Things are looking good for AAPH. They just announced their preliminary findings for the initial drill stem tests at the #24-1 Double H Oil Well on the Rooney Project, Kansas.
A 12 foot pay zone was encountered that produced excellent quality 44 degree oil in the tubing up to the surface from 5,400 feet of depth with fluid test results returning 99% oil cut. A review was completed of the 3D seismic data in conjunction with the electronic logs, and it showed the potential barrels of oil associated to the #24-1 Double H well and oil pool is currently estimated at 500,000 barrels. American Petro-Hunter, Inc. anticipates having the #24-1 Double H well in production by January 1st 2010 at an Initial Production Rate (I.P.R.) of 200 Barrels Per Day.
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About American Petro-Hunter, Inc.
American Petro-Hunter 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
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