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Last Post: 10/3/2014 3:41:43 PM - Followers: 23 - Board type: Free - Posts Today: 0

 

 

American Exploration Corp. is an independent oil and gas exploration company formed in 2008. The company was founded by a highly experienced management group that understands the urgent need for American energy independence, and recognizes the new opportunities to tap previously unknown or inaccessible gas fields now within reach, thanks to dramatic advances in recovery technology.

The company has also taken advantage of valuable industry contacts and management's technical expertise to identify new areas with major discovery potential which the company can develop without the exhaustive capital needs typically associated with large oil and gas opportunities.

These include emerging plays in unconventional resources, such as the Haynesville Shale gas as well as other opportunities.

This unique combination of experience supported by strong industry ties and forward-thinking management gives American Exploration Corp. the capabilities of a traditional E&P firm with the fresh approach of a dynamic exploration company.

Despite a recent price decline, natural gas continue to be in high demand. In fact, complacency on the part of exploration companies and the lack of domestic production are believed to have played a significant role in driving oil and gas to previous record high prices. American Exploration Corp. is staying ahead of the curve by exploring for, acquiring and producing significant oil and gas assets for the next energy cycle.

For many reasons, there's never been a better time to invest in natural gas:

  • The ever-increasing cost of finding and developing new sources of crude oil, has ignited an all-out push to develop natural gas as a cleaner-burning, less-polluting fuel.
     

  • Increasing pressure from environmental groups to act against the threat of global warming has led to tough new restrictions on emissions that can only speed the switch to natural gas. The highly-publicized Copenhagen Conference on Global Warming focused world-wide public opinion on the urgent need to switch to cleaner-burning natural gas!
     

  • The recent EPA decree that carbon dioxide is a threat to public health opens the door for the Federal Government to enact unbridled and unlegislated restrictions which will increase the demand for natural gas.

 

Enough Natural Gas to Last Us for Centuries!

There's no better place to find abundant, affordable natural gas than in the Haynesville shale. In its entirety, the Haynesville Shale covers some 3 million acres and is estimated to contain a resource of between 160 and 250 Tcf of natural gas in place, making it the largest on-shore gas filed in the U.S. and the fourth largest in the entire world.

In the last ten years, a number of basin analysis studies and resource assessments commissioned by the United States Geological Survey and the Department of Energy have examined the deep gas potential of the interior basins fringing the Gulf Coast from east Texas to Mississippi. All report favorable exploration targets with very significant resources yet to be discovered.

In the North Louisiana Salt Basin, a very recent unconventional deep gas play formation (shale) has developed in the Haynesville Shale (deep gas section) of Upper Jurassic age.

New Deep-Well Technologies Make Recovery Economical!

Using new recovery methods – horizontal drilling. . .hydro fraction stimulation and deep-well heating – the fairway has emerged as an enormous gas resource with productive zones in the Haynesville, Hosston/Cotton Valley and more recently, the Bossier formations.

A single deep well was drilled in the 1980s on this prospect at a time when neither the technology for developing nor the understanding of shale gas reservoirs existed. The well penetrated a greatly over-thickened Haynesville Shale reservoir that was completely gas charged and over pressured. The Haynesville Shale on the acreage is more than eight (8) times the thickness of that found in northwestern Louisiana.

A recent gas-in-place assessment by Schlumberger was performed having first conducted mineralogical and geochemical analyses on rock cuttings samples from the well, which penetrated the Haynesville formation. These results were then integrated with the petrophysical log data from which the gas volumes were determined.

Estimated ultimate reserves are roughly nine to eleven billion cubic feet (Bcf) per well, characterized by high initial production, quick production of reserves, and high returns on investment due to the quick monetization of reserves.

Expanding the boundaries of all that gas...

...are the 13,225 acres collectively controlled by American Exploration and its two 8% working-interest partners, Guggenheim Energy Opportunities LLC and Mainland Resources Inc., both well-funded and experienced in the area.

Mainland Resources has commited approximately 8,225 net acres and American Exploration has committed another 5,000 net acres to the project, representing a total of 13,225 net acres to the composite project area.

Mainland Resources will be the Operator of the project area and has committed to pay 80% of the initial well (drilling and completion costs) to earn a 51% working interest in the well and total project area. American has agreed to pay 20% of the initial well (drilling and completion costs) to earn a 49% working interest in the well and total project area. Future costs (ie. drilling, completions etc.) for oil and gas activities of the 13,225 net acre project area will be split on a 51%/49% basis between Mainland and American respectively.

