American Petro-Hunter, Inc. ("American Petro-Hunter" or the "Company") today is pleased to announce that the Company has received approval and drilling permit from the Kansas Corporation Commission for the drilling of the Conner 28H # 1 ("Conner 1"). This is the Company's first well planned in the development of its Kansas Mississippi-Osage project, a 15,000 acre Mississippi Lime land package located in Rice and Reno Counties, Kansas.
The approved drilling permit was received by the Company's wholly owned subsidiary and operator of the project, APH Operating Inc. The Conner 1 well location is in Rice County, near Lyons, Kansas and is planned to have a total vertical depth of 3,300 feet, with 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. If the acreage is fully developed on 640 acre spacing, the play has the potential to allow drilling of a minimum of 23 wells.
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.