Latest Archer Petroleum (APEUF) Headlines
Archer Petroleum Corp - Encounters 48 Feet of Pay on Davenport Project
Marketwire - Wed Jun 05, 9:21AM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce the following results of a recent core drilling test on its 100% owned Davenport project in Logan County, Kentucky, USA: The test was completed by American Engineers, Inc., using a truck mounted coring rig with a 2 inch barrel. The test encountered approximately 48 feet of heavy oil/bitumen saturated sandstone in the Big Clifty formation. Two distinct seams of oil saturated sandstone were observed, both showing significant bleeding of oil from the core sections & petroleum odors. The hole was drilled to a total depth of 86 feet with overburden and inter-burden measuring approximately 36 feet yielding a ratio of 0.75 feet of overburden/inter-burden per foot of oil sand pay.
Archer Petroleum Corp.-Announces Winning Bid for 918 Acre Bituminous/Asphaltic Sands Lease
Marketwire - Fri May 03, 1:41PM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce that the Company has placed a winning bid with the School and Institutional Trust Lands of Utah for a bituminous/asphaltic sands lease comprising 918.95 acres in Sunnyside Tar Sands play in Carbon County, Utah. The Sunnyside Tar Sand deposit is believed to be one of the largest single deposits of bituminous/asphaltic oil sands in the United States and has been the subject of extensive exploratory analysis of the heavy oil/bitumen by various E&P companies in the past (Source: U.S. Department of the Interior Bureau of Mines, "Surface and Shallow Oil Impregnated Rocks and Shallow Oil Fields in the United States", 1965). Closing of the acquisition of this lease is subject to the formal execution of lease documents as provided by School and Institutional Trust Lands of Utah and is expected to happen in the coming weeks.
Archer Petroleum Corp.-Announces Letter of Intent For Acquisition of 25% Interest in Peak Project and International Production and Sales Rights for Sandklene 950
Marketwire - Tue Apr 30, 8:21AM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce its entry into a non-binding letter of intent with Imperial Petroleum Inc. and its subsidiaries, Arrakis Oil Recovery, LLC and Phoenix Metals, Inc. (dba Imperial Chemical Company) for the proposed acquisition by Archer of a 25% interest in the Peak Project and of certain exclusive international production and sales rights for Sandklene 950, a product used in the production of bitumen from tar sands. The right to produce and sell Sandklene 950 in the United States and to certain existing clients, customers and affiliates of Imperial Chemical Company internationally are excluded from the rights to be granted to Archer.
Archer Petroleum Corp - Encounters 48 Feet of Pay on Davenport Project
Marketwire - Wed Jun 05, 9:21AM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce the following results of a recent core drilling test on its 100% owned Davenport project in Logan County, Kentucky, USA: The test was completed by American Engineers, Inc., using a truck mounted coring rig with a 2 inch barrel. The test encountered approximately 48 feet of heavy oil/bitumen saturated sandstone in the Big Clifty formation. Two distinct seams of oil saturated sandstone were observed, both showing significant bleeding of oil from the core sections & petroleum odors. The hole was drilled to a total depth of 86 feet with overburden and inter-burden measuring approximately 36 feet yielding a ratio of 0.75 feet of overburden/inter-burden per foot of oil sand pay.
Archer Petroleum Corp.-Announces Winning Bid for 918 Acre Bituminous/Asphaltic Sands Lease
Marketwire - Fri May 03, 1:41PM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce that the Company has placed a winning bid with the School and Institutional Trust Lands of Utah for a bituminous/asphaltic sands lease comprising 918.95 acres in Sunnyside Tar Sands play in Carbon County, Utah. The Sunnyside Tar Sand deposit is believed to be one of the largest single deposits of bituminous/asphaltic oil sands in the United States and has been the subject of extensive exploratory analysis of the heavy oil/bitumen by various E&P companies in the past (Source: U.S. Department of the Interior Bureau of Mines, "Surface and Shallow Oil Impregnated Rocks and Shallow Oil Fields in the United States", 1965). Closing of the acquisition of this lease is subject to the formal execution of lease documents as provided by School and Institutional Trust Lands of Utah and is expected to happen in the coming weeks.
Archer Petroleum Corp.-Announces Letter of Intent For Acquisition of 25% Interest in Peak Project and International Production and Sales Rights for Sandklene 950
Marketwire - Tue Apr 30, 8:21AM CDT
Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) ("Archer" or the "Company") is pleased to announce its entry into a non-binding letter of intent with Imperial Petroleum Inc. and its subsidiaries, Arrakis Oil Recovery, LLC and Phoenix Metals, Inc. (dba Imperial Chemical Company) for the proposed acquisition by Archer of a 25% interest in the Peak Project and of certain exclusive international production and sales rights for Sandklene 950, a product used in the production of bitumen from tar sands. The right to produce and sell Sandklene 950 in the United States and to certain existing clients, customers and affiliates of Imperial Chemical Company internationally are excluded from the rights to be granted to Archer.
