Market Overview

Shale Energy Stock Plays; (OTCBB: AAPH), (NYSE:CLR) (NYSE:ERF) (NYSE:MRO), Bakken and Woodford Key to the Future of Energy


“Shale plays for oil and gas are the new technology of the industry” - Robert McIntosh,
President & C.E.O. of (OTC.BB: AAPH)

Point Roberts WA- November 15, 2010 ( Energy Newswire) – reports on shale energy stocks in the Woodford Shale and Bakken plays,
as reports come out from within the industry on how shale developments are playing a key role
in the future of energy. Several energy companies are transitioning assets and betting on shale

In the third of a series of articles on the Woodford Shale play, looks at both
Bakken and Woodford and some of the key players in both.

Wood Mackenzie just announced that their latest research report ‘On the rebound – global
upstream spending returns to growth' shows the most spectacular recovery has been in the US,
where total spend should return close to peak levels by 2011. “This is primarily due to restored
confidence and an impressive renewal of activity in unconventional resources, particularly shale
gas. *1

Ernst & Young LLP reported at the beginning of November, “International and National Oil
Companies are beginning to invest heavily in unconventional gas. With gas prices depressed,
investors are looking for gas plays with high liquid content, such as the Eagle Ford, Bakken and
Granite Wash.

The U.S. Geological Survey estimate for the Bakken shale in North Dakota and Montana
(also Saskatchewan and Manitoba) is 3.0 to 4.3 billion barrels of technically recoverable oil,
with a mean value of 3.65 billion barrels. “The Bakken Formation estimate is larger than all
other current USGS oil assessments of the lower 48 states and is the largest "continuous" oil
accumulation ever assessed by the USGS.”

There is also a lot of investor buzz around the Alberta Bakken play.

Bakken is the biggest, but the big players are in both Bakken and Woodford. According to a
recent article in, shale developments are boosting drilling rig counts across
North America, and based on rigs, Woodford is ahead with 140 rigs and Bakken close behind
with 137.

Reuters reported in its recent article, Marathon to drill heavily in Woodford shale in '11 , that
CEO of Marathon Oil Corporation (NYSE: MRO) believes “Woodford expansion has better value
than Bakken.”

In a recently published interview, Robert McIntosh, President & C.E.O. of
(OTC.BB: AAPH) notes, “Shale plays for oil and gas are the new technology of the industry.
Advancements in direction drilling and secondary recovery allow us to drill along these shales-
they have oil it's been found and is more of an engineering issue to extract it, like oil sands. So
we will have known predictable oil and not have to "wildcat" hoping to discover oil. The Bakken
is 200 feet thick and is worth billions to the companies involved. Our Oklahoma shale is new and
we are on the cutting edge of drilling leasing and production. And the majors are there-Devon
(NYSE: DVN, Chesapeake (NYSE: CHK), Newfield (NYSE: NFX and others now producing gas
from the Woodford shale in the south of the State.”

Continental Resources, Inc. (NYSE: CLR) recently reported, “During the nine months ended

September 30, 2010, we invested $866.1 million (including increased accruals for capital
expenditures of $115.4 million and $3.1 million of seismic costs) in our capital program
concentrating mainly in the Bakken field, the Arkoma Woodford and Anadarko Woodford plays,
and the Red River units.”

Woodford Shale/Oklahoma Energy Stocks; Trading as of the close November 12th

Energy stocks lost ground on Friday's trading as oil prices fell, but most experts feel oil could still
run to $100 …

American Petro-Hunter, Inc. (OTC.BB: AAPH) closed at. 0.329 USD
Cimarex Energy (NYSE: XEC) closed at 81.21 USD
Continental Resources, Inc. (NYSE: CLR) closed at 48.90 USD
Devon Energy Corporation (NYSE: DVN) closed at 72.48 USD
Evolution Petroleum Corporation (AMEX: EPM) closed at 5.60 USD
Newfield Exploration Company (NYSE: NFX) closed at 65.80 USD
Marathon Oil Corporation (NYSE: MRO) closed at 33.74 USD
Panhandle Oil and Gas Inc (NYSE: PHX) closed at 27.70 USD
Read Woodford Shale news at the Oil and Gas Journal:
Read Bakken Shale News at the Oil and Gas Journal

Research oil and gas stocks with the Investor ideas stock directory of energy stocks, listed on
the TSX, OTC, NASDAQ, NYSE and global stock exchanges. The directory also includes a
subdirectory of Bakken stocks.

