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@StockNotifier UHO.V@.13 United Hunter Oil & Gas Announces Release of the Environmental Impact Report for the Mankin Ranch Project, California and Upd...
Date : 06/28/2011 @ 2:33PM
Source : MarketWire Canada
Stock : United Hunter Oil & Gas Corp. (UHO)
Quote : 0.13 0.0 (0.00%) @ 2:46PM
United Hunter Oil & Gas Announces Release of the Environmental Impact Report for the Mankin Ranch Project, California and Upd...
United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) ("UHO" or the "Corporation"), is
pleased to announce that the San Luis Obispo County Planning and Building
Department has released the Draft Environmental Impact Report (DEIR) on the
Mankin Ranch Project (Huasna) in California for a public review period as
required by the California Environmental Quality Act. Interested parties can
provide comments on the environmental document until August 5th. The comments
will then be addressed by the County's consultants creating the Final
Environmental Impact Report (FEIR). The FEIR has been tentatively scheduled by
the County to be in front of the Planning Commission on November 10th. The FEIR
will then be presented to the San Luis Obispo Board of Supervisors for the final
ruling on the Project Permit.
The Company has acquired 91 miles of seismic data from ConocoPhilips which is
currently being reprocessed and evaluated for additional upside and development
of the Porter Ranch leases. This lease consist of a total of 9051 acres within
the Huasna Basin, California and are jointly held by Alamo Creek Oil LLC (Alamo)
UHO, Mankins Ranch partner Australian Oil Company and CALOG LLC (wholly owned
subsidiary of AOC). This lease was last explored in the 1980's by Philips
Petroleum Company (PPC) who successfully completed one well and had planned an
extensive program for the area. This project was terminated by PPC when they
decided to withdraw from California completely.
United Hunter is also very pleased to announce that the Atlee Buffalo 5-20 well,
that was placed on production in the 1st quarter of 2011, has produce 1429
barrels of oil and is currently still producing at 27 barrels of oil per day.
Due to the success of this well, United Hunter is preparing to complete a number
of additional wells in this pool. The additional production from these new wells
is anticipated to be producing by the 3rd quarter of 2011.
At Leduc, Alberta, Canada the United Hunter 7-22 well that was completed under
the MEC farm-in agreement is currently being tied in and production test results
are expected next month.
United Hunter Oil & Gas Corp is a Canadian based corporation with management
very experienced in the oil and gas industry and has projects in California.
United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX
VENTURE:UHO). Additional information may be found at
http://www.unitedhunteroil.com and the Corporation's public filings may be found
at http://www.sedar.com.
Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
These statements relate to analyses and other information that are based upon
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". Such forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Corporation to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such risks and other factors
include, among others, costs and timing of exploration and production
development, availability of capital to fund exploration and production
development; political, social and other risks inherent in carrying on business
in a foreign jurisdiction, the effects of a recessionary economy and such other
business risks as discussed herein and other publicly filed disclosure
documents. Although the Corporation has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Corporation undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.
This news release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. When used
herein, words such as "intended" and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are based on
assumptions by and information available to the Corporation. Investors are
cautioned that such forward-looking statements involve risks and uncertainties.
Actual results may differ materially from those currently anticipated. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.
UHO
http://ih.advfn.com/p.php?pid=nmona&article=48237407
United Hunter Oil And Gas Cor (UHO)0.12 up 0.02 (20.00%)Volume: 1,000**
$UHO - Is United Hunter Oil & Gas Primed for a Climb?
Filed under: Spotlight Companies,Stocks — Brittney Barrett @ 11:17 am
With other emerging countries bidding for the same foreign oil, the price of energy in the United States has become volatile and problematic. The U.S. economy’s reliance on foreign oil has been troubling on several levels: It has pushed up inflation levels and gobbled up an out-sized portion of consumer spending. For those reasons, President Barack Obama, last month at a speech at Georgetown, announced his intentions to reduce imports of foreign oil by a third over the next decade.
This could represent a boon for domestic oil and gas companies, a possibility that seems to be receiving more coverage of late. Yesterday, a research report highlighted California-based Zodiac Exploration Inc. (CVE: ZEX) as among the few bright spots recently in the oil and gas sector. The company, active in the San Joaquin Basin of California has been attracting more attention in anticipation of increased interest and activity in the area.
The heightened interest in Zodiac represents a shift toward greater investor awareness of oil and gas exploration in that area of the United States and has the potential to spill over into companies with similar goals and geographic locations. Among them is, United Hunter Oil and Gas (TSX: UHO), whose land package in Huasna Valley in California boasts significant oil possibilities. At present, the goals for the Huasna Project are to extract a minimum of 0.5 bbls OOIP and obtain 1200 barrels per day production capabilities. Earlier this week, United Hunter announced the completion of leasing an additional 4,983 acres at the Porter Ranch in the Hausna Basin, bringing total acreage for the project up to 9,051 and thereby expanding the productivity potential for UHO.
United Hunter’s management team has been highly active, amassing more land and tapping old wells in Alberta to infuse more cash flow. Art Halleran (formerly at Canaco) and Brad Griffiths (former co-founder of GMP Securities) are leading the project, generated by legendary oil and gas explorer John Masters. The company’s market cap of $12 million is equal to its total assets of $12 million alone, creating a situation where the stock price may be undervalued by Wall Street. Given the bevy of catalysts approaching in coming months for UHO–ranging from permissions in California, greater interest in domestic oil, production from Alberta, drilling in California and involvement in additional projects–the growth prospects for this company are very bright.
$UHO :TSX-V @.125 United Hunter Oil & Gas Announces Porter Ranch Leasing Completed
United Hunter Oil & Gas Announces Porter Ranch Leasing Completed
Filed under: Spotlight Companies — Brittney Barrett @ 11:37 am
The investment opportunities presented by oil and gas companies with U.S. properties have been discussed consistently since President Obama’s speech about reducing foreign oil by a third over the next decade. The President encouraged companies in possession of domestic oil reserves to begin drilling and help decrease U.S. reliance on nations in the Middle East. As a result profit potential for U.S. oil companies of all sizes has invited interest and speculation and some companies in this vein are working to deliver enhanced results and more product. United Hunter Oil & Gas Corp. (TSX: UHO), a Canadian junior-oil and gas company with operations in California and Canada is one of them. Today, the company announced the completion of leasing an additional 4,983 acres at the Porter Ranch in the Huasna Basin, onshore California. UHO’s percent of the leasing costs was $27,224.60. The total number of acres leased for this project now stands at 9,051. The greater land will help the company increase the amount of oil and gas they are able to produce.
The Porter Ranch leases are held by Alamo Creek Oil LLC (Alamo) a Californian incorporated company, 45% owned and jointly operated by UHO, 45% by its Mankins Ranch partner Australian Oil Company and 10% owned by CALOG LLC (wholly owned subsidiary of (AOC). The leases were last explored in the 1980's by Philips Petroleum Company (PPC) who acquired seismic data, drilled one well and completed extensive roadworks and well pads for 2 well sites prior to abandoning due to PPC’s decision to withdraw from California completely.
