This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Alaska Pacific Energy Considering South Texas Oil/Gas Lease

Stocks in this article: ASKE

MIAMI, Feb. 27, 2013 /PRNewswire/ -- Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) announced earlier this week that it is moving closer to a deal for drilling acreage in McMullen County, Texas. The acreage being considered appears to be able to provide an outstanding pay from the Eagle Ford Shale Pay Zone. Experts have estimated over 25 Billion Barrels of oil and 150 trillion cubic feet of natural gas in the Eagle Ford Shale Pay Zone. The company is in the process of accessing additional geology on the actual tracts that they are considering. There are also stacked payout opportunities in formations that are found both above and below the Eagle Ford. This is a very exciting time at the company.

Company President, Dominick Falso said, "I have spent quite a bit of time investigating various opportunities in a variety of areas. The Eagle Ford Shale Play has been booming for the past few years but we feel, and so do many others, that this boom should last for years to come. Our goals include exchanging restricted shares for drilling rights or even partnering up with current lease owners…again bring restricted common stock to the table. This gives us a year from the a date that we acquire a lease to develop it to production…the theory being that the oil and or gas production will help fortify the company, financially and otherwise… ."

"We have been working very hard since taking over in December," Mr. Falso continued. "We still have a few items that need attention…for instance our website is still not up to date…we expect that to be fixed soon…and we are working on becoming a listed or transparent company again…listed on OTC as a QB Company…however the main objective is to become profitable…and by doing so increase and support shareholder value… ." 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs