Tuesday, January 4, 2011

Energy Stocks; American Petro-Hunter (OTCBB: AAPH) Announces Plans for NOS227 as Next Well at North Oklahoma Project

American Petro-Hunter's second producing oil well at North Oklahoma Project

SCOTTSDALE, AZ - January 4, 2011 (Investorideas.com energy newswire) � Energy company, American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company"), today is pleased to announce that the Company has finalized plans for the next oil well to be drilled at the North Oklahoma Project. The well has been designated NOS227 and is planned for a depth of 4,000 feet.
NOS227 will be a vertical well that is a direct offset to the recently completed commercial oil well at the NOJ26 location. The new well is taking advantage of a favorable oil producing geological trend up dip and to the west where the productive Woodford and Mississippi Formations are the primary objective. The location also offers excellent potential in the Simpson and Wilcox formations. A multiple objective well minimizes risk given the four potentially productive horizons.
The Company has received an A.F.E. (Authority for Expenditure) from the operator for a 50% working interest in the upcoming well. The planned spud date will be announced shortly as soon as the schedule can be confirmed with the drilling contractor. Given that the No. 1 well and the NOJ26 well responded to acidization and fracture stimulation of the oil reservoirs, the Company expects that a similar completion programs will be implemented on the NOS227 well. The production target for this well is in the 125 to 150 BPD range; however, if multiple objectives are all productive, rates may be higher.
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.
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
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