American Petro-Hunter Releases Video of Recent Oil Reservoir Discovery
03 März 2010 - 3:30PM
PR Newswire (US)
SCOTTSDALE, Ariz., March 3 /PRNewswire-FirstCall/ -- American
Petro-Hunter, Inc. (BULLETIN BOARD: AAPH) ("American Petro-Hunter"
or the "Company") announced today that the company has released an
informative video detailing its recent oil reservoir discovery. The
undiscovered reservoir was found at the company's Rooney Project,
located in Ford County, Kansas. To view the multimedia assets
associated with this release, please click:
http://multivu.prnewswire.com/mnr/kansasoil/42342/ In addition to
details regarding the discovery, the video features actual footage
of the Rooney Project in Kansas, sound bites from CEO Rob McIntosh,
and discussions of the company's future plans. This discovery 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. To view the video, please visit our website
at: http://www.americanpetrohunter.com/. 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 commenced commercial
production in January. The potential barrels of oil associated with
the discovery well and underlying oil pool are currently estimated
at 500,000 barrels and the Company feels the potential for the
newly discovered reservoir is 3,000,000 barrels of oil. The Company
and partners have developed a minimum of 10 target locations to
drill that could add 10 additional wells to our portfolio by the
end of the fourth quarter of 2010 at a planned drilling schedule of
one new well per month. The operator of the project is S&W Oil
& Gas, LLC of Wichita, Kansas. The purchaser of the oil
production at Rooney is N.C.R.A. of McPherson, Kansas. About
American Petro-Hunter, Inc. (BULLETIN BOARD: 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 at the Rooney Project in Ford County, Kansas.
Rooney is a new discovery for the Company that has the potential to
drill 10 oil wells in 2010 and may contain 3 million barrels of
oil. 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:
http://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. To
find out more about American Petro-Hunter, Inc. (BULLETIN BOARD:
AAPH) , visit our website at http://www.americanpetrohunter.com/.
DATASOURCE: American Petro-Hunter CONTACT: Investor Relations,
Bakerview Investor Relations, Inc.,+1-888-521-7762,
investors@americanpetrohunterinc.com Web Site:
http://www.americanpetrohunter.com/
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