Oil and Gas Stocks Sector Close-Up; Trading for (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Point Roberts, WA – October 10, 2010 (Investorideas.com Energy Newswire) - InvestorIdeas.com, leader in sector research for investors, reports on Oil and Gas Stocks news and trading for Friday’s close for energy investors.
Oil and Gas Stocks include American Petro-hunter Inc (OTCBB: AAPH), United States Oil & Gas Corp (OTCQB: USOG), Chevron Corp (NYSE:CVX), and National Oilwell Varco, Inc (NYSE:NOV)
Sector Snapshot: (as of close Oct 8th)
American Petro-hunter Inc (OTCBB: AAPH) trading at $0.32
Market Snapshot:
Crude Oil Nov 10 83.13 +0.47 Crude Oil Nov 10
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Gold Oct 10 1,346.70 +3.80 Gold Oct 10
1d5d3m6m1y2y5ymax
Natural Gas Nov 10 3.64 -0.01 Natural Gas Nov 10
1d5d3m6m1y2y5ymax
RBOB Gasoline Nov 10 2.16 +0.01
Oil and Gas Stocks to Watch News
American Petro-hunter Inc (OTCBB: AAPH) Key Highlights and Recent Press
Latest News: October 4th
American Petro-Hunter Prepares NOJ26 for Commercial Oil Production at North Oklahoma Project
“American Petro-Hunter, Inc. is pleased to advise that the previously announced plans for completion of the NOJ26 well at the North Oklahoma Oil Project have commenced. Operations are now underway in order to prepare the well for commercial production. This includes the purchase of a pumping unit and tank battery which are currently undergoing installation at the well site.
Based on an assessment of the well and analysis of the oil shows, the partners have concluded to commence the completion program by first addressing the lower of the two 40 foot pay zones. The oil shale will be perforated, acidized and subsequently put on pump. The completion efforts will culminate in swab and flow testing of the oil bearing shale formation to determine what the zone can and will deliver on a BPD (barrel per day) basis. The Company is confident that based on strong oil shows and subject to fracture stimulation in the shale, the lower pay zone will produce at rates in excess of the No. 1 well which tested at 80 BPD under similar conditions. The upper pay zone directly above the shale at NOJ26 exhibited excellent oil shows and log responses and will be put into production following a period of evaluation in order to maximize the response from the shale..”
American Petro-hunter Inc. 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.
Website: http://www.aaphreport.com/
Visit the AAPH showcase profile on Investorideas.com to learn more:
American Petro-Hunter Inc., Key Highlights
-AAPH has acquired working interests in quality oil and gas projects currently focusing on gas in California and oil in Kansas
-AAPH has drilled a successful commercial well on its first endeavor in Kansas
-AAPH has aligned itself with prudent, experienced and effective oil and gas professionals as project operators.
-AAPH bases its acquisitions on a mix of acceptable risk, high reward and short payback in historically successful and productive regions.
-AAPH plans to "grow by the drill bit" in "our back yard" as we believe the US Domestic oil and gas market will continue to grow in the face of alternative energy which is deemed to be years from maturity.
-AAPH has the stated aim of becoming a 500 BOE producer within 18 months.
-AAPH plans to invest in projects with manageable participation expenditures so as to minimize share dilution.
-AAPH strives to build stakeholder value by prudent management that integrates a "shareholder first" philosophy.
-AAPH will be open, honest and transparent on all projects so as to ensure stakeholders receive accurate, up-to-date project information on a consistent basis
-AAPH will be a good corporate citizen, ensuring our operations meet or exceed all regulatory standards for the environment
-AAPH plans to continue the "hunt for petroleum" as it believes the answer to our reliance on foreign energy is "right next door."
United States Oil & Gas Corp (OTCQB: USOG)
Recent News: “United States Oil and Gas Corp is pleased to announce that as a result of its registration statement with the SEC becoming effective and remaining current in its required filings, its common shares are now trading on the OTC market for U.S. registered companies. The Company's ticker symbol, USOG, remains the same.”
About United States Oil & Gas Corp (OTCQB: USOG): United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville , Utica , and Palco , Kansas Bottineau , North Dakota
Chevron Corp (NYSE:CVX)
About Chevron Corp (NYSE:CVX): Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future; including bio-fuels. Chevron is based in San Ramon , Calif.
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