REASONS THIS STOCK COULD SOAR WHEN OIL PRICES SPIKE 50 - 100%

  • The company was founded by a former Exxon Mobil president responsible for 300,000 barrels of production a day (BOPD).
  • Management has invested over $1.5 MILLION in establishing the corporate structure, refining acquisition parameters and developing the current deal pipeline.
  • Current production averages 1133 barrels of oil per month (BOPM) representing 950,000 BO proved / probable reserves. This project is estimated to do 3400 BOPM after rework.
  • Proven and probable (2P) reserves associated with their Louisiana assets have a discounted present value (PV10) of $41,245,950 as of a March 1, 2011 reserve summary prepared by management, indicating attractive potential for growth.
  • Closed bridge financing for $150,000 and went public in 2011.
  • Plans to acquire over 1,500 acres with over 59 shut-in wells and 30 producing wells with 40 BOPD of current production, which will do 200 BOPD with minimal rework representing 2.1 MILLION barrels of proven reserves. A preliminary agreement has already been secured.
  • Plans to acquire and develop $200 MILLION in proven reserves.

Monday, August 15, 2011

American Petro-Hunter Contributes to Nation's Energy Needs


American Petro-Hunter (OTC.BB: AAPH) has recently outlined their campaign for drilling in Northern Oklahoma, announcing the next set of wells to be drilled of the 11 they anticipate completing through 2012.
In a June 2011 report Oklahoma's Oil and Natural Gas Industry Economic Impact and Jobs Report (www.oerb.com/Portals/0/docs/2011_Economic%20Impact%20and%20Jobs%20Report.pdf) Oklahoma accounts for nearly 3.5% of all US oil production or 67 million barrels. The state remains a key source of domestic energy needed to feed the US economy.
The development of natural gas fields in Oklahoma have been aided by advances in technology (horizontal drilling, fracturing, etc). These new techniques are employed by companies like Devon Energy (NYSE: DVN -News), EOG Resources (NYSE: EOG - News), Occidental Petroleum (NYSE: OXY - News) as well as American Petro-Hunter. As the discussion of an expanded role for natural gas in the nation's energy concern grows, Oklahoma will continue to be a top producing state. In 2009 Oklahoma produced over 8.5% of the nation's natural gas.
Source: Market Wire 
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