SCOTTSDALE, AZ � March 15, 2011 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is very pleased to announce that as part of an ongoing drill program at the North Oklahoma Project in Payne County, Oklahoma, the latest oil well identified as NOS227 was drilled to a T.D. (total depth) of 3,820 feet and has been categorized as commercially viable.
NOS227 cut all three objectives as planned, these being the Mississippi of 85 feet, Woodford Shale of 45 feet and the lower Simpson of 4 feet. All three zones contain oil shows and following a suite of electronic logs, have the requisite permeability and porosity to produce oil in commercial quantities such that an immediate casing election was made.
The productive Woodford and Mississippi Formations were the primary objectives of the well and both thick section of pay will be completed along with the lower pay in the Simpson formation. Based on an engineering analysis of the well and logs, the Company believes the possibility of a Mississippian-Woodford well with comingled production from both formations is estimated to have a 100-150 BPD potential. American Petro-Hunter has a 50% interest in the well. An update regarding completion plans and timing will be released shortly as the Company plans to expedite the process in order to meet the rigorous drilling timetable for 2011.
As reported earlier, recent horizontal successes in the Mississippian and Woodford by other E&P companies active in Payne County has provided valuable information as to the potential of these two prolific formations for horizontal oil and gas potential. It has been confirmed on leases controlled by the Company that the combined 125 feet of Mississippi-Woodford is a highly attractive horizontal candidate.
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: 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
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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