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Thursday, November 4, 2010

Oil and Gas Stocks; American Petro-Hunter (OTCBB: AAPH) Updates Progress of NOJ26 Well Completion Program at North Oklahoma Project

SCOTTSDALE, AZ - November 4, 2010 (Investorideas.com energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is pleased to provide this latest update regarding the ongoing completion program of the NOJ26 oil well at the North Oklahoma Project.
NOJ26 has undergone a successful fracture stimulation ("frac") program on the oil bearing shale formation. The operator has begun swabbing back the "frac" fluid load and reports that the procedure will be completed in 2 days following which a calculated BPD rate can be ascertained. The Company has been advised that as all pump and tank storage equipment has arrived on site and is ready for immediate installation it is anticipated that NOJ26 will be on pump and producing by early next week as it commences production from the shale formation. Ultimately, the true test of the shale will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that an early flash of oil will be followed by a period of stabilization.
Once the rate of flow has been accurately established from the lower formation, the Company and operator will open the upper 40 foot Mississippi formation pay zone for a comingled, co-production scenario. Engineers believe flow rates from the oil shale zone combined with the upper pay zone could ultimately result in over 200 BPD of production at NOJ26. American Petro-Hunter is a 50% partner in the well.
Additional developments from the North Oklahoma Project will be made available as soon as news from the field becomes available.
About American Petro-Hunter, Inc. (OTCBB: AAPH)
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 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: www.americanpetrohunter.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 www.americanpetrohunter.com
Contact:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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