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Showing posts with label Petro-Hunter. Show all posts
Showing posts with label Petro-Hunter. Show all posts

Wednesday, August 17, 2011

American Petro-Hunter Starts Drill Site Ops at N. Oklahoma Proj.

- American Petro-Hunter Starts Drill Site Ops at N. Oklahoma Proj.

Wednesday, August 17, 2011
American Petro-Hunter Inc.

American Petro-Hunter announced that drill site operations have commenced in preparation for the next horizontal oil well at the Company's North Oklahoma Mississippi Project development.

Site arrangements are underway including permitting and requisite documentation in advance of the spud of the newly designated NOW-2H well. The directional drilling contractor has been secured and the Company expects a spud date shortly.

The well is a direct offset to the NOM-1H well, which began production in July and will involve a similar lateral drilling operation into the recently discovered Mississippi reservoir. The Company has purchased full working interest participation in up to 11 additional horizontal wells within the play with the NOW-2H becoming the 2nd well implemented under the planned development program.

The leases in the horizontal play are being developed on 80 acre parcels, however the well spacing will be evaluated after each well is put into production for a period of 30-45 days prior to engineering any additional infill wells. This prudently engineered plan will ensure the maintenance of reservoir integrity over the life of the proposed 24 month drilling schedule. The program is envisioned to involve the drilling of approximately one horizontal Mississippi formation well every 30 to 60 days.

Given the dramatically increased levels of activity in the area, rig availability has become a key scheduling issue. As a result, the Company and partners have accelerated the spud date of the NOW-2H and have further determined that the previously announced vertical NOS-2-22 required a shift to October based on current rig logistics which ultimately provides greater overall benefits allowing for improved operational efficiency across both wells.

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Wednesday, July 27, 2011

American Petro-Hunter Outlines Upcoming Drilling in Ok.

- American Petro-Hunter Outlines Upcoming Drilling in Ok.

Wednesday, July 27, 2011
American Petro-Hunter Inc.

American Petro-Hunter provided an outline of plans for the next two wells to be drilled at the Company's field development program at the North Oklahoma Project. These next wells in the series have been designated as NOS-2-22 and NOW-2H.

Preparations are now underway to commence drilling of the NOS-2-22 well with a scheduled spud date in approximately 2 weeks. The well is a direct offset to the producing NOS-1-22 well and has been engineered as a 3,500 foot vertical to exploit the productive oil bearing sand formation discovered in previous drilling. This is the first of potentially 3 offsets planned on this particular lease. With production facilities already in place, the drilling is hoped to add an additional 50 BPOD net to the Company by September. An exact spud date will be announced shortly.

The NOW-2H is scheduled as the second upcoming well and is a direct offset to the producing NOM-1H horizontal at the Company's Ripley leases. The well is slated to commence drilling in early September and will include a similar lateral targeting the newly discovered Mississippi reservoir.

As previously announced, American Petro-Hunter has locked in participation on an additional 11 horizontal wells at the Ripley Leases and the NOW-2H is the first of these to be drilled under the development program which is envisioned to involve the drilling of approximately one horizontal Mississippi well every 30 to 60 days. This judicious schedule would allow for a predictable time frame to drill, complete and emplace production facilities for both oil and gas sales every other month.

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Wednesday, July 20, 2011

American Petro-Hunter Adds Acreage in South Oklahoma

- American Petro-Hunter Adds Acreage in South Oklahoma

Wednesday, July 20, 2011
American Petro-Hunter Inc.

American Petro-Hunter has executed a Purchase and Sale Agreement which entitles American Petro-Hunter to acquire a 40% Working Interest in a minimum of 3,000 acres of lands in South-Central Oklahoma. The Company has designated the new acreage as the "South Oklahoma Project."

The acreage covers highly prospective Mississippi Limestone targets which, through detailed sub-surface geological mapping and extensive engineering, show Mississippi targets similar and analogous to the recently discovered oil and gas reservoir now being exploited at the North Oklahoma Project. Based on the commercial success of the NOM-1H horizontal well, and the Company's recently announced development plan for the Northern project area which includes an additional 11 horizontal wells, the new South Oklahoma Project offers considerable opportunities to increase the Company's presence in this increasingly important and highly productive region. Additional lands may be acquired and added to the 3,000 acres as leasing is ongoing.

