American Petro-Hunter, Inc. (OTC.BB: AAPH) up (5.00%) on news of commercial production
Point Roberts, WA –December 13, 2010 (Investorideas.com Newswire) - InvestorIdeas.com, leader in sector research for investors, including oil and gas stocks, reports on recent news and trading for December 13th. Today’s energy stocks alert includes NYSE and OTCBB energy stocks :(OTCBB: AAPH), (NYSE:COG), (OTCBB: TNGS), (AMEX:KOG)
As oil prices rise this week, energy stocks are once again on investor watch. Energy stocks were one of the top percentage leaders in early morning trading, followed by materials and financials.
Oil prices moved higher today following OPEC's weekend meeting In Ecuador.
Energy Stocks Trading December 13, 2010 (at time of release)
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at $0.32, up 0.02 (5.00%) on news of commercial production
Kodiak Oil & Gas Corp. (AMEX:KOG) trading at $6.5805, up 0.3405 (5.46%)
Titan Oil & Gas, Inc. (OTCBB: TNGS) trading at $1.44, up 0.07 (5.11%)
Cabot Oil & Gas Corporation Com (NYSE: COG ) trading at $37.04, up 1.68 (4.77%)
Market Snapshot (at time of release)
Dow 11,455.92 +45.60 +0.40%
NASDAQ 2,638.87 +1.33 +0.05%
S&P 500 1,245.24 +4.84 +0.39%
10 Yr Bond (%) 3.2770% -0.0190
Oil 88.19 +0.40 +0.46%
Gold 1,395.60 +11.30 +0.82%
Oil and Gas Stocks News and Profiles
American Petro-hunter Inc (OTCBB: AAPH)-
Energy Stocks; American Petro-Hunter (OTC.BB: AAPH ) Finalizing Completion of NOJ26 Oil Well in Readiness for Immediate Commercial Production
“SCOTTSDALE, AZ--(Investorideas.com energy newswire 12/13/10) - American Petro-Hunter, Inc. (OTC.BB:AAPH ) ("American Petro-Hunter" or the "Company") today wishes to announce that the Company has now reached the final stage of the ongoing well completion program of the NOJ26 oil well at the North Oklahoma Project. The well is currently undergoing preparations to commence commercial production.
The final stage of the completion program is underway and involves the acidization and a light fracture stimulation of the upper Mississippi oil pay zone formation. Once the program is concluded this week, the well will be put on pump for immediate production. Scheduling is on track and facility infrastructure is readied for production and shipment of oil for sale.
As reported earlier, NOJ26 encountered a 40 foot oil pay zone in the Mississippi formation. The Company and operator are encouraged by data at two analog wells producing from the same formation less than 1/2 mile away which have cumulatively yielded 46,000 barrels of oil and .75 BCF gas to date. It is anticipated that NOJ26 will produce an early flash of oil greater than 100 barrels per day followed by a period of well stabilization. The true test of the well and its subsequent flow rates will be based on the actual quantity of oil sent to the tanks over the upcoming weeks and months ahead. “
Full Article: http://www.investorideas.com/CO/AAPH/news/12131.asp
Kodiak Oil & Gas Corp. (AMEX:KOG)
Kodiak Oil & Gas Corp. Announces Upsizing and Pricing of Common Stock Offering
“Kodiak Oil & Gas Corp. ("Kodiak") today announced that it has upsized and priced its previously announced underwritten public offering of common stock. The size of the offering has been increased from the previously announced 20,000,000 shares of common stock to 25,000,000 shares of common stock at a public offering price of $5.50 per share.
Kodiak intends to use the net proceeds of the offering to repay debt outstanding under its revolving credit facility, to fund capital expenditures related to drilling, development and infrastructure, principally in the Bakken play located in North Dakota, and for general corporate purposes, including financing the potential acquisition of oil and gas properties in certain core areas, such as the Bakken play.”
Full Article: http://finance.yahoo.com/news/Kodiak-Oil-Gas-Corp-Announces-prnews-1582647276.html?x=0
Titan Oil & Gas, Inc. (OTCBB: TNGS)
Titan Oil & Gas, Inc. Engages Engineering Firm to Advance Its Alberta Oil & Gas Projects
“Titan Oil & Gas, Inc. is pleased to announce it has engaged an independent engineer to undertake an initial assessment of its Alberta land portfolio.
"We believe the potential for our land package is substantial and are very excited to take this important step forward in our development plans," said Jarnail Dhaddey, President of Titan.
Titan's southeastern Alberta land portfolio covers 4,428 acres and includes projects located in areas of significant production including the Atlee-Buffalo, Bow Island, Eyremore, Retlaw and Taber regions. The company is actively reviewing a number of other assets in Alberta and hopes to add to its portfolio in the near future.
"We've positioned ourselves to take advantage of strengthening oil and gas prices, and plan on advancing our projects in a timely manner. We are looking forward to a busy 2011," said Mr. Dhaddey.”
Cabot Oil & Gas Corporation Com (NYSE: COG )
Cabot Oil & Gas Corporation Receives Air Quality Permit
“Cabot Oil & Gas Corporation today announced that it has received the air quality permit for its Lathrop Compressor Station to begin construction. With the permit, Cabot will immediately begin the installation of its next three compressors. Once operational, fully permitted and tested, these units are expected to add 105 to 120 Mmcf per day of capacity. Cabot expects to have this phase of the station operational by early to mid-February.”
About Cabot Oil & Gas Corporation Com (NYSE: COG ):
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer with its entire resource base located in the continental United States. For additional information, visit the Company's Internet homepage at www.cabotog.com.
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 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. Visit us at: http://www.aaphreport.com/
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