Past year: ▲ 142%(4.02 – 10.41 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Aug 2006drilling progress report● Neutral
Reported second-quarter profit of $2.1 million, but almost all of it came from selling the Bear Creek project and part of Goliath plus a $1.5 million finder's fee; actual oil and gas sales were about $0.2 million. Management warned there would be no comparable sales or fees in the second half, so the underlying business remains pre-production.
21 June 2005drilling result▲ GoodMajor
Two months after the Tower Colombia merger closed and put its executives in charge, American Oil & Gas reported gas and condensate flowing to surface from the Sims 16-26 well at the Fetter project, drilled underbalanced into the Niobrara and Frontier. Management would not call it commercial, and the partners had yet to decide whether to drill deeper or complete where they were.
