multiple posts, bad i know but just receive an email on AAPH,
American Petro-Hunter Updates Horizontal Drilling Progress at North Oklahoma Project
SCOTTSDALE, AZ -- /MARKETWIRE/ -- May 25, 2011 American Petro-Hunter, Inc.
(OTCBB: AAPH) ( American Petro-Hunter, or the Company ) today wishes to update the drilling progress of the NOM1H Horizontal well at the Company,s North Oklahoma Project. Directional drilling has now commenced. The K.O.P. (kick off point) has been reached, and the well is now entering the curved section of the hole. The well plan calls for approximately 1,600 feet of lateral to be drilled in the Mississippi formation before reaching a total depth of about 5,300 feet, with a true vertical depth of about 3,900 feet.
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. Once the lateral portion reaches its engineered length, a period of testing and evaluation will commence.
Company President Robert McIntosh states "The lateral turn of the drill into the horizontal phase means we are now entering the objective pay zone in the Mississippi Formation. Over the next week, drilling operations will be closely monitored by the directional drilling engineer to ensure we stay in the Mississippi for the duration of the operation. The upcoming testing phase is a critical step in the determination of our next well as we gear up for a very busy summer of drilling."
this well was spudded on 17/5/11, last tuesday and they are already at the K.O.P, they will need their 3D data though, they are drilling into 100 feet of limestone, Eastok well suggests RFE has 210 feet in our initial drill site!!
sometimes you cant see the forest for the trees.
RFE Price at posting:
36.0¢ Sentiment: LT Buy Disclosure: Held
