Apache Could Jump $12 Higher In 2013

Sun, 05/27/2012 - 03:33 EDT - Seeking Alpha

By Mel Daris:Apache (APA) has had some great luck in terms of its well drilled on the Beryl Field in the North Sea. The well has been described by some as "prolific" and it seems that Apache has stumbled on a well that is producing at the highest initial production rate seen in years. This is a very good example of one of the successful exploration attempts that the company has made of late and is very good news for the company indeed.In addition, I feel that this is a discovery that has the potential to pave the way for further discoveries that will do the company credit in the years to come. More and more investors are being drawn to the North Sea because of discoveries like this. Understandably, the company is very excited about the future prospects of the well, as am I. To me, it seems that thingsComplete Story »

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Apache Could Jump $12 Higher In 2013

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