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Monday, June 6, 2011

Oil and Gas Stocks News; American Petro-Hunter's (OTCBB: AAPH) North Oklahoma NOS122 Oil Well in Production

SCOTTSDALE, AZ � June 6, 2011 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is very pleased to report that the recently completed NOS122 well is undergoing production testing and appears to be a strong producer and is outperforming expectations to date.
The NOS122 well is located at the Company's North Oklahoma Project. The production test and evaluation phase has been ongoing over the past few weeks with high gravity light oil produced to the storage tank from a 6 foot pay zone. The oil cut has been steadily over 90% with some associated gas. The well has been producing oil at rates in a broad range generally between 50 and 70 barrels per day.
Although a stable daily production rate hasn't yet been established, the Company has been informed by the operator that the pay zone would benefit from a light fracture stimulation which would in all likelihood allow a significant increase in daily rates. The partners are now preparing a simple frack plan that will be implemented in the upcoming days.
The establishment of a full tank battery and ancillary production facilities is in the final stages of construction on the lease. Currently, oil in the onsite storage tank is being prepared for sale to the local purchaser and inaugural sales are expected shortly. As reported earlier, the partners have identified a minimum of 3 additional offsets to the NOS122 for future development.
Company President Robert McIntosh states, "We are very pleased at the early test results at NOS122 and to be producing oil at levels that have exceeded our expectations. The plan to stimulate the reservoir and bring on even more oil, as well as our intent to drill additional wells very shortly, is rapidly moving this leasehold into becoming a key component of our growing production portfolio."
American Petro-Hunter has a 50% working interest in the NOS122 and oil is sold to Sunoco, the regional purchaser.
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. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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