Recent Oil and Gas Stocks/ Shale News:

American Petro-Hunter, Inc. (OTC.BB: AAPH)
American Petro-Hunter (OTCBB: AAPH) to Complete NOJ26 Oil Well at North Oklahoma

SCOTTSDALE, AZ - November 11, 2010 ( energy newswire) – American
Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes
to provide the latest update regarding the ongoing oil well completion program currently being
undertaken at the NOJ26 location, North Oklahoma Project.

Engineers from the Company and operator have determined to commence the full well
completion program from the multiple oil pay zones and have begun to perforate and complete
the upper 40 foot Mississippi formation directly above the oil shale. The completion rig was
directed to remain onsite, as it has been determined that the upper zone can be safely completed
at this time and presents the most cost effective scenario prior to the well ultimately going on
pump. The 40 foot Mississippi pay zone showed excellent oil shows and good electronic log
response during and following drilling. Two analog wells from the same Mississippi formation
between ¼ and ½ mile away have cumulatively produced 46,000 barrels of oil and .75 BCF gas
to date. Full news:

Q&A Interview with Oil and Gas Stock, American Petro-Hunter (OTCBB: AAPH)

Robert McIntosh, President & C.E.O. - It is my opinion that the Woodford is a "mini-
Bakken" for now and can possibly be one of the biggest oil plays in Oklahoma history.
Full interview/article:



More info: American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become
an intermediate level oil and gas producer within 12 months. The Company is in production at
the Poston Project in Trego County Kansas with new drilling activity and production underway at
the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer
as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets.
(OTCBB: AAPH) Company Research

Visit the AAPH showcase profile at

Request News and Info on AAPH
Disclosure, Disclaimer/ AAPH is a paid for advertising client on see below.

Contact American Petro-Hunter:


CALGARY, Nov. 12 /- Enerplus Resources Fund (TSX - ERF.un, NYSE - ERF) is pleased
to announce operating and financial results for the third quarter of 2010. Full copies of
our third quarter 2010 Financial Statements and MD&A have been filed on our website at, under our profile on SEDAR at, and on the EDGAR website


•To date this year Enerplus has acquired over $900 million of new
growth-oriented assets in two of the best plays in North America - the
Bakken crude oil play in the Williston Basin and the Marcellus shale gas
play in northeast United States. The proceeds from our disposition
activities have ensured we maintain our strong financial position while
repositioning into higher growth assets and improving the focus in our
•We expanded our interest in the Marcellus shale gas region with the
purchase of 58,500 net acres of high working interest land in West
Virginia and Maryland. We now own and operate a total of 70,000 net
acres of concentrated land in addition to the nearly 130,000 net acres
of non-operated land in the Marcellus which will provide us with
significant future growth potential.

•We also acquired 46,500 net acres of additional land in the Fort

Berthold area of North Dakota subsequent to the quarter that we believe
is prospective for both Bakken and Three Forks crude oil. This
complements our existing operated position in the region and gives
Enerplus over 70,000 net acres of undeveloped land in North Dakota
together with 140,000 net acres of undeveloped Bakken prospective land
in the Freda Lake/Neptune/Oungre area of southern Saskatchewan that we
operate as well.
•We added 39 sections of land prospective for natural gas from the
Stacked Mannville and Montney formations. We now hold over 65,000 net
acres of undeveloped land in the Deep Basin area.
•2,500 BOE/day of oil and gas production located in Alberta and British
Columbia was sold during the quarter for proceeds of $153 million. As
well, we expect to close the sale of a further 4,500 BOE/day of non-core
assets during the fourth quarter for proceeds of approximately $140
million. The average operating cost of these properties ranged from
$17.00/BOE to $23.00/BOE.
•We were also successful in selling our Kirby oil sands lease for $405
million subsequent to the quarter.
Full news:

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