Point Roberts WA - November 5, 2010 (Investorideas.com Energy Newswire) � www.Investorideas.com reports on OTCBB Resource and Energy stocks trading as commodities continue to be market leaders. Oil is trading at $86.60 and gold moves higher, trading at $1393.70, touching $1400 during the day.
Market Summary (at time of release)
- Dow 11,413.95 -20.89 -0.18%
- NASDAQ 2,572.62 -4.72 -0.18%
- S&P 500 1,222.29 +1.23 +0.10%
- 10 Yr Bond (%) 2.5380% +0.0540
- Oil 86.13 -0.36 -0.42%
- 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%)
- Gold American Mining Corp., (OTCBB: SILA) trading at $0.72
- Strategic American Oil Corporation (OTCBB: SGCA) trading at $0.19, up 0.01 (3.35%)
- Bekem Metals, Inc. (OTCBB: BKMM) trading at $0.0150, up 0.0073 (94.81%)
American Petro-Hunter, Inc. (OTC.BB: AAPH)
American Petro-Hunter (OTCBB: AAPH) Updates Progress of NOJ26 Well Completion Program at North Oklahoma Project
"Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34" Written by Grass Roots Research and Distribution, Inc.
"AAPH is potentially a lucrative investment opportunity in the oil and gas E&P space and provides an upside potential of 191.3% in the short term and long term...." Written by Grass Roots Research and Distribution, Inc.
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
Strategic American Oil Corporation (OTCBB: SGCA) Recent News;
Strategic American Oil Corporation Identifies Additional Independent Oil Zone on Its Waterflood #1 Acreage in the Illinois Basin
Strategic American Oil Corporation (the "Company") is pleased to announce it has identified an additional oil zone on its Waterflood #1 (WF1) leased acreage in the Illinois Basin which the Company believes it can develop through primary recovery methods.
This primary production target zone is located at depths above 3,000 feet. The Company has leased approximately 500 acres over the WF1 in an effort to develop a waterflood recovery program to produce from a secondary oil zone identified through records made available by the Illinois State Geological Survey (ISGS). The Company will work to develop this new oil zone identified on its leased acreage through primary recovery efforts by drilling to evaluate the prospective subsurface geology.
Full Article: http://finance.yahoo.com/news/Strategic-American-Oil-pz-1170234037.html?x=0&.v=1
About Strategic American Oil Corporation
Strategic American Oil Corporation is a growth stage oil and natural gas exploration and production company with operations in Texas, Louisiana, and Illinois. The Company's team of geologists, engineers, and executives leverage 3D seismic data and other proven exploration and production technologies to locate and produce oil and natural gas in new and underexplored areas. The Company seeks accretive acquisitions of production, reserves, or other companies that will provide significant growth potential. Further information can be found on the Company's website at www.strategicamericanoil.com.
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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
Company Research
http://www.aaphreport.com/
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Contact American Petro-Hunter:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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