Petro-Hunter Acquires California Natural Gas Play

American Petro-Hunter has executed a Purchase and Sale Agreement to acquire a 25% Working Interest in a highly prospective energy project with significant potential. The Sacramento Gas Project is a key acquisition in American Petro-Hunter's strategy of developing a strong and profitable oil and gas exploration and production (E&P) company.

Under the terms of the agreement, the Company has paid the vendor of the play $200,000.00 which includes a prospect fee for extensive historic engineering and geological development of the gas target as well as going forward turn-key costs for a seismic program required to finalize and define the initial well location. The Sacramento Gas Project is located in California's Central Valley west of Modesto.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Global Business Development Manager
Expertise: Business Development
Location: Houston, TX
United States Canonsburg: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Canonsburg, PA
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours