As per your request, please find below today’s “News Release”, June 14, 2010, concerning American Petro-Hunter, Inc. (OTCBB: AAPH) for your review. Also, for those of you who may have missed an informative 3 minute video concerning American Petro-Hunter, Inc., http://www.youtube.com/watch_popup?v=k-r0Ig491T4(OTCBB: AAPH), please proceed to the following link in order to view this video: . Additional information can be found at the Company’s website: http://www.americanpetrohunterinc.com/. If you have any questions or wish additional information, please feel free to contact the undersigned directly. Also, if you know anyone who would like to be added to American Petro-Hunter, Inc.’s email update list,please have them contact us directly. Thank you for your ongoing support concerning American Petro-Hunter, Inc. Further updates will be forthcoming. (Please Note: There were NO attachments sent along with this email).Direct link to American Petro-Hunter, Inc.’s “Corporate Management”: http://www.americanpetrohunterinc.com/about/management.aspx
Direct link to American Petro-Hunter, Inc.’s previous news release dated June 7, 2010: http://www.americanpetrohunterinc.com/news/news.aspx?nrnum=346
American Petro-Hunter Announces Commencement of NOK#3 Oil Well at North Oklahoma Project -- No. 2 Well Completion Is Underway
SCOTTSDALE, AZ--(Marketwire - 06/14/10) - American Petro-Hunter, Inc. ("American Petro-Hunter" or the "Company") today wishes to report on the accelerating activities at the Company's North Oklahoma Project where the third well in the drill program, designated NOK#3, is set to commence drilling operations. The well site location is currently undergoing preparations for the arrival of the drilling rig with a spud date anticipated shortly.
At the No. 2 well location, operations are moving on to completion status, with the running of casing, perforating and acidizing the pay zone prior to fracture stimulation in the over 45 feet of pay. In the event of a successful completion on all wells with no unforeseen delays, the Company anticipates that it should have all 3 oil wells; No. 1 and 2 as well as NOK#3 on production by the end of the month.
As previously reported, the No. 1 well was drilled and completed and has been put into commercial production with initial production rates anticipated, following recovery of all the fracture fluids and load, to be in excess of 350 barrels per day of high gravity light oil. The purchaser has been contracted for oil shipments from the storage tank facility constructed on the lease and the Company expects the first production revenue in early July.
The Company now has a working interest participation in 4 lease blocks and is moving forward towards increasing the overall acreage as new leases become available. The multi-well drilling and completion program on 40 acre spacing could see a minimum of 15 potential wells producing high gravity light oil above 3800 feet. The Company feels the North Oklahoma Project represents a low risk, high probability of success oil play that will provide a predictable revenue stream from the long life production of commercial wells.
About American Petro-Hunter, Inc.The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County and at the Rooney Project in Ford County, Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: http://www.americanpetrohunterinc.com/
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