SOURCE: American Petro-Hunter, Inc.
SCOTTSDALE, AZ--(Marketwire - May 18, 2011) - American Petro-Hunter, Inc. (OTCBB: AAPH)("American Petro-Hunter" or the "Company") today is pleased to announcethe spud of the NOM1H Horizontal well at the Company's North OklahomaProject. Drilling commenced yesterday with the setting of surface casingand the well is drilling ahead.
This is the Company's firsthorizontal well and is the inaugural well in a planned series ofhorizontal wells designed to exploit the 100-foot thick limestone knownas the Mississippi Formation. The NOM1H well is expected to take severalweeks to reach its engineered total depth, following which it willundergo a period of testing and evaluation.
As reported earlier,the Mississippi Formation has been the focus of intense drilling anddevelopment activity which has seen large numbers of horizontal wellsdrilled, completed and put into production by companies such asSandridge and Calyx in recent months. Exploration and developmentactivity in the area is extremely competitive and publically disclosedinformation regarding oil and gas production rates of ongoing andrecently drilled horizontal wells is regarded as tightly heldinformation. The Company will endeavor to update stakeholders on atimely basis with drilling results as such information becomes availablefrom the operator.
Company President Robert McIntosh states,"With the spud of the NOM1H well, the Company has implemented what wehope to be the first of many horizontal oil wells that will exploit anddevelop our acreage at the North Oklahoma Project. Over the comingweeks, the potential of the well will dictate subsequent development andis a cornerstone to our overall strategic plans for the project."
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 gasproducer within 12 months. The Company is in production at the PostonProject in Trego County, Kansas and the North Oklahoma Project. With theachievable target of becoming a 1000 BOE producer as our goal, AmericanPetro-Hunter is actively on the "hunt" for domestic petroleum assets.Visit us at: www.americanpetrohunter.com
Notice Regarding Forward-Looking Statements
Thisnews release contains "forward-looking statements" as that term isdefined in Section 27A of the United States Securities Act of 1933 andSection 21E of the Securities Exchange Act of 1934. Statements in thispress release which are not purely historical are forward-lookingstatements and include any statements regarding beliefs, plans,expectations or intentions regarding the future. Such forward-lookingstatements include, among other things, the development, costs andresults of our exploration program at our properties and any anticipatedfuture production. Actual results could differ from those projected inany forward-looking statements due to numerous factors. Such factorsinclude, among others, the inherent uncertainties associated withpetroleum exploration and development stage exploration companies. Theseforward-looking statements are made as of the date of this newsrelease, and we assume no obligation to update the forward-lookingstatements, or to update the reasons why actual results could differfrom those projected in the forward-looking statements. Although webelieve that the beliefs, plans, expectations and intentions containedin this press release are reasonable, there can be no assurance thatsuch beliefs, plans, expectations or intentions will prove to beaccurate. Investors should consult all of the information set forthherein and should also refer to the risk factors disclosure outlined inour annual report on Form 10-KSB for the most recent fiscal year, ourquarterly reports on Form 10-QSB and other periodic reports filed fromtime-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
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Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com