American Petro-Hunter Ships 1,990 Barrels Of Oil In July And Updates Brinkman Drilling Progress
Scottsdale, AZ--(Marketwire) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to report that oil production shipped from its Kansas-based Poston Project to regional purchaser N.C.R.A. for the month of July totaled 1,990 barrels of oil. This is the first full month of production for the #1 Lutters Well at Poston. Shipments to the oil purchaser are ongoing with transfers occurring approximately every three days.
American Petro-Hunter has received its Net Revenue Interest portion of monthly revenues from the well and is in receipt of the first revenue check from N.C.R.A. for June production.
In other news from field operations, drilling at the #1 Lee 18AB well at the Brinkman Prospect in Clark County, Kansas has passed the 4,500 foot depth and has 1,000 feet remaining to drill. The total depth (T.D.) of 5,400 feet is anticipated to be reached shortly. Exact timing is dependent upon drilling conditions and hydrocarbons encountered. The Company will report any significant results as soon as data and further detailed information is provided by the operator.
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.
SOURCE: American Petro-Hunter, Inc.