Alamo is in process of acquiring 91 miles of 2D seismic data from PPC (now ConocoPhilips) which will be reprocessed and evaluated prior to drilling. The moves represent the company’s interest
http://editorial.equities.com/spotlight-companies/united-hunter-oil-gas-announces-porter-ranch-leasing-completed/
UHO - Will Astronomical Oil Prices Inspire Domestic Drilling?
The political unrest in the Middle East and Libya has led to skyrocketing prices at the pump in recent weeks. Last week was no exception with crude prices closing at $104.42 on Friday, the highest benchmark U.S. crude close since September 2008 prior to the recent weeks. The Middle East; however, is not the only reason for rising gas prices according to AAA Autoclub South. The group reported that the average price of a gallon of regular unleaded gasoline in Florida was $3.546, up from $3.38 a week earlier and $3.008 a month earlier. A year to date, gas was priced at $2.662 in the state. The national average price of a gallon of regular unleaded is $3.50, up 15 cents from a week earlier.
The most sharp and most recent spike in oil prices is believed to be the result of a fear of supply limitations incurred should the conflict spread further than Libya. Retail prices are expected to increase once again this week with the average prices over $3.50 a gallon.
The drop in unemployment to 8.9 percent, the lowest level since 2009 also drove the $6.54 per barrel spike last week on the New York Mercantile Exchange according to the report.
Should the trend of rising oil continue to persist in an economy that while recovering is not recovering fast enough, the U.S. may need to look into alternatives to foreign oil. And they may need to look beneath their feet. Gas prices are predicted to rise as high as $5 in 2012 and while that’s a while away, prices that high could chip away at economic improvements. With people spending more money day-to-day on gas, they’ll spend less money on other items. They’ll be unable to afford plane tickets, which have risen three times already in 2011, vacations in general and other forms of consumer spending that will drive up the economy.
So has the time come to drill more domestically? That remains to be seen, but the topic of conversation is likely to be revisited. (The last time during the 2008 election when Sarah Palin coined the phrase, “Drill baby, drill.”) Pros, like the oil sales going toward domestic companies and fewer ties between prices and global politics may be enough to tip the scales if oil prices reach a level where they threaten other things on the political agenda like job growth and consumer spending.
http://www.equities.com/blog.php
EQUITIES Oil & Gas Highlights- UHO United Hunter Oil & Gas
United Hunter Oil And Gas Corp (UHO) 0.17 up 0.03 (21.43%) Volume: 116,000
$UHO United Hunter Oil And Gas Cor (UHO) 0.14 -0.01 (-6.67%) Volume: 40,000
UNITED HUNTER OIL & GAS CORP. ANNOUNCES PORTER RANCH ACQUISITION
Date : 02/17/2011 @ 8:06AM
Source : Canada NewsWire
Stock : United Hunter Oil And Gas Corp (UHO)
Quote : 0.14 0.0 (0.00%) @ 3:33PM
UNITED HUNTER OIL & GAS CORP. ANNOUNCES PORTER RANCH ACQUISITION
United Hunter Oil And Gas Corp (TSX:UHO)
Intraday Stock Chart
Today : Saturday 19 February 2011
Click Here for more United Hunter Oil And Gas Corp Charts.
United Hunter Oil & Gas Corp. (TSXV:UHO) is
pleased to advise the acquisition of oil exploration leases known as
the Porter Ranch comprising 4068 acres adjacent to the highly prolific
Santa Maria Basin (850 million bbls produced up to 2008) and south east
of the company's Mankins Ranch Project (Huasna).
The Porter Ranch leases are held by Alamo Creek Oil LLC (Alamo) a
Californian incorporated company, 45% owned and jointly operated by UHO
and 45% by it's Mankins Ranch partner Australian Oil Company (AOC) and
10% owned by CALOG LLC ( a wholly owned subsidiary of AOC). The leases
were briefly explored in the 1980's by Philips Petroleum Company (PPC)
who drilled one well and completed extensive roadwork and well pads for
2 well sites prior to abandoning due to depressed oil prices. There has
been no subsequent exploration since that time. Assuming that PPC
located these 2 well sites on valid structures it is possible that 2
exploration wells could be drilled as soon as approvals are granted by
the County.
PPC drilled the only well on the Porter Ranch in 1984 which tested oil
from 3 separate zones before encountering drilling problems and being
plugged and abandoned. Alamo is currently evaluating the economics of
re-drilling this well.
Adjacent wells have tested oil ranging from light (30 API) to heavy
(15-18API), some with associated gas and numerous surface oil seeps.
Within the leased area there are currently 2 anticlinal structures
which have been only tested at their extremities.
The forward work program includes acquiring all historical well and
seismic data prior to the possible acquisition of new seismic data over
the anticlines. Based on this information up to 3 exploration wells may
be drilled.
In addition, UHO is in advanced negotiations to lease an additional
adjacent 4982 acres.
The Huasna Basin contains thick sequences of oil prone Monterey
Formation.
Forward-Looking Statement Disclaimer
This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this press release,
other than statements of historical facts, including those that
announce proposed financings that the Company expects to complete, are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include the failure of investors who are believed to have
committed to the financings to complete them as a result of general
market conditions, adverse developments unique to such investors, or
otherwise. Accordingly, the actual amounts raised may differ materially
from those projected in the forward-looking statements. For more
information on the Company, investors should review the Company's
filings, available at www.sedar.com and www.sec.gov. This announcement
does not constitute an offering of securities nor a solicitation to
purchase securities. An offer of securities will only be made by
subscription agreement and subject to applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
HUNTER OIL AND GAS CORP (TSX:UHO) Facebook
http://www.facebook.com/pages/United-Hunter-Oil-and-Gas-Corp/163219740392380
UHO Corporate Contact United Hunter Oil
HUNTER OIL AND GAS CORP (TSX:UHO)
United Hunter Oil UHO
Suite 310, 700 – 4th Ave SW
Calgary, Alberta T2P 3J4
Phone:
403-667-4941
Website:
www.unitedhunteroil.com
Email:
info@unitedhunteroil.com Investor Relations
Graeme Dick
Brisco Capital Partners Corp.
Phone:
403-262-9888
Website:
www.briscocapital.com
Email:
graeme@briscocapital.com
UHO Corporate Overview - HUNTER OIL AND GAS CORP INVESTOR RELATIONS
HUNTER OIL AND GAS CORP (TSX:UHO)
United Hunter Oil is a Junior Oil and Gas company focused on the exploration and production of oil in Huasna California.
Currently, United Hunter has acquired 65% in the underdeveloped Huasna oil field in California, making Huasna a valuable resource. Concurrently, United Hunter is pursuing three larger play prospects in the USA generated by John Masters.
Below, you'll find general corporate information, share capital and links to stock quotes and charts. You can also view our Corporate Overview Presentation. For ease of access, we're also pleased to make past financials available below.
If you have any questions our contact information is below.
