SCOTTSDALE, AZ — (Marketwire) — 06/14/11 — American Petro-Hunter, Inc. AAPH (“American Petro-Hunter” or the “Company”) is pleased to advise that the well completion program is fully underway and that production testing of the Mississippi oil formation is currently ongoing at the recently drilled NOM1H Horizontal well at the Company's growing North Oklahoma Project. The well is being readied and prepared for the onset of commercial production.
The completion phase of the well, including swab and production testing, is being undertaken in combination with the immediate installation of long term production facilities including a pumping unit, tank battery, ancillary metering and electrical equipment on the lease. The determination to rapidly move forward and complete the production facilities was based on a confident expectation that the Company will be generating oil sales from the lease near the end of June or early July.
A decision to move ahead with a full completion program was initiated when NOM1H reached the engineered T.D. of the 1,600 foot horizontal leg with excellent oil and gas shows encountered in the form of strong oil fluorescence; gassy oil shows and gas kicks along the drilled lateral. Subsequent results have offered continued favorably trending data, and as such, have reinforced the Company's expectations for viable commercial production at the lease.
The NOM1H well is the first of a planned series of horizontal wells designed to test and develop oil and gas in the 100 foot thick limestone Mississippi Formation.
About American Petro-Hunter, Inc. 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 and the North Oklahoma 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. AAPH, visit our website at www.americanpetrohunter.com
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
Source: Marketwire (June 14, 2011 – 7:00 AM EDT)
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
