Low risk, long term, consistent with predictable production
American Patriot has partnered with Running Foxes Petroleum Inc. on the Livengood oil field located in the oil friendly state of Kansas.
- The Livengood project offers a low risk long term production opportunity with predictable production, fitting into the company’s low risk profile.
- This will be development drilling in a field that was discovered in 1944.
- Each well averages 45,000 to 100,000 barrels per 10 acres
- This is a low risk production and reserves opportunity, with conventional drilling
- A 3D seismic survey over the Livengood Oil Field has defined an oil/water contact.
- Expected IP: 20 to 80 barrels of oil per day.