American Petro-Hunter also reported that drilling preparations are underway for a spud date of June 5 at the nearby No 2 well location. Following drilling, plans include immediate completion and fracture stimulation of the well in order to place it on production in a timely manner. Site facilities are fully constructed and in readiness for commercial shipments.

Additionally, based on a review of available project engineering data combined with favorable early results, the company has increased its acreage position at the North Oklahoma Project, which is located in a historic oil and gas regional district of the state.

The company said that the augmented leasehold increases its commitment and participation in the play, which originally offered the possibility for a multi-well program of up to eight additional wells on 40 acre spacing.

With the increased acreage, an additional seven well locations have been prioritized creating a full field development scenario of 15 potential wells where the company anticipates producing high gravity light oil above 3,800ft.

Separately, the company also reported that the Double H #2 well in Kansas reached a depth of 5,460ft and encountered oil shows in several formations down-hole including the targeted Morrow sand and Mississippian.