Penny Stock News: American Petro-Hunter Announces New Oil Well NOS122 to Go Into Immediate …

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SCOTTSDALE, AZ–(Marketwire – May 2, 2011) – American Petro-Hunter, Inc. (OTCBB: AAPH) (“American Petro-Hunter” or the “Company”) is very pleased to announce the latest producing oil well in an ongoing series of wells at the North Oklahoma Yale Prospect. The well has been designated as NOS122 and has been swab tested and deemed ready for immediate commercial production.

The NOS122 is a re-entry project where the well bore and casing was opened and then cleaned, with tests resulting in high gravity oil swabbed at a final rate of 5 barrels per hour or the equivalent of 120 barrels per day at 2,700 feet. The testing showed 100% oil cut with no water from 6 feet of sand within the Skinner Formation.

The Skinner is an historic “over producer” of oil. An analog well to the north produced an I.P.R. (Initial Production Rate) of 700 barrels per day and cumulatively produced 80,000 barrels from a 3 foot sand thickness. The NOS122 shows a 6 foot interval and the Company has hopes that rates will exceed the 120 BPOD test rate.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.marketwire.com/press-release/american-petro-hunter-announces-new-oil-well-nos122-go-into-immediate-commercial-production-otcbb-aaph-1508451.htm

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