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Up 19.05% today!What's going to happen next week?
Time to buy?!
PetroHunter Energy Corporation Enters Into Definitive Agreement With Falcon Oil & Gas Ltd. for Sale of an Interest in the Beetaloo Basin Project
May 27, 2009 9:30:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesDENVER, CO -- (MARKET WIRE) -- 05/27/09 -- PetroHunter Energy Corporation (OTCBB: PHUN) announced that it has entered into a binding agreement with Falcon Oil & Gas Ltd. ("Falcon"), a non-arm's length party, under which PetroHunter will sell and assign to Falcon an undivided 25% working interest in PetroHunter's four exploration permits covering seven million acres in the Beetaloo Basin of the Northern Territory, Australia. As PetroHunter had sold a 50% working interest in this prospect to Falcon in September 2008, this will increase Falcon's working interest to 75%. Falcon's Australian subsidiary will become the operator of the Beetaloo Basin project.
Under the terms of the agreement, Falcon will agree to relieve PetroHunter from the $5 million loan made in October 2008 and release the collateral securing that loan, assume current PetroHunter payables with respect to the Beetaloo Basin project in an amount not to exceed AUD$1.5 million (approximately US$1.18 million), and reassign Falcon's 25% working interest in five wells (including the 40-acre tract surrounding each well) located in PetroHunter's Buckskin Mesa project in the Piceance Basin in Rio Blanco County, Colorado, back to PetroHunter. Falcon had acquired the 25% working interest in the five Buckskin Mesa wells in November 2008. In addition, Falcon is assigning its rights to approximately $855,000 of completion capital remaining from the Buckskin Mesa project to PetroHunter.
In addition to transferring the additional 25% working interest, PetroHunter will assign to Falcon its Beetaloo project inventory and its operator cash bonds, and indemnify Falcon against claims and liabilities relating to plugging, abandonment and site reclamation costs for the five Buckskin Mesa wells.
This transaction will provide PetroHunter with access to 26.1 million shares of Falcon stock that had been unavailable for sale. At the closing of this transaction, PetroHunter will place these shares in an escrow account which will provide for scheduled releases of the shares.
The closing of this transaction is subject to the fulfillment of certain closing conditions, as well as the receipt of all required regulatory approvals. Closing of the transaction is expected to occur on or before June 10, 2009.
Shareholder Relationship and Director Relationship
Marc A. Bruner, the Chairman, CEO and President of Falcon, continues to be a significant shareholder of PetroHunter. The negotiation and entering into of the non-binding letter of intent and the definitive agreements continue to be governed by a committee of the independent directors of Falcon.
Carmen J. Lotito, a director of PetroHunter, is a director of Falcon Oil & Gas Australia Pty Ltd., Falcon's subsidiary that owns the existing 50% working interest. PetroHunter has advised Falcon that Mr. Lotito abstained from voting when the PetroHunter Board of Directors voted to approve the agreement.
About PetroHunter Energy Corporation
PetroHunter Energy Corporation, through the operations of its wholly-owned subsidiaries, PetroHunter Operating Company and Sweetpea Petroleum Pty Ltd, is a global oil and gas exploration and production company with primary assets consisting of various oil and gas leases and related interests, including approximately 20,000 net mineral acres in Colorado and an undivided 50% working interest in four Exploration Permits in the Northern Territory, Australia, consisting of approximately 7,000,000 net acres. For more information please visit www.petrohunterenergy.com.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is a British Columbia corporation in the business of oil and gas exploration and production. It has operations in Hungary through its wholly owned subsidiary TXM Oil and Gas Exploration, LLC, in Romania through its wholly owned subsidiary JVX Energy Corporation, in Colorado through its wholly owned subsidiary Falcon Oil & Gas USA, Inc., and in Australia through its wholly owned subsidiary Falcon Oil & Gas Australia Pty Ltd. Further information about Falcon is available at www.falconoilandgas.com.
Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes 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 company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and other factors over which PetroHunter Energy Corporation, or any of its subsidiaries, has little or no control.
Contacts:
PetroHunter Energy Corporation
Corporate Address
1600 Stout Street, Suite 2000
Denver, Colorado 80202 USA
Phone (303) 572-8900
Fax (303) 889-8371
Kyle L. WhiteJohnson
Executive Vice President
(303) 572-8900
Investor Relations & Media Contact:
CTA Integrated Communications
Shirley Thompson
President & CEO
(303) 665-4200
looks good!
