Investorideas.com energy stock news

Thursday, December 30, 2010

Wind Stocks; Superior Silver Mines, Inc. (OTCBB:SSVM) Announces Completion of Merger

Wallace, Id., December 30, 2010 (www.Investorideas.com renewable energy and green newswire) - Superior Silver Mines, Inc. (OTCBB:SSVM) (the "Company") announced it has completed a reverse merger transaction with Clean Wind Energy, Inc. ("Clean Wind"), which plans to design, develop and construct large downdraft towers to generate electricity and clean water economically. Today, Clean Wind became a wholly-owned subsidiary of the Company. As a result, the business operations of Clean Wind will comprise the Company's principal business operations going forward. The Company will continue to be traded on the OTCBB under the symbol SSVM.
Under the terms of the Agreement and Plan of Merger, dated December 29, 2010, by and among the Company, Clean Wind and Superior Silver Mines Acquisition Corp., a wholly-owned subsidiary of the Company, the Clean Wind stockholders were issued in exchange for their Clean Wind common stock, the right to receive an aggregate of 300,000,000 shares of the Company's common stock. Following the merger, the Company now has 327,055,199 shares of common stock issued and outstanding, of which the pre-merger stockholders of the Company own approximately 6% on a fully diluted basis and of which the pre-merger stockholders of Clean Wind own approximately 92% on a fully diluted basis.
In connection with the merger, Dale B. Lavigne resigned as a director of the Company and Ronald W. Pickett and Robert P. Crabb were appointed to the Company's Board of Directors to fill the vacancy created by Mr. Lavigne's resignation and a pre-existing vacancy.
Commenting on the transaction, Ronald W. Pickett, the Company's President, CEO and Chairman, stated, "the Clean Wind team has been working diligently this year merging proven techniques and refining known technologies to bring this clean renewable method of producing economical electricity to the market. We believe the best form of ownership for this business should be with the public and we are pleased to have accomplished that milestone through this merger."
Additional information about the merger and Clean Wind can be found in the Company's Current Report on Form 8-K to be filed with the Securities and Exchange Commission no later than January 5, 2011 as well as their web site www.cleanwindenergytower.com.
About Superior Silver Mines, Inc.
Prior to the closing, Superior Silver Mines, Inc. was a public "shell" company with nominal assets whose purpose was to seek, investigate and, if such investigation warranted, acquire an interest in business opportunities presented to it by other persons or firms.
Forward-Looking Statements
Statements about the Company's future expectations, including its plans to design, develop and construct large downdraft towers that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies, its intent to be prepared to establish partnerships - at home and abroad � to propagate these systems and meet increasing global demand for clean water and electricity, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. These risks and uncertainties include that it is an early stage company and has not yet commenced with the sale of its products, it has a history of losses, its strategies for development of the business might not be successful, it expects to rely upon strategic relationships in order to execute its business plan and it may not be able to consummate the strategic relationships necessary to execute its business plan, project development or construction activities may not be successful and proposed projects may not receive required permits or construction may not proceed as planned, potential future financings could involve a dilution of the interests of the stockholders of the Company upon the issuance of additional shares of Common Stock and/or other securities, its business is subject to significant government regulation and, as a result, changes to such regulations may adversely affect its business, its ability to successfully integrate the businesses of acquired companies, competitive and economic influences, as well as certain other risks. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 8-K to be filed no later than January 5, 2011, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

Tuesday, December 28, 2010

Energy Stocks; Trading Alert and Stock Chart for American Petro-Hunter (OTCBB: AAPH)

