SOURCE: American Petro-Hunter, Inc.

American Petro-Hunter, Inc.

November 16, 2010 10:32 ET

Untapped Opportunity in Shale Oil; Junior American Petro-Hunter (OTCBB: AAPH) and Major Producers in Oklahoma's Woodford Shale

"American Petro-Hunter Has Opted to Focus on Shale Plays Because These Wells Typically Have Long, Stable Reserve Lives and Predictable Production" -- Lisa Springer, CFA

POINT ROBERTS, WA--(Marketwire - November 16, 2010) - www.Investorideas.com, an investor research portal specialized in sector investing, features commentary on Shale oil stocks by Springer, CFA, equity research analyst and financial writer. The report focuses on junior exploration and production company American Petro-Hunter (OTCBB: AAPH) and its strategy in the shale play in Oklahoma.

Untapped Opportunity in Shale Oil

Lisa Springer, CFA

Energy stocks in this article: Devon Energy, Chesapeake, Sandridge and American Petro-Hunter (OTCBB: AAPH)

Excerpt:

Domestic shale energy plays have become so numerous that it is difficult to think of them as unconventional these days. Shale formations such as the Bakken, Fayetteville, Marcellus, Barnett and others have become household names in the oil and gas industry.

Another very active, but until recently little publicized shale play is the Woodford Shale, located in Oklahoma. The shale is found at depths from 7,500 to 8,500 feet, and is generally 50 to 300 feet thick. Drilling activity in the Woodford Shale has skyrocketed since Devon Energy drilled its first wells in 2005. Since then, many large independents have acquired acreage and launched drilling programs. Among the most active operators are Chesapeake, Newfield Exploration and XTO Energy, which was recently acquired by ExxonMobil. The Woodford Shale is estimated to contain approximately 4 trillion cubic feet of natural gas.

Partly because of the Woodford Shale, Oklahoma has emerged as one of the Lower 48's biggest producers, ranking second nationwide in gas production and fifth in oil production. Oklahoma has some 90,000 wells and is home to major independent producers like Devon Energy, Chesapeake and Sandridge. 

Junior exploration and production company American Petro-Hunter (OTCBB: AAPH) has acquired interests in seven northern Oklahoma lease blocks targeting shale targets, including the Woodford Shale. At present, American Petro-Hunter is drilling shallow, vertical wells, which it plans to put to pump immediately. In the future, the Company plans to drill horizontal wells as well to further exploit shale oil production. American Petro-Hunter has opted to focus on shale plays because these wells typically have long, stable reserve lives and predictable production.

Full report available here : http://www.investorideas.com/CO/AAPH/news/11161.asp

Lisa Springer, CFA -Bio and disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
The author, Lisa Springer is a freelance writer and was compensated for writing this article by Investorideas.com and doesn't own shares of any of the companies mentioned in this article.

More info: American Petro-Hunter, Inc. (OTCBB: AAPH)

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