Fellow Investor,
What is the hottest commodity on Wall Street today? Oil! Oil prices are skyrocketing and are quickly becoming one of the strongest market trends for 2011. Crude oil climbed to a 30-month high this week as the U.S. added more jobs than forecasted, signaling increased demand, while fighting continued to intensify in Libya.
Oil advanced above $107 a barrel for the first time since 2008. The market is tracking the progress, or lack thereof, of the rebels in Libya. But as analysts say, it probably doesn’t make any difference because regardless of who is in control it will take quite a while before they can turn on the oil flow again. Libyan Oil exports may be halted for “many months” because of sanctions and damages to facilities, the International Energy Agency said on March 15. The strife in Libya, holder of Africa’s largest oil reserves, is the bloodiest in a wave of uprisings that has toppled the leaders of Tunisia and Egypt and spread to Algeria, Bahrain, Oman, Syria and Yemen. Oil prices have climbed 18 percent since the ouster of Tunisian President Zine El Abidine Ben Ali on Jan. 14 2011.
“The fighting in Brega, the key Libyan oil port is encouraging further uncertainty in the market. The violence in Yemen is adding further support to crude.”
- Matt Smith, Commodities Analyst for Summit Energy Services Inc.
Yemen, which borders Saudi Arabia, OPEC’s largest oil producer, is located along the Bab al Mandab, a strait linking the Red Sea and the Gulf of Aden, which the U.S. Energy Department lists as one of seven “world oil transit chokepoints.”
An estimated 3.2 million barrels a day of oil passed through Bab al Mandab in 2009, according to the Energy Department. A disruption to the strait could prevent tankers from the Persian Gulf and Gulf of Aden from reaching the Suez Canal and the Mediterranean Sea.
Royal Dutch Shell Plc halted oil production at fields in Gabon and Tullow. The output is “severely disrupted” because of a workers’ strike due to the violence in the area.
“There’s nothing to stop this uptrend, $110 oil is on its way.”
- Tom Bentz, Broker, BNP Paribas Commodity Futures, New York
Where Will America Search for Oil in Times of Crisis? The simple answer is Domestically!Right here on US soil!
Bottom line, the general market is extremely bullish on Oil. Especially Oil produced from domestic sources. As we discussed, the events in Libya are once again causing America to rely on domestic Oil production. This reliance on domestic oil production has sparked investors to search out oil companies producing in the US. We are confident that we have discovered one of the most undervalued domestic oil producers in all of America. We are offering investors a sneak preview of the hottest domestic oil investment of 2011 today!
American Petro-Hunter Inc. (OTCBB: AAPH):
- The Company just announced its latest drill results in Oklahoma and the new well is showing initial production rates of 300 BOPD.
- The Company recently added 2,000 acres of prime horizontal drilling opportunities to its portfolio. This increases the company’s prime acreage position by over 70%.
- The 2,000 acre land acquisition is surrounded by lands under lease by privately held Calyx Energy and includes drilling targets in close proximity to Calyx’s recent successful well that has been estimated to have an initial production rate of 1,000 barrels per day.
- Top analysts predict price targets that give investors at the current trading price a potential 350% return on investment.
- The company plans to drill a horizontal well in the coming weeks, right near the productive Calyx lease.
About American Petro-Hunter Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project. With the achievable target of becoming a 1000 BOE producer as its goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Company Website: www.americanpetrohunter.com
Investors, we believe AAPH is poised to breakout. Analysts have had American Petro-Hunter on the radar for most of 2011 waiting for the company to announce a big land acquisition or successful drilling program. Both of these events have taken place in the past week. Analysts have said that the share price could potentially sky rocket from this kind of news. We believe AAPH could breakout in a big way, very soon. Look at the AAPH chart and you’ll see the share price beginning to climb to new levels. Now is the time to capitalize on AAPH’s most recent successful well before Wall Street gets their hands on this #1 Domestic Oil Producer. Do your research today.
www.aaphreport.com |
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