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 today back over $80 a barrel, the increase in output from the second producer at the field is very timely. We have begun plans to develop the location for the next well at this project and continue to evaluate the #3 well in order to obtain the maximum output of oil on a daily basis.”
For complete news release, click here.
For American Petro-Hunter’s company profile, click here.
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Thu, Aug 5, 2010
Post by Geetha Raghavan, Oil Research Manager