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.
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.
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