|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
As we move past mid-month, activity in most stocks is drying up with investors starting to think of activities more festive than trading stocks. Of course, the window of opportunity to pick up great deals will last another week or two, and that window is closing quickly. Mid-December is historically one of the best times to buy stocks. Be selective, and you can end up with a handsome short term profit.
|
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
American Petro-Hunter Updates Preparations for Oil Production at Rooney Project -- Company Adds Additional Acreage to Holdings
2010-01-04 09:00 ET - News Release SCOTTSDALE, AZ -- (MARKET WIRE) -- 01/04/10 American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today announced that site preparations at the #24-1 Double H well are nearing completion in readiness for the commencement of full scale commercial oil and gas production at the Kansas based Rooney Project. Surface facilities will be complete following this week's delivery of the 600 barrel tank battery thereby ensuring the well will go on pump January 9th at an anticipated rate of 200 barrels per day. The pump-jack, electrical supply and all onsite oil and gas lines have been installed. The natural gas line requires a 3/8th mile tie-in to a nearby commercial pipeline and is slated to be completed shortly. The Company is also pleased to report that an additional 3 sections of land totaling 1,920 acres have been leased increasing the current Rooney Project land position to over 7,000 acres. With plans to drill 10 wells in the upcoming year at the rate of one new well every month, the added acreage could result in the identification and development of further well locations subject to additional seismic research. As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy. About the Rooney Project: The Rooney Project is located in southwestern Ford County, Kansas 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H is anticipated to begin production at rates over 200 barrels per day. After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated well and oil pool is currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could enable the Company to add 8 additional wells to its portfolio by the end of the third quarter of 2010. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. Please visit American Petro Hunter - HOME to view background information on the project as well as recent photos of drilling operations in Kansas. About American Petro-Hunter, Inc. (OTCBB: AAPH) The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and plans to have the Rooney project in production shortly. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: American Petro Hunter - HOME Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission. ON BEHALF OF THE BOARD American Petro-Hunter, Inc. - - - - - - - - - - - - - - - - - - Robert McIntosh President & C.E.O. To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at American Petro Hunter - HOME |
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
This will rock - does anyone think there is not more oil on Rooney?
points from last NR 600 Barrel Tank battery are moved on site Goes on pump on Jan 9th - anticipated 200 BOE Flaring the gas for the first week until the pipe line is complete. Spud for # 2 is on January 27 10 drills planned over coming year at 1 drill per month 1,920 acres added to Rooney lease which may result in adding more drill locations (depends on seismic research) if this hole provides a confirmation on the initial downhole logs = 10 more holes = much larger resource calculation every month - LOOKOUT ABOVE! next week will prove interesting... |
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
American Petro-Hunter #24-1 Double H Well in Production at Rooney
2010-01-11 09:00 ET - News Release SCOTTSDALE, AZ -- (MARKET WIRE) -- 01/11/10 American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today is very pleased to announce that the #24-1 Double H well commenced oil production on January 4th. The Initial Production Rate (I.P.R.) has reached levels of 240 BPD equivalent (10 barrels per hour) at between a 75% to 98% oil cut. The oil to the tanks is actually being limited due to high gas pressures and gas flow estimated at 150,000 to 200,000 cubic feet per day levels (150-200 MCF per day). The operator is working to contain the gas as soon as a tie-in to a nearby pipeline can be accomplished. The high gas pressures have not dropped sufficiently to allow the free steady flow of oil to the tanks at this time. However, once the gas is contained the Company will achieve a definitive assessment of stable production rates which are indicated currently at over 200 barrels per day. The Company will report when further data on daily rates are received from the operator and will closely monitor production over the next 30 to 60 days. Predicting actual rates is approximate and the total barrels per day produced may exceed or be less than calculated therefore oil pumped to the tanks is the most accurate assessment of any early stage producer. In related news, an oil purchase contract has been executed with N.C.R.A. (National Co-op Refinery Assoc.) of McPherson, Kansas to purchase all production at the Rooney lease. The Company and operator have negotiated a premium to Kansas common oil prices reflecting the value and quality of the 44 degree oil being produced at Rooney. Also, NGPL-Midcont gas prices are currently trading in the $6.20 per MCF range. As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy. About the Rooney Project: The Rooney Project is located in southwestern Ford County, Kansas 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H is anticipated to begin production at rates over 200 barrels per day. After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated well and oil pool is currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could enable the Company to add 8 additional wells to its portfolio by the end of the third quarter of 2010. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. Please visit American Petro Hunter - HOME to view background information on the project as well as recent photos of drilling operations in Kansas. About American Petro-Hunter, Inc. (OTCBB: AAPH) The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and plans to have the Rooney project in production shortly. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: American Petro Hunter - HOME Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission. ON BEHALF OF THE BOARD American Petro-Hunter, Inc. - - - - - - - - - - - - - - - - - - Robert McIntosh President & C.E.O. |
