AAPH - American Petro-Hunter

[aSmith]

This a company that will bears watching this month.

[aSmith]

Get a lot more

[aSmith]

American 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.
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Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com

[administrator]

lets see how she does!

[aSmith]

stock pushing at .70 - analyst has price target of 3.07 for AAPH
get a copy of the analyst report here" Grass Roots Research and Distribution, Inc.

I hear the 1st step-out well on the Rooney Project will spud soon - around Feb 4th

[aSmith]

From Monday's Rooney update news release:

"The well has undergone a regimen of natural gas flow testing that resulted in a rate of 130 MMCF per day. This would be the anticipated production rate following the imminent tie-in to the pipeline.

The pipeline construction is nearing completion and was subject to a short delay in obtaining a permit to bore under the US 60 State Highway. The Company has been advised that the requisite permit is due shortly and it is anticipated that the gas will be tied into the pipeline in approximately 7 days.

The Company further wishes to report that the results of a gas analysis shows a BTU value of 1,527 and is of excellent quality containing various condensates of value. A contract has been executed with the local buyer and pipeline operator and all factors are now in place to commence commercial gas production shortly. NGPL-Midcont prices yesterday were quoted at $5.35 per MCF."

full text here: American Petro Hunter - News Releases

[Jonathan Devine]

SCOTTSDALE, AZ--(Marketwire - February 22, 2010) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to announce that the drill program has commenced on the Shelor 23-2 well location at the Rooney Project, located in Ford County Kansas. The drilling rig has arrived on the lease and the well is set to spud immediately.

[Jonathan Devine]

SCOTTSDALE, AZ--(Marketwire - March 2, 2010) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to update the drilling progress at the Shelor Oil Well at the Rooney Project, located in Ford County Kansas.

Currently, the well has passed the 4,500 foot level and is drilling ahead. The Shelor well is planned for a total depth (T.D.) of approximately 5,400 feet and the Company now anticipates that the well will reach T.D. within 3 days.
Once the well reaches the T.D., any and all prospective oil and gas shows will be evaluated through a series of Drill Stem Tests and a suite of electronic well logs. The election to run casing as a commercial well in readiness for production would be made at that time. Management anticipates well testing to proceed during the upcoming weekend.
The Shelor well is the second oil well to be drilled at Rooney and is part of the Company's planned drill program aimed at drilling at least one well per month in order to rapidly develop the newly discovered reservoir.
The Shelor location is up-dip and North West from the currently producing 24 Double H well. In the event that the Shelor results as the second commercial producer at Rooney, the Company plans a rapid tie-in to the existing oil storage infrastructure and in the event of significant natural gas production to a nearby gas pipeline, a process estimated to take approximately two weeks to complete. Therefore, we would estimate that the Shelor well, if successful, could be generating revenue by mid-March.

[Jonathan Devine]

American Petro-Hunter video outlining the Company's strategic aims and detailing recent important corporate events. Video at: www.americanpetrohunter.com

[aSmith]

good to see others have been posting - AAPH now trading above $1.10 - lots more upside IMO

I have been doing a lot of posting about AAPH on my Facebook AAPH Investor page:
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