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It looks like there is concern over the lack of completion - investors are waiting for final flow rates, a job unfinished could still go wrong.

News release:
http://www.americanpetrohunterinc.co...aspx?nrnum=329

"The Initial Production Rate (I.P.R.) has reached levels of 240 BPD equivalent (10 barrels per hour) at between a 75% to 98% oil cut. The oil to the tanks is actually being limited due to high gas pressures and gas flow estimated at 150,000 to 200,000 cubic feet per day levels (150-200 MCF per day). The operator is working to contain the gas as soon as a tie-in to a nearby pipeline can be accomplished. The high gas pressures have not dropped sufficiently to allow the free steady flow of oil to the tanks at this time. However, once the gas is contained the Company will achieve a definitive assessment of stable production rates which are indicated currently at over 200 barrels per day."

-- production flowed 20% higher that at initial testing... still too much pressure, hmmm... real daily numbers could still be higher... here come the step out wells... let's see 11 wells X say, 200 BOE per day X $80/Barrel = five million plus - and, even though on that project AAPH has 50% Working Interest, 40.75% NRI

that is still over $2 million every month and that does not include the income from the natural gas

Market depth today shows a strong base being built, general markets are still softening so many investors are on the sidelines - but it looks like nibbling accumulation to me

read the report here - this stock will continue to move up and up over the next few months this will make any investors happy IMHO

see the report here: Grass Roots Research and Distribution, Inc.

this story keeps getting more and more solid - first step-out drill spuds soon
-where oh where are the investors?

read full text here:
American Petro Hunter - News Releases

"
The well has undergone a regimen of natural gas flow testing that resulted in a rate of 130 MMCF per day. This would be the anticipated production rate following the imminent tie-in to the pipeline.

The pipeline construction is nearing completion and was subject to a short delay in obtaining a permit to bore under the US 60 State Highway. The Company has been advised that the requisite permit is due shortly and it is anticipated that the gas will be tied into the pipeline in approximately 7 days.

The Company further wishes to report that the results of a gas analysis shows a BTU value of 1,527 and is of excellent quality containing various condensates of value. A contract has been executed with the local buyer and pipeline operator and all factors are now in place to commence commercial gas production shortly. NGPL-Midcont prices yesterday were quoted at $5.35 per MCF."

News release: American Petro-Hunter Announces Details of New Discovery at Rooney Project, Kansas

excerpt:

"The production of oil at Rooney appears to represent the discovery of a new and unanticipated reservoir. This conclusion is based on data resulting from the test of promising 3D seismic information targeting the Morrow sands in the area.

"During the drilling of the #24-1 Double H well, the Morrow formation was intersected with good oil and gas
shows but little porosity and permeability. A timely decision was made to continue drilling to the Mississippian St. Louis Formation where the strike was subsequently achieved. The Rooney is producing oil and gas from this Mississippian Limestone reservoir and will be the primary focus of all upcoming exploration.

"There appears to be great reserve potential in this limestone reservoir given the aerial extent throughout the acreage. The Company and engineers are now drawing direct analogous comparisons to the Ingalls field, which is another St. Louis Mississippian regional producer."

read whole release: American Petro Hunter - News Releases

AAPH should be trading at $2 a share. why?? heres exactly why

after their oil discovery today and based on being a 1000 barrels of oil a day producer, @ $70 oil (conservative), we are looking at
1000*70*365 = $25,550,000 in revenue from the production of certain wells.
Thats double the mkt cap with a 1 times revenue multiple put on.

News out on AAPH - Estimate 3 million barrels of oil in new reservoir http://www.americanpetrohunterinc.co...aspx?nrnum=335

YouTube - American Petro-Hunter Discovery

still lots of upside from here IMO

good to see others have been posting - AAPH now trading above $1.10 - lots more upside IMO

I have been doing a lot of posting about AAPH on my Facebook AAPH Investor page:
Log In | Facebook

Join me there

I work for an oil and gas equity research fund. We look at a lot of
small cap companies like AAPH. We generally dont put price targets on
any companies without significant reserves but after the press release
yesterday re: the Rooney project we've started our analysis.

We havent released any results, but we're looking at a 12 month price
tgt between $2.85 - $3.45

We still need more info re: potential revenues to be more precise

AAPH is undervalued and currently trades at $25 million dollar mkt cap.I think its fair to value this company at $2 a share. and heres why

after their oil discovery today and based on being a 1000 barrels ofoil a day producer, @ $70 oil (conservative), we are looking at
1000*70*365 = $25,550,000 in revenue from the production of certain wells.

Thats double the mkt cap with a 1 times revenue multiple put on.

- let's see what happens twards end-of-day - will investors want to be out over the weekend knowing that the they have reached total depth by today (see news release: American Petro Hunter - News Releases)

this will be interesting

AAPH an attractive entry poin at these prices IMO