Point Roberts, WA –December 6, 2010 (Investorideas.com Newswire) - InvestorIdeas.com, leader in sector research for investors, including energy stocks, reports on recent news and trading for December 6th , featuring NASDAQ, NYSE and Microcap Energy stocks. With oil prices today in the $89 range, some analysts see it going to $91 shortly . Oil at this $89 range brings
it to the highest levels since early October, 2008.
Oil and Gas Stocks included in the report; American Petro-hunter Inc (OTCBB: AAPH), AROWAY MINERALS INC. (TSX-V: ARW), Rosetta Resources, Inc. (NASDAQ: ROSE), Sandridge Energy Inc. (NYSE: SD ), and Petroleo Brasileiro S.A. - Petro (NYSE: PBR)
Energy Stocks Trading December 6, 2010 (at time of release)
AROWAY MINERALS INC. (TSX-V: ARW) trading at $ 0.53
Petroleo Brasileiro S.A. - Petro (NYSE: PBR) trading at $34.55, up 0.17 (0.47%) on over 6 Million shares in volume
Rosetta Resources, Inc. (NASDAQ: ROSE) trading at $38.22, up 0.52 (1.38%) on over 300,000 shares in volume
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at $0.27
Sandridge Energy Inc. (NYSE: SD ) trading at $5.91, up 0.28 (4.88%)
Oil and Gas Stocks to Watch News
American Petro-hunter Inc (OTCBB: AAPH)
Oil and Gas Stocks Research; Central Valley Has Largest California Oil Find in 35 Years
CFA Commentary on (OTC.BB: AAPH), (NYSE:OXY), (NYSE:BRY), (NASDAQ:BEXP), (NASDAQ:BBEP)
“American Petro-Hunter's Sacramento Gas Project is estimated to contain 42 billion cubic feet of potential recoverable reserves. The gas is found at depths of 7,400 feet in a 50 foot sand pay zone. Third party engineers think a commercial well on the site could easily achieve initial production of 5,000 Mcf of gas per day. Output from nearby analog gas fields supports the expectation of high production rates. These fields currently produce between 2,000 and 4,000 Mcf of gas per day. The close proximity of American Petro-Hunter's prospect to the Union Island, McMullin Ranch and Vernalis fields also suggest the presence of sizable gas reserves. These fields are estimated to contain in aggregate over 437 billion cubic feet of natural gas.
American Petro-Hunter (OTC.BB: AAPH) and its partner completed seismic testing at the Sacramento Gas Project last year and are combining this data with seismic reports purchased from other engineering firms. The seismic data will be used to identify promising drill targets. American Petro-Hunter expects to complete drill site selection early next year. Once the drill site is chosen, preparations for drilling will begin almost immediately. The company plans to drill a test well to 7,800 feet, which will hopefully confirm the presence of trapped gas already indicated by the 2D seismic data. Drilling of the test well will likely begin in the summer of 2011. American Petro-Hunter must wait until the dry summer months to drill because the site is close to sea level. A total of three wells are planned as part of the drilling program. Assuming gas is found in commercial quantities, American Petro-Hunter plans to sell its production to groups such as PG&E Citygate, which supplies natural gas for electric power generation in the Sacramento region. The company will benefit from California gas prices, which are among the highest in the country. Current gas prices for PGE-Citygate are around $4.50 per Mcf. “
Full Article: http://www.investorideas.com/
Sandridge Energy Inc. (NYSE: SD)
About Sandridge Energy Inc. (NYSE: SD)
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities and CO2 treating and transportation facilities and conduct marketing and tertiary oil recovery operations. In addition, Lariat Services, Inc., a wholly owned subsidiary of SandRidge, owns and operates a drilling rig and related oil field services business. SandRidge focuses its exploration and production activities in West Texas, the Permian Basin, the Mid-Continent, the Cotton Valley Trend in East Texas, the Gulf Coast, and the Gulf of Mexico.
More info at: http://www.sandridgeenergy.
Rosetta Resources, Inc. (NASDAQ: ROSE)
Latest News
Rosetta Resources Inc. Announces Third Quarter Results
“Rosetta Resources Inc. ("Rosetta" or the "Company") today announced financial and operating results for the third quarter of 2010 highlighted by continued positive results from its Eagle Ford resource play in South Texas. In less than one year, the liquids-rich region has become the largest producing area in the Company's portfolio.
