Penny Stock News: American Petro-Hunter Announces New Oil Well NOS122 to Go Into Immediate …

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SCOTTSDALE, AZ–(Marketwire – May 2, 2011) – American Petro-Hunter, Inc. (OTCBB: AAPH) (“American Petro-Hunter” or the “Company”) is very pleased to announce the latest producing oil well in an ongoing series of wells at the North Oklahoma Yale Prospect. The well has been designated as NOS122 and has been swab tested and deemed ready for immediate commercial production.

The NOS122 is a re-entry project where the well bore and casing was opened and then cleaned, with tests resulting in high gravity oil swabbed at a final rate of 5 barrels per hour or the equivalent of 120 barrels per day at 2,700 feet. The testing showed 100% oil cut with no water from 6 feet of sand within the Skinner Formation.

The Skinner is an historic “over producer” of oil. An analog well to the north produced an I.P.R. (Initial Production Rate) of 700 barrels per day and cumulatively produced 80,000 barrels from a 3 foot sand thickness. The NOS122 shows a 6 foot interval and the Company has hopes that rates will exceed the 120 BPOD test rate.

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