Posted on 18 March 2012. Tags: aaph
Outstanding Shares: 28.3M
American Petro-Hunter Inc. (AAPH) is a 1996 founded natural gas and oil exploration and production company based in Scottsdale, Arizona that is focusing on the exploration, development, and production of oil and gas reserves within the U.S to decrease American dependency on foreign oil.
AAPH’s primary goal is aimed at becoming a 1,000 Barrel of Oil Equivalent (BOE) producer which has accordingly created multiple projects within the 11,613 acres AAPH owns exploration rights in the Oklahoma and Kansas states. Among these acres, AAPH has the following wells in production and those in potential development of being drilled:
AAPH has completed two additional horizontal wells in the North Oklahoma region with a third well in its final stages of completion prior to full oil and gas production. In addition to these current projects, AAPH is nearing commencement of its new South Oklahoma project that is comprised of over 5,000 acres with contracts already in place for its future production. Preparation for the site, including spud on, for AAPH’s new project is estimated to begin on the last week of this month. However, AAPH and its engineers have already identified future development of 18-24 locations for additional horizontal wells. AAPH is anticipating to have a minimum of 3 to 4 wells drilled for 2012.
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