The 13,225-acre project area has been completely re-mapped with reprocessed seismic data. The results confirm the acreage is prospective for the Haynesville shale. Mainland has experienced previous success in the Haynesville Shale through its participation in the drilling and completion of two producing wells in DeSoto Parish, Louisiana.

Mainland expects to complete a third well in DeSoto Parish in the fourth quarter of 2009 or the first quarter of 2010.

The right people running the right company at just the right time. This under-$1 stock is headed for $5 or higher, soon!

American Exploration Corp. was founded by experienced energy sector management with a history of success in exploration and development through to production. Their collective experience represents many years of building value in junior, middle-market and major energy companies involved in significant oil, gas and resource projects around the world.

Steven C. Harding, (Hon) B.Sc. & M.Sc. Geology
President, CEO and Director

With almost 27 years experience, Steven C. Harding has occupied various senior positions within EnCana Corporation, its predecessor Alberta Energy and Husky Energy. His experience includes positions of Vice President Northern Canada and Vice President Alaska/MacKenzie Delta at EnCana and Chief Geoscientist at Husky Energy.

Mr. Harding has extensive experience with oil and gas exploration and development within numerous geological basins, both within and outside of North America. Included in his accomplishments is developing the geological model which led to the discovery of the giant White Rose field, offshore Newfoundland. The White Rose field has total reserves currently estimated at about 450 to 500 Million bbls and from 3 to 4 Tcf of gas.

While at EnCana, Mr. Harding and his team negotiated and secured the largest exploration position in the US and Canadian Arctic, leading to the discovery of the Umiak field and receiving an MMS corporate citizen award for outstanding cultural and environmental efforts in Alaska. Mr. Harding’s Bachelor of Science degree in Geology is from McMaster University in Hamilton, Ontario and he earned his Masters degree in Geology at the University of Alberta in Edmonton. Mr. Harding is a Registered Professional Geologist by APEGGA (Association of Professional Engineers, Geologists and Geophysicists of Alberta).

Mr. M.S. (Moni) Minhas (B.Sc. Eng.)
Director

Moni Minhas is a professional engineer and entrepreneur with more than 26 years experience. Moni is a Board of Director of American Oil & Gas Inc. (AEZ), a public oil and gas company based in Denver, Colorado, an active oil and gas exploration and development company in the Rocky Mountain region of the USA with a market capitalization of almost $200 million. Since 2002, he has also served as President of Daroli Khurd Investments Inc., a privately held real estate investment company based in Alberta.

Moni was employed at Encana Corp. and its predecessor Pan Canadian Petroleum for more than 13 years. During this time he was involved with the successful development of oil and gas properties resulting in capital expenditure in excess of $250 million. These projects added gas production of 175 mmscf/day and oil production of 10,000 bbl/day, contributing almost 300,000 BOE in reserves. Moni’s depth of experience and expertise encouraged Pan Canadian to appoint him leader of the Reserves Task Force, whereby he was responsible for reviewing and evaluating the company’s portfolio of petroleum reserves.

Moni is a highly respected author and instructor, designing and teaching numerous oil and gas seminars worldwide. Moni Minhas graduated with B.Sc. (Mechanical Engineering) from the University of Calgary, Calgary, Alberta, Canada in 1980. He also completed first years of Master of Engineering (M.Eng.) and MBA, both from the University of Calgary, Calgary, Alberta. Mr. Minhas is a Registered Professional Engineer by APEGGA (Association of Professional Engineers, Geologists and Geophysicists of Alberta).

