American Petro-Hunter (AAPH) Enters Completion Phase of NOM-3H Well

QualityStocks would like to highlight American Petro-Hunter (OTCBB: AAPH), a goal-oriented exploration and production (E&P) company aiming to become an intermediate level oil and gas producer within 12 months, through exploration and acquisition. The company believes that continued industry growth through the development and exploration of conventional domestic oil and gas reserves will provide the essential near-term stabilizing backbone and primary driver towards an American made economic recovery.

In the company’s news yesterday, American Petro-Hunter announced that it has concluded drilling operations at its third horizontal well in North Oklahoma and that the company has initiated the final steps necessary to commence commercial oil and gas production.

The company reports that the NOM-3H drilled a total of 1,988 feet in the horizontal well segment, penetrating into the more than 100-foot thick Mississippi pay zone and demonstrating “excellent oil & gas shows” across the entire length of the lateral portion of the well, including extensive fractured zones, which the company says are critical in the Mississippi Lime in order to ensure commercial quantities of oil and gas.

American Petro-Hunter is completing production infrastructure with pump equipment, tank facilities, and a gas feed to pipeline hookup currently under construction. It has contracted a frack crew, which will commence operations following the installation of a permanent electrical service.

The NOM-3H well is slated for commercial production by the end of February, generating eight producing wells by the middle of the first quarter. This will be the first well in the program to undertake a completion procedure using a submersible pump immediately after the well is fracked.

American Petro-Hunter said that a similar completion technique on a neighboring well resulted in immediate outstanding production for both oil and gas.

American Petro-Hunter currently owns an interest in approximately 6,000 acres in the area, one of the “hottest horizontal oil plays in the continental United States.”

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