HEAVY OIL PROPERTIES
Fiddler Creek
The Company is reviewing production and technical data from two recompleted wells
in the Fiddler Creek properties in Stillwater County, Montana. Preliminary oil
composition and production data indicates that both wells are capable of
delivering continuous heavy oil flow via use of progressive cavity pump
technology.
In January, an additional 3,000 acres of federal leasehold was acquired in the
Fiddler Creek area at the Montana federal sale. This additional acreage increases
the Company's acreage position in the Fiddler Creek area (which includes several
structural features) to more than 23,000 net acres. The Company has completed
geological and geophysical maps and has selected three vertical and three
horizontal well locations for development later this calendar year.
Buckskin Mesa
PetroHunter has begun drilling its fourth well in the 20,000 net acre Buckskin
Mesa project. The first three wells encountered an average of 590 feet of net
sandstone pay, with strong gas shows over at least 3,000 gross feet of section.
Casing has been set in each of the wells in anticipation of completion in the
third and fourth calendar quarters of 2007, pending gathering and marketing
arrangements.
The company has entered into a preliminary scoping agreement with Clear Creek
Energy Services (CCES), an established midstream services provider, to design,
build, and operate a gas gathering system to transport unprocessed gas from the
Company's Buckskin Mesa wells to the Meeker Hub for processing and compression
into REX. CCES has initiated a feasibility study to transport as much as 15
mmcfpd of gas via existing small-diameter pipelines to the Greasewood Hub.
Marketing negotiations are underway with other companies for future delivery of
as much as 100 mmcfpd of production from the Buckskin Mesa area. PetroHunter
believes that limited gas sales from the Buckskin Mesa wells could begin in late
2007, pending completion of the transport and marketing efforts described above.
NATURAL GAS PROPERTIES
Piceance II
PetroHunter is drilling its 14th operated well in the Piceance II project area
near Parachute, Colorado. Each of the 14 wells has encountered gas shows of
greater than 200 feet of net pay, with 12 of the wells containing more than 400
feet of net pay, all in sandstones within the Williams Fork Formation.
The company is in the process of negotiating natural gas marketing agreements
with an established mid-stream provider with firm transport on the Rockies
Express pipeline (REX). The company plans to complete all 14 of its existing
wells, and plans to drill and complete two additional permitted wells to coincide
with the construction of a gathering system during the third and fourth calendar
quarters of 2007.
Authorized - 500,000,000 shares
Issued and outstanding - 222,928,734 shares
200,000 insider buy 10/08 at .11. Might be phun if it goes up LOL.
About PetroHunter Energy Corporation
PetroHunter Energy Corporation, through the operations of its wholly-owned subsidiaries, PetroHunter Operating Company, and Sweetpea Corporation Pty Ltd., is a global oil and gas exploration and production company with primary assets consisting of various oil and gas leases and related interests in oil and natural gas properties, including approximately 20,000 net mineral acres in Colorado and an undivided 50 percent working interest in four exploration permits comprising approximately seven million acres in Australia.
NEWS 10/6:
PetroHunter Energy Corporation Provides Update on Projects in Colorado and Australia
Materials Ordered for Buckskin Mesa Gas Gathering System in Colorado; Significant Oil Shows Encountered in Shenandoah #1 Well in Australia; Two Law Suits Settled
DENVER, CO, Oct 06, 2008 (MARKET WIRE via COMTEX) -- PetroHunter Energy Corporation (OTCBB: PHUN) today announced it has modified its drilling and development plans for its 20,000 net mineral acre Buckskin Mesa project in the Piceance Basin of Colorado, and has settled its two pending court cases. PetroHunter also announced that it encountered potentially significant oil shows in its Shenandoah #1 well drilled on one of the Company's Exploration Permits in Australia.
Colorado -- Buckskin Mesa Operations
As part of the settlement of the "Daniels Litigation" (described below), PetroHunter and Daniels agreed to extend the date for commencing the first well in Buckskin Mesa to July 31, 2009, and to increase the total minimum number of obligation wells to 20, through December 2010. PetroHunter and Falcon Oil & Gas Ltd. intend to close the first phase of their agreement (announced August 25, 2008) in the next few weeks, under which PetroHunter will begin testing and completion operations on one or more of the five wells, which PetroHunter previously drilled but did not complete in Buckskin Mesa.
PetroHunter intends to diligently move forward on the Buckskin Mesa gas gathering system. Under PetroHunter's agreement with CCES Piceance Partners I, LLC ("Clear Creek"), PetroHunter and Clear Creek have begun ordering all necessary materials for construction of the Buckskin Mesa gathering facilities.
