North American Petroleum is pleased to report initial production rates for two wells in the producing Mississippi Lime formation in Oklahoma, in line with its strategy to build net production and reserves by acquiring and developing a portfolio of leases in liquids rich hydrocarbon plays.

North American’s Managing Director Stefan Olivier said, “From a standing start at the time of our IPO in March 2013, we now hold leases totalling 416 net mineral acres and have interests in seven producing wells in the proven Mississippi Lime formation, Oklahoma. We intend to build on the momentum behind the Company and are actively evaluating opportunities to acquire additional leases and participate in the drilling of new wells in proven US onshore formations, as we look to generate shareholder value by growing net production and proving up reserves.”

Tags: North American Petroleum