American Power Corp. Offers Update On Judith Basin County, Montana “Pace” Coal Project

American Power Corp –  is pleased to provide an update on the exploration program on its Pace Coal Project located in Judith Basin County, Montana.
Preliminary Laboratory Results from Phase II
Preliminary laboratory results for three core samples corresponding to Phase II of the drilling program were received and showed a high energy content with a range of 12,210 and 13,056 BTU measured on a moisture and ash free basis (MAF Btu). Sulfur content ranged from 3.2% to 4.9% on a dry basis while ash content ranged from 30.2% to 43.9% on a dry basis.
Revised Laboratory Results from Phase I
On November 9, 2011, American Power announced preliminary laboratory results for the five core samples of Phase I of its drilling program. At that time, the Company reported energy content with a range of 11,462 and 18,224 Btu/lb (MAF basis). Standard Laboratories, Inc. retested our core samples and revised results yielded a range of 11,462 and 13,081 MAF Btu. No changes were reported for the results on sulfur and ash content.
“We are very excited with the laboratory results for our 2011 drilling campaign. The results keep showing promising results for the Pace Coal Project’s future development,” commented Al Valencia, CEO of American Power. “During 2011, we completed the first two phases of our ambitious exploration program with a total of 14,076 feet drilled. We decided to suspend Phase III operations due to weather conditions that were causing decreasing returns in productivity and increasing operating costs. We anticipate our drilling program to resume on the spring of 2012 and focus on the eastern area of the property, where our team has identified the most promising results to date,” added Mr. Valencia.

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Author: montanaoilreport

After my first job at a newspaper -- delivering papers for the Jackson (TN) Sun, ink was in my veins. Since the 1970's I've worked in every area of the Printing and Publishing industry, with most of that time spent in the pressroom. In 2008 I moved to Montana and purchased the Sun Times of Fairfield (fairfieldsuntimes.com). In 2011 I realized that most media outlets were either ignoring, or attacking, the growing oil and gas industry in Montana, so I started the Montana Oil Report as the source of information on this important industry.

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