Australia -- Potentially Significant Log and Oil Shows in the Beetaloo Basin Project
As announced in 2007, PetroHunter drilled its Shenandoah #1 well (the "Well") on one of its Exploration Permits in the Northern Territory, Australia. In 2008, the Company engaged NuTech Energy Alliance to further analyze the logs from the Well, and to run a shale model, using recent North American oil productive fractured shale analogs. The preliminary results of the NuTech analysis for shales at approximately 3,000-foot depth indicate an estimated initial production rate of several hundred barrels a day (assuming a horizontal well), and a 3-year recovery of 70,000 barrels per well.
Settlement of Litigation
As previously disclosed by PetroHunter, on June 30, 2008 PetroHunter filed a law suit against Daniels Petroleum Company ("DPC") in Denver, Colorado, in which PetroHunter asked the court to interpret the force majeure provisions in the existing contract between DPC and PetroHunter (the "Daniels Litigation"), related to PetroHunter's drilling activities in Buckskin Mesa. On September 30, 2008, the parties finalized and entered into a settlement agreement on this matter and have filed a joint stipulation to fully dismiss the Daniels Litigation.
Also as previously disclosed, Century Drilling Company ("Century") filed a law suit in December 2007 against PetroHunter and its wholly-owned Australian subsidiary (Sweetpea Petroleum Pty Ltd.) in the Supreme Court of Queensland, Australia, in which Century claimed that PetroHunter had breached certain obligations under the parties' drilling contract (the "Century Litigation") related to PetroHunter's Australian operations. PetroHunter and Sweetpea filed counterclaims against Century in the Century Litigation. On August 25, 2008, the parties entered into a settlement agreement, which includes full dismissal of the Century Litigation.
"With the working capital available from the Falcon transactions, as well as removing the uncertainties by settling these two cases, PetroHunter has cleared the path to test Buckskin and to begin implementing our exploration and development plan on both our major assets," stated PetroHunter Chairman and CEO, Charles B. Crowell. "We are also encouraged by the NuTech findings in Beetaloo and will continue to move forward on the opportunities presented in Buckskin Mesa and the Beetaloo Basin."
CONTACT INFORMATION:
PetroHunter Energy Corp.
1875 Lawrence Street
Suite 1400
Denver, CO 80202
Phone: (303) 572-8900
Fax: 303-572-8927
PetroHunter Energy Corporation: Insider Trading and Stock Options
Goto page 0, 1, Next
Common stock purchase or sale:
Transaction
& Date Reported
Date Company Symbol Insider
Relationship Shares
Traded Average
Price Total
Amount Shares
Owned Filing
2008-03-31
Sale 2008-04-02
11:26 am PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 30,000,000 $0.016 $480,000 124,000,000
(Indirect) View
2008-03-31
Sale 2008-04-02
11:24 am PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 30,000,000 $0.016 $480,000 124,000,000
(Direct) View
2007-11-15
Purchase(A) 2008-02-20
2:54 pm PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 16,000,000 $0.5 $8,000,000 154,000,000
(Direct) View
2007-11-15
Purchase(A) 2008-02-20
2:48 pm PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 16,000,000 $0.5 $8,000,000 154,000,000
(Indirect) View
2007-11-15
Purchase 2007-11-30
4:22 pm PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 8,000,000 $0.5 $4,000,000 146,000,000
(Indirect) View
2007-10-29
Purchase 2007-11-30
4:15 pm PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 25,000,000 $0 $0 138,000,000
(Indirect) View
2007-11-15
Purchase 2007-11-30
4:12 pm PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 8,000,000 $0.5 $4,000,000 146,000,000
(Direct) View
2007-10-29
Purchase 2007-11-30
4:10 pm PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 25,000,000 $0 $0 138,000,000
(Direct) View
2007-10-17
Sale 2007-10-18
5:04 pm PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 5,000,000 $0.1 $500,000 113,000,000
(Direct) View
2007-10-17
Sale 2007-10-18
5:02 pm PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 5,000,000 $0.1 $500,000 113,000,000
(Indirect) View
2007-07-19
Purchase 2007-07-31
4:14 pm PetroHunter Energy Corp PHUN NELSON LYLE R
(VP Production) 20,000 $0.4 $8,000 40,000
(Direct) View
2007-05-17
Purchase 2007-05-23
2:28 pm PetroHunter Energy Corp PHUN NELSON LYLE R
(VP Production) 10,000 $0.7 $7,000 20,000
(Direct) View
2007-05-01
Purchase 2007-05-14
1:38 pm PetroHunter Energy Corp PHUN MAB RESOURCES LLC
(10% owner) 50,000,000 $0 $0 118,000,000
(Direct) View
2007-05-01
Purchase 2007-05-14
1:35 pm PetroHunter Energy Corp PHUN BRUNER MARC A
(10% owner) 50,0
some nice action happening on this one
Mab will take ownership within 6 month's/ read k-10 report . then they will take over Gax 10- 12 months !!! what do you think ?