Stock Symbol: UHO
Exchange: TSX
Share Capital:
Shares Outstanding 120,303,000
Shares in Escrow 50,225,000
Options 8,350,000
Warrants 33,725,000
Shares Outstanding Fully Diluted 162,378,000
Working Capital $5,200,000
United Hunter Oil
Head Office
Suite 310
700 – 4th Ave SW
Calgary, Alberta
T2P 3J4
Office: 403-667-4941
Investor Relations
Graeme Dick
Brisco Capital Partners Corp.
Phone: 403-262-9888
Email: graeme@briscocapital.com
Auditors
Deloitte & Touche LLP
Legal Counsel
Info coming soon.
Transfer Agent and Registrar
Olympia Transfer Services Inc.
UHO Properties Overview - HUNTER OIL AND GAS CORP
HUNTER OIL AND GAS CORP (TSX:UHO)
Highlights
Acquired 65% in the California past producing field Huasna.
Pursue three USA prospects generated by the legendary John Masters.
Additional modest growth properties in Canada and California.
Huasna Field is located in southern California near the town of San Luis Obispo, north of similar giant oil fields Oil exploration in Huasna dates back to the early 1800's and began to be explored progressively in the 1900's. Most explorers were in search of free-flowing oil that could easily be recovered without the use of technology advancements presently available.
Why Huasna?
New technology advancements in drilling and extraction techniques enable Huasna's oil field to be commercially viable.
Past geological studies provide evidence of established production:
Cold production: The discovery well drilled in 1939 to test a surface anticline cold produced 9-13° API oil from fractured Monterey Shale.
EOR steam and hot water: 2 wells drilled in 1960's produced 22,741 bbls oil after a single non-continuous steam and hot water injection.
An independent report* (NI 51-101 report) suggests: a best estimate recovery of 7,002 MSTB (net 4,551 MSTB), a high estimate of 14,004 MSTB (net 9,102 MSTB) and a low estimate of 4,201 MSTB (net 2,730 MSTB).
In California 6 bypass pay zones high graded from hundreds of leads, both light and heavy oil.
Mainly shallow reservoirs with potential confirmed by other data.
Average size pool will be 1 to 3 million bbls BOE.
Average well production will be about 50 bopd and 100,000 bbls recoverable oil.
Huasna, CA
United Hunter's Huasna project is the companies' current endeavor and management believes Huasna has the potential to be a viable resource. Previous studies have estimated an average well will produce 50 bopd and 100,000 bbls recoverable oil.
The current goals for the Huasna Project are; to extract a minimum of 0.5 billion bbls OOIP at Huasna, obtain 1200 barrels per day production capabilities, and to continually expand with other projects in Canada and California.
Key Strategy
Drilling Permits issued – Nov, 2010
First well drilled – Jan, 2011 [Production Net Cumulative]
On production – Jan 2011 [200 bopd / 130 bopd]
2nd and 3rd well drilled – April 2011
On production – May 2011 [400 bopd / 390 bopd]
Additional wells drilled (9 wells) from Nov 2011
An additional 1600 to 1800 bopd gross [1600 bopd]
UHO HUNTER OIL AND GAS CORP MANAGEMENT
HUNTER OIL AND GAS CORP (TSX:UHO)
Mr. Bradley Griffiths - UHO CFO, Chairman Of the Board and Director
Mr. Griffiths was the head of the Mergers and Acquisitions group of Canadian Imperial Bank of Commerce in 1984 and Vice-President in 1989. Additionally, he served as director and Vice-President of Gordon Capital Corp. before founding and serving as Chairman and CEO of the brokerage firm Griffiths, McBurney which rose to become the sixth largest trader on the Toronto Stock Exchange. Griffiths, McBurney completed a $650,000,000 (CDN) offshore, "bought deal" financing as lead underwriter for Sherritt International. Mr. Griffiths is also credited with a substantial revenue increase occurring during his two years as Co-Chairman and Head of Capital Markets at Cannacord Capital. In the last 22 years Mr. Griffiths has completed $20 billion (CDN) in financings and played advisory and financing roles for clients both nationally and internationally. Mr. Griffiths was awarded the Yves Landry Foundation award as Person of the Year in 2002.
Dr. Arthur Halleran - Chief Executive Officer and Director
Dr. Halleran boasts twenty-nine years of domestic and international experience in petroleum exploration and development with extensive exposure to complex carbonate and clastic environments and new basin analysis. In addition, Dr. Halleran has extensive experience in Enhanced Oil Recovery (EOR) projects. Dr. Halleran, a graduate of Calgary University, was a consulting geologist for Rally Energy Corp. and initiated the company's drilling program that discovered the prolific producing fractured reservoir trend and provided scientific data for EOR steam recovery. Dr. Halleran was part owner and Vice President Exploration for Canacol Energy Ltd., a company with interests in Colombia, Guyana and Brazil During Dr. Halleran's tenure as VP, Canacol Energy acquired producing assets in Colombia and Brazil and participated in the largest oil discovery in Colombia over the last 10 years.
Mr. Bill Smith - Controller
Mr. Smith has 34 years of financial management, accounting and business experience. During his varied career, Mr. Smith has acted as Controller, Treasurer, Senior Vice President and Information Technology advisor for both Canadian and international companies. Over the past ten years Mr. Smith has worked as senior financial analyst for RBC Capital Markets and Bell Mobility, controller of Xstrata Copper and MS Access risk analyst for Enbridge Consumers Gas. Mr. Smith has been financial controller of more then 10 public companies. Mr. Smith is a business administration and computer science graduate of Ryerson Polytechnic Institute and received his Certified Management Accountant (CMA) designation in 1989.
Mr. Peter A. Rudakas - Vice President of Exploration and Development
Mr. Rudakas graduated in 1979 earning his Masters degree in Geography and B.Sc. in Geology from the University of Windsor. He has over 30 years of experience in hydrocarbon play development in both carbonate and clastic environments. His management / supervisory positions in the oil and gas industry include President of a public and private junior oil and gas company, Vice President of Exploration, Exploration Manager, Supervisor and Coordinator of mainland Canada operations. Prior to joining United Hunter Mr.. Rudakas was a consultant and Geologist with Devon/Northstar, Newalta, PennWest and Titan Exploration as well as the President and Director of Impel Corporation.
UHO HUNTER OIL AND GAS CORP (TSX:UHO)Corporate Overview
HUNTER OIL AND GAS CORP (TSX:UHO)
Calgary, Alberta based Junior Oil and Gas Company, United Hunter Oil and Gas (TSX: UHO) is a publicly traded company focused on the proven Huasna oil field located just outside San Luis Obispo in California. United Hunter Oil has a 65 % stake in the Huasna reserves, where they intend to employ newer technologies to maximize productivity. Their management team possesses a high pedigree of industry experience and have discovered and produced some of the largest oil discoveries in the world. and are concurrently pursuing other low risk, development opportunities in California and Canada as well as famed John Master's larger play concepts in the U.S.