 

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PostSubject
#1353   Lets get real. junkHustler 10/03/14 03:41:43 PM
#1352   Someone, MM? is testing the bid with tiny Ecomike 10/03/14 03:37:58 PM
#1350   Volume and price are creeping up. Ecomike 08/20/14 01:15:37 PM
#1349   10-Q quarterly is out. Lets see what it Ecomike 08/19/14 05:48:21 PM
#1348   LOL, I still need to read mine too. Ecomike 08/19/14 10:20:34 AM
#1347   I got my copy of the white paper. maybe_this_time 08/19/14 09:54:16 AM
#1346   STLT bid is creeping higher and the ask Ecomike 08/19/14 09:46:07 AM
#1345   I'll check it out! maybe_this_time 08/15/14 12:08:15 PM
#1344   There is a new white paper just out Ecomike 08/15/14 11:45:56 AM
#1343   Yahhhhhoooo, STLT is alive, new web site and Ecomike 08/05/14 03:22:01 PM
#1342   Gap has closed, and volume and trading are Ecomike 08/05/14 02:59:06 PM
#1341   Only 100 shares on the ask at $5.00 Ecomike 08/04/14 03:31:35 PM
#1340   It's not going to take much to make maybe_this_time 08/04/14 02:39:52 PM
#1339   Looks like I was right about STLT zero Ecomike 08/04/14 02:34:30 PM
#1338   Another green day for STLT :-) Ecomike 07/22/14 05:01:15 PM
#1337   Bid is rising on STLT Ecomike 07/17/14 01:36:37 PM
#1336   Top L-2 ask on STLT is now $22,000 Ecomike 07/16/14 02:49:55 PM
#1335   Be sure to read the last 8-K, they Ecomike 07/14/14 03:39:19 PM
#1334   Heads up folks, last 8-K shows the just Ecomike 06/09/14 10:39:39 PM
#1333   I like what I have seen so far, Ecomike 05/12/14 04:55:28 PM
#1332   STLT time to put a spotlight on innovation Ecomike 05/06/14 11:24:15 PM
#1331   Isn't that an mm signal, lol... Any maybe_this_time 04/27/14 10:55:02 PM
#1330   This is the deadest board, quietest stock, with Ecomike 04/27/14 06:35:27 PM
#1329   4.25% interest rate too! Yes it is all Ecomike 04/11/14 07:56:05 AM
#1328   Approx 725K LOC consigned and underwriten with very maybe_this_time 04/11/14 06:45:01 AM
#1327   You need to read the last 2 SEC Ecomike 04/10/14 11:24:22 PM
#1326   let me backtrack this one while TQD incubator Solar_Express 04/04/14 11:58:50 PM
#1325   Any insight? junkHustler 02/26/14 03:34:30 PM
#1324   Eco, are you going to respond to Gantor? BD85 02/21/14 10:49:00 AM
#1323   The ultimate paint job and it did nothing. Ecomike 02/20/14 12:38:21 AM
#1322   1 share sold today for .1005... Good maybe_this_time 02/19/14 10:36:46 PM
#1321   Pardon me?! LOL junkHustler 02/19/14 10:36:01 PM
#1320   STLT up 1709% today Ecomike 02/19/14 04:57:14 AM
#1319   img189.imageshack.us/img189/7378/6429395.jpg eddy2 02/13/14 10:09:48 AM
#1318   I now control it all. It is mine eddy2 02/13/14 10:07:52 AM
#1317   Ticklush 02/10/14 08:53:06 PM
#1316   Eco, I almost bought some of this after you Gantor50 02/06/14 09:30:57 PM
#1315   :-) Indeed it does, ask is supper thin!!! Ecomike 02/06/14 11:57:26 AM
#1314   Hey, $200 ask slap has us 2.1 x 2.5... maybe_this_time 02/06/14 10:33:57 AM
#1313   LOL, yes it is!!!! The key is that Ecomike 02/03/14 01:51:49 PM
#1312   1.1 x 2 is a little better than maybe_this_time 02/03/14 01:16:34 PM
#1311   $STLT heads up folks, L-2 is changing, way Ecomike 02/03/14 01:14:49 PM
#1310   I talked to the CEO today, he is Ecomike 01/28/14 04:41:10 PM
#1309   Would like to learn more about the current maybe_this_time 01/28/14 02:17:10 PM
#1308   Glad you "spot"ed that :-) Ecomike 01/28/14 02:15:34 PM
#1307   Looks like they have a new website out there... maybe_this_time 01/27/14 12:15:52 PM
#1306   Guess I am just trying to multi task Ecomike 01/25/14 09:33:47 PM
#1305   Pretty sure it was spotlight all along... maybe_this_time 01/25/14 08:53:16 PM
#1304   Another good buy at $1.30 partially filled is Ecomike 01/25/14 03:42:03 PM
#1303   That is an error Ecomike 01/21/14 01:28:45 AM
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