Monday, December 13, 2010

Oil and Gas Stocks; American Petro-Hunter (OTCBB: AAPH) Finalizing Completion of NOJ26 Oil Well in Readiness for Immediate Commercial Production

SCOTTSDALE, AZ - December 13, 2010 ( energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes to announce that the Company has now reached the final stage of the ongoing well completion program of the NOJ26 oil well at the North Oklahoma Project. The well is currently undergoing preparations to commence commercial production.
The final stage of the completion program is underway and involves the acidization and a light fracture stimulation of the upper Mississippi oil pay zone formation. Once the program is concluded this week, the well will be put on pump for immediate production. Scheduling is on track and facility infrastructure is readied for production and shipment of oil for sale.
As reported earlier, NOJ26 encountered a 40 foot oil pay zone in the Mississippi formation. The Company and operator are encouraged by data at two analog wells producing from the same formation less than 1/2 mile away which have cumulatively yielded 46,000 barrels of oil and .75 BCF gas to date. It is anticipated that NOJ26 will produce an early flash of oil greater than 100 barrels per day followed by a period of well stabilization. The true test of the well and its subsequent flow rates will be based on the actual quantity of oil sent to the tanks over the upcoming weeks and months ahead.
Company President Robert McIntosh states "with the recent increase in the price of oil to over $89 per barrel, the Company is very confident that we will have a commercially viable well on pump very soon which, if it produces as anticipated at more than 100 BPD for the initial production period, it could net the Company an additional $120,000 per month beginning in 2011 and pay out within three months. We are already moving ahead and have engineered our next offset location near to the NOJ26 and are scheduling a near term spud date expected for early January."
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:
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.
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
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