Update on Rooney | AAPH Message Board Posts

American Petro-Hunter, Inc.

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Msg  5 of 7  at  3/15/2010 1:07:58 PM  by


Update on Rooney


American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to update activities regarding the drilling of the newest Rooney Project Well. This will be the third in a series of development wells to be drilled at the newly discovered oil reservoir in Western Kansas. The well has been identified as the #3 Rooney and is the latest in a series of 10 wells planned for drilling in 2010 at the Rooney Project.

The Company is moving quickly towards a spud date and is in the process of acquiring the requisite surface drilling permit from the State in order to immediately begin site preparations and rig mobilization at the well location. The partners plan to move the drilling rig to a location that directly offsets the producing #24-1 Double H well. This location represents the highest probability of success to drill another producer similar to the Double H well and if the new location intersects similar pay and pressures as the Double H, the two-well combination may be capable of producing 400 Barrels per day when stable rates are achieved.

As the drilling success builds, we plan to continue the program by stepping out in a grid pattern to maximize the oil production potential and maintain reservoir integrity.

American Petro-Hunter remains fully committed to drill at least one well per month in order to develop the newly discovered reservoir at Rooney. Results from 3 hydrocarbon bearing zones encountered in the Shelor test well are currently being analyzed and compared to the suite of electronic well logs which indicate the reservoir trends towards the newly chosen drilling location.

The Company is also pleased to report an ongoing data review of several high quality production projects in Kansas and Oklahoma. The projects are currently producing in the 100-150 BOE range with ample development drilling locations. We are confident that with the developing oil production position at Rooney and Poston combined with a strategic acquisition, the net result could have American Petro-Hunter easily reaching its goal of 500 BOE by June and 1000 BOE by the end of 2010.

About the Rooney Project:
The Rooney Project is located in southwestern Ford County, Kansas 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H commenced commercial production in January. The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels and the Company feels the potential for the newly discovered reservoir is 3,000,000 barrels of oil. The Company and partners have developed a minimum of 10 target locations to drill that could add 10 additional wells to our portfolio by the end of the fourth quarter of 2010 at a planned drilling schedule of one new well per month. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. The purchaser of the oil production at Rooney is N.C.R.A. of McPherson, Kansas.

About American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company 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 at the Rooney Project in Ford County, Kansas. Rooney is a new discovery for the Company that has the potential to drill 10 oil wells in 2010 and may contain 3 million barrels of oil. 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. 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, 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.


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6 Re: Update on Rooney OILFNDR 0 3/15/2010 3:15:20 PM

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