The Company is a Canadian resource exploration and development Company that is involved in the acquisition, exploration and development of oil and gas properties in Western Canada and mineral exploration projects throughout North America. The Company is an Alberta based, junior heavy oil producer with interests located in the Lloydminster area of west-central Saskatchewan. The Company has plans to continue growing its current daily production base, and plans on maximizing future production growth, by implementing a series of strategic property acquisitions and increasing its proposed exploration drilling activities proposed for 2012.
The Company maintains a strong balance sheet and has a qualified management team in field exploration, exploration drilling, well operations and has access to the necessary manpower to develop its natural resource and production properties. The Company and its management is committed to creating long term shareholder value, by selecting and acquiring additional strategic oil and gas properties for exploration and development. The Company plans on increasing exploration and development of its existing petroleum and natural gas resource assets and plans on increasing its daily aggregate oil production by development and exploration activities.
Vancouver, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) is pleased to announce that it has entered into a Sub-Participation Agreement with Alberta Star Development Corp. (“Alberta Star”). Under the terms of the agreement, Arctic Hunter has agreed to participate with Alberta Star in the drilling of one test well....
