Interview With C.E.O. of Oil and Gas Company, American Petro-Hunter (OTCBB: AAPH)
POINT ROBERTS, WA and SCOTTSDALE, AZ - November 3, 2010 (Investorideas.com energy newswire) - www.InvestorIdeas.com announces a Q&A Interview with Robert McIntosh, President & C.E.O. of oil and gas company, American Petro-Hunter, Inc. (OTC.BB:AAPH).
Full Interview:
http://www.investorideas.com/CO/AAPH/news/11021.asp
In the recent Cohen Report, the company has a price target of $1.02. Is this based on oil prices staying the current range? And what other factors can change that target price either to the upside or downside?
A: Robert McIntosh, President & C.E.O.
The research report updates the recent development and progress of the Company's oil and gas production projects in Oklahoma and Kansas and concluded with a price target of $1.02 per share. The Grass Roots Research report states that American Petro-Hunter is "a lucrative investment opportunity in the oil and gas E&P space and provides an upside potential of 191.3% in the short and long term."
We did all our pro forma on oil at $70 so with it today at $80 we have a built in cushion for a decrease. Of course, risk in the energy sector is complicated and dependent on many factors such as US demand but we are in the heartland of Kansas and Oklahoma. Even if oil declines to $50 per barrel we will make money for our shareholders.
Q: InvestorIdeas.com
What is your growth strategy in Oklahoma Shale and why is it potentially similar to the Bakken region?
A: Robert McIntosh, President & C.E.O.
Shale plays for oil and gas are the new technology of the industry. Advancements in direction drilling and secondary recovery allow us to drill along these shales - they have oil it's been found and is more of an engineering issue to extract it, like oil sands. So we will have known predictable oil and not have to "wildcat" hoping to discover oil. The Bakken is 200 feet thick and is worth billions to the companies involved. Our Oklahoma shale is new and we are on the cutting edge of drilling leasing and production. And the majors are there -- Devon, Chesapeake, Newfield and others now producing gas from the Woodford shale in the south of the State.
It is my opinion that the Woodford is a "mini-Bakken" for now and can possibly be one of the biggest oil plays in Oklahoma history.
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