Oil and Gas Stocks News; American Petro-Hunter (OTCBB: AAPH) Announces New Oil Well NOS122 to Go Into Immediate Commercial Production
SCOTTSDALE, AZ � May 2, 2011 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is very pleased to announce the latest producing oil well in an ongoing series of wells at the North Oklahoma Yale Prospect. The well has been designated as NOS122 and has been swab tested and deemed ready for immediate commercial production.
The NOS122 is a re-entry project where the well bore and casing was opened and then cleaned, with tests resulting in high gravity oil swabbed at a final rate of 5 barrels per hour or the equivalent of 120 barrels per day at 2,700 feet. The testing showed 100% oil cut with no water from 6 feet of sand within the Skinner Formation.
The Skinner is an historic "over producer" of oil. An analog well to the north produced an I.P.R. (Initial Production Rate) of 700 barrels per day and cumulatively produced 80,000 barrels from a 3 foot sand thickness. The NOS122 shows a 6 foot interval and the Company has hopes that rates will exceed the 120 BPOD test rate.
American Petro-Hunter and partner, each with 50% working interests, are moving quickly to install a pump jack, tubing in the well and hook-up to a tank battery. Commercial sales are scheduled to begin immediately upon completion of the equipment installation.
The Skinner zone is a new addition to the Woodford and Mississippi formations already in production at the projects 3 other commercial wells and the related geology of the leases is under analysis to incorporate any and all Skinner potential to existing data. The NOS122 is on a 160 lease block with 3 additional offset locations possible.
In related news at the NOS227 well site, the "multi-stage surge frack," designed by the engineering team to be implemented by Basic Well Services of Cushing, Oklahoma is set for May 4th. Management believes the frack will result in oil production at NOS227with an Initial Production Rate ("IPR") of 300 barrels of oil per day (BOPD). The Company will update progress of the frack as soon as activities warrant, on or shortly after May 4th.
Company President and C.E.O. Robert McIntosh states, "The new NOS122 Skinner Well is a great addition to our growing production in Oklahoma and will be producing soon at very little cost to the Company. The fact that the Skinner is oil with associated gas and with no water to dispose of makes the well extremely profitable with virtually immediate payback to our investment."
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 with new drilling activity and production underway at the North Oklahoma Oil 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.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
The NOS122 is a re-entry project where the well bore and casing was opened and then cleaned, with tests resulting in high gravity oil swabbed at a final rate of 5 barrels per hour or the equivalent of 120 barrels per day at 2,700 feet. The testing showed 100% oil cut with no water from 6 feet of sand within the Skinner Formation.
The Skinner is an historic "over producer" of oil. An analog well to the north produced an I.P.R. (Initial Production Rate) of 700 barrels per day and cumulatively produced 80,000 barrels from a 3 foot sand thickness. The NOS122 shows a 6 foot interval and the Company has hopes that rates will exceed the 120 BPOD test rate.
American Petro-Hunter and partner, each with 50% working interests, are moving quickly to install a pump jack, tubing in the well and hook-up to a tank battery. Commercial sales are scheduled to begin immediately upon completion of the equipment installation.
The Skinner zone is a new addition to the Woodford and Mississippi formations already in production at the projects 3 other commercial wells and the related geology of the leases is under analysis to incorporate any and all Skinner potential to existing data. The NOS122 is on a 160 lease block with 3 additional offset locations possible.
In related news at the NOS227 well site, the "multi-stage surge frack," designed by the engineering team to be implemented by Basic Well Services of Cushing, Oklahoma is set for May 4th. Management believes the frack will result in oil production at NOS227with an Initial Production Rate ("IPR") of 300 barrels of oil per day (BOPD). The Company will update progress of the frack as soon as activities warrant, on or shortly after May 4th.
Company President and C.E.O. Robert McIntosh states, "The new NOS122 Skinner Well is a great addition to our growing production in Oklahoma and will be producing soon at very little cost to the Company. The fact that the Skinner is oil with associated gas and with no water to dispose of makes the well extremely profitable with virtually immediate payback to our investment."
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 with new drilling activity and production underway at the North Oklahoma Oil 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.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)
