MARKETS

American Patriot increases production ten-fold

ASX-listed American Patriot Oil and Gas has increased its production tenfold after closing its asset acquisitions from Peak Energy and Magnolia & Burnett Petroleum, boosting its total production from 30 barrels of oil equivalent per day to 300boepd.

Paul Hunt
American Patriot increases production ten-fold

  The company's major asset acquisitions have delivered a further 270boepd plus and 1.9 million barrels of additional 1P reserves with a PV10 value of US$15.6 million.    Both the Peak and Magnolia...

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