AMPW was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links.
AMPW acquired roughly 29,000 acres in Judith Basin County, Montana which make up the Pace Coal Project.
In 1979 Mobil Oil Co. (now ExxonMobil) drilled sample holes over 14,000 of the project’s acres.
Based on the 45 samples taken, five independent reports estimated there is between 172 to 410+ million tons of coal ready for extraction on the Pace Coal Project acreage.
The Walsh & Associates report estimated the Company’s second lease development area of ~15,000 acres represents a minimum of 150 million additional tons of coal.
The coal tested was found to be very high quality Bituminous B coal averaging 12,924 BTU on a dry & ash free basis and with only 3.16% sulfur content.
A report by Montana Tech in 2005 concluded that Pace Coal Project’s deposit can be physically developed for mining. The report went on to conclude that, based on the geology and surface topography, no significant mining problems are anticipated. However, the report recommended that additional exploration holes be drilled to develop additional cores, drill logs and electric logs for analysis and comparison with existing data.
In line with this recommendation, American Power has retained Weir International (“Weir”), an internationally recognized consulting company serving the mining and energy industries worldwide, as its mining consultant to conduct an exploration drilling program to further define coal reserves and resources on the Pace Coal property.
The infrastructure required for mining the coal is in place with a federal highway, 3 pipelines, and several electrical transmission lines running through or near the property. And with America’s largest railway network, the Burlington Northern Santa Fe (BNSF) railway line, running within our acreage, coal could be supplied to both national and international customers.
AMPW just hit a high of $1.52 before pulling back to an attractive $1.14 price
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