where there are black sand deposits. Where you find black sand deposits, you usually find placer gold. Mr. Christophe...Click here to read the whole Article (external link)
AMERICAN ENERGY PRODUCTION INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
American Energy Production Inc. Announces Wholly Owned Subsidiary Oil America Group Inc. Will Manage Dorado Gold Mine in California
MINERAL WELLS, TX, Sept. 16 /PRNewswire-FirstCall/ - American Energy Production Inc. (OTC BB:AENP.OB - News) announced today that its wholly owned subsidiary Oil America Group Inc. ("OAG") will operate the Dorado gold mine operation in Trinity County, California for the four month term of the operating agreement executed in July. Joe Christopher, President of OAG, will be the general manager of the mining operation and will arrive with 5 heavy equipment operators to commence mining this week. Mr. Christopher stated, "We are very excited about this opportunity to be involved in one of the premier Gold mining areas in North America. We are expecting to obtain critical information about the Dorado mine over the next few months in relation to determining our next steps in this business strategy."Charles Bitters, President of American Energy Production Inc. said, "We believe that along with the current economic disarray, certain economic experts are forecasting double digit inflation within a two year period. Bitters further stated that with productive gold mining properties, this would provide a hedge against this kind of economy event. Every country in the world is short of gold reserves and the price of gold could rise significantly in the future above the current price of approximately $1,000 per ounce."The Dorado mine is located in Trinity County, California where gold has been successfully mined since the 1880's. A tremendous amount of gold has been mined in this county along with other minerals such as silver and platinum. In 1917, approximately 25,000 ounces of gold was produced in Trinity County and at today's prices, would be approximately $25,000,000.Mr. Christopher will be searching for the "hot spots" or areas where there are black sand deposits. Where you find black sand deposits, you usually find Placer gold. Mr. Christop...Click here to read the whole Article (external link)
AMERICAN ENERGY PRODUCTION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following analysis of our financial condition and results of operations contained in this section should be read in conjunction with our financial statements and related notes and schedules thereto appearing elsewhere in this Quarterly Report, as well as the sections entitled "Selected Financial Data" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and related notes and schedules thereto included in our annual report on Form 10-K for the year ended December 31, 2008 filed with the SEC on May 6, 2009. This Quarterly Report, including the Management's Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs, and our assumptions. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", and "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation: • economic downturns or recessions may impair our portfolio companies' performance; • a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities; • the risks associated with the possible disruption in...Click here to read the whole Article (external link)
AMERICAN ENERGY PRODUCTION INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements a
Show all filings for AMERICAN ENERGY PRODUCTION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN ENERGY PRODUCTION INC 11-Aug-2009Entry into a Material Definitive Agreement, Financial Statements a Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All infor...Click here to read the whole Article (external link)
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