The fracture stimulation ("frack") program is a newly designed approach intended to break apart the reservoir allowing for a significant increase in the flow of oil. The process has proven to be highly effective in dramatically increasing production from the Mississippi formation elsewhere in the area. Currently, all requisite equipment has arrived onsite and efforts have commenced.
As previously reported, analogous vertical wells located nearby and to the north of NOS227 and having undergone an identical stimulation program have paid out in less than 90 days. The new completion technologies offer the potential to deliver vastly higher production through the use of the latest enhanced reservoir stimulation technologies. The "multi-stage surge frack" is a proven advanced technology that has delivered excellent results regionally and was chosen as the approach presenting the best potential yield results given the geology of the location. The frack of the well will stimulate 85 feet of the pay in the Mississippi Formation and American Petro-Hunter has targeted an initial production rate (I.P.R.) post-frack of 300 BPOD.
American Petro-Hunter has a 50% interest in the well and production from NOS227 will be sold alongside output from the No. 1 and NOJ26 wells to Sunoco, the regional purchaser. West Texas Intermediate Crude today has recently been priced at $112 per barrel and continues to rise based on instability in the Middle
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 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: www.americanpetrohunter.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
Visit the AAPH showcase profile at Investorideas.com
Request News and Info on AAPH
Disclosure, Disclaimer/ AAPH is a paid advertising client on Investorideas.com.
American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)
Request News and Info on AAPH
Disclosure, Disclaimer/ AAPH is a paid advertising client on Investorideas.com.
American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)
No comments:
Post a Comment