Also, 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. 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. (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 1, 2010: http://www.americanpetrohunterinc.com/news/news.aspx?nrnum=345
American Petro-Hunter Announces Drilling Underway at No. 2 Oil Well in North Oklahoma
SCOTTSDALE, AZ -- (Marketwire) -- 06/07/10 -- American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the No. 2 well at the Company's North Oklahoma Project commenced drilling on June 5th as anticipated. The Company expects the well to reach T.D. (total depth) of 3900 feet in approximately 3 days. It is anticipated that the completion program will be identical to the No.1 well with the running of casing, followed by the perforation and acidizing of the pay zone prior to fracture stimulation.
The No.1well was drilled and completed and put into commercial production with initial production rates anticipated to be in excess of 350 barrels per day of high gravity light oil subject to flowing recovery of all the fracture fluids and load. The purchaser has been contracted for oil shipments from the storage tank facilities constructed on the lease and the Company expects production revenues to begin in early July.
As previously reported, after a detailed review of available project engineering data combined with very favorable early results, the Company has increased its acreage position to an interest in 4 lease blocks at the North Oklahoma Project. The project now offers American Petro-Hunter a rapid, multi-well drilling and completion program with a full field development scenario of 15 potential wells anticipated to produce high gravity light oil above 3800 feet.
The Company is aggressively pursuing its ongoing program to identify and lease prospective targets offering qualified engineering on lands that provide low risk and a high probability of successful drilling and completion of commercially viable oil wells.
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/
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at http://www.americanpetrohunterinc.com/
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