By ahadmin November 18, 2013

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ARCTIC HUNTER ENTERS AGREEMENT WITH PETROCAPITA OIL & GAS LP TO DRILL THREE HEAVY OIL WELLS IN LLOYDMINSTER, ALBERTA

Release Date: November 18, 2013

VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSXV: AHU) (“Arctic Hunter”) or the “Company”) announces that it has entered into an agreement with Petrocapita Oil & Gas LP, of Calgary, Alberta, (“Petrocapita”). Under the three well option agreement, Arctic Hunter has agreed to participate with Petrocapita (Farmor) in drilling the three (3) test wells by March 31, 2014. Under the agreement, Arctic Hunter (Farmee) must pay 90% of Petrocapita’s share of the cost to drill, complete and fully equip or abandon the test wells to earn an 80% net interest before payout (BPO), subject to a convertible GORR of 5%-10% payable on the Farmee’s 80% production before payout. After payout, and at the election of the Farmor, the Farmor shall either remain a 20% working interest partner with the 5%-10% GORR in place, or the Farmor will become a 60% working interest partner and the Farmee a 40% working interest partner with the 5% GORR terminated. Arctic Hunter as Farmee will earn in all Farmout Lands, with any future wells drilled on the earned lands to be shared by the Farmor 60%- Farmee 40%, or no GORR payable to the Farmor, or with a GORR payable if the Farmee is 100%. Pending the success of these first 3 wells, the Company may seek to participate in an additional 3 well drilling program with Petrocapita in the greater Lloydminster region of Alberta & Saskatchewan in 2014.

The three (3) farmout test wells are all located near Lloydminster, Alberta. Drilling completion and equipping costs are expected to average $500,000 per well ($450,000 net to Arctic Hunter).
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ABOUT ARCTIC HUNTER ENERGY

The Company is a Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, exploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production and exploration opportunities through selective property acquisitions and identifying low risk exploration drilling activities.

The Company has qualified management and has an Oil & Gas team of professionals seasoned in field exploration and drilling. The Company has the resources and necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource assets. The Company intends to increase its oil production and reserves through its exploration activities and strategic property acquisitions.
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FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
astar@telus.com

or

Robert Hall, Director
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
rthall@shaw.ca
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Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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