American Petro-Hunter changes investment direction
03/05/2014 10:09 AM
03/05/2014 10:10 AM
American Petro-Hunter, which in December announced that it would drill a horizontal well in Rice County in the first quarter, is now saying in a news release that it will not pursue its Kansas oil and gas projects.
The publicly listed company, headquartered at 250 N. Rock Road, Suite 365, said it has switched strategy from oil exploration to investing in real estate and energy projects to gain more consistent cash flow. It plans to bring in a new management team and buy a work-force accommodation facility in Texas’ Eagleford region. It expects to expand that facility and acquire more in other oil-producing regions.
Join the Discussion
The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.