SCOTTSDALE, AZ -- (Marketwire) -- 07/08/10 -- American Petro-Hunter, Inc. (OTCBB: AAPH) ('American Petro-Hunter' or the 'Company') is pleased to update the progress of ongoing field activities at the Kansas based #3 Lutters completion program and in Oklahoma at the No. 1 and No. 2 wells.
The #3 Lutters at the Poston Prospect, in Trego County, Kansas has successfully been perforated and is now being swabbed in preparation for pump jack installation. The operator is confident that all tubing and pipe required to tie in the well should be fully installed by the middle of next week. As existing tanks and infrastructure are already in place, production is planned to commence next week and is anticipated to produce in the 80 to 100 BPD range.
At the North Oklahoma project, the No. 1 Well has successfully pumped back the entire frac fluid load and as of today the well has been tied in to the tank battery from the frac tanks. The gas lines have been connected and a gas sample has been provided to the purchaser. Over the next few days, the well will be monitored closely as to oil flow rates which will be stepped up as pressure builds. This being the first well in the program, the company and operator are proceeding cautiously in order to maintain reservoir integrity. As reported earlier, when the well was acidized, it was producing at 75 BPD rates. Now that the frac program is complete, the Company and engineers are confident that as soon as full flow rates are achieved, the well is anticipated to produce at initial rates in the 350 BPD range of high gravity light oil.
At the No. 2 Oklahoma well site, crews have completed the acidization of the 40 foot pay zone and engineers are currently reviewing the results in order to determine appropriate plans for the well. Recent heavy rains have caused flooding in Oklahoma which has slightly delayed activities on site and the Company will report progress as it becomes available from the operator.
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 and at the Rooney Project in Ford 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 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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