Corporate Strategy
United hunter Oil will pursue discovered active and abandoned oil pools using newer technologies to recover additional oil. The strategy is "not if the wells will produce, but how much the wells will produce" and to provide a fast growing oil production base to UHO. Currently the largest impact to UHO is Huasna where there is potential for 100s of Million of OOIP (original oil in place). UHO will unlock the reserves in an economic and environment friendly manner and the current strategy is to exploit with hot water injection.
Developments and Plans
In March of 2010, Vesta Capital Corp. (now United Hunter Oil and Gas Corp.) invested in the Excelaron Huasna project. Drilling Permits at Huasna are now expected mid 2011 with the Pilot Project of 4 wells scheduled for drilling shortly after that. The Huasna Pilot Project is expected to yield about 400 bopd and if economically successful an additional nine wells will be drilled to bring the daily production to 1000 bopd.
UHO started at the end of November, 2010 re-completing oil wells utilizing new technologies in two abandoned oil pools in Canada. If the re-completions are successful there are numerous additional re-completion candidates in each of the oil pools. Additional similar opportunities are being assembled.
Corporate Highlights
Past producing oil field asset in California (65% working interest in the Huasna Field) located north of producing giant oil fields.
Low risk, development opportunity at Huasna with a short time to production (by Q4 2010).
Huasna has significant upside potential beyond the resource defined in the current conservative 51-101 report.
Inventory of larger concept prospects generated by John Masters.
Additional low risk, by-pass pay opportunities in California and Canada to be pursued concurrently.
UHO How High Will Oil Go in 2011
Date: January 20, 2011 2:06 PM
Publisher: Bolton Flautt
Source: Bolton Flautt, US News
Categories: Editors Choice, Editors Desk
Tags: Equities.com, UHO
You've probably noticed at the pump: The price of oil is rising again. Experts have ratcheted up their growth projections for the new year, which typically means they expect the price of gas to move higher as well.
"We're expecting strong economic growth, and that's always the No. 1 driver for crude oil," says Brian Hicks, co-manager of U.S. Global Investors Global Resources Fund (PSPFX).
There are a number of factors contributing to Hicks's expectation of higher gas prices. "Despite record levels of investment into crude oil production, we haven't seen a significant increase of non-OPEC crude oil production, so that gives OPEC stronger market share and stronger control of the market, and it implies prices will be going up," Hicks says. On top of that, he says new oil supplies are coming from higher-cost areas like deepwater drilling, which will also push prices higher.
Plus, demand for oil is only rising. This month, the U.S. Department of Energy raised its outlook for global oil consumption to a record-high 88 million barrels a day in 2011. Most of that growing demand is expected to come from the emerging markets countries like China and India. The price of oil will average about $93 a barrel this year, up from December's forecast of $86, according to the Department of Energy. Craig Hodges, co-manager of the Hodges Funds, says oil will fluctuate between $90 and $100 this year. But he believes the real spike will come in 2012.
"It becomes a math equation at some point," he says. "The world can only produce so much oil a day." In 2012, prices are estimated to average about $97, about $2 short of the record high in 2008.
When it comes to investing in oil, investors have a few options, including investing directly in the spot price of oil through exchange-traded funds or in the stocks of oil-related service and drilling companies
http://www.worldmarketmedia.com/779/section.aspx/2906/post/how-high-will-oil-go-in-2011
No problem, Thanks....
There is nothing more we would like to see then seeing this company succeed... Our future revenues will depend on it.
http://briscocapital.com/
Thanks. This one looks great so far. Going to grab a little position tomorrow.
Yes, if you do DD on the company.... This is just the tip of the ICE-Berg, of things to come. Be sure I'll keep you informed of all new Canadian Ventures.
UHO - It does move nicely on low volume. Even taking into consideration the equity backing that volume.
Its a real low volume mover isn't it?
UHO - ICEQUITY, this is looking good. Shorty must not know about this one yet. LOL!
United Hunter Oil And Gas Cor (UHO) 0.14 up 0.03 (27.27%) Volume: 44,000
UHO - This is great news ICEQUITY!
UHO UNITED HUNTER OIL & GAS CORP. ANNOUNCES SUCCESSFUL RE-COMPLETION OF CANADIAN WELLS AND DEFINITIVE AGREEMENT WITH THE EQUITIES GROUP INC. FOR MEDIA SERVICES
(TSXV Symbol: UHO)
TORONTO, Jan. 19 /CNW/ - United Hunter Oil & Gas Corp. (UHO) (TSXV - UHO) is pleased to announce the successful re-completion of the first two wells planned for its Canadian well re-completion program previously announced on November 9th, 2010. The third well re-completion is awaiting the availability of equipment.
The first re-completed well was at Atlee Buffalo, Alberta within the Mannville G oil pool on a section of land in which UHO has 95% interest. During 9 days of swabbing oil was recovered and plans are currently underway to build a battery for production. Successful long term production could lead to the re-completion of 9 additional suspended and abandoned wells on this property.
The second re-completed well was within the Wabamun formation D-1A oil pool in the Leduc Woodbend area, of Alberta. A very short swab test recovered light 41o API oil and plans are currently underway to tie in this well to existing infrastructure for production evaluation. The proposed third well to re-complete will also be within this pool. As per the new release dated November 9th, 2010 UHO has a farmin agreement with MEC Operating Company ULC ("MEC") on 2560 acres consisting of four contiguous sections; there are more than 25 suspended wells that could potentially be re-entered.
UHO is also pleased to announce that further to its ongoing commitment to comply with TSX Venture Exchange continuous disclosure obligations it has, effective December 1, 2010, entered into a definitive agreement with "The Equities Group, Inc.". The agreement is subject to TSXV approval. The Equities Group, Inc. is a global financial media network with www.equities.com being its flagship brand. The company is based in Las Vegas, Nevada. The Equities Group, Inc. will perform media and related services to and for UHO including, but not limited to creating a premium listed profile and social media newsroom in The Equities Group Global Listing exchange, disseminate UHO news and content through The Equities Group network of reporters, journalists and editors and create a UHO profile video.
The terms of the agreement are US$20,000 payable upon execution of the agreement and US$10,000 payable on the 1st day of each month beginning January 1, 2011 through to August 1st, 2011 for total cash payments of $100,000. The initial term of this agreement is for 1 year and may be terminated by either party by providing 60 day notice.
UHO also clarifies that EAM an investor relations company previously engaged by UHO and based in Toronto, Ontario was, as part of their agreement dated May 12, 2010, granted options to purchase 1,000,000 common shares of UHO at an exercise price of $0.15 per share, vesting 1/3 per year over three years and with a five year expiration, terms described in the news release of May 12, 2010. No monetary compensation is payable to EAM. The grant of options to EAM remains subject to TSXV approval.
