The Rise Of American Petro-Hunter Inc. (OTCBB: AAPH)
American Petro-Hunter has achieved it's goal of being an intermediate oil producer.
Online, August 3, 2013 (Newswire.com) - After 3 years of drill programs, financial wrangling, and share dilution, American Petro-Hunter Inc. (OTCBB: AAPH) has come out the other side as a full fledged and well financed oil producing company.
With wells across 6 sights in Oklahoma and Kansas and continued drilling programs through 2015 to tap into an estimated 3,000,000 barrels of oil, American Petro-Hunter is here to stay.
American Petro-Hunter's CEO, Robert McIntosh, has recently closed a $5,000,000 financing agreement with Hannover Holdings I, DBA Magna Group to guarantee the success of continued drill programs. Regarding the agreement McIntosh says, "This closing provides the Company up to $5,000,000 in additional capital which will augment our existing financing arrangement when we require operational and drilling funds to be used in the Company's development of the Mississippi Lime and Woodford shale plays in Payne and Lincoln Counties, Oklahoma. We can now plan more effectively as to when and where we will be drilling our first horizontal well under the 2013 development plan."
With a 24 month restructured financing program with Magna Group in exchange of common stock, it is clear that analysts with Magna Group anticipate share prices to rise significantly over the next 2 years. Joshua Sason, the Chief Executive Officer of Magna Group, notes, "We are excited and enthusiastic about launching our relationship with American Petro-Hunter and are confident that our long-term commitment will help bolster operations and drilling activity. In the oil and gas space, it's of utmost importance to invest in solid management, and we believe strongly in Mr. McIntosh's ability to execute American Petro-Hunter's business plan."
After a long downtrend and briefly going sub penny in July, it seems AAPH has found it's bottom and has been trending up with current PPS around $0.013. With 60mm shares outstanding and a 8mm share float, AAPH may be the best oil investment out there right now. Considering the company is already generating more than $300,000.00 annually in sales and has enough financing to complete their additional drill programs through 2015, which when completed should earn them in excess of $2,000,000.00 in sales annually, they have much more going for them than most oil plays in the OTC market right now. Their investor, Magna Group, must certainly think so.
This does not constitute an offer or advice to by or sell securities.
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