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Thursday, November 11, 2010

Oil and Gas Stocks; American Petro-Hunter (OTCBB: AAPH) to Complete NOJ26 Oil Well at North Oklahoma Project

SCOTTSDALE, AZ - November 11, 2010 (Investorideas.com energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes to provide the latest update regarding the ongoing oil well completion program currently being undertaken at the NOJ26 location, North Oklahoma Project.
Engineers from the Company and operator have determined to commence the full well completion program from the multiple oil pay zones and have begun to perforate and complete the upper 40 foot Mississippi formation directly above the oil shale. The completion rig was directed to remain onsite, as it has been determined that the upper zone can be safely completed at this time and presents the most cost effective scenario prior to the well ultimately going on pump. The 40 foot Mississippi pay zone showed excellent oil shows and good electronic log response during and following drilling. Two analog wells from the same Mississippi formation between � and � mile away have cumulatively produced 46,000 barrels of oil and .75 BCF gas to date.
It is the Company's opinion that proceeding directly to the comingled zone production scenario will offer the fastest method to evaluate ultimate oil production rates. Establishing the flow rate potential of the entire well ensures that future planning will accurately target the best offset drilling locations on this lease and other land holdings in the area.
NOJ26 has its pump, tank storage equipment and all lines fully installed and it is estimated that the well will be on pump and producing commercially by early next week. Ultimately, the true test of the well 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 well stabilization.
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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American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)