Additionally, the following individuals were granted stock options pursuant to UHO's existing stock option plan: Mr. Bill Smith will be granted 400,000 options and Carol Florence, AICP will be granted 250,000 options. All option grants are subject to regulatory approval and have an exercise price of $0.15 per share. The options will expire five years from the date of grant and will vest 1/3 per year for 3 years with the first 1/3 vesting upon grant. Mr. Bill Smith is the current financial controller for UHO. Carol Florence is a consultant working for UHO's joint venture company Excelaron. Carol Florence is a principle of Oasis Associates Inc, located in San Luis Obispo, California and has been the lead in the permitting for the Huasna Project.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry and has projects in California and Canada. United Hunter Corp is publicly traded on TSX Venture Exchange (TSX-V: UHO). The Corporation's public filings may be found at http://www.sedar.com.
Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, costs and timing of exploration and production development, availability of capital to fund exploration and production development; political, social and other risks inherent in carrying on business in a foreign jurisdiction, the effects of a recessionary economy and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
This news release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intended" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to the Corporation. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Actual results may differ materially from those currently anticipated. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX.V Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information:
Dr. Arthur Halleran
CEO
(403) 667-4941
ahalleran@unitedhunteroil.com
Scott Koyich, President
Brisco Capital Partners
(403) 262-9888
skoyich@briscocapital.com
or
Graeme Dick, BMgmt
Brisco Capital Partners
(403) 561-8989
graeme@briscocapital.com
http://www.newswire.ca/en/releases/archive/January2011/19/c3800.htm
United Hunter Oil And Gas Cor (UHO) 0.11 up 0.03 (37.50%) Volume: 203,500
(TSX:UHO) United’s 65% ownership interest in the Huasna field
Last year, green tech companies were all the rage among venture capitalists and many investors, as the administration vowed to infuse the bourgeoning alternative energy market with thousands of new jobs and begin hastening the inevitable switch to renewables. This year; however, fossil fuels, particularly oil seem to be making resurgence, with everyone from Facebook founder Sean Parker to top Chamber of Commerce official Karen Harbert speaking out on the current energy reality. From an investors stand point, this might mean rethinking last years investment.
“It is not clear anyone will make money on their green-tech investing. It looks like it was a bubble, “said Mr. Parker of the stateside popularity of alternative fuels.
Harbert mirrors Parkers lack of faith in green technologies, urging Congress to reconsider the amount of funding being put into current tech ventures.
“Can we, in the economic times in which we find ourselves, continue to fund the type of research and development and the types of monies that were spent in the stimulus package on very high-cost energy sources?” she asked.
Harbert believes that this sort of funding ignores the energy economy currently in place and should not take financial precedent over the exploration of off-shore drilling and other oil related options.
“Having people really understand our energy reality, rather than energy as we would like it to be, is incredibly important, particularly at this juncture in terms of our economy,” she said. “It may be lovely to think about a world without fossil fuels, but that simply is not America’s energy reality.”
These sorts of statements from powerful political figures and investors represent an attitude shift that may position existing and emerging oil companies for major gains in the coming months.
Among those oil companies is United Hunter Oil (TSX: UHO), which is featured on the World Market Media MicroCap Index. The company has a 65% ownership interest on the 165 acre Hausna field in the San Luis Obispo County of California, which is estimated to have as much as 100 million barrels (bbls) lying underground. (Although according to well information and references appropriate field analogs, the “Discovered Petroleum Initially-In-Place”, or PIIP, puts the estimate of recoverable oil for United at about 3 million barrels).
Those estimates are based on United’s 65% ownership interest in the Huasna field acquired through the Excelaron Joint Venture, a deal sealed in April of 2010. The area hasn’t been drilled much since initial discovery in 1937; only seven wells were drilled in the field between that first year and 1965. Drilling and production commenced in the late 1950's reaching peak production in 1966. The field was shut in with a cumulative production of about 23,000 bbls of oil.
Now, the rich oil resource is preparing to become fruitful again and it looks like the drilling will become increasingly necessary according to a new report from government agency the Energy information Administration. The report projects that the percentage of total consumption made up by fossil fuels will only fall by 5% by 2035. Considering the limited resources of fossil fuels, the exploration of new sites or older sites where potential has not been fully realized will become increasingly necessary
Date: January 14, 2011 12:58 PM
Publisher: EQUITIES Editors Desk
Source: Brittney Barrett
Categories: US Markets
united hunter oil and gas, equities, the equities group, fossil fuels, green tech
http://www.worldmarketmedia.com/779/section.aspx/2883/post/united-hunter-oil-tsx-uho-could-benefit-from-changing-attitudes-toward-fossil-fuels
$UHO United Hunter Oil and Gas Corp. (TSX:UHO)
EXCELARON LLC HUASNA
Excelaron LLC, Huasna was formed by a group of investors in Australia (Australian Oil Company; www.austrailianoilcompany.com) in 2006 for the purpose of exploration and production of wells on the existing California Division of Oil, Gas & Geothermal Resources (CDOGGR) Huasna Oil Field.
In March of 2010, Vesta Capital Corp. (now United Hunter Oil and Gas Corp.) invested in the Excelaron Huasna project. The principals of both companies have more than 100 years of experience and work in the industry. Principals at United Hunter Oil & Gas Corp. have discovered and produced some of the largest oil discoveries in the world.
http://www.excelaronhuasna.com/content/huasna_project
Source: The Equities Group & World Market Media
United Hunter Oil And Gas Cor (UHO)0.105 down -0.005 (-4.55%)
Volume: 14,000
United Hunter Oil And Gas Corp (UHO) 0.11
This one will be one to watch, management is probably the best in Canadian Oil & Gas.
Stock Symbol: UHO
Exchange: TSX
Shares Outstanding 120,303,000
Shares in Eschrow 50,225,000
Options 8,350,000
Warrents 33,725,000
Shares Outstanding Fully Diluted 162,378,000
And its moves are interesting.
11/23/10 0.13 0.13 0.13 5,000 0.13 +0.04 +44.44%
10/28/10 0.14 0.14 0.14 25,000 0.14 +0.03 +27.27%
I'm going to try and get the float count.
Resource stocks could get hot in 2011.
Yes so will I,
I like the way she moves...
ICEQUITY Will do more DD on this tomorrow.
HUNTER OIL AND GAS CORP (UHO)- Excelaron LLC, Huasana New Joint Venture Site!
http://www.excelaronhuasna.com/
Excelaron LLC, Huasna was formed by a group of investors in Australia (Australian Oil Company; www.austrailianoilcompany.com) in 2006 for the purpose of exploration and production of wells on the existing California Division of Oil, Gas & Geothermal Resources (CDOGGR) Huasna Oil Field.
In March of 2010, Vesta Capital Corp. (now United Hunter Oil and Gas Corp.) invested in the Excelaron Huasna project. The principals of both companies have more than 100 years of experience and work in the industry. Principals at United Hunter Oil & Gas Corp. have discovered and produced some of the largest oil discoveries in the world.
Excelaron, LLC has proposed a small drilling evaluation and production project in the Huasna Valley. The project is proposed on private property within the boundaries of an existing oilfield. The proposed project will have a very minimal footprint, and will utilize existing roads and well pads. Excelaron is currently working with the County to have an independent third party consultant complete a full Environmental Impact Report (EIR).