Randy Limbacher, Rosetta's Chairman, CEO and President, said, "As we enter the final quarter of the year, the framework is in place for continued production growth and increased shareholder value. We continue to strengthen our position in the Eagle Ford play that is now the major base of production and reserves for the Company. During the quarter, we made significant progress on infrastructure projects that will ensure pipeline and processing capacity for current and projected production from the area for some time into the future. Better than expected results at Gates Ranch and successful drilling results on previously untested acreage are expanding our inventory of investment opportunities in the Eagle Ford play. We continue to assess an oil-producing province in the Southern Alberta Basin in northwest Montana. Our production is now comprised of more than 30 percent liquids and we will continue the sales of non-core assets to reduce our exposure to weak natural gas prices and to lower our cost structure. Rosetta today is a more focused, growth-oriented company with an extremely competitive position in one of the most active resource plays in the United States."
Full Article: http://finance.yahoo.com/news/
About Rosetta Resources, Inc. (NASDAQ: ROSE)
Rosetta Resources Inc. is an independent oil and gas company engaged in acquisition, exploration, development and production of oil and gas properties in North America. Its operations are concentrated in South Texas, the Rocky Mountains and the Sacramento Basin of California. Rosetta is a Delaware corporation based in Houston, Texas.
For more information, visit www.rosettaresources.com.
Petroleo Brasileiro S.A. - Petro (NYSE: PBR)
About Petroleo Brasileiro S.A. - Petro (NYSE: PBR)
Petróleo Brasileiro S.A. engages in exploring, exploiting, and producing oil from reservoir wells, shale, and other rocks; refining, processing, transporting, and trading oil and oil products, natural gas, and other fluid hydrocarbons; and other energy related activities. It operates in five segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas and Power; and International. The Exploration and Production segment engages in the exploration, development, and production of oil, liquefied natural gas, and natural gas in Brazil. It supplies its products to the refineries in Brazil, as well as sells surplus Brazilian production in domestic and foreign markets. This segment also involves in oil trading activities and transfers natural gas to the company’s Gas and Power segment. The Refining, Transportation, and Marketing segment involves in the purchase, refining, logistics, exportation, and transportation of crude oil, as well as in the purchase and commercialization activities for oil, oil products, and fuel alcohol. It also holds interests in petrochemical companies and fertilizer plants. The Distribution segment engages in the distribution of oil products and fuel alcohol in Brazil. The Gas and Power segment encompasses the purchase, sale, transportation, and distribution of natural gas produced in or imported into Brazil. This segment also engages in the production of electricity; and invests in the domestic natural gas transportation companies, state owned natural gas distributors, and thermoelectric companies. The International segment includes the exploration and production, refining, transportation, marketing, distribution, and gas and power activities in 21 countries outside Brazil. The company has a strategic partnership with Tereos Participacoes Ltda to acquire a 45.7% stake in Acucar Guarani S.A., a sugarcane processor in Brazil. Petróleo Brasileiro was founded in 1953 and is based in Rio de Janeiro, Brazil.
AROWAY MINERALS INC. (TSX-V: ARW):
Recent News
AROWAY MINERALS INC. (TSX-V: ARW; PINK: ARWJF) ANNOUNCES PEACE RIVER ARCHOPERATIONS UPDATE
“Vancouver, B.C., December 1, 2010 (Investorideas.com energy stocks newswire) – AROWAY MINERALS INC. (TSX-V:ARW; PINK:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce the following update on the Company’s joint venture drilling operations in the Peace River Arch area of Alberta. The Company’s first well remains on production and is producing oil, gas liquids and gas at a stabilized rate of approximately 100boe/day net to Aroway.
The second well of the exploration program has been drilled and cased and is awaiting the arrival of a service rig and related equipment to begin the well completion program. This multi prospect exploration well was drilled to an approximate depth of 2200 meters targeting the Leduc formation.”
Full Article: http://www.investorideas.com/
American Petro-hunter Inc (OTCBB: AAPH)
About American Petro-Hunter, Inc.
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 with new drilling activity and production underway at the North Oklahoma Oil Project. 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: http://www.aaphreport.com/
Visit the AAPH showcase profile at Investorideas.com
http://www.investorideas.com/
Request News and Info on AAPH
http://www.investorideas.com/
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China, India, the Middle East and Australia. Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
About our Oil and Gas portal:
OilandGasStocksNews.com Portal is a global meeting place for investors and industry following the sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our stock directories.
Disclaimer: The following news is paid for by third party on behalf of American Petro-hunter Inc, (twenty thousand per month) and AROWAY MINERALS INC. (two thousand per month) 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.
Investorideas.com Disclaimer: http://www.investorideas.com/
Investorideas.com Disclosure: http://www.investorideas.com/
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
No comments:
Post a Comment