$AAPH: Drill Here, Drill Now
March 3rd, 2010 at 1:00 pm Posted by
The Dean’s watching $AAPH with excitement, as the stock is moving into the green on more than 450,000 shares in volume and has reached a new 52 week high of $1.10.
As if last night’s after market news wasn’t exciting enough, $AAPH also had news this morning, which included this video covering their newest reservoir discovery, the Rooney Project.
$AAPH plans to drill more than a mile deep (+5,280 feet), which is deeper than other exploration companies have drilled in this area.
The Dean likes $AAPH because he believes people have a lot to be excited about the company’s plan to “Drill Here. Drill Now.” And what better place to drill for oil than a historic production area with new seismic exploration technology close by to production areas that have turned up as much as 2.5 million barrels of oil
In fact, $AAPH believes the Rooney Project could have even more oil—3 million barrels, or more than $230 million worth of oil. The video also tells us that a local refinery in Kansas is already buying $AAPH‘s oil.
The Dean thinks exciting news could keep on coming and the company plans to drill 1 new well every month for a potential 10 wells by the end of 2010.