Drilling site in hills behind Mankin's Ranch.
Due to the evaluation nature of the project, several project phases have been developed to provide a more methodical framework to better assess the project at any given stage in the process.
http://www.excelaronhuasna.com/content/huasna_project
C. M. Florence
AICP
3427 Miguelito Court
San Luis Obispo, CA 93401
(805) 541-4509
Role:
Principal Planner and Regulatory Liaison
Experience:
For over 30 years, Ms. Florence has been involved in numerous aspects of the land planning profession for a variety of projects (e.g., oil exploration/production, solid waste facilities, sand and gravel mines, commercial, retail and residential subdivisions). During that time, she has gained a reputation for providing a disciplined and holistic approach to problem solving based on a thorough knowledge of site and land use planning, engineering and construction, environmental assessment and design. Based upon her ever-expanding technical background and skills, Ms. Florence has successfully represented clients during sensitive negotiations for the permitting of controversial projects. Her ability to coordinate and manage challenging projects and a diversity of consultants has proved invaluable to insure project compliance with federal, state and local regulatory requirements and associated governing bodies, and as importantly, to obtain community consensus.
Michael F. Cannon, P.E.
CANNON
1050 Southwood Drive
San Luis Obispo, CA 93401
(805) 544-7407
Role:
Consulting Civil Engineer – prepared Facilities Engineering Report, designed and engineered all roadway access and well pad locations.
Experience:
Michael F. Cannon is president and managing principal of Cannon, a multi-disciplinary consulting firm providing solutions to clients in oil, gas, and power generation; residential and commercial development; education; infrastructure; streets and highways; water resources; aerospace and defense, Mr. Cannon manages staff including registered civil, mechanical, and structural engineers; certified land-use planners, licensed land surveyors and landscape architects; and instrumentation and electrical engineers. Today, Cannon has offices in San Luis Obispo, Santa Maria, Santa Monica and Bakersfield, California.
Mr. Cannon is the Past President of the Society of Petroleum Engineers; Past President of the American Society of Civil Engineers – San Luis Obispo Chapter, and Past Chair of the Board of Directors for the Economic Vitality Corporation. He is a member of the Industrial Advisory Board for the College of Engineering and the BioResource and Agricultural Engineering Department at Cal Poly, and holds memberships with the National Society of Professional Engineers and the American Consulting Engineers Council. He is a member of the San Luis Obispo County Air Transportation Alliance, Membership Chair for the American Public Works Association, past member of the San Luis Obispo Children’s Museum Board (and financial sponsor), past member of the Cal Poly Foundation for the Performing Arts Center Board; and a donor/sponsor for French Hospital, and Big Brothers Big Sisters of San Luis Obispo County. Mr. Cannon was the recipient of Cal Poly’s College of Engineering Medallion Award.
Timothy S. Cleath, Principal Hydrogeologist, Geologist, HG 81, CEG 1102, RG 3675
CLEATH-HARRIS GEOLOGISTS, INC.
11545 Los Osos Valley Road, Suite C-3
San Luis Obispo, CA 93405
(805) 543-1413
Role:
Consulting Hydrogeologist – Prepared Water Resource Analysis
Experience:
Ground Water Basin Management: Water rights, hydrologic inventories, safe yield estimates, water conservation methods, basin yield optimization, institutional approaches, water quality monitoring.
Studies and Investigations: Feasibility, environmental impact, hydrogeologic, basin yield availability, ground water contamination, hazardous waste site assessment.
Design and Construction Management Services for Water Wells: Site evaluation, preliminary designs, engineer’s cost estimates, contract and specifications documents, monitor work progress and contractual compliance, record drawing.
Field Exploration: Pumping tests, drilling programs, geophysical surveys, fluid level measurements, ground water sampling, geologic mapping.
Geotechnical Investigations: Sea cliff retreat estimates, seismic hazard assessments, subsidence assessment and mitigation, shrink-swell phenomena, landslide studies, dam siting.
David Dubbink, Ph.D. AICP
DAVID DUBBINK ASSOCIATES
864 Osos Street, Suite D
San Luis Obispo, CA 93401
(805) 541-5325
Role:
Dr. Dubbink provided an acoustic assessment for the Huasna project. He then prepared a peer review of a study prepared by Dr. David Lord for the Huasna Valley Association (There was general agreement between the studies).
Experience:
Dr. Dubbink holds a Master’s degree in urban planning from UC Berkeley as well as a Doctorate in environmental management from UCLA. He manages a consulting firm dealing with noise management issues and is a professor emeritus at Cal Poly State University. The client list for his firm includes the Federal Aviation Administration, all branches of the US military, the Federal Highway Administration and the National Park Service. He has assisted on projects for numerous public agencies and consulting firms in the US and abroad. He has been a regular contributor to the technical literature on community noise analysis. The California High Speed Rail Authority is a current client.
Dennis Shallenberger, P.E, G.E.
EARTH SYSTEMS PACIFIC
4378 Santa Fe Road
San Luis Obispo, CA 93401
(805) 544-3276
Role:
Earth Systems Pacific conducted a geologic hazards study for the project. The study was based upon a review of geologic maps and literature, a site reconnaissance, and geologic evaluation of the information obtained. The general geologic characteristics in the proposed improvement areas were described, existing and potential geologic hazards were identified, and impacts that the geologic conditions may have upon the project were discussed. The report presented information regarding the geologic units underlying the site, the geologic structure, and seismicity. The areas slated for improvements were assessed with respect to such geologic hazards as slope instability, erosion, landslides, expansive soils, naturally occurring asbestos, naturally occurring radon gas. Seismically-induced hazards were also evaluated, including the potentials for strong ground-shaking, ground rupture, liquefaction, lateral spreading, and settlement. The study was conducted as a collaboration between Dennis Shallenberger, P.E., G.E., and Richard T. Gorman, C.E.G. Both are principals of Earth Systems Pacific, with over 30 years of experience each in their respective fields.
Experience:
President of Earth Systems Pacific. A registered professional engineer in the states of California and Nevada, and a registered geotechnical engineer in California with over 30 years of experience in the geotechnical field, Mr. Shallenberger is head of the geotechnical engineering department of Earth Systems Pacific. His project experience includes the $300 million Poly Canyon Village Student Housing Project at Cal Poly, the Chumash Indian Casino and Resort in Santa Ynez, and the Bacara Resort in Santa Barbara. His education consists of a bachelor’s degree in geology from the University of Montana at Missoula and a Master of Science degree in civil engineering with a geotechnical specialty from California State University, Long Beach. Mr. Shallenberger taught senior level courses in soil mechanics and foundation design for more than 20 years at California Polytechnic University, San Luis Obispo. He is a member of the American Society of Civil Engineers and a fellow of the Institute for Advancement of Engineering. He is a former member of the Division of the State Architect Advisory Board, and is a member of the Inspection and Testing Committee of that Board. He formerly chaired and vice-chaired that committee. Currently, he serves as a member on the County of San Luis Obispo’s recently formed countywide Hydromodification Technical Advisory Committee, which was established to develop policies relative to such issues as on-site storm water retention. Mr. Shallenberger has been employed with the Earth Systems companies since 1984.