Currently, the Company and engineers have identified 5 key areas under the 3,000 acres which, if developed on 160 acre spacing, could allow future development of 18 additional locations for horizontal wells. Over the next several months, targets will be refined and prioritized with plans to spud the first well in late 4Q or early 2012. The Northern and Southern project development strategy aims for synchronized operations with new drilling commencing every other month, thus ensuring a continuous area wide drilling program throughout the next 24 to 36 months.

Company President Robert McIntosh stated, "By adding these new South Oklahoma projects to our asset base, the Company forecasts the regional drilling of up to 29 horizontal wells in the future which, based on the results we have seen to date, will give American Petro-Hunter a key presence in the emerging Mississippi play and demonstrates that growth by the drill bit is a formula for success in Oklahoma."

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Monday, July 18, 2011

American Petro-Hunter Plans 11 Horizontal Wells for Okla. Project

- American Petro-Hunter Plans 11 Horizontal Wells for Okla. Project

Monday, July 18, 2011
American Petro-Hunter

American Petro-Hunter is pleased to announce updated plans regarding the Company's continued participation in a proposed field development horizontal drilling program of the Mississippi formation at the North Oklahoma Project.

Based on the commercial success of the recent NOM-1H horizontal well, the Company and working interest partners have determined that the development plan for this newly defined Mississippi oil and gas reservoir can accommodate the drilling of a minimum of 11 horizontal wells.

The drilling schedule, which includes direct offsets to the producing NOM-1H, will involve the drilling of approximately one horizontal Mississippi well every 30 to 60 days with plans to commence the program in early September. The schedule allows for a predictable time frame to drill, complete and put in requisite production facilities for both oil sales plus a gas line hook up every other month.

This aggressive drilling schedule signifies there will be well drilling, completion and potential production activity on the Ripley project leases for the remainder of 2011 and throughout 2012. In total, 12 production wells are targeted for the full development of the project.

The operator has further advised the Company that the same group of professional oil and gas contractors and engineers will be involved in all aspects of the engineering design, vertical and directional drilling of the proposed program as the group performed well above expectations on the drilling and completion of the NOM-1H well.

Company President Robert McIntosh states, "We couldn't be more pleased with the proposed engineering plans to drill 11 more horizontal wells on the Ripley leases. Our commitment to this project is indicative of how this area has become a core asset and means we aim to be very busy drilling wells in this area for the foreseeable future. The continued success of this project is poised to dictate our growth and will prove instrumental in meeting our long range production targets."

About American Petro-Hunter, Inc. (OTC.BB:AAPH - News)
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 and the North Oklahoma Project. With the achievable target of becoming a 1,000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: www.americanpetrohunter.com

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Tuesday, June 14, 2011

Well Completion Prog. Underway at American Petro-Hunter's N. Oklahoma Proj.

- Well Completion Prog. Underway at American Petro-Hunter's N. Oklahoma Proj.

Tuesday, June 14, 2011
American Petro-Hunter Inc.

American Petro-Hunter advised that the well completion program is fully underway and that production testing of the Mississippi oil formation is currently ongoing at the recently drilled NOM1H Horizontal well at the Company's growing North Oklahoma Project. The well is being readied and prepared for the onset of commercial production.

The completion phase of the well, including swab and production testing, is being undertaken in combination with the immediate installation of long term production facilities including a pumping unit, tank battery, ancillary metering and electrical equipment on the lease. The determination to rapidly move forward and complete the production facilities was based on a confident expectation that the Company will be generating oil sales from the lease near the end of June or early July.

A decision to move ahead with a full completion program was initiated when NOM1H reached the engineered T.D. of the 1,600 foot horizontal leg with excellent oil and gas shows encountered in the form of strong oil fluorescence; gassy oil shows and gas kicks along the drilled lateral. Subsequent results have offered continued favorably trending data, and as such, have reinforced the Company's expectations for viable commercial production at the lease.

The NOM1H well is the first of a planned series of horizontal wells designed to test and develop oil and gas in the 100 foot thick limestone Mississippi Formation.

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Wednesday, June 1, 2011

O&G Shows Found at American Petro-Hunter's Ok. Well

- O&G Shows Found at American Petro-Hunter's Ok. Well

Wednesday, June 01, 2011
American Petro-Hunter Inc.

