I will put AAPH on watch:
From Aim High
AAPH | American Petro-Hunter Could Double From Right Here
On the hunt for the next 10 bagger, we stumbled across a penny stock on the hunt for domestic petroleum. American Petro-Hunter Inc. (AAPH), an oil and gas explorer focused currently on the Kansas Mississippi-Osage Project, looks like it’s about to start gushing up the charts. Due to release their Q3 numbers soon and having recently renegotiated their working interest take with Warpaint Kansas, LP, AAPH stock is on watch for a quick climb up the PPS ladder and an easy target for some triple-digit gains.
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AAPH, AAPH Stock, AAPH quote, AAPH price, American Petro-Hunter Inc. , cheap oil and gas stocks, good oil and gas stocks to buyAAPH Stock Quote
Market Cap: 1.83M
Last: 0.0288 ? +0.0003 (+1.05%)
Volume: 397,277
Dollar Volume: $9,658
Open: 0.03
High: 0.03
Low: 0.022
Trades: 21
Authorized: 200,000,000
Issued and Outstanding: 63,465,597
14-Day Rel Strength: 52.07%
1st Resistance Point: 0.0319
1st Support Level: 0.0239
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American Petro-Hunter is no stranger when it comes to getting dirty and doing some drilling in order to make a couple of bucks on he oil produced from their efforts. As of September 5, 2013, the Company had 6 producing wells in Oklahoma and ownership of 1,410.7 net acres and rights for the exploration and production of oil and gas on an aggregate of approximately 4,733.8 gross acres in Oklahoma.
Over the course of the first 6 months of 2013, American Petro-Hunter banged in $75,009 worth of revenues, a drop in the bucket compared to the $187,677 they had booked during the same period last year, but they were selling an average of 13.1 cumulative barrels per day during 2012. Their most recent 15,000 acre, central Kansas venture has the Company targeting for a potential of 200 barrels per day from the new wells to be drilled which they have an 80% working interest in.
When news of the Kansas deal broke, AAPH stock was trading at well under 0.02 on little to no volume. Slowly, but surely, as volume continued to increase to well over 3 million shares traded, AAPH stock responded i-kind by climbing to as high as 0.08 in late September.
Recently, the Company filed a prospectus for the resale of up to 16,182,230 shares of AAPH stock which Hanover Holdings I, LLC, one of American Petro-Hunter’s main financiers has the rights to. Even though the conversion price was changed back in April to just 0.008 for most of the Hanover Holdings I debt, there should be little to n reason for AAPH stock to not see some re-appreciation of its share price between now and the reporting of their Q3 numbers.
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