AAPH - American Petro-Hunter - WATCH
News this week on drill hole at Rooney Project: projected 200 BOE on estimated 500,000 reservoir
News soon (next week?) from Wed news release "offset drilling locations are now being engineered and selected on the Rooney lease and the engineering team will be proposing the full development plan shortly."
company projects an increase in revenues of 15 X to 20 X over the next 24 months
o/s = 23,749,000
price range now (after last weeks breakout run) .60 - .63
AAPH in 2010 -- Could this stock be a multi-bagger?
Regardless
of blue sky potential this stock has higher prices written all over it
if they can deliver on the steady increases in revenue indicated on
their website. But this is tradable over the term one's planned
investment (always have an exit point, always) and which is also of
course the result of your own due diligence - I offer only my opinion
here. As always investors should do their own research My
opinion is bullish short medium and long term here and is summed up
below in my sketch of the basis for my decision.
American Petro-Hunter is producing and developing (increasing their production) oil and gas
properties. They recently announced a very successful well on their
Rooney Project. Which indicates a field with at least 500,000 barrels
of oil - and its the good stuff - 44 - it gets the highest price - oh
and another thing, there is very little water meaning almost all of the
barrel is oil.
This #24-1 well is a high value well because of its rate of flow (200 BOE), quality of oil (44) and lack of water. Plus, and perhaps more important, is that they are planning more drilling on this reservoir and have the potential to upgrade the reservoir to 5,000,000 barrels of oil, all in my humble and perhaps blue-sky opinion.
Ultimately I believe this has much higher upside than downside potential at this point at the .58 - 63 range so investors and traders should either already have this one in their account or have it high on their watch lists.
You should have a look at the company's chart. This company has very good potential to return healthy profits for investors and traders.
AAPH is the trading symbol for American Petro-Hunter
http://www.americanpetrohunterinc.com/
Trade well and prosper
American Petro-Hunter Updates Preparations for Oil Production at Rooney Project -- Company Adds Additional Acreage to Holdings
2010-01-04 09:00 ET - News ReleaseSCOTTSDALE, AZ -- (MARKET WIRE) -- 01/04/10
Surface facilities will be complete following this week's delivery of the 600 barrel tank battery thereby ensuring the well will go on pump January 9th at an anticipated rate of 200 barrels per day. The pump-jack, electrical supply and all onsite oil and gas lines have been installed. The natural gas line requires a 3/8th mile tie-in to a nearby commercial pipeline and is slated to be completed shortly.
The Company is also pleased to report that an additional 3 sections of land totaling 1,920 acres have been leased increasing the current Rooney Project land position to over 7,000 acres. With plans to drill 10 wells in the upcoming year at the rate of one new well every month, the added acreage could result in the identification and development of further well locations subject to additional seismic research.
As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy.
About the Rooney Project:
The Rooney Project is located in southwestern Ford County, Kansas 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H is anticipated to begin production at rates over 200 barrels per day. After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated well and oil pool is currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could enable the Company to add 8 additional wells to its portfolio by the end of the third quarter of 2010. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. Please visit www.americanpetrohunter.com to view background information on the project as well as recent photos of drilling operations in Kansas.
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 plans to have the Rooney project in production shortly. 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
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.
ON BEHALF OF THE BOARDTo find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com
American Petro-Hunter, Inc.
- - - - - - - - - - - - - - - - - -
Robert McIntosh
President & C.E.O.
continues to be accumulated... Next drill spud date is January 27th for this oil field...
once market is past the present softening this one will roar - IMHO
AAPH.OB? It's not moving today. What's all the fuss about it? I'm clueless.
pushing at .70 again today -- spud date for 1st (of 10) step-out well soon - I hear Feb 4th
analyst report has target on company of 3.07
get it here: http://bit.ly/9wDIuW
American Petro-Hunter is just now being discovered. As you can see from teh historical chart, some people have bought in at very low prices. It looks like it trades between .60 - .70 I'd be careful with bids.
this Rooney Project will drive this stock -- with every update the company looks stronger and growth inevitable...
excerpt:
"The well has undergone a regimen of natural gas flow testing that resulted in a rate of 130 MMCF per day. This would be the anticipated production rate following the imminent tie-in to the pipeline.
The pipeline construction is nearing completion and was subject to a short delay in obtaining a permit to bore under the US 60 State Highway. The Company has been advised that the requisite permit is due shortly and it is anticipated that the gas will be tied into the pipeline in approximately 7 days.
The Company further wishes to report that the results of a gas analysis shows a BTU value of 1,527 and is of excellent quality containing various condensates of value. A contract has been executed with the local buyer and pipeline operator and all factors are now in place to commence commercial gas production shortly. NGPL-Midcont prices yesterday were quoted at $5.35 per MCF."
full text here:
http://www.americanpetrohunterinc.com/news/news.aspx?nrnum=331
I smell a come back... AAPH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The Company has 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. www.americanpetrohunter.com
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