Point Roberts WA - November 5, 2010 (Investorideas.com Energy Newswire) � www.Investorideas.com reports on gold and energy stocks trading as commodities continue to run. Oil is trading at $86.60 and gold rises higher, trading at $1393.70.
Market Summary (at time of release)
- Dow 11,419.37 -15.47 -0.14%
- Nada 2,573.52 -3.82 -0.15%
- S&P 500 1,222.90 +1.84 +0.15%
- 10 Yr Bond (%) 2.5270% +0.0430
- Oil 86.60 +0.11 +0.13%
- Gold 1,393.70 +11.00 +0.80%
Trading November 5th (at time of release)
- American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at $0.32, up 0.0050 (1.59%)
- Barrick Gold Corporation (NYSE: ABX) trading at $49.67, up 0.36 (0.73%)
- Devon Energy Corporation (NYSE: DVN) trading at $70.14, up 0.54 (0.78%)
- Exxon Mobil Corporation Common (NYSE: XOM) trading at $69.94, up 0.56 (0.81%)
- Kinross Gold (TSX: K.TO) trading at $ 18.94, up 0.11 (0.58%)
- Suncor Energy Inc. (TSX: SU.TO) trading at $35.72, up 0.24 (0.68%)
- Yamana Gold, Inc. (NYSE:AUY) trading at $11.72, up 0.25 (2.18%) on over 5 million shares
American Petro-Hunter, Inc. (OTC.BB: AAPH)
American Petro-Hunter (OTCBB: AAPH) Updates Progress of NOJ26 Well Completion Program at North Oklahoma Project
SCOTTSDALE, AZ - November 4, 2010 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is pleased to provide this latest update regarding the ongoing completion program of the NOJ26 oil well at the North Oklahoma Project.
NOJ26 has undergone a successful fracture stimulation ("frac") program on the oil bearing shale formation. The operator has begun swabbing back the "frac" fluid load and reports that the procedure will be completed in 2 days following which a calculated BPD rate can be ascertained. The Company has been advised that as all pump and tank storage equipment has arrived on site and is ready for immediate installation it is anticipated that NOJ26 will be on pump and producing by early next week as it commences production from the shale formation. Ultimately, the true test of the shale will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that an early flash of oil will be followed by a period of stabilization.
Full news: http://www.investorideas.com/CO/AAPH/news/11041.asp
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More info: American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets.
www.americanpetrohunter.com
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1-888-521-7762
investors@americanpetrohunterinc.com
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