American Petro-Hunter, Inc. Acquires Brazos River Prospect, Texas.Business Editors LOS ANGELES--(BUSINESS WIRE)--Nov. 14, 2001 American Petro-Hunter, Inc. (AAPH AAPH Amidinopropane Hydrochloride AAPH American Association of Professional Hypnotherapists AAPH ASEAN Association for Planning and Housing AAPH American Association for Partial Hospitalization AAPH Asian-Americans in Public Health ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AAPH), is pleased to announce it has acquired the Brazos River Brazos River River, central Texas, U.S. Formed in eastern New Mexico, it flows southeast 1,280 mi (2,060 km) into the Gulf of Mexico. The city of Waco is one of the largest on the river. Near its mouth it connects with the Gulf Intracoastal Waterway. Prospect, Texaco No.1A, located in Fisher and Kent Counties Texas. The consideration paid by AAPH to Exor Oil Company Inc., Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , is 665,000 common (144) shares of AAPH with a deemed value of $300,000. AAPH has acquired a 100% working interest (75% NRI NRI Nomura Research Institute (Tokyo, Japan) NRI Non-Resident Indian NRI Natural Resources Institute NRI National Resources Inventory NRI Networked Readiness Index NRI Natural Resources Inventory NRI National Research Institute ), Texaco Inc. retains an 18.75% ORRI ORRI Overriding Royalty Interest ORRI Orthorectified Radar Image ORRI Orlando Regional Rehabilitation Institute (Orlando, FL) and 6.25% ORRI is retained by geologists. The first prospect to be drilled on the Brazos River acreage will be the Petro Hunter Texaco Fisher No.1A in section 35, Texas Pacific Survey, Fisher County, Texas Fisher County is a county located in the U.S. state of Texas. In 2000, its population was 4,344. It is named for Samuel R. Fisher, a signer of the Texas Declaration of Independence and a Secretary of the Navy of the Republic of Texas. . The Petro Hunter Texaco Fisher No.1A will be drilled through the Noodle Creek Zone at 2,000 feet through the Canyon Creek Zone at 6,000 feet to the Ellenburger Formation at 6,800 to 7,200 feet. Hydrocarbons in place per successful well location are estimated to be 280,000 barrels of oil and 250,000 MCF of natural gas from the Canyon Reef and 220,000 barrels of oil and 250,000 MCF of natural gas from the Ellenburger. If successful, there are 15 possible offsets which could contain 8 million barrels of oil with 7.2 billion cubic feet of natural gas. The prospect could have a value of $228,800,000 according to estimated reserve studies. For further information, maps, engineering reports or reserve studies refer to AAPH's website at www.petrohunter.com. or call Patrick McGowan, President & C.E.O. toll free at (800) 545-7214. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by American Petro Hunter Inc.) contains statements that are forward looking, such a statements related to the future anticipated direction of the oil & gas industry, plans for future expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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