Who We Are - A
Dynamic Company
Aspen Exploration Corporation is a dynamic and award-winning gas exploration and production company operating primarily in northern California. A talented staff allows Aspen to keep overhead costs low and yet participate in numerous exploration and development drilling deals as well as production purchases.
Aspen’s management and directors have many years of experience in the oil, gas and minerals business including oil and gas in California and the Rockies, gold in Alaska, uranium in Wyoming and other minerals commodities. Current activities are primarily focused on natural gas in California, under the direction of President Robert A. Cohan. Aspen is now the operator of 55 gas wells and, in addition, owns non-operating interests in an additional 20 gas wells in California and approximately 40 oil wells in Montana. In the past 5 years Aspen has successfully completed 37 gas wells out of 42 attempts, many of which were "wildcat" wells, a record virtually unheard of in the oil and gas exploration business. 3-D seismic and expert interpreters are essential for this exploration. For a more in-depth look at Aspen’s current activities be certain to view the Corporate Slide Show and the News Releases.
Natural gas producers such as Aspen continue to enjoy relatively high gas prices in excess of $7.00 per MMBTU and continued high prices are expected for the foreseeable future.
The California office of Aspen is located in Bakersfield, CA and Aspen stock is traded on the OTC Bulletin Board under the symbol ASPN. There are approximately 7.5 million shares outstanding, including stock options, and there are currently about 1,075 shareholders. Interested parties may wish to review Aspen’s news releases at this site.