Wednesday, June 01, 2011
American Petro-Hunter Inc.
American Petro-Hunter updated the progress of drilling activities currently underway at the NOM1H horizontal well located at the Company's North Oklahoma Project.
The well is making good progress and should reach its engineered lateral depth within the next few days. The operator has informed the Company that during the drilling of the horizontal section excellent oil and gas shows were encountered. The Company is very pleased to report it has been advised of strong oil fluorescence; gassy oil shows and gas kicks which are regarded as very positive developments.
Subsequently, the Company wishes to advise that the probability for the well to be completed as a commercial oil and gas producer is considered high. Once the well reaches the target distance of the lateral leg, the well bore will be immediately swab tested and further evaluated.
The NOM1H well is the first of a planned series of horizontal wells designed to test and develop oil and gas in the 100 foot thick limestone Mississippi Formation.
Company President Robert McIntosh stated, "We are extremely encouraged by the excellent oil and gas shows from our first horizontal well and couldn't be more pleased by the efforts of our operator and their engineering team as the initial information from them is beyond our expectations. As the well approaches completion, we are certain the partners will expedite the final tests and evaluation in anticipation of our inaugural horizontal well production."
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