|
|
Rate this post
|
|
|
|
|
Junior Trader
![]() Join Date: Jan 2010
Location: Kitsilano
Posts: 3
Favorites: CYNX AAPH WLON KLYG
Rep Power: 8
Reputation: 10
|
http://www.americanpetrohunterinc.co...aspx?nrnum=329
"The Initial Production Rate (I.P.R.) has reached levels of 240 BPD equivalent (10 barrels per hour) at between a 75% to 98% oil cut. The oil to the tanks is actually being limited due to high gas pressures and gas flow estimated at 150,000 to 200,000 cubic feet per day levels (150-200 MCF per day). The operator is working to contain the gas as soon as a tie-in to a nearby pipeline can be accomplished. The high gas pressures have not dropped sufficiently to allow the free steady flow of oil to the tanks at this time. However, once the gas is contained the Company will achieve a definitive assessment of stable production rates which are indicated currently at over 200 barrels per day." production flowed 20% higher that at initial testing... still too much pressure, hmmm... real daily numbers could still be higher... here come the step out wells... let's see 11 wells X say, 200 BOE per day X $80/Barrel = five million plus - and, even though on that project AAPH has 50% Working Interest, 40.75% NRI that is still over $2 million every month and that does not include the income from the natural gas still hovering though the stock price is looks like there is concern over the lack of completion - investors are waiting for final flow rates, a job unfinished could still go wrong. |
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
January jitters are causing this accumulation pattern IMHO
while I await news that they have the gas pressure under control they are still flowing 20% higher than the initial test and from what I understand the flow rate usually goes down when they begin production - so I am happy, happy to buy, happy to accumulate, happy to sell and happy to buy again... let's get this train outta the station!
|
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
analyst puts up 42.03 short term target in report: American Petro Hunter - News Releases
(mid term: $3.73 / long term: $5.15) totally based on this new oil field
|
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
this just keeps looking better and better - steady goes the race!
![]() American Petro Hunter - News Releases excerpt: SCOTTSDALE, AZ -- American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today wishes to provide a progress report regarding the previously announced installation of a natural gas pipeline at the Rooney project #24-1 Double H Oil & Gas Well in Kansas. The well has undergone a regimen of natural gas flow testing that resulted in a rate of 130 MMCF per day. This would be the anticipated production rate following the imminent tie-in to the pipeline. The pipeline construction is nearing completion and was subject to a short delay in obtaining a permit to bore under the US 60 State Highway. The Company has been advised that the requisite permit is due shortly and it is anticipated that the gas will be tied into the pipeline in approximately 7 days. The Company further wishes to report that the results of a gas analysis shows a BTU value of 1,527 and is of excellent quality containing various condensates of value. A contract has been executed with the local buyer and pipeline operator and all factors are now in place to commence commercial gas production shortly. NGPL-Midcont prices yesterday were quoted at $5.35 per MCF. As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program, and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy. |
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
company put out news yesterday that they will be spudding their first step-out well on Saturday the 13th and they expect to reach total depth (5,400 ft) 7 days later...
production will go up as will the prcie of this stock - IMHO
|
|
|
Rate this post
|
|
|
|
|
Trader
![]() Join Date: Jul 2009
Location: Vancouver
Posts: 49
Favorites: cynx:bb, cce:v, cml:v
Rep Power: 18
Reputation: 81
|
News release: American Petro-Hunter Announces Details of New Discovery at Rooney Project, Kansas
excerpt: "The production of oil at Rooney appears to represent the discovery of a new and unanticipated reservoir. This conclusion is based on data resulting from the test of promising 3D seismic information targeting the Morrow sands in the area. "During the drilling of the #24-1 Double H well, the Morrow formation was intersected with good oil and gas shows but little porosity and permeability. A timely decision was made to continue drilling to the Mississippian St. Louis Formation where the strike was subsequently achieved. The Rooney is producing oil and gas from this Mississippian Limestone reservoir and will be the primary focus of all upcoming exploration. "There appears to be great reserve potential in this limestone reservoir given the aerial extent throughout the acreage. The Company and engineers are now drawing direct analogous comparisons to the Ingalls field, which is another St. Louis Mississippian regional producer." read whole release: American Petro Hunter - News Releases |
|
|
Rate this post
|
![]() |
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Buy: ACAS - American Capital Ltd. | Sree | US Stock Picks | 22 | 01-13-2010 03:47 PM |
| On the Edge with Max Keiser . . . and Greg Hunter - 26 November 2009 - (2/3) | MaxKeiser | Max Keiser | 0 | 12-02-2009 04:40 AM |
| On the Edge with Max Keiser . . . and Greg Hunter - 26 November 2009 (3/3) | MaxKeiser | Max Keiser | 0 | 12-02-2009 04:40 AM |
| Watch: AMNE - AMERICAN GREEN GROUP INC | GregTheGreatONE | US Penny Stock Picks | 3 | 10-14-2009 06:19 PM |
| Spec: American Oriental Bioengineering - AOB | teenwolf41 | US Stock Picks | 1 | 08-02-2009 07:03 PM |
| Thread Tools | Search this Thread |
|
|