(OTCBB: AAPH) Trades up 12.97% on News



Point Roberts, WA. - December 28, 2010 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including energy stocks releases a trading alert and stock chart for showcase energy company American Petro-Hunter Inc (OTCBB: AAPH) following news of a second producing well at the North Oklahoma Project. The stock closed trading on Monday at $ 0.3344, up 0.0384 (12.97%).
News:American Petro-Hunter's (OTCBB: AAPH) North Oklahoma NOJ26 Oil Well Begins Commercial Production
SCOTTSDALE, AZ - December 27, 2010 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the NOJ26 oil well went on pump as of December 23rd at the North Oklahoma Project and is now in production. This is the second producing oil well at the project.
The well completion program is now finished having undergone a light fracture stimulation ("frack") and acidization of the upper Mississippi oil pay zone formation. Prior to the frack, the 40 foot pay zone was successfully tested and showed an oil cut of over 40% light oil which is now steadily increasing following the completion of the acid treatment.
Full news: http://www.investorideas.com/CO/AAPH/news/12271.asp
InvestorIdeas.com Newswire 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
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
Visit the showcase page on Investorideas.com
http://www.investorideas.com/CO/AAPH/
Equity research report on American Petro-Hunter Inc (OTCBB: AAPH) , byGrass Roots Research and Distribution, Inc., is available for energy investors to get more in-depth analysis of the company and its energy portfolio.  
Read the report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Request info on AAPH:
http://www.investorideas.com/Resources/Newsletter.asp
About Investor Ideas Oil and Gas portal: OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (twenty thousand November, two thousand December 2010). 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.
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C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.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)

Monday, December 27, 2010

Oil and Gas Stocks; American Petro-Hunter's (OTCBB: AAPH) North Oklahoma NOJ26 Oil Well Begins Commercial Production

SCOTTSDALE, AZ - December 27, 2010 (Investorideas.com energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the NOJ26 oil well went on pump as of December 23rd at the North Oklahoma Project and is now in production. This is the second producing oil well at the project.
The well completion program is now finished having undergone a light fracture stimulation ("frack") and acidization of the upper Mississippi oil pay zone formation. Prior to the frack, the 40 foot pay zone was successfully tested and showed an oil cut of over 40% light oil which is now steadily increasing following the completion of the acid treatment.
The well will require several days in order to establish a stable production rate as the remaining frack fluid load will be pumped off during this period. Once fluid removal is complete, the daily oil production rate can be established, which is currently anticipated for an initial production rate (I.P.) in excess of 125 BPD. Ultimately, the true test of the well will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that this early flash of oil will be followed by a period of well stabilization.
As reported earlier, the Company has engineered the next offset location near the NOJ26 and will be announcing a near term spud date sometime in January. With several high quality Mississippian and Woodford development locations engineered as well as exploration locations on the Company's leases, American Petro-Hunter is currently finalizing the 2011 drilling program and will update stakeholders when plans are complete.
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 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 www.americanpetrohunter.com
Contact:
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)

Thursday, December 23, 2010

Karl Miller Morning Market Update on Chesapeake Energy (NYSE: CHK)

December 23, 2010 (Investorideas.com energy newswire) - Energy Report from Karl Miller
Morning Market Update: Chesapeake Energy (NYSE: CHK) with price now above $25.60/share in morning trading, stock looks like and "extremely attractive short sale" at these inflated levels. Since November 30, 2010 CHK shares have risen over 21%, well ahead of the Company's ability to generate cash flow per share in 2011 and 2012 given capital expenditure commitments, leasehold obligations, and capped prices due to forward sales through volumetric production payments (VPP's).
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The oil and gas stocks directory lists publicly traded stocks from multiple global stock exchanges including TSX, ASX, OTC, NASDAQ and NYSE.
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This column, Energy Commentary from Karl Miller, is the opinion of Karl Miller. Content found in the articles is subject to the terms found in the InvestorIdeas.com disclaimer and does not represent a recommendation of investment advice by Mr. Miller. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.
Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp

