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Wednesday, July 6, 2011

Oil and Gas Stocks News; American Petro-Hunter (OTCBB: AAPH) Commences Natural Gas Sales and Forecasts 155 BOE for July

SCOTTSDALE, AZ � July 6, 2011 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is very pleased to announce that as of July 5th, the Company began selling natural gas into the pipeline at the North Oklahoma Project. The commencement of gas sales marks the first gas production from the project and confirms the Company as an oil and gas producer.
This inaugural gas sale event will be calculated at a Barrel of Oil Equivalent (BOE) sum at a 6:1 ratio of MCF gas to barrels of oil and will be combined with oil production figures as shipped from the tanks at month end once actual numbers are tabulated and made available by the operator.
The Company is now projecting, with the added BOE gas, that the cumulative daily net production total has now increased to 155 BOE and we are confident of reaching this total during the month of July. This cumulative number represents oil and gas production from four wells in Oklahoma and two in Kansas.
At 155 BOE per day production rate, the Company is now estimating over $5 million a year in cash flow projections at $90 oil prices. As reported previously, this injection of revenue will be instrumental in meeting our planned development costs as additional offset to the producers, including another horizontal well are now in the final planning and scheduling stages.
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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