American Energy Partners Inc (OTCMKTS: AEPT) is making a powerful run up the charts in recent days accelerating higher after the Company reported it had no knowledge of the unauthorized (and successful) promotional activity until after it was notified and give a copy of the promotional materials.
AEPT is pink current and has been around for years making a historic run back in early 2017. The Company has rising sales reported $259,976 in revenues for the 3 months ended September 30, 2020 up more than double the revenues for the same period last year.
American Energy Partners Inc (OTCMKTS: AEPT) and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and governments. The Company is led by CEO Brad J. Domitrovitsch whose entrepreneurial background spans multiple industries including recycling, water treatment, transportation, real estate and technology. Domitrovitsch was the Managing Member of HCPA for the last five years. Prior to his role at AEPT he was the president of a recycling company servicing the Northeast market. Domitrovitsch grew this company into a multi-million-dollar business and successfully exited his firm to form AEPT.
AEPT has a number of subsidiaries including Hydration Company of PA; engaged in the businesses of water exploration and water augmentation. Hydration provides a solution to locate, procure, treat, and distribute water.
American Energy Solutions, LLC AES is an industrial waste stream treatment company that intends to engage in the remediation of Superfund sites, coal ash, acid mine drainage, mine influenced water drill cuttings (horizontal direction drilling or “HDD” and vertical directional drilling or “VDD”), flowback (water and other debris that comes to the surface after a well is fracked), produced waters and other industrial processes.
Gilbert Oil and Gas, LLC GOG owns 15 oil and gas producing wells in Western Pennsylvania. Included in these assets are over 1,000 acres of shallow rights in the Tier I area of the wet Marcellus and dry Utica Shale. Gilbert will concentrate its initial capital inside the Marcellus & Utica formations where we can monetize existing water assets and treatment technologies in West Virginia, Pennsylvania, and Ohio.
Hickman Geological Consulting, LLC HGC is a full-service valuation and geotechnical consulting services company that focuses on the decision space between earth materials and financial matters. HGC provides valuation services for oil and natural gas minerals connected with estate planning, expert witness, lease negotiations, and mineral sales.
Oilfield Basics, LLC OB provides educational tools to companies including engineering and law firms, as well as services related to construction, drilling, flowback and completions. OB specializes in the educational marketing platforms of podcasts and videography to not only inform the public about their customer’s solutions, but also as a platform to discuss issues faced and opportunities present within the industry.OB was acquired by American Energy Partners, Inc. on January 27, 2020 in exchange for 1,000,000 shares of Class A common stock, having a fair value of $4,000.
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Oilfield Basic’s digital footprint is growing daily with the contribution of educational content from industry experts such as PIOGA. Below are a few of our highlighted analytics: Oilfield Basic’s website has been engaged in 73 countries, Podcasts have been viewed in 93 countries, We have reached six of seven continents with our digital content, Oilfield Basic’s website has been engaged in 43/50 US States and the podcasts have been downloaded in all 50 US States. In the past 30 days, total new followers have grown by 9.6%. We anticipate this to increase in future periods as digital learning moves away from the trend and towards the norm.
Josh Hickman, COO of AEPT, had this to say regarding his experience forming the partnership: “PIOGA is already a leader in Pennsylvania for oil and gas training and education. The addition of Oilfield Basic’s international audience and robust digital presence will allow PIOGA and its presenters to have an impact on the Energy Industry far beyond the borders of Pennsylvania.”
AEPT reported on December 14 after the stock runs over 700% in 2 dsays; the Company became aware of unusual trading activity of its stock on December 11, 2020. The Company had no knowledge of the unauthorized promotional activity until after it was notified and give a copy of the promotional materials. Neither the Compan nor its officers or directors were involved, directly or indirectly, with the creation, distribution or payment of the promotional materials related to the Company and its security. Neither the Company nor its officers or directors had control over the content of the promotional materials. These e-mails, newsletters and other electronic means of distribution were an unauthorized stock promotion that typically encourages readers to invest in the Company’s common stock and could contain false or misleading information. The Company wishes to express in the strongest possible terms that it had no knowledge of this third-party sponsored stock promotion and such promotion materials which included the Company’s logo and excerpts of it previously issued press releases were disseminated without the consent, approval, or permission from the Company. The Company will be investigating this unauthorized third-part conduct and make every attempt to identify the stock promoters who presented these unauthorized materials. The Company has determined that the content of the promotions contains incomplete an unvetted information with speculative language regarding the Company’s business performance and its shares.
$AEPT .0179 highs off
Today's volume of 71,750,844 shares is on pace to be much greater than AEPT's 10-day average volume of 24,269,811 shares.
Buy set forget stock continues
— Radio Silent (@RadioSilentplay) December 14, 2020
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AEPT is making a powerful run up the charts in recent days accelerating higher after the Company reported it had no knowledge of the unauthorized (and successful) promotional activity until after it was notified and give a copy of the promotional materials. AEPT is pink current and has been around for years making a historic run back in early 2017. The Company has rising sales reported $259,976 in revenues for the 3 months ended September 30, 2020 up more than double the revenues for the same period last year. We will be updating on AEPT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AEPT.
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Disclosure: we hold no position in AEPT either long or short and we have not been compensated for this article.