AAPH -- American Petro-Hunter - a producer not long for the pennies

Replies to This Discussion

Permalink Reply by Ted Weir on January 4, 2010 at 11:06am

1American Petro-Hunter Updates Preparations for Oil Production at Rooney Project -- Company Adds Additional Acreage to Holdings

2010-01-04 09:00 ET - News Release

SCOTTSDALE, AZ -- (MARKET WIRE) -- 01/04/10

American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today announced that site preparations at the #24-1 Double H well are nearing completion in readiness for the commencement of full scale commercial oil and gas production at the Kansas based Rooney Project.

Surface facilities will be complete following this week's delivery of the 600 barrel tank battery thereby ensuring the well will go on pump January 9th at an anticipated rate of 200 barrels per day. The pump-jack, electrical supply and all onsite oil and gas lines have been installed. The natural gas line requires a 3/8th mile tie-in to a nearby commercial pipeline and is slated to be completed shortly.

The Company is also pleased to report that an additional 3 sections of land totaling 1,920 acres have been leased increasing the current Rooney Project land position to over 7,000 acres. With plans to drill 10 wells in the upcoming year at the rate of one new well every month, the added acreage could result in the identification and development of further well locations subject to additional seismic research.

As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy.

About the Rooney Project:

The Rooney Project is located in southwestern Ford County, Kansas 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H is anticipated to begin production at rates over 200 barrels per day. After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated well and oil pool is currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could enable the Company to add 8 additional wells to its portfolio by the end of the third quarter of 2010. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. Please visit www.americanpetrohunter.com to view background information on the project as well as recent photos of drilling operations in Kansas.

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 plans to have the Rooney project in production shortly. 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.
- - - - - - - - - - - - - - - - - -
Robert McIntosh
President & C.E.O.

To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com

▶ Reply to This

Permalink Reply by Ted Weir on January 6, 2010 at 1:40pm

points from last NR

600 Barrel Tank battery are moved on site
Goes on pump on Jan 9th - anticipated 200 BOE
Flaring the gas for the first week until the pipe line is complete.
Spud for # 2 is on January 27
10 drills planned over coming year at 1 drill per month
1,920 acres added to Rooney lease which may result in adding more drill locations (depends on seismic research)

if this hole provides a confirmation on the initial downhole logs = 10 more holes = much larger resource calculation every month

- LOOKOUT ABOVE!

next week will prove interesting...

▶ Reply to This