SCOTTSDALE, AZ — (Marketwire) — 05/18/11 — American Petro-Hunter, Inc. (OTCBB: AAPH) (“American Petro-Hunter” or the “Company”) today is pleased to announce the spud of the NOM1H Horizontal well at the Company’s North Oklahoma Project. Drilling commenced yesterday with the setting of surface casing and the well is drilling ahead.
This is the Company’s first horizontal well and is the inaugural well in a planned series of horizontal wells designed to exploit the 100-foot thick limestone known as the Mississippi Formation. The NOM1H well is expected to take several weeks to reach its engineered total depth, following which it will undergo a period of testing and evaluation.
As reported earlier, the Mississippi Formation has been the focus of intense drilling and development activity which has seen large numbers of horizontal wells drilled, completed and put into production by companies such as Sandridge and Calyx in recent months. Exploration and development activity in the area is extremely competitive and publically disclosed information regarding oil and gas production rates of ongoing and recently drilled horizontal wells is regarded as tightly held information. The Company will endeavor to update stakeholders on a timely basis with drilling results as such information becomes available from the operator.
Company President Robert McIntosh states, “With the spud of the NOM1H well, the Company has implemented what we hope to be the first of many horizontal oil wells that will exploit and develop our acreage at the North Oklahoma Project. Over the coming weeks, the potential of the well will dictate subsequent development and is a cornerstone to our overall strategic plans for the project.”
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.
– – – – – – – – – – – – – – – – – –
President & C.E.O.
Mountainview IR Services, Inc.
Source: Marketwire (May 18, 2011 – 7:00 AM EDT)