SOURCE: American Petro-Hunter, Inc.

American Petro-Hunter, Inc.

June 25, 2009 07:00 ET

American Petro-Hunter Updates Lutters #1 Well Oil Production

SCOTTSDALE, AZ--(Marketwire - June 25, 2009) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to report that the #1 Lutters Well has been in production for a week and that the first oil shipments for sale have occurred.

The well has been pumping oil at an Initial Production Rate (I.P.R.) of 108 barrels per day (4.5 barrels per hour) at the well head with no water. The actual oil volume being pumped into the tanks is over 90 barrels per day as pumping distance to the tank battery is approximately 2,000 feet. The tank battery was positioned strategically in order to maximize future efforts as the new discovery becomes fully developed. As reported previously, due to the expected increase of oil production over the original estimates, an additional storage tank may still be installed at the site battery in order to allow for 600 barrels of oil storage capacity.

Of significance, N.C.R.A. (National Co-op Refinery Assoc.) of McPherson Kansas, the oil purchaser, has already pumped the tanks and sent two shipments of oil for sale from the Lutters lease. American Petro-Hunter expects that the first revenue checks from the Lutters oil production will arrive to the Company's interest, in August as payments are typically held 30 days by the purchaser.

The Company will report when further data on daily rates are received from the operator and will closely monitor the well production over the next 30 to 60 days. The well should stabilize over a short period of time which will allow for a more in-depth evaluation of future rates with a higher degree of precision. Oil production rates may ultimately differ from those calculated or anticipated; therefore oil pumped to the tanks is the most accurate assessment of any early stage producer.

About the Prospect:

The #1 Lutters well targeted oil production in the Mississippi Dolomite and /or Cherokee sands. The location showed a significant 3D Seismic anomaly pinpointing an oil-bearing zone. In addition, the 750-acre lease block has the potential for a multi-well program with 2 to 3 offset locations possible to fully exploit the acreage. Engineering estimates of the potential production from the indicated pay zone is between 35 and 100 barrels per day from a successful well. Full development of the field could produce up to 400 BOPD of light oil. There is excellent transportation and support infrastructure in the area easily supporting a requisite storage tank battery at the location.

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-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
- - - - - - - - - - - - - - - - - -
Robert McIntosh
President & C.E.O.

To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com

Contact Information

  • Investor Relations:
    Bakerview Investor Relations, Inc.
    1-888-521-7762
    Email Contact