i own petrohunter and i own galaxy energy. my question to board is , is petrohunter going to buy galaxy cbm wells? it been draging on for long time. i talked to brad long, the pr person for galaxy and petrohunter and he does know why it taken so long or if it going to happen. the president of galaxy has pump millions of his person money into the company.the president of galaxy president father is big shareholder of both companys stock.. petrohunter raise alot money last month and still did buy the gas wells. does any body has any in put on this?
Petrohunter with 3 Mill. Break Even last quarter!
Sec-Filing vom 15.08.2007
Notices of Late Filings of Form 10-Q or 10-QSB -- Form 12b-25
Reason: The Registrant’s recent activities have delayed the preparation and review of the Report.
Net results:
The Registrant expects to report a net loss of $7,075,000 for the nine months ended June 30, 2007. This compares to a net loss of $8,557,560 for the nine months ended June 30, 2006.
Net result from Oct.-March was 10 Mill. Dollar
Q3 net result is appr. 3 Mill. Dollar!
Did anybody expect that positiv result? I´am sure not!
Corporate profile per their website:
http://www.petrohunter.com/corp_pro.php
Most recent 10-Q
http://tinyurl.com/32sy97
vtbound - you are added as moderator. Please feel free to modify iboard as you prefere according to results of your digging.....
I called the Maryland Department of Assessments and Taxation (SOS) at tel # 410-767-1344 & was advised that they have not filed the Maryland 2007 Personal Property Return form. This form is to advise the state if Petro has any property in Maryland for taxing purposes. I assume that Petro does not but the form still needs to be filed. This is not a big deal at all and has no bearing on the companies performance etc.
Never-the-Less, I did send an e-mail to Brad (IR) at Petro to give him a heads up about it. I assume they will file the form and if Brad e-mails me back I will advise as well and keep an eye on it although this would not be a reason not to take a position imo.
Sounds good. I am still reviewing this one- Would be much easier for me to do my dd if I did not have a day job. Thanks for starting the board. GLTY.
I just want to follow this stock as I have found interesting PR in interesting sector. That is why the board has been opened...
kmx, how'd you come across this one and is there anything you can share with us?
prolly none watching. i usually take TA questions to the TA board http://www.investorshub.com/boards/board.asp?board_id=7882 and usually someone gets back pretty quickly
GLTU
III
Sounds good. By the look of the charts (which I am no chartist) not sure we are at bottom yet. Perhaps a chartist can give us their opinion here.
Petro is not in good standing with the Maryland SOS. I will call the Maryland SOS tomorrow to find out why. Many times it is minor stuff & nothing to sweat. If I make contact I will post what the reason is tomorrow night.
http://tinyurl.com/2zrggj
i like O&G...will be looking around to see if this an over-sold bottom play...or if this is where it should be...ill post more when i have something
Older pr- Perhaps the best place to start with the dd.
August 21, 2006
PetroHunter Energy Obtains New Trading Symbol: “PHUN”
Denver, Colo. – Aug. 21, 2006 – PetroHunter Energy Corporation (OTC BB: PHUN), whose shares are traded on the Over-the-Counter Bulletin Board (OTC BB), will be trading under the symbol “PHUN” beginning on Monday, August 21, 2006.
In May 2006, PetroHunter Energy Corporation, formerly known as Digital Ecosystems Corp., acquired more than 85% of the stock of GSL Energy Corporation, and the business of GSL became the business of PetroHunter Energy Corporation. Subsequent to May 2006, PetroHunter Energy acquired all the remaining outstanding shares of GSL Energy.
About PetroHunter Energy Corporation
PetroHunter Energy Corporation is a global oil and gas exploration and production company with primary assets consisting of an undivided 50% working interest in oil and gas leases and related assets, including approximately 26,300 net mineral acres in the Piceance Basin of Colorado, seven million net acres in the Northern Territory of Australia, as well as properties in Montana and Utah.
