American Petro-Hunter, Inc. (OTCBB: AAPH) is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project. EquityNet Research recently put a $1.45, 12 -month price target on the stock. The basis for the target? - one of the key factors is the Oklahoma play- "The Company's primary producing properties will be on the Mississippi Formation in North Oklahoma and Kansas, and are classic over-producers. The Mississippi's geology is well understood as a result of the thousands of vertical wells drilled and produced there since the 1940s. The recent applications of horizontal drilling and multistagehydraulic fracturing, both utilized by AAPH, have demonstrated the potential for extracting significant additional quantities of oil and natural gas from the formation."
Full report: http://www.equitynet.net/pics/AAPH%20Report_Final.pdf
According to a recent article in Tulsa World, entitled, ' Oklahoma companies report boost in oil, gas reserves ', Oklahoma horizontal oil and gas stocks are ones to watch!
"Oklahoma's oil and natural gas industry has added almost 2,000 jobs from one year ago and there are 40 more drilling rigs actively exploring for oil and natural gas in Oklahoma than in 2010," he said. "The number of jobs and the number of wells drilled will only grow as Oklahoma companies continue their efforts to tap new resources."
Overall gas reserves for the publicly traded group of companies topped 174 trillion cubic feet by the end of fiscal 2010, a significant increase over that 156.2 TCF reported at the beginning of the year. Oil reserves jumped 11 percent to 17.8 billion barrels held by 50-plus publicly traded producers." Read more from this Tulsa World article at http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20110617_49_E1_Stagna456049
Latest Oklahoma Energy Stocks News: American Petro-Hunter Commences Oil Sales from Two New Wells at North Oklahoma Project
Company Projects over $4 Million/Year in Cumulative Oil Sales
SCOTTSDALE, AZ - June 28, 2011 - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is very pleased to advise that the inaugural sale of production from the NOM1H (horizontal well) and NOS122 oil wells will be shipped from the North Oklahoma Project storage tanks on July 1st to Sunoco, the purchaser of production from the project.
This inaugural oil shipment adds two more production wells to the Company's growing portfolio. These two wells add to production from the No. 1 and NOJ226 wells for a current total of four active producers on the North Oklahoma Project. When the anticipated commencement of production from the NOS227 well comes online shortly, it will bring to a total of five commercial wells in Oklahoma. The Company will be reporting production figures as oil is shipped from the tanks at month end once actual numbers are tabulated.
The Company is confident in establishing a cumulative daily net production total of 130 BPD over the next 30 days. This number represents production from 5 wells in Oklahoma and two in Kansas for a total of 7 wells. Additional barrels of oil and potentially significant BOE (barrels oil equivalent) of natural gas are anticipated once stable production rates are established.
About American Petro-Hunter, Inc. (OTC.BB: 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 the North Oklahoma 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. www.americanpetrohunter.com.
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American Petro-hunter Inc. (AAPH.OB) showcase energy stock on Investorideas.com and energy portals and blogs (averages two thousand per month)
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