SOURCE: American Petro-Hunter, Inc.

American Petro-Hunter, Inc.

April 28, 2010 08:00 ET

American Petro-Hunter Acquires Interest in Oklahoma Oil Play -- Drilling Operations Commence

SCOTTSDALE, AZ--(Marketwire - April 28, 2010) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the Company has acquired a 25% working interest in an oil play located in Oklahoma.

Pursuant to the executed Joint Operating Agreement, the Company has advanced funds totaling $52,125 for all costs in connection with the lease acquisition and for 25% of all costs for drilling an initial test well in exchange for a 25% working interest and 80% net revenue interest in the Prospect. 

The Prospect, located in northern Oklahoma, has potential for high gravity light oil above 3800 feet and if successful, wells could produce in the 150 BPD range as anticipated Initial Production Rates. The play has the potential for a multi-well program on 40 acre spacing should the test well prove to be a success. Operations on-site have commenced with road construction and site preparations currently underway, and the Company has been advised that a spud date is predicted within several days subject to the impending arrival of the drilling rig.

Oil continues to trend higher pushed by strong oil demand from China offsetting concerns over high supply levels in the U.S. and around the world. The continued slide of the dollar has helped boost prices, which become cheaper for holders of other currencies. Further support for oil prices from Chinese demand data shows that oil imports to that nation reached near record levels last month and is expected to continue unabated. 

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 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:

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.

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  

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