Wednesday, December 22, 2010

Energy Market Update: Chesapeake Energy (NYSE: CHK) Fully Priced At $25/Share

December 22, 2010 (Investorideas.com energy newswire) - CHK is fully priced with speculative valuation embedded into the stock price following the announcement that Carl Icahn has taken a 5.8% stake in the Company.
Mr. Miller is a longtime advocate and supporter of CHK and has published many long term favorable opinions on the Company and its operations, due primarily to management's ability to execute on attracting large capital partners to offset substantial capital production cost and structure volumetric production payments (VPP's) on natural gas production.
However, investors must do their homework on CHK and Mr. Miller has been cautious in his recommendations that shareholders stage their capital at risk in CHK over time.
Mr. Miller believes that CHK is fully priced at $25.00/share given the substantial speculative price run up following Icahn Enterprises increasing their stake to 5.8%.
As a comparison, while Dynegy Inc. was relatively easy to manhandle by investors like Icahn Enterprises, due to extremely weak management and a fragmented shareholder base, CHK is well run at the operational level, a much larger enterprise, has multiple very large joint venture partners including Total, BP, Statoil, and other who will back up the Company in any attempt to disrupt its operations and their significant investments.
Mr. Miller believes it is very premature to assume that there will be any material control play in the near term on CHK and even if Icahn Enterprises does attempt to exert some influence, it will ultimately be minimal in the near term.
CHK is facing substantial valuation issues regarding the future value of cash flows, including potential implementation of what we refer to as "environmental taxes" on its natural gas fracking operations due to concerns regarding groundwater contamination, excessive drilling across the sector for the duration of 2011 (which is beyond CHK control), substantial leverage and debt service (interest payments), and carbon emission uncertainties, which all serve to place a "hard cap" on CHK common stock price, irrespective of any activist shareholder activities or desires.
The net result is that CHK all in production cost curve looks to be positioned to rise, while the natural gas price curve is subject to continued weakness due to industry capital expenditure and drilling commitments for 2011.
These factors, when combined with the uncertainties surrounding the production decline curves of the Shale Gas leaseholds lead to a near term price cap for CHK common stock.
Subscribe to Karl Miller and energy news here:
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Energy Investors can research energy stocks with the natural gas stocks directory:
http://www.investorideas.com/Companies/NaturalGas/Stock_List.asp
The oil and gas stocks directory lists publicly traded stocks from multiple global stock exchanges including TSX, ASX, OTC, NASDAQ and NYSE.
http://www.investorideas.com/OGSN/stock_list.asp
This column, Energy Commentary from Karl Miller, is the opinion of Karl Miller. Content found in the articles is subject to the terms found in the InvestorIdeas.com disclaimer and does not represent a recommendation of investment advice by Mr. Miller. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.
Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp

Tuesday, December 21, 2010

Oil and Gas stocks Trading Alert for December 21st; (OTCBB: AAPH), (NASDAQ:IVAN), (NASDAQ: ATPG), (NYSE:HAL)

Point Roberts, WA –December 21, 2010 (Investorideas.com Energy Newswire) -
InvestorIdeas.com, a leader in sector research for investors, reports on actively trading oil and
gas stocks to follow for December 21, 2010 . Energy stocks in the green include NASDAQ,
NYSE, TSX and OTC Stocks. Energy investors are bullish again as analysts predict $100 oil
around the corner.

Oil and Gas Stocks to watch include American Petro-hunter Inc (OTCBB: AAPH), Halliburton
Company (NYSE: HAL), ATP Oil & Gas Corp. (NASDAQ: ATPG), and Ivanhoe Energy Inc.
(NASDAQ: IVAN).

Energy investors actively traded shares of Ivanhoe Energy on news of a significant natural gas
discovery at Yixin-2 well on Zitong Block in China.

Energy Sector Snapshot: (Trading at time or release)

American Petro-hunter Inc (OTCBB: AAPH) trading at $0.31, up 0.01 (3.33%)
Halliburton Company (NYSE: HAL), trading at $40.31, up 0.16 (0.40%)
ATP Oil & Gas Corp. (NASDAQ: ATPG) trading at $15.57, up 0.40 (2.64%)
Ivanhoe Energy Inc. (NASDAQ: IVAN) trading at $2.85, up 0.31 (12.20%)

Oil and Gas Stocks News

American Petro-hunter Inc (OTCBB: AAPH) Recent News

American Petro-Hunter Finalizing Completion of NOJ26 Oil Well in Readiness for
Immediate Commercial Production

“SCOTTSDALE, AZ - December 13, 2010 (Investorideas.com energy newswire) – American
Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes
to announce that the Company has now reached the final stage of the ongoing well completion
program of the NOJ26 oil well at the North Oklahoma Project. The well is currently undergoing
preparations to commence commercial production.

The final stage of the completion program is underway and involves the acidization and a
light fracture stimulation of the upper Mississippi oil pay zone formation. Once the program is
concluded this week, the well will be put on pump for immediate production. Scheduling is on
track and facility infrastructure is readied for production and shipment of oil for sale.