Quite a bit to digest here and start doing dd on. At first blush, quite a drop in sp recently. Appears the shareholders did not like the deals made and the increase in o/s. Like many however, the herd follows and perhaps this one has gotten oversold. I have my eye on this one, will start doing dd and keep an eye out for the reversal.
There are approx. 220mio Shares out, market cap is aroud 120 million USD at the moment.
On May 21st they secured a new credit line facility for 60 million.
http://biz.yahoo.com/e/070522/phun.ob8-k.html
According to the ops update at the end of 2007 Piceance, Powder River and Buckskin Mesa will contribute monthly revenues to PHUN in the range of 7-10 million USD per month on a conservative basis with significant upside potential, depending on flow-rates.
Not included are any heavy oil revenues or any Australian developments.
Within the next 12 months, this puppy should be able to fund itself from ongoing operations, until then, we'll probably see some financing.
Remember Marc A. Bruner's track record, have a look at the most recent company presentation slide 6
http://petrohunter.com/pdf/CorporatePresentationMarch2007.pdf
but whilst regarding that presentation, keep in mind that PHUN now owns 100% of the properties and cash payment obligations are significantly reduced as well!
http://biz.yahoo.com/e/070504/phun.ob8-k_a.html
Also, Galaxy's assetts were bought for a "nickel", whithin four years the purchase price will be amortizised!
http://biz.yahoo.com/e/070501/phun.ob8-k_a.html
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Authorized - 500,000,000 shares
Issued and outstanding - 222,928,734 shares
http://www.petrohunter.com/projects.php
NATURAL GAS PROPERTIES
Piceance II
PetroHunter is drilling its 14th operated well in the Piceance II project area
near Parachute, Colorado. Each of the 14 wells has encountered gas shows of
greater than 200 feet of net pay, with 12 of the wells containing more than 400
feet of net pay, all in sandstones within the Williams Fork Formation.
The company is in the process of negotiating natural gas marketing agreements
with an established mid-stream provider with firm transport on the Rockies
Express pipeline (REX). The company plans to complete all 14 of its existing
wells, and plans to drill and complete two additional permitted wells to coincide
with the construction of a gathering system during the third and fourth calendar
quarters of 2007.
Buckskin Mesa
PetroHunter has begun drilling its fourth well in the 20,000 net acre Buckskin
Mesa project. The first three wells encountered an average of 590 feet of net
sandstone pay, with strong gas shows over at least 3,000 gross feet of section.
Casing has been set in each of the wells in anticipation of completion in the
third and fourth calendar quarters of 2007, pending gathering and marketing
arrangements.
The company has entered into a preliminary scoping agreement with Clear Creek
Energy Services (CCES), an established midstream services provider, to design,
build, and operate a gas gathering system to transport unprocessed gas from the
Company's Buckskin Mesa wells to the Meeker Hub for processing and compression
into REX. CCES has initiated a feasibility study to transport as much as 15
mmcfpd of gas via existing small-diameter pipelines to the Greasewood Hub.
Marketing negotiations are underway with other companies for future delivery of
as much as 100 mmcfpd of production from the Buckskin Mesa area. PetroHunter
believes that limited gas sales from the Buckskin Mesa wells could begin in late
2007, pending completion of the transport and marketing efforts described above.
HEAVY OIL PROPERTIES
Fiddler Creek
The Company is reviewing production and technical data from two recompleted wells
in the Fiddler Creek properties in Stillwater County, Montana. Preliminary oil
composition and production data indicates that both wells are capable of
delivering continuous heavy oil flow via use of progressive cavity pump
technology.
In January, an additional 3,000 acres of federal leasehold was acquired in the
Fiddler Creek area at the Montana federal sale. This additional acreage increases
the Company's acreage position in the Fiddler Creek area (which includes several
structural features) to more than 23,000 net acres. The Company has completed
geological and geophysical maps and has selected three vertical and three
horizontal well locations for development later this calendar year.
Great Salt Lake
PetroHunter is preparing permits for six vertical wells which will be located on
existing seismic lines. The Company has completed geologic and geophysical
analysis, preparation of maps and is in the process of finalizing the necessary
access to the lake from Little Valley Harbor.
