SOURCE: Equity news Alert

July 21, 2011 07:00 ET

Stock Market News: American Petro-Hunter Grows Footprint in Oklahoma

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the Equity News Alert

NEW YORK, NY--(Marketwire - Jul 21, 2011) - American Petro-Hunter (OTCBB: AAPH) has announced they have acquired a 40% interest in a minimum of 3,000 acres in Southern Oklahoma. Geological reports indicate that the same formations exist on the new land that lead to the successful wells the company has drilled in Northern Oklahoma.

Oklahoma has been a focus for many big oil drillers including Chesapeake Energy Corp (NYSE: CHK), Devon Energy Corp (NYSE: DVN) and EOG Resources (NYSE: EOG) who have all began employing horizontal drilling techniques similar to American Petro-Hunter. Horizontal drilling has made the recovery of oil and gas from previously unreachable targets attainable. Improved fracking techniques as well as horizontal drilling have lead to Oklahoma becoming the second largest oil-producing region in the US.

American Petro-Hunter, by utilizing the newest techniques available in oil and gas recovery, expects to become an intermediate oil and gas producer inside of the next 12-month.

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