SOURCE: Equity Spotlight

July 07, 2011 07:00 ET

American Petro-Hunter on the Road to Becoming an Intermediate Oil and Gas Producer as Cash Flow Increases

NOTE TO EDITORS: The Following Is an Investment Opinion Issued by The Equity Spotlight

NEW YORK, NY--(Marketwire - Jul 7, 2011) - American Petro-Hunter (OTCBB: AAPH) announced yesterday that their previously forecasted estimates of $4.2 million in cash for the year from oil and gas sales (Company press release on 6/29/2011) has now been raised to $5 million after the company commenced gas sales. The Company began selling natural gas into the pipeline at the North Oklahoma Project on July 5th.

American Petro-Hunter is in good company as Newfield Exploration (NYSE: NFX), SandRidge Energy (NYSE: SD) and Cimarex Energy (NYSE: XEC) are looking to the geographical mid section of the US as potential drilling targets. The North Oklahoma area has become a target for drilling as operators become more focused on new drilling techniques like horizontal drilling or reworking already explored areas to reach previously unobtainable oil and gas deposits.

If oil and gas prices reach the expected average of $100 a barrel by year end as many analysts project, American Petro-Hunter's estimates of $5 million may end up being a conservative cash flow figure.

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