To acquire 25% WI in Victory gas project in Sacramento Valley, CA.
American Petro-Hunter Inc., Scottsdale, Ariz., (OTCBB: AAPH) plans to acquire a 25% working interest in the Victory gas project in the Sacramento Valley of California from an undisclosed seller for $142,000. The Victory gas project is approximately 20 miles south of Sacramento and within the Eastside stratigraphic trend. It encompasses 668 gross acres and has potential of 8 billion cubic feet of gas. Gas is indicated at depths of 7,900 feet over a pay thickness of 20 feet. The exploratory well planned will be testing Winters sands. The company plans to spud a well in late July.