American Petro-Hunter updated the progress of drilling activities currently underway at the NOM1H horizontal well located at the Company's North Oklahoma Project.

The well is making good progress and should reach its engineered lateral depth within the next few days. The operator has informed the Company that during the drilling of the horizontal section excellent oil and gas shows were encountered. The Company is very pleased to report it has been advised of strong oil fluorescence; gassy oil shows and gas kicks which are regarded as very positive developments.

Subsequently, the Company wishes to advise that the probability for the well to be completed as a commercial oil and gas producer is considered high. Once the well reaches the target distance of the lateral leg, the well bore will be immediately swab tested and further evaluated.

The NOM1H well is the first of a planned series of horizontal wells designed to test and develop oil and gas in the 100 foot thick limestone Mississippi Formation.

Company President Robert McIntosh stated, "We are extremely encouraged by the excellent oil and gas shows from our first horizontal well and couldn't be more pleased by the efforts of our operator and their engineering team as the initial information from them is beyond our expectations. As the well approaches completion, we are certain the partners will expedite the final tests and evaluation in anticipation of our inaugural horizontal well production."

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Wednesday, May 18, 2011

First HZ Well Spud at American Petro-Hunter's North OK. Proj.

- First HZ Well Spud at American Petro-Hunter's North OK. Proj.

Wednesday, May 18, 2011
American Petro-Hunter Inc.

American Petro-Hunter announced the spud of the NOM1H Horizontal well at the Company's North Oklahoma Project. Drilling commenced May 18 with the setting of surface casing and the well is drilling ahead.

This is the Company's first horizontal well and is the inaugural well in a planned series of horizontal wells designed to exploit the 100-foot thick limestone known as the Mississippi Formation. The NOM1H well is expected to take several weeks to reach its engineered total depth, following which it will undergo a period of testing and evaluation.

As reported earlier, the Mississippi Formation has been the focus of intense drilling and development activity which has seen large numbers of horizontal wells drilled, completed and put into production by companies such as Sandridge and Calyx in recent months. Exploration and development activity in the area is extremely competitive and publically disclosed information regarding oil and gas production rates of ongoing and recently drilled horizontal wells is regarded as tightly held information. The Company will endeavor to update stakeholders on a timely basis with drilling results as such information becomes available from the operator.

Company President Robert McIntosh stated, "With the spud of the NOM1H well, the Company has implemented what we hope to be the first of many horizontal oil wells that will exploit and develop our acreage at the North Oklahoma Project. Over the coming weeks, the potential of the well will dictate subsequent development and is a cornerstone to our overall strategic plans for the project."

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Wednesday, May 11, 2011

American Petro-Hunter Brings Okla. Wells on Production

American Petro-Hunter Brings Okla. Wells on Production

Wednesday, May 11, 2011
American Petro-Hunter Inc.

American Petro-Hunter, Inc. has brought both of its newest wells on pump at two separate North Oklahoma Project locations.

Pump equipment has been successfully installed at the NOS122 well site and has begun a test phase.

Prior to installation, the well "free-flowed" oil to the test tank.

Previous swab tests resulted in high gravity oil of 100% oil cut with no water from 6 feet of pay.

Initial test results look excellent and American Petro-Hunter is anticipating a strong producer.

The well will continue to be evaluated over a period of weeks in order to identify initial production rates and ultimately to determine stable production rates projected over time. The tank battery and full production facilities are under construction.

The Company has a minimum of 3 additional offsets to the NOS122 for future development and site engineering has been designed to accommodate future production requirements.

The second location to go on pump this week was at the NOS227 well site. Following a "multi-stage surge frack," where multiple injections of liquefied frack sand "proppants" were forced under high pressure into the Mississippi pay zone, the stimulation processsuccessfully fractured the limestone reservoir allowing for an anticipated increase in the flow of oil.

In readiness for commercial production, the pumping unit, rods and tubing have already been installed at NOS227.

Over the next 12-15 days the frack load will be pumped off allowing the oil to commence flowing freely.

American Petro-Hunter has a 50% interest in both wells and production from the NOS122 and NOS227 will be sold alongside output from the No. 1 and NOJ26 wells to Sunoco, the regional purchaser.

The latest achievements will increase the Company's revenue advantage to 4 producing wells in Oklahoma and two in Kansas.


About American Petro-Hunter, Inc.