Richard T. Gorman, Chief Engineering Geologist
EARTH SYSTEMS PACIFIC
4378 Santa Fe Road
San Luis Obispo, CA 93401
Experience:
Mr. Gorman is a Registered Geologist and Certified Engineering Geologist. He is head of the engineering geology department at Earth Systems Pacific. With over 30 years of experience in the geological field and over 22 years of experience in San Luis Obispo County, he is intimately familiar with the geology of central California. He is responsible for geologic investigations project inception, field investigation, data analysis, to final compilation and issuance of the completed report, as well as post-study consultation. He has conducted numerous large-scale geologic investigations involving site specific studies of seismicity, geologic hazard, landslides, faults, and coastal bluff retreat, as well as small-scale studies for single-family residences. He has provided evaluation of landslides for Cal Poly, Chevron Pipeline Company, Unocal, AT&T, San Luis Coastal Unified School District, and the County of San Luis Obispo. The Route 68 realignment between Salinas and Monterey, the Chorro Valley Water Transmission Line, and the Pismo Beach Bluff Erosion Study are among his major projects. Mr. Gorman received his Bachelor of Science degree in Geology from California Polytechnic State University at Pomona. He is a member of the Association of Engineering Geologists and the Geologic Society of America.
Deborah Jones. M.A. Anthropology/Archaeology
FAR WESTERN ANTROPOLOGICAL RESEARCH GROUP, INC.
1725 Diablo Drive
San Luis Obispo, CA 93405
(805) 547.0489
Role:
Consulting Archaeologist and prepared Archaeological Survey Report for the State Route 166/Alamo Creek Road
Experience:
Since 1979, Far Western Anthropological Research Group, Inc. has worked in partnership with both the environmental resources community and government agencies to meet these challenges and, in so doing, is today recognized as one of the leading cultural resources consulting firms in the western United States. This reputation rests on a foundation of solid, cost-effective management and innovative project studies. This proven combination has resulted in the successful completion of some of the most complex and demanding cultural resources programs in the highly-regulated energy, mining, military facilities, and transportation sectors.
At Far Western, we assist our clients in complying with environmental and historic preservation laws such as the National Historic Preservation Act, the Native American Graves Protection and Repatriation Act, the Archaeological Resources Protection Act, the National Environmental Policy Act, and the California Environmental Quality Act.Far Western’s primary laboratory and office facility is located near the University of California in Davis with regional offices in Virginia City and Las Vegas, Nevada and in San Luis Obispo, California. Senior Archaeologist maintains the Far Western Central Coast Branch Office covering San Luis Obispo, Santa Barbara, Monterey, and Santa Cruz counties. She is responsible for a myriad of management, field, laboratory, analysis, and report preparation tasks for both survey and excavation projects. Her research and volunteer contributions to the local region include co-authoring a book chapter on the central coast in California Prehistory: Colonization, Culture and Complexity and serving as Board Member for the San Luis Obispo County Archaeological Society.
Richard Merrill, M.B.A., B.S.
GOLDER ASSOCIATES
425 Lakeside Drive
Sunnyvale, CA 94085
(408) 220-9223
Role:
Consulting Air Quality Engineer – prepared Air Quality Emissions Modeling and Analysis
Experience:
Mr. Merrill provides project management services related to air quality permitting and compliance primarily in support of the company’s solid waste and industrial business practices. Mr. Merrill has 39 years of experience providing air quality consulting services to industry and government (federal, state, and local) in sampling and analysis, air pollution control technology, control system design, thermal destruction of landfill gas and hazardous waste, odor abatement, compliance assessments, and permitting. His technical expertise has focused on the control of air pollutants.
Mr. Merrill has direct experience with pollution control projects in the industrial and utility power generation facilities, Class I, II, and III solid waste landfills, wood treating facilities, paint spray booths, leather treating plants, hazardous waste incinerators, chemical plant industry, wastewater treatment plants, composting facilities, computer component manufacturing processes, pulp and paper mills, Portland cement manufacturing, fiberglass manufacturing, and petroleum refining.
Michael F. Smith, P.E., Senior Vice President
LAMPMAN & SMITH
805 Aerovista Place
San Luis Obispo, CA 93401
(805) 544-9173
Role:
Consulting Structural Engineer, provide structural engineering services for strengthening the Huasna Creek Bridge
Experience:
Mr. Smith is currently Senior Vice President and Project Manager for Lampman & Smith. Mr. Smith has nearly 30 years of building industry experience. The last 20 years he has specialized in structural engineering. His responsibilities also include supervision of all engineering and coordination of engineering staff. His experience includes all aspects of structural design of industrial, commercial and residential structures, preparation and supervision of structural working drawings and calculations, as well as, on-site field inspection and construction supervision
David K. Wolff, Certified Professional Wetland Scientist
SAGE INSTITUTE INC.
2801 Townsgate Road, Suite 213
Westlake Village, CA 91361
(805) 497-8557
Role:
Consulting Biologist – Prepared Botanical and Wildlife Resource Analysis
Experience:
David Wolff serves as the Principal Ecologist for Sage Institute, Inc. (SII) and is a Certified Professional Wetland Scientist with over 30 years of professional experience. Mr. Wolff has special expertise in both flora and fauna, including terrestrial, freshwater aquatic, estuarine, and marine environments. He is knowledgeable in many bioregions of California including Southern California coastal, inland, and desert regions, central coastal & inland areas, Great Valley, and Sierra Nevada foothills. Along with his regional and landscape-scale resources planning experience, he is also an accomplished wetland scientist, botanist, and wildlife biologist well versed in endangered species issues. Throughout his career, David Wolff has conducted studies, prepared reports, obtained regulatory compliance permits, monitored construction projects and, managed projects and staff for a diverse group of public and private sector projects and clients.
David Wolff has conducted and managed endangered plant and wildlife species surveys, holds vernal pool fairy shrimp survey Recovery Permit TE090849-1, and is a USFWS approved California red-legged frog construction monitor. He has facilitated ESA Section 7 Formal Consultations and has managed the preparation and implementation of project-specific and large-scale regional multi-species Habitat Conservation Plans that have involved city and county land use approval processes and agency/public consensus building programs. He is experienced in CEQA/NEPA and California Coastal Act compliance.
David Wolff is a highly trained and experienced wetland scientist whose skills include the delineation of wetlands, Clean Water Act Section 404 permitting, mitigation planning, and the creation, restoration, and monitoring of wetland and riparian habitats. He has assisted clients with obtaining both Individual and Nationwide Permits from the Corps for development and infrastructure projects.
