Point Roberts, WA - December 15, 2010 (Investorideas.com Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, releases a l trading alert and stock chart for showcase energy company American Petro-Hunter Inc (OTCBB: AAPH).
The stock traded up over 10% on the 13th, and traded as high as $.0.35, closing up another 3% on the day on the! 4th. Trading activity was following news that the Company has now reached the final stage of the ongoing well completion program of the NOJ26 oil well at the North Oklahoma Project. The well is currently undergoing preparations to commence commercial production.
Oil and Gas Stocks; American Petro-Hunter (OTCBB: AAPH) Finalizing Completion of NOJ26 Oil Well in Readiness for Immediate Commercial Production
Woodford Shale a "world class oil and gas target "- Robert McIntosh, President & C.E.O.of American Petro-Hunter, Inc. (OTC.BB: AAPH)
Point Roberts WA- December 9, 2010 .www.Investorideas.com, an investor research portal that specializes in sector research including energy stocks, reports on the Woodford Shale play as interest in energy stocks heats up.
The Woodford Shale formation has attracted some of the largest independent oil and gas companies including Devon Energy, XTO Energy, Petrohawk Energy, Southwestern Energy, Marathon Oil, Newfield Exploration and Continental Resources. Chesapeake Energy sold its Woodford position to BP in 2008.
Robert McIntosh, President & C.E.O.of American Petro-Hunter, Inc. (OTC.BB: AAPH) reports, "We are in the Woodford Shale Play, as it is becoming a major oil and gas producing reservoir across the Anadarko Basin, the Cherokee Platform and the Arkoma basin which trend east west across the State. Between 2003 and 2010, over 1,000 vertical and 300 horizontal wells have been drilled in the Woodford. Of these, 1,200 wells have produced 1.4 million barrels of oil and 560 billion cubic feet (Bcf) gas since 2004. The Woodford Shale has first generated the oil that filled many of the old, conventional reservoirs and now it's being exploited as a reservoir in its own right. It is truly becoming a "world class oil and gas target". All the majors are there. Devon is especially active and has just updated its 2010 Cana Project drilling plans where it now expects to drill 100 wells, up from the previously announced 80.
Oklahoma is one of the nation's premier oil-producing states and the Woodford is a unique reservoir that offers tremendous potential for both oil and gas. The key is identifying the oil bearing parts and engineering the horizontal wells to drill along the shale which will, after fracking the oil shale, produce oil in very profitable economic rates. These wells are not inexpensive as we estimate $1.75 to $2.2 million to drill and complete a 1,500 foot lateral. But the reward is huge-as a well may potentially deliver 500 to 1,000 barrels per day which would pay back the capital investment in rapid fashion and allow excellent cash flow for the growth of the Company's future. We feel we have a tremendous lease package that holds many locations for both horizontal and vertical wells and have implemented and planned an active 2011 drilling program."
About Investor Ideas Oil and Gas portal: OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (twenty thousand November, two thousand December 2010). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
The research report mentioned in this article is the content and opinion of Grass Roots Research and Distribution, Inc., not Investorideas.com or its related sites.
Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All Investment involves risk and possible loss of all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info