Investorideas.com - Energy Stocks; American Petro-Hunter (OTCBB: AAPH) Receives Independent Research Report from Grass Roots Research and Distribution, Inc.
Visit this company: www.aaphreport.com
SCOTTSDALE, AZ - October 11, 2010 (Investorideas.com newswire) - American Petro-Hunter, Inc. (OTCBB: AAPH) (American Petro-Hunter or the Company) is pleased to announce the receipt of a newly completed research report developed by Grass Roots Research and Distribution, Inc. a well-known financial markets research firm.
The full report is now available for review by shareholders and interested parties on the Company’s website at www.americanpetrohunter.com
The research report updates the recent development and progress of the Company’s oil and gas production projects in Oklahoma and Kansas and concluded with a price target of $1.02 per share. The Grass Roots Research report states that American Petro-Hunter is a lucrative investment opportunity in the oil and gas E&P space and provides an upside potential of 191.3% in the short and long term.
Management is pleased with the price target generated by the report and sees further upside as the Company’s portfolio of production grows. We also believe that the pro-forma generated for the analysis at $70 per barrel is conservative as crude prices have returned above $80 in recent days coincident to the new drilled wells and production in Oklahoma and Kansas.
The information, opinions, conclusions, views and statements in the report are those of Grass Roots and its authors only and the conclusions determined by Grass Roots were formed by an analysis of data provided by the Company. American Petro-Hunter commissioned and paid $7,500 for the development of the report.
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
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