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 and the North Oklahoma Project.

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Wednesday, May 4, 2011

American Petro-Hunter Begins Multi-Stage Surge Frack

American Petro-Hunter Begins Multi-Stage Surge Frack

Wednesday, May 04, 2011
American Petro-Hunter, Inc.

American Petro-Hunter, Inc. announced Wednesday the commencement of a "multi-stage surge frack" regarded as the final event in the completion process at the NOS227 well prior to the onset of commercial oil production.

The fracture stimulation ("frack") program is a newly designed approach intended to break apart the reservoir allowing for a significant increase in the flow of oil. The process has proven to be highly effective in dramatically increasing production from the Mississippi formation elsewhere in the area. Currently, all requisite equipment has arrived onsite and efforts have commenced.

As previously reported, analogous vertical wells located nearby and to the north of NOS227 and having undergone an identical stimulation program have paid out in less than 90 days. The new completion technologies offer the potential to deliver vastly higher production through the use of the latest enhanced reservoir stimulation technologies. The "multi-stage surge frack" is a proven advanced technology that has delivered excellent results regionally and was chosen as the approach presenting the best potential yield results given the geology of the location. The frack of the well will stimulate 85 feet of the pay in the Mississippi Formation and American Petro-Hunter has targeted an initial production rate (I.P.R.) post-frack of 300 BPOD.

American Petro-Hunter has a 50% interest in the well and production from NOS227 will be sold alongside output from the No. 1 and NOJ26 wells to Sunoco, the regional purchaser. West Texas Intermediate Crude today has recently been priced at $112 per barrel and continues to rise based on instability in the Middle East.

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 and the North Oklahoma Project.

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Friday, March 25, 2011

American Petro-Hunter Acquires Acreage in Ok.

American Petro-Hunter Acquires Acreage in Ok.

Friday, March 25, 2011
American Petro-Hunter Inc.

American Petro-Hunter has acquired a majority working interest in an additional 2,000 acres of lands located in Payne County, Oklahoma. The acreage augments the Company's holdings at the North Oklahoma Project to 3,400 total gross acres.

With this recent acquisition, the Company has designated the new lands as the "Ripley Prospect" and the original lands as the "Yale Prospect," with both areas held as regional components of the North Oklahoma Project. The newly acquired Ripley acreage is located in a key area of an emerging horizontal drilling play where over 100 foot thick sections of Mississippi Formation are currently being aggressively exploited by regional players deploying laterally drilled, horizontal wells.

Surrounding the Ripley Prospect, numerous lease holdings are under development by Tulsa-based Calyx Energy, a private company. To date, Calyx has drilled 3 horizontal wells on leases within a mile and a quarter (1¼ mile) south of the Ripley block and, of major significance to the Company, the nearby C&N 25-1H well has been speculated to have had initial production rates (I.P.) of 1,000 barrels per day (BPD). Calyx also has plans for further wells immediately north of our Ripley Prospect holdings and is currently exploiting prospects on over 40,000 acres in central and eastern Oklahoma.

The 2,000 acre Ripley Prospect block is now part of the central focus of the Company's 2011 development plan. A location for our first Mississippi horizontal has been engineered and proposed. The 1,500 to 4,000 foot lateral will drill down and along the Mississippi which sits directly over the Woodford Shale. The lease block would allow, if successful, for the drilling of 5 horizontals on 320 acre parcels. Further information will be released regarding potential spud dates and particulars on the play.

Company President Robert McIntosh stated, "We are very pleased to have added this encouraging and very interesting horizontal Mississippi play to the North Oklahoma Project. With the new drilling combined with our existing lands encompassing both Woodford and Mississippi prospects, we have secured sufficient acreage to drill many horizontal and vertical wells in 2011. If we are successful, we will rapidly move the Company forward to our stated production goals and targets."

Given the added expense of horizontal drilling, American Petro-Hunter has developed a prudent "watch & learn" approach based on the experiences of the well-funded major operators at the Yale Prospect area. As the drill programs currently under development by the major players adjacent to our Yale Prospect are not yet underway, the opportunity to quickly move into a proven and highly productive area less than 10 miles away at Ripley presented itself as a desirable near term opportunity.

The Company will continue to explore and develop vertical wells in the Yale area and plans to immediately follow up the NOS227 well dependent on completion results.