Source-
http://equitiesgroup.com
United Hunter Oil and Gas Corp. (CVE: UHO) Don't Count On Renewable Energy ROI Anytime Soon
United Hunter Oil and Gas Corp. Commences Canadian Well Re-Completion Program
Date : 11/09/2010 @ 2:26PM
Source : Canada NewsWire
Stock: United Hunter Oil And Gas Corp (UHO)
Quote : 0.095 -0.005 (-5.00%) @ 12:45PM
United Hunter Oil and Gas Corp. Commences Canadian Well Re-Completion Program
United Hunter Oil And Gas Corp (TSX:UHO)
Historical Stock Chart
2 Months : October 2010 to December 2010
Click Here for more United Hunter Oil And Gas Corp Charts.
United Hunter Oil & Gas Corp. (UHO: TSX-V) ("United Hunter").
United Hunter Oil & Gas Corp. (UHO) (TSXV - UHO) is pleased to announce
that it plans to commence between the last week of November and first
week of December, 2010 its Alberta, Canadian well re-completion
programs utilizing a new completion technology on two properties,
equipment permitting.
The first program is planned at Atlee Buffalo within the Mannville G oil
pool that was discovered in 1980 and is currently suspended. The
Mannville G pool at Atlee Buffalo (TWP 21; RGE 5; W4) has a large
aerial extent, thick pay zones and very good reservoir properties. UHO
has increased its working interest in the section to 95% through a
purchase of an additional 47.5% from 868218 Alberta Ltd. for
$54,648.50. The first well to re-enter at Atlee Buffalo will be a
suspended well transferred to UHO from Canadian Natural Resources Ltd.
Successful recompletion of this first well is expected to lead to the
potential re-completion of 9 suspended and abandoned wells on this
property.
The second program will be within the Wabamun formation D-1A oil pool,
discovered in 1963, on 2560 acres consisting of four contiguous
sections at the Leduc Woodbend Field (TWP 50; RGE 26; W4). The Wabamun
D-1A pool has 41(o) API oil and has had only intermittent production with very low
recoveries suggesting there is substantial oil left to recover. The
initial program will consist of re-completing two wells. If successful
there are more than 64 suspended or abandoned wells that could
potentially be re-entered; 12 suspended wells of the 64 wells are
adjacent to existing pipelines and another 13 suspended wells of the 64
wells are only 400 meters or less from existing pipelines.
Predominantly all the wells produced oil and gas from lower formations
and not the Wabamun.
The access to the Wabamun D-1A oil pool was obtained through a farmin
between UHO and MEC Operating Company ULC ("MEC"). The farmin agreement
allows UHO to earn 100% of the Wabamun Petroleum & Natural Gas rights
in each 40 acre spacing in which UHO completes a well, subject to a 10%
convertible Overriding Royalty payable to MEC which can be converted to
a 30% working interest after 60 days of production. UHO has a joint
venture with a private company, Snowcap Energy Inc., who is not a
signatory to the farmin agreement but has the right to earn 20% by
paying 28.5% of the costs of the re-completion program. UHO will
execute the re-entries and re-completions, but once production is
initiated in each well MEC will operate the project as MEC owns all the
existing pipelines and facilities.
Dr. Halleran, CEO of UHO comments "the two Canadian re-completion
programs are consistent with UHO's mandate to secure low risk oil
projects with suspended wells. The MEC project is particularly exciting
for UHO as the light oil Wabamun D-1A pool is underdeveloped, has
numerous wells that can re-completed and the gathering system and
facilities are already established".
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian
based corporation with management very experienced in the oil and gas
industry and has projects in California and Canada. United Hunter Corp is publicly traded on TSX Venture Exchange (TSX-V:
UHO). The Corporation's public filings may be found at http://www.sedar.com.
Certain statements contained in this press release constitute
"forward-looking statements" as such term is used in applicable
Canadian and US securities laws. These statements relate to analyses
and other information that are based upon forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management.
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or are not statements of historical fact
and should be viewed as "forward-looking statements". Such forward
looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Corporation to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors include,
among others, costs and timing of exploration and production
development, availability of capital to fund exploration and
production development; political, social and other risks inherent in
carrying on business in a foreign jurisdiction, the effects of a
recessionary economy and such other business risks as discussed herein
and other publicly filed disclosure documents. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate as actual results and future events could
vary or differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements contained in this news release.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the
Corporation undertakes no obligation to update forward-looking
statements and if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable law.
This news release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future
events. When used herein, words such as "intended" and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements are based on assumptions by and information
available to the Corporation. Investors are cautioned that such
forward-looking statements involve risks and uncertainties. Actual
results may differ materially from those currently anticipated. The
forward-looking statements contained herein are expressly qualified by
this cautionary statement.
The TSX.V Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
http://ih.advfn.com/p.php?pid=nmona&article=45156005
Hunter Oil and Gas Corp News Releases
http://www.unitedhunteroil.com/news_releases.htm
November 9, 2010
United Hunter Oil and Gas Corp. Commences Canadian Well Re-Completion Program
September 15, 2010
United Hunter Oil & Gas Corp. Announces New Trading Symbol “UHO”
September 13, 2010
Mr. Ernie Pratt, New Director For The Corporation.
July 19, 2010
Vesta Capital Announces Engagement Agreement with The Abraham Group LLC
July 9, 2010
United Hunter - Atlee Buffalo Working Interest
July 9, 2010
United Hunter - John Masters Appointment
June 22, 2010
Vesta Capital Corp. - AMENDED Notice of Meeting and Record Date
May 31, 2010
Vesta Capital Corp. Announces the Filing of Its Interim Financial Statements and Accompanying MD&A
May 12, 2010
Vesta Capital Corp. hires VP of Exploration and Development and Brisco Capital for IR
May 03, 2010
Vesta Capital Corp. Announces Completion of Qualifying Transaction and $9 Million Financing
April 1, 2010
Vesta Capital Corp. Enters Into Amended And Restated Definitive Agreement For Qualifying Transaction
January 13, 2010
Vesta Capital Corp. Enters Into Definitive Agreement For Qualifying Transaction
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HUNTER OIL AND GAS CORP (UHO)
Corporate Overview
United Hunter Oil is a Junior Oil and Gas company focused on the exploration and production of oil in Huasna California.
Currently, United Hunter has acquired 65% in the underdeveloped Huasna oil field in California, making Huasna a valuable resource. Concurrently, United Hunter is pursuing three larger play prospects in the USA generated by John Masters.
Below, you'll find general corporate information, share capital and links to stock quotes and charts. You can also view our Corporate Overview Presentation. For ease of access, we're also pleased to make past financials available below.
Stock Symbol: UHO
Exchange: TSX
Shares Outstanding 120,303,000
Shares in Eschrow 50,225,000
Options 8,350,000
Warrents 33,725,000
Shares Outstanding Fully Diluted 162,378,000
Working Capital $5,200,000
United Hunter Oil
Head Office
Suite 310
700 – 4th Ave SW
Calgary, Alberta
T2P 3J4
Office: 403-667-4941
http://www.unitedhunteroil.com/index.htm
Source:http://www.equities.com
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