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American Petro-Hunter announces 15,000 acre Mississippi Lime land package in Kansas


Published Aug 9, 2013
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American Petro-Hunter, Inc. has executed a binding term sheet for the acquisition of a 15,000 acre land package located in central Kansas. The acreage is located in the heart of lands undergoing horizontal well development of the Mississippian "Osage" chert by several major companies.

The agreement is for an 80% Working Interest (W.I.) in the play and carries an 81.25% Net Revenue Interest (N.R.I.). This will add 12,000 net acres to the Company's land ownership. Of significance, American Petro Hunter will be acting as the operator of the project and will be able to dictate the timeline for the lease development.

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