LOS ANGELES, May 23, 2011 (GLOