REASONS THIS STOCK COULD SOAR WHEN OIL PRICES SPIKE 50 - 100%

  • The company was founded by a former Exxon Mobil president responsible for 300,000 barrels of production a day (BOPD).
  • Management has invested over $1.5 MILLION in establishing the corporate structure, refining acquisition parameters and developing the current deal pipeline.
  • Current production averages 1133 barrels of oil per month (BOPM) representing 950,000 BO proved / probable reserves. This project is estimated to do 3400 BOPM after rework.
  • Proven and probable (2P) reserves associated with their Louisiana assets have a discounted present value (PV10) of $41,245,950 as of a March 1, 2011 reserve summary prepared by management, indicating attractive potential for growth.
  • Closed bridge financing for $150,000 and went public in 2011.
  • Plans to acquire over 1,500 acres with over 59 shut-in wells and 30 producing wells with 40 BOPD of current production, which will do 200 BOPD with minimal rework representing 2.1 MILLION barrels of proven reserves. A preliminary agreement has already been secured.
  • Plans to acquire and develop $200 MILLION in proven reserves.

Monday, June 6, 2011

American Petro Hunter Announces Positive Oil and Gas at N. Oklahoma Project


SCOTTSDALE, AZ, Jun 01, 2011 (MARKETWIRE via COMTEX) -- American Petro-Hunter, Inc. AAPH 0.00%("American Petro-Hunter" or the "Company") wishes to update the progress of drilling activities currently underway at the NOM1H horizontal well located at the Company's North Oklahoma Project.
The well is making good progress and should reach its engineered lateral depth within the next few days. The operator has informed the Company that during the drilling of the horizontal section excellent oil and gas shows were encountered. The Company is very pleased to report it has been advised of strong oil fluorescence; gassy oil shows and gas kicks which are regarded as very positive developments.
Subsequently, the Company wishes to advise that the probability for the well to be completed as a commercial oil and gas producer is considered high. Once the well reaches the target distance of the lateral leg, the well bore will be immediately swab tested and further evaluated.

Source: Market Watch
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