SOURCE: American Petro-Hunter, Inc.
SCOTTSDALE, AZ--(Marketwire - Jun 6, 2011) - American Petro-Hunter, Inc. (OTCBB: AAPH)("American Petro-Hunter" or the "Company") is very pleased to reportthat the recently completed NOS122 well is undergoing production testingand appears to be a strong producer and is outperforming expectationsto date.
The NOS122 well is located at the Company's NorthOklahoma Project. The production test and evaluation phase has beenongoing over the past few weeks with high gravity light oil produced tothe storage tank from a 6 foot pay zone. The oil cut has been steadilyover 90% with some associated gas. The well has been producing oil atrates in a broad range generally between 50 and 70 barrels per day.
Althougha stable daily production rate hasn't yet been established, the Companyhas been informed by the operator that the pay zone would benefit from alight fracture stimulation which would in all likelihood allow asignificant increase in daily rates. The partners are now preparing asimple frack plan that will be implemented in the upcoming days.
Theestablishment of a full tank battery and ancillary productionfacilities is in the final stages of construction on the lease.Currently, oil in the onsite storage tank is being prepared for sale tothe local purchaser and inaugural sales are expected shortly. Asreported earlier, the partners have identified a minimum of 3 additionaloffsets to the NOS122 for future development.
Company PresidentRobert McIntosh states, "We are very pleased at the early test resultsat NOS122 and to be producing oil at levels that have exceeded ourexpectations. The plan to stimulate the reservoir and bring on even moreoil, as well as our intent to drill additional wells very shortly, israpidly moving this leasehold into becoming a key component of ourgrowing 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 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