AUSTRALIA
Beetaloo Basin
Sweetpea Corporation Pty Ltd. ("Sweetpea"), a wholly owned subsidiary of
PetroHunter Energy Corporation, has signed a Letter of Intent with Century
Resources for a drilling rig for the drilling program in the Beetaloo Basin in
the Northern Territory of Australia. The rig is expected to arrive in the basin
early in the third calendar quarter. Extensive geologic and geophysical work has
identified seven initial well locations. The wells have been staked, and
construction of drilling pads and access roads are being scheduled. Based on our
2D seismic data field acquisition program completed in 2006, several additional
well locations are currently being developed for the first phase of drilling.
Sweetpea currently holds four exploration permits covering approximately seven
million acres within the basin, and has applied for another 1.5 million acres
under two additional exploration permits.
Northwest Shelf -- Offshore Western Australia
On February 19, 2007, the Joint Offshore Authority for the Commonwealth of
Australia and Western Australia granted an exploration permit to Sweetpea
Corporation on the Northwest Shelf of Western Australia (the "NW Shelf Permit").
The permit consists of nearly 20,000 acres located offshore in the Exmouth
Sub-Basin in the Carnarvon Basin. The Northwest Shelf has a number of commercial
oil and gas fields within geologically-significant proximity to Sweetpea's NW
Shelf Permit, as well as existing regional offshore infrastructure.
Sweetpea's NW Shelf Permit is located approximately 60 miles south of Chevron's
recently announced discovery in the Triassic Mungaroo Formation by the Clio #1
well. Drilling in 3,000 feet of water to a depth of 15,500 feet, the well
encountered 623 feet of net gas sands with multi-darcy permeabilities.
Sweetpea's block is located in about 500 feet of water and expected target depths
are projected to be in the range of 10,000 - 15,000 feet. Preliminary analysis
suggests that hydrocarbon potential occurs in both conventional oil and gas plays
and unconventional gas accumulations, both in Mesozoic reservoirs generated from
source rocks that are thermally mature.
About PetroHunter Energy Corporation
PetroHunter Energy Corporation, through the operations of its wholly-owned
subsidiaries, PetroHunter Operating Company and Sweetpea Corporation Pty Ltd, is
a global oil and gas exploration and production company with primary assets
consisting of various oil and gas leases and related interests in oil and natural
gas prospects, including approximately 220,000 net mineral acres in Colorado,
Utah and Montana, and over seven million net mineral acres in Australia.
PetroHunter Energy Corporation shares trade in the United States on the
Over-the-Counter Bulletin Board (PHUN).
Contacts:
PetroHunter Energy Corporation
Corporate Address
1875 Lawrence Street, Suite 1400
Denver Colorado 80202 USA
Phone (303) 572-8900, Fax (303) 572-8927
Dr. Thomas AhlbrandtChairman and CEO
(303) 572-8900
Garry D. LavoldPresident and COO
(303) 572-8900
Michael K. LamCorporate Development North America
(416) 303-8810
Alexander Hubbard-FordCorporate Development Europe
+44 (0) 79 8448 1541
Brad LongInvestor Relations
(866) 795-3436
(360) 332-4013
Investor Relations Contacts
United StatesCTA Integrated Communications
Bevo BeavenSr. Vice President/General Manager
(303) 665-4200
United Kingdom4C Burvale
Carina Corbett, John Carrick Smith+44 (0) 20 7559 6710
Forward-Looking Statements
Except for statements of historical fact, the information presented herein
constitutes 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 company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include general economic
and business conditions, the ability to acquire and develop specific projects,
the ability to fund operations and other factors over which PetroHunter Energy
Corporation, or any of its subsidiaries, has little or no control. For complete
financial reports and other information about the Company and its operations,
investors are encouraged to read the Company's filings with the United States
Securities and Exchange Commission, including forms 10-K and 10-Q.
SOURCE PetroHunter Energy Corporation
Dr. Thomas Ahlbrandt, Chairman and CEO, +1-303-572-8900, or Garry D. Lavold,
President and COO, +1-303-572-8900, or Michael K. Lam, Corporate Development North
America, +1-416-303-8810, or Alexander Hubbard-Ford, Corporate Development Europe,
+44 (0) 79 8448 1541, or Brad Long, Investor Relations, +1-866-795-3436, or
+1-360-332-4013, all of PetroHunter Energy Corporation; or Investors, Bevo Beaven,
Vice President/General Manager of CTA Integrated Communications, +1-303-665-4200, for
PetroHunter Energy Corporation; or United Kingdom Investors, Carina Corbett or John
Carrick Smith, both of 4C Burvale, +44 (0) 20 7559 6710, for PetroHunter Energy
Corporation
http://www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
10-Q for 3/31/07 http://tinyurl.com/32sy97
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