Business
Amen Properties Announces Purchase of 100% of SFF Production, LLC
Amen Properties Announces Purchase of 100% of SFF Production, LLC.
About this update from Amen Properties, Inc.
[{"type":"text","content":"\n \n Amen Properties, Inc. (OTC Pink: AMEN) today announced that on December \n 31, 2014 it completed the purchase of all minority interests in SFF \n Production, LLC. Amen now owns 100% of SFF Production, the entity that \n holds title to the working interests purchased from Santa Fe Energy \n Trust and Devon Energy Production Company back in 2007.\n \n \n Prior to this purchase, Amen owned approximately 81% of SFF Production. \n The minority interests were purchased for $1.3 million, almost all of \n which was paid via the issuance of 2,035 shares of Amen common stock at \n a value of $600 per share.\n \n \n About Amen Properties:\n \n \n Amen Properties owns a portfolio of cash-producing properties including \n real estate and oil and gas interests.\n \n \n Cautionary Statement:\n \n \n This document contains forward-looking statements, which involve a \n number of risks and uncertainties that could cause our actual results to \n differ materially from those reflected in the forward-looking \n statements. Forward-looking statements can be identified by use of the \n words \"expect,\" \"project,\" \"may,\" \"might,\" potential,\" and similar \n terms. AMEN Properties, Inc. (\"Amen\", \"we\" or the \"Company\") cautions \n readers that any forward-looking information is not a guarantee of \n future performance and that actual results could differ materially from \n those contained in the forward-looking information. Forward-looking \n statements involve a number of risks, uncertainties or other factors \n beyond Amen's control. These factors include, but are not limited to, \n our ability to implement our strategic initiatives, economic, political \n and market conditions and price fluctuations, government and industry \n regulation, U.S. and global competition and other factors. We undertake \n no obligation to update any forward-looking statement, whether as a \n result of new information, future events or otherwise.\n \n \n \n ","length":2365,"tagName":"div"}]