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Wednesday, November 10, 2010

Oil and Gas Stocks News; American Petro Hunter (OTCBB: AAPH) Message from President

Point Roberts WA - November 10, 2010 The Investorideas.com Energy Newswire is pleased to release the following American Petro-Hunter Inc (OTCBB: AAPH) November Newsletter, message from the President, for interested small cap oil and gas stock investors.
Read the full Newsletter at: http://americanpetrohunterinc.com/about/newsletters/aaph-newsletter-november2010.pdf and http://americanpetrohunterinc.com/about/newsletters/aaph-newsletter-november2010.pdf
Newsletter Excerpt:
Message From President, Rob McIntosh, (OTCBB: AAPH)
"This month we are really pleased to bring some more timely news to all our valued stakeholders. I'm always keen to offer updates on our current field activities at the North Oklahoma Project and the developments uncovered by our foray into the Woodford oil shale at the NOJ26 well are very encouraging. At the time of writing this message, we are swabbing the well and fully expect to commence commercial production in a matter of days. Great news for our second commercial producer in Oklahoma and the fourth in total so far for the Company!
The results of drilling the NOJ26 vertical well have been highly encouraging as we hit two clearly defined pay targets. It was a good feeling when our engineering data proved accurate as we intersected our target oil shale with a clearly defined oil bearing formation over 40 feet thick along with an upper Mississippian limestone delivering a further pay zone of similar thickness. We will comingle production from both of these two zones and I am confident that if all the testing goes as anticipated, we could be seeing 200 barrels per day from this well in short order….
Once the NOJ26 well is on pump, a direct offset location with the same multiple objectives will begin. As I wrote in September, we have a new relationship with a local professional drilling contractor and both he and the operator are currently finalizing lease preparations including a detailed site survey and acquisition of all permits. Once everything is in place, we plan to drill again before Thanksgiving and once we have a second vertical well in operation we aim to allow for a period of time for both wells to operate on pump in order to stabilize their respective production. Based on those results, we would incorporate all the data along with the engineering that has already begun on the horizontal well, which will hopefully commence drilling in the first quarter of the New Year.
For new readers, a successful horizontal well drilled laterally down and along the Woodford shale would expose over 1,500 feet of rock, and upon fracture stimulation should produce large quantities of oil. We have a topnotch engineering team in Tulsa and Oklahoma City and having reviewed their analysis, we concur that the potential of a successful horizontal well at the North Oklahoma Project could easily be 500 barrels per day per well of light, high quality crude. Consequently we have big plans in the future for more horizontals. The southern part of our lease block has room to drill up to 5 horizontals in the shale and up to 25 conventional vertical wells if our program successfully finds oil from previously identified and prolific regions such as the Simpson and Wilcox formations.
More good news today as I read that world oil prices hit fresh six-month peaks as the dollar slumped on the back of the US Federal Reserve's new huge stimulus package worth 600 billion dollars aimed at boosting the American economy. Brent North Sea crude for delivery in December delivery rallied, reaching levels last seen in May! In New York, the main contract, light sweet crude for December surged to similar highs. With the dollar slumping, the price of oil is rising, a scenario we are definitely taking note of as we escalate our drilling to take advantage of surging prices….”
To read full article please check out:
http://americanpetrohunterinc.com/about/newsletters/aaph-newsletter-november2010.pdf and http://americanpetrohunterinc.com/about/newsletters/aaph-newsletter-november2010.pdf
About American Petro-Hunter, Inc. (OTC.BB: 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
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
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