Lebed.biz Alert – Special Alert: AAPH
American Petro-hunter Inc. (AAPH) is a junior crude oil and natural gas exploration company trading for $0.52 with a market cap of approximately $11 million, that just started production!
Oil production shipped from its Kansas-based Poston Project to regional purchaser N.C.R.A. for the month of July totaled 1,990 barrels of oil. This is the first full month of production for the #1 Lutters Well at Poston. Shipments to the oil purchaser are ongoing with transfers occurring approximately every three days.
AAPH has a 25% working interest in the Poston Project which has 750 gross acres of land under lease. AAPH is confident the the #1 Lutters Well can produce 70 – 75 barrels of oil per day (BOPD) and the field could produce over 200 BOPD when fully developed. Estimates are for recoverable barrels of oil to be up to 60,000 per well location, or 240,000 barrels total under lease with 4 locations drilled.
AAPH recently started drilling at the #1 Lee 18AB well at the Brinkman Prospect in Clark County, Kansas. AAPH announced on Tuesday that drilling has passed the 4,500 foot depth and has 1,000 feet remaining to drill. AAPH has a 25% working interest in the Brinkman Project which has 1,760 gross acres of land under lease.
AAPH projects initial production from the Brinkman Prospect to be 40 to 60 BOPD and believes a fully developed project could potentially have 200,000 barrels of recoverable reserves.
AAPH is also a natural gas play with a 25% working interest in the Sacramento Gas Project in Central Valley California. This project has 1,000+ gross acres under lease and Potential Recoverable Reserves have been calculated to be a whopping 42 BCF at a depth of only 7,400 feet. It is estimated that if the pay-zone is 100 percent gas filled and the well is brought into commercial production that an initial production rate of 5,000 Mcf per day will occur. AAPH expects to begin drilling their initial well at the project this summer with a 3 well program projected.
That’s not all, AAPH also has a 25% working interest in the Victory Gas Project located approximately 20 miles south of the city of Sacramento and is within the "Eastside Stratigraphic Trend" along the southern edge of the Sacramento Valley. The prospect encompasses 668 gross acres under lease and based on interpretation, has the potential to contain 8 BCF of natural gas.
Research AAPH today as a potential way to capitalize on rising crude oil and natural gas prices!
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My firm Lebed Biz LLC has been compensated by a third-party (Cosworth Communications Limited) $20,000 cash for a one-month AAPH investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
Staff
Jonathan Lebed
Lebed.biz
Staff
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