American Petro-Hunter, Inc. (OTCBB: AAPH) provided further details of the Company’s North Oklahoma Project, and discuss the ongoing development plan for the 7 leases totaling over 1,000 acres located in Payne County, near Stillwater, Oklahoma.

The press release is quoted as saying:

The North Oklahoma Project has several prospective locations and the minimum 640 acres required to drill a 2,000 foot horizontal well and the operator is currently developing the engineering data and cost analysis in order to commence operations. Additionally, the Company has been presented with an opportunity to participate in another regional prospect offering a horizontal play scheduled to commence in September. The potential of a successful horizontal well in the Oklahoma shale has been estimated at between 1,000 and 1,200 barrels per day. It is the Company’s goal to participate in, drill and complete wells of this magnitude which would assist in meeting our stated goals and objectives.

Click here to access the entire press release

Click here to access American Petro-Hunter, Inc. Corporate Site

Comment

Tweet