As reported earlier, NOJ26 encountered a 40 foot oil pay zone in the Mississippi formation.
The Company and operator are encouraged by data at two analog wells producing from the
same formation less than 1/2 mile away which have cumulatively yielded 46,000 barrels of oil
and .75 BCF gas to date. It is anticipated that NOJ26 will produce an early flash of oil greater
than 100 barrels per day followed by a period of well stabilization. The true test of the well and
its subsequent flow rates will be based on the actual quantity of oil sent to the tanks over the
upcoming weeks and months ahead.”
Full News at: http://www.investorideas.com/CO/AAPH/news/12131.asp
Website: www.aaphreport.com

Visit the AAPH showcase profile on Investorideas.com to learn more:
http://www.investorideas.com/CO/AAPH/

Ivanhoe Energy Inc. (NASDAQ: IVAN)

Recent News:

Ivanhoe Energy announces significant natural gas discovery at Yixin-2 well on Zitong
Block in China
“CALGARY, Dec. 21 , David Dyck, President and Chief Operating Officer of Ivanhoe Energy
Inc. (TSX:IE. ), Robert Friedland, Co-Chairman of Ivanhoe Energy's China-focused subsidiary,
Sunwing Energy Ltd., and Gerry Moench, President of Sunwing, today announced a significant
gas discovery at Sunwing's Yixin-2 well in Southwest China.

Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10
million cubic feet per day during the initial 24-hour test period. Gas is flowing from the Xu-4
Formation, a well established gas-producing formation in the region.

"We're very pleased with these initial flow rates," Mr. Dyck said. "The rates recorded from the
Xu-4 Formation demonstrate the discovery's strong potential and are incentive for Sunwing
to continue with further development of the Xu-4 formation, and other structures in the Zitong
Block."

Following initial flow and pressure tests, the well has now been shut-in for pressure build-up.

Sunwing's 659,840-acre (1,031-square-mile) Zitong Block is in the Sichuan Province; the oldest
and one of the most productive gas-producing regions in China. Sinopec and PetroChina have
made significant gas discoveries from the Xu-2, Xu-4 and Permian formations in adjacent blocks.”
Full News at: http://finance.yahoo.com/news/Ivanhoe-Energy-announces-prnews-
3064802112.html?x=0&.v=24

Halliburton Company (NYSE: HAL)
Recent News:
Halliburton Confirms Agreement to Settle with Federal Government of Nigeria
“Halliburton announced today the resolution of the previously disclosed investigation by the
Federal Government of Nigeria (FGN) arising out of allegations of improper payments to
government officials in Nigeria in connection with the construction and subsequent expansion by
a joint venture known as TSKJ of a natural gas liquefaction project on Bonny Island, Nigeria, in
which Halliburton's former subsidiary KBR, Inc. had an approximate 25 percent interest.”
Full Article: http://finance.yahoo.com/news/Halliburton-Confirms-bw-1474652721.html?
x=0&.v=1
About Halliburton Company (NYSE: HAL)
Founded in 1919, Halliburton is one of the world’s largest providers of products and services
to the energy industry. With more than 55,000 employees in approximately 70 countries, the
company serves the upstream oil and gas industry throughout the lifecycle of the reservoir –
from locating hydrocarbons and managing geological data, to drilling and formation evaluation,
well construction and completion, and optimizing production through the life of the field. Visit the
company’s website at www.halliburton.com.

ATP Oil & Gas Corp. (NASDAQ: ATPG)
About ATP Oil & Gas Corp. (NASDAQ: ATPG): ATP Oil & Gas is focused on development and
production of oil and natural gas in the Gulf of Mexico and the North Sea. The company trades
publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil &
Gas Corporation, visit www.atpog.com.

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About our Oil and Gas portal:

www.OilandGasStocksNews.com is a global meeting place for investors and industry following the energy
sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles,
audio, research reports and our oil and gas and natural gas stock directories. Investors can also follow
energy commentary from energy expert Karl Miller.

Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf
of showcase energy stock AAPH (twenty thousand per month Nov- revised to two thousand Dec ).
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/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp

For info on American

For info on Investorideas.com
Contact:
C Van Zant: 800-665-0411 - cvanzant@investorideas.com

Source - Investorideas.com

Petro-hunter Inc (OTCBB: AAPH) contact the company IR directly.

Thursday, December 16, 2010

Energy Stocks News; TAG Oil (TSX-V: TAO) Acquires Offshore Exploration Acreage, Taranaki Basin, New Zealand

Vancouver, B.C. � December 16, 2010 (Investorideas.com Energy Stocks Newswire) � Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), announced today that the Company has completed the acquisition of a 20% interest in offshore exploration Permit PEP 52181, which covers a 42,379-acre area in the main Taranaki oil and gas discovery fairway.
PEP 52181, operated by a subsidiary of Australian-based Roc Oil Limited, is located just 8 km from shore and is in close proximity to existing infrastructure, making commercialization in the event of discovery efficient and cost effective.
InvestorIdeas.com Energy Newswire
The attractive Kaheru Prospect is situated in a successful discovery fairway and in close proximity to production infrastructure.
The Permit, which contains the Kaheru Prospect and numerous other leads, has extensive 2-D and 3-D seismic coverage, and has been identified to have high-impact exploration potential with a good chance for success. Kaheru is a Miocene-aged prospect on the same successful thrust belt play fairway as many significant Taranaki oil and gas fields, including: Rimu, Kauri, Manutahi immediately north, and the Tariki, Ahuroa, Waihapa and Ngaere (�TAWN�) fields further north. Immediately to the west, the large Kupe Gas-Condensate field is now also in full production.
Please link to our site for further information on TAG's Taranaki Basin oil and gas fields.
TAG Oil CEO Garth Johnson commented, �This new acquisition is an excellent addition to our Taranaki Basin prospect portfolio. The Kaheru Prospect brings TAG a significant amount of resource potential, and an opportunity to enter a new permit with a proven international offshore operator. We look forward to working with Roc Oil Limited and the other joint venture partners with a view to advancing Kaheru to the drilling phase.�
TAG is also pleased to report that production testing of the Cheal-BH-1 horizontal well continues, with the well now flowing oil, gas and fracture fluids. The Company anticipates that once all fracture fluids and excess fracture sand have been recovered, a reliable stabilized flow rate will be achieved. �TAG is very encouraged by the testing of the horizontal well thus far, as well as all of the results from workover operations on existing Cheal wells. This has resulted in TAG recently achieving the highest daily oil and gas production volume in Cheal's history.� continued Mr. Johnson.
More information on TAG's oil and gas production can be found on our website.
The Company will recommence drilling at Cheal and Sidewinder in February 2011. The program includes development and step-out drilling, as well as exploration drilling targeting high-impact prospects defined on 3-D seismic, all within the Company's 100%-controlled Taranaki Basin portfolio.
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian-listed company (TSX-V: TAO) with operations in New Zealand. With 100% control over all its core assets, including production infrastructure, TAG is anticipating production growth through development of multiple oil and gas discoveries in the Taranaki Basin and through high-impact exploration drilling on prospects identified over 3,500 sections of land.
In the East Coast Basin, TAG is pursuing the major unconventional resource potential that has been demonstrated in the Waipawa Black Shale and Whangai Shale source-rock formations that are widespread across the Company's acreage. The geological characteristics of these oil-rich, naturally fractured, thermally mature formations compare favorably to fractured shale formations such as the Bakken Shale in the Williston Basin and Liassic Shale in the Paris Basin.
Contact
Dan Brown or Garth Johnson
TAG Oil Ltd. 1-604-682-6496
TAG Oil website: http://www.tagoil.com/
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. These statements are based on certain factors and assumptions including those related to the exploration and development of TAG Oil's Kaheru Prospect and Cheal oil field and Sidewinder discovery in the Taranaki Basin of New Zealand. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that actual results realized in the future would be the same in whole or in part as those presented herein.
Factors that could cause actual results to differ from those contained in the forward-looking statements are set forth in, but are not limited to, filings that the Company and its independent evaluator have made, including the Company's most recent reports in Canada under National Instrument 51-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.