American Petro-Hunter sees 20% increase in oil production at Poston Project, Kansas
American Petro-Hunter, Inc. updated the status of the Company' s Poston Project, Trego County Kansas.
Oil production from the #1 and #3 Lutters Wells totaled 830 barrels shipped and sold to N.C.R.A. for a value of $65,577 in December. This represents an approximate 20% increase over November production sales despite cold weather conditions at the lease. The oil tanks were fitted with heated gun barrels last winter which allows uninterrupted daily production. Kansas Common oil prices are currently in the $79 range.
Robert McIntosh, President and C.E.O., states, "We are very pleased to achieve December' s 20% increase in oil production at Poston. Currently, the Company and our working interest partners are developing a timetable to fully develop this lease by drilling direct offset wells to the 2 current producers during the spring of 2011 as the weather conditions improve."
The Company is in production at the Poston Project in Trego County Kansas and the North Oklahoma Project, with the target of becoming a 1000 BOE producer.