Articles Tagged "oil sector"

American Petro-Hunter’s NOJ26 to Complete

American Petro-Hunter, Inc. (OTC:AAPH) reports its completion of the North Oklahoma oil project. The Company has been informed by the Operator that multiple zones in the target formations will be completed based on strong oil shows from two pay intervals of over 40 feet each. For complete news release, click here. For American Petro-Hunter’s company profile, click [...]

Hemisphere Energy Corporation Closes Private Placement Over One Million Dollars

Hemisphere Energy Corporation (CVE:HME) reports that it has closed its private placement announced July 7, 2010. The private placement consisted of five million and ten thousand units at a price of 20 cents per unit, for proceeds of $1,002,000. For complete news release, click here. For Hemisphere Energy’s company website, click here.

American Petro-Hunter to Drill Horizontal Well

American Petro-Hunter (OTC:AAPH) reports it is finalizing plans to drill a horizontal oil well on the North Oklahoma project leases located in Payne County, Oklahoma. The new well is designated NO4H and planned as a minimum 2,000 foot horizontal exploiting the productive shale horizon intersected in previous drilling. For complete news release, click here. For American [...]

American Petro-Hunter Announces July Oil Production of 1,280 Barrels at Postons Project

American Petro-Hunter, Inc. (OTC:AAPH)  reports the July oil production from the #1 and #3 Lutters wells at the Postons project, Trego County, Kansas. Management and engineers believe that oil production rates from the Postons project will reach the 100 BPD range once the #3 Lutters well reaches stable production. American Petro-Hunter’s President, Robert McIntosh says: “With the price of oil [...]

Primary Provides Update on Its Land Holdings

Primary Petroleum reports that the recent funding has eliminated all debts and has working capital of approximately $1.2 million. Primary holds 100% Working Interest (”W.I.”) in approximately 130,000 net acres in two Bakken potential prospects in Montana. Its Teton – Pondera lands consist of approximately 110,000 net acres [167 sections] and are located within the ‘Bakken fairway’ and on trend [...]