Welcome to Archer Petroleum
Archer Petroleum Corp (“Archer” or the “Company”) is an independent oil and gas company focused on the exploration and development of its assets in North America including the Permian Basin of West Texas and the Bakken Shale of North Dakota. The Company’s shares are listed on the TSX Venture Exchange under the symbol “ARK”.
Through its wholly owned subsidiary, Archer holds a 25% net working interest in approximately 4,700 mineral acres within the Greater Joe Mill area in West Texas, with an option on an additional 5,700 gross mineral acres in the area. Archer commenced drilling operations on the Hull #1 well in February 2010 and has plans to drill an additional 2 wells plus 1 re-entry in 2010. An Evaluation of Oil & Gas Reserves on the Greater Joe Mill Project has been completed to NI 51-101 standards by Joe C. Neal and Associates, a Midland based Reservoir Engineering firm with extensive Permian Basin engineering experience.
Archer additionally holds a 50% working interest in approximately 1,500 mineral acres in a Bakken Shale play located in North Dakota. Archer’s partner in this project is a large private operator with a proven track record of success in the prolific Bakken Shale and drilling operations are expected to commence in late 2010.
Archer’s strategy is to provide shareholder value by growing proven reserves and production through the development of its low risk projects, while pursuing key acquisitions of high-impact oil weighted opportunities.
• Growth through high probability assets and production.
• Highly experienced management and operational team.
• Strong financial backing.
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