AOW
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Company News
American Patriot Oil & Gas boosts oil production, revenue numbers
American Patriot Oil & Gas (ASX: AOW) continues to reap the rewards of its 2018 acquisition spree, reporting growth in both production and revenue for the month of December. The Melbourne-based company achieved record monthly production revenue of A$387,573, representing a 42% increase on the previous month. The increased revenue was underpinned by achieving total […]
American Patriot Oil & Gas gains momentum as production revamp strategy bears fruit
Operations are ramping up rapidly for American Patriot Oil & Gas (ASX: AOW) in the United States, to the extent that the company’s head honcho is jetting off to settle in the aptly named “Land of Opportunity” this week. In its recently released December quarterly, the explorer and developer announced the pending relocation of chief […]
American Patriot Oil & Gas bolsters revenue after acquisition spree
American Patriot Oil & Gas (ASX: AOW) is all smiles after reporting a significant boost in revenue numbers off the back of recent oil and gas acquisitions in the US. In a monthly activities report released to the bourse, the Melbourne-headquartered company announced monthly production results for November had totalled 2,993 barrels of oil. Record […]
American Patriot Oil & Gas closes on acquisitions, boosting production tenfold
American Patriot Oil & Gas (ASX: AOW) has unveiled some “transformative transactions” expected to set the company up as a leading US-based producer of conventional oil and gas. The company emerged from a trading suspension today to reveal the news, which it said has “materially improved” its long-term prospects. The deals include a new funding […]
American Patriot restarts production and sales from Goose Creek, CWS Aceite oil fields
American Patriot Oil & Gas (ASX: AOW) has restarted production at its onshore Goose Creek and CWS Aceite assets in Texas, generating 22 barrels of oil per day from seven wells. The company has so far generated revenue of US$32,592 from production sold, and expects to generate at least a further US$40,000 by month end […]
American Patriot Oil & Gas inks PSA for East Texas acreage
American Patriot Oil & Gas (ASX: AOW) has inked a purchase and sale agreement pertaining to its acquisition of conventional oil and gas assets in East Texas, with the transaction expected to close within 40 days. This agreement follows on from a letter of intent signed back in November and comprises of more than 38 […]
American Patriot Oil & Gas turn it up in 2018
American Patriot Oil & Gas (ASX: AOW) is charging into 2018 at full speed, eyeing off bargain assets to upscale and flip like a renovator’s dream. Setting its sights on conventional oil and gas in the US Gulf Coast and Texas, the exploration and development company will persist with an aggressive acquisition program that has […]
Maiden production and first cash flow locked-in for American Patriot Oil and Gas
American Patriot Oil and Gas (ASX: AOW) has achieved maiden production and locked-in first revenue from its recently acquired oil assets in South Texas and Louisiana in the United States. As production ramps up across its asset portfolio, American Patriot is aiming to produce 500 barrels of oil equivalent per day by the end of […]
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