American Petro-Hunter Announces Permit Application Submission for Mississippi-Osage Horizontal Oil Well in Rice County, Kansas
December 11 2013 - 9:00AM
Marketwired
American Petro-Hunter Announces Permit Application Submission for
Mississippi-Osage Horizontal Oil Well in Rice County, Kansas
WICHITA, KS--(Marketwired - Dec 11, 2013) - American
Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the
"Company") today is pleased to announce that the Company has
submitted a "Notice of Intent to Drill" to the Kansas Corporation
Commission for the Company's first well in the development of its
Kansas Mississippi-Osage project, a 15,000 acre Mississippi Lime
land package located in Rice and Reno Counties, Kansas.
American Petro-Hunter submitted the permit application through
its wholly owned subsidiary, APH Operating Inc. (license number
35007). The well has been designated Conner 28H # 1 and is located
near Lyons, Kansas. The well is planned to have a total vertical
depth of 3,300 feet, and a lateral through the Mississippi-Osage of
3,500 feet. Drilling is expected to commence in Q1 2014.
The Mississippian "Osage" play was kicked off in 2012 by the
drilling of the Unit Corp #1-21H Overall (section 21-25S-10W) which
was drilled to a total depth of 8,115' and was completed in June
2012. Cumulative production for this well during the first five
months has been reported as 30,226 barrels of oil and 20,375
thousand cubic feet (mcf) of natural gas, equating to daily rates
of 201 barrels and 135 mcf). Since the completion of the test
outlined above, there have been 30 horizontal locations filed for
permits. Currently there are 12 producing horizontal wells, 11
undergoing drilling and completion, and an additional 20 wells
permitted in the area. American Petro-Hunter is targeting a
potential of 200 barrels of oil per day at initial production rates
from its development wells for planning purposes.
About American
Petro-Hunter, Inc. (OTCBB: AAPH) American Petro-Hunter is an
exploration and production (E&P) company focused on the
acquisition and horizontal development of the Mississippi Lime and
Woodford oil formations located in Oklahoma and Kansas. The Company
operates from its offices in Wichita, Kansas. 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, scope and
type of consulting services provided by third parties use of
proceeds, future acquisitions, success of projects, growth and
strategic plans. 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.
To find out more about American Petro-Hunter, Inc. (OTCBB:
AAPH), visit our website at www.americanpetrohunter.com
Investor Relations: 1-888-521-7762
investors@americanpetrohunterinc.com