May 17, 2011 07:00 ET
American Petro-Hunter Inc. (OTCBB: AAPH) Begins Horizontal Drilling Program in Search of 'Big Oil' in Oklahoma
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire
NEW YORK, NY--(Marketwire - May 17, 2011) - American Petro-Hunter, Inc. (OTCBB: AAPH)announced yesterday that the company has begun drilling its firsthorizontal well in the Mississippi Formation in Northern Oklahoma.
Oklahomahas continued to be a focal point for big drilling. Some of the world'slargest oil and gas producers like, Southwestern Energy (NYSE: SWN), Copano Energy, L.L.C. (NASDAQ: CPNO), and Occidental Petroleum Corp (NYSE: OXY)are drilling in the Oklahoma region. American Petro-Hunter is a fastgrowing E&P company with exceptional land holdings in the Oklahomaarea. This will mark the company's first Horizontal Drill program at thecurrent acreage in Oklahoma.
American Petro-Hunter PresidentRobert McIntosh stated in the company's press release, "We are extremelypleased to have begun our very first venture into the realm ofhorizontal well drilling. This venture offers us a possibility like noother, to immediately and significantly increase our oil production. Theopportunity to be right in the heart of the hunt for 'big oil' inOklahoma is an exciting step for the Company."
AmericanPetro-Hunter's Horizontal Drilling announcement comes on the heels ofPresident Obama's nationally televised speech announcing the USgovernment's focus on increasing domestic production of oil and gas.
AmericanPetro-Hunter, Inc. 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 its goal, AmericanPetro-Hunter is actively on the "hunt" for domestic petroleum assets.
For more information, please visit www.americanpetrohunter.com