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Re: StockLearner2011 post# 4543

Wednesday, 06/29/2011 7:10:51 PM

Wednesday, June 29, 2011 7:10:51 PM

Post# of 14747
There was a PR put out today. Here is the info.


SCOTTSDALE, AZ--(Marketwire - 06/29/11) - American Petro-Hunter, Inc. (OTC.BB:AAPH - News) ("American Petro-Hunter" or the "Company") is very pleased to advise that the inaugural sale of production from the NOM1H (horizontal well) and NOS122 oil wells will be shipped from the North Oklahoma Project storage tanks on July 1st to Sunoco, the purchaser of production from the project.

This inaugural oil shipment adds two more production wells to the Company's growing portfolio. These two wells add to production from the No. 1 and NOJ226 wells for a current total of four active producers on the North Oklahoma Project. When the anticipated commencement of production from the NOS227 well comes online shortly, it will bring to a total of five commercial wells in Oklahoma. The Company will be reporting production figures as oil is shipped from the tanks at month end once actual numbers are tabulated.

The Company is confident in establishing a cumulative daily net production total of 130 BPD over the next 30 days. This number represents production from 5 wells in Oklahoma and two in Kansas for a total of 7 wells. Additional barrels of oil and potentially significant BOE (barrels oil equivalent) of natural gas are anticipated once stable production rates are established.

Based on the aforementioned net barrels from all projects, the Company estimates $4.2 million a year cash flow projection at current prices. The injection of revenue will be instrumental in meeting our planned development costs as additional offsets to the producers, including another horizontal well, are now in the final planning and scheduling stages.


This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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