Monday, December 27, 2010

Oil and Gas Stocks; American Petro-Hunter's (OTCBB: AAPH) North Oklahoma NOJ26 Oil Well Begins Commercial Production

SCOTTSDALE, AZ - December 27, 2010 ( energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the NOJ26 oil well went on pump as of December 23rd at the North Oklahoma Project and is now in production. This is the second producing oil well at the project.
The well completion program is now finished having undergone a light fracture stimulation ("frack") and acidization of the upper Mississippi oil pay zone formation. Prior to the frack, the 40 foot pay zone was successfully tested and showed an oil cut of over 40% light oil which is now steadily increasing following the completion of the acid treatment.
The well will require several days in order to establish a stable production rate as the remaining frack fluid load will be pumped off during this period. Once fluid removal is complete, the daily oil production rate can be established, which is currently anticipated for an initial production rate (I.P.) in excess of 125 BPD. Ultimately, the true test of the well will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that this early flash of oil will be followed by a period of well stabilization.
As reported earlier, the Company has engineered the next offset location near the NOJ26 and will be announcing a near term spud date sometime in January. With several high quality Mississippian and Woodford development locations engineered as well as exploration locations on the Company's leases, American Petro-Hunter is currently finalizing the 2011 drilling program and will update stakeholders when plans are complete.
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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