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.

Friday, September 9, 2011

American Petro Hunter's 2nd Horizontal Well at North Oklahoma Project Ready for Drilling


SCOTTSDALE, AZ--(Marketwire -09/08/11)- American Petro-Hunter, Inc. (OTC.BB: AAPH.OB - News) ("American Petro-Hunter" or the "Company") today provides an update regarding ongoing operations at the NOW-2H horizontal oil well site at the Company's North Oklahoma Project. All field preparations have been completed and readied for the arrival of the drilling rig. The Company has been informed that we are next in line for the rig, which is anticipated to arrive on site shortly.
The NOW-2H horizontal well is a direct 160 acre offset to, and ½ mile from, the NOM-1H well which began full commercial oil and gas production on July 6th. Once drilling commences and the Mississippi formation reservoir is reached vertically, the subsequent directional drilling will involve a 1,600 foot lateral leg drilled directly along the over-100-foot-thick pay zone. Drilling should take between 15-18 days to reach T.D., after which the Company confidently anticipates a rapid program to complete the well. The current objective is to have the NOW-2H pumping to the existing tank battery and gas pipeline by the end of October.
As previously reported, the Company has purchased full working interest participation in up to 11 additional horizontal wells within the play with the NOW-2H becoming the 2nd well implemented under the planned 11 well development program. The program is designed to accommodate the drilling of approximately one horizontal Mississippi formation well every 30 to 60 days.
Company President Robert McIntosh states, "The fall development drill program at the North Oklahoma Mississippi Project is now in full swing with the start of the drilling of the NOW2-H well. We have an aggressive drilling timetable ahead of us in order to fully develop these leases and to ensure we maximize the reservoir potential. After this next well is drilled, the engineers will evaluate the flow rates and oil cut to determine whether a slight stimulation or frack will be required to fully exploit the asset."
Source: Marketwire 


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