SCOTTSDALE, AZ -- (Marketwire) -- 07/27/11 -- American Petro-Hunter, Inc. (OTCBB: AAPH) ('American Petro-Hunter' or the 'Company') is pleased to provide an outline of plans for the next two wells to be drilled at the Company's field development program at the North Oklahoma Project. These next wells in the series have been designated as NOS-2-22 and NOW-2H.
Preparations are now underway to commence drilling of the NOS-2-22 well with a scheduled spud date in approximately 2 weeks. The well is a direct offset to the producing NOS-1-22 well and has been engineered as a 3,500 foot vertical to exploit the productive oil bearing sand formation discovered in previous drilling. This is the first of potentially 3 offsets planned on this particular lease. With production facilities already in place, the drilling is hoped to add an additional 50 BPOD net to the Company by September. An exact spud date will be announced shortly.
The NOW-2H is scheduled as the second upcoming well and is a direct offset to the producing NOM-1H horizontal at the Company's Ripley leases. The well is slated to commence drilling in early September and will include a similar lateral targeting the newly discovered Mississippi reservoir.
As previously announced, American Petro-Hunter has locked in participation on an additional 11 horizontal wells at the Ripley Leases and the NOW-2H is the first of these to be drilled under the development program which is envisioned to involve the drilling of approximately one horizontal Mississippi well every 30 to 60 days. This judicious schedule would allow for a predictable time frame to drill, complete and emplace production facilities for both oil and gas sales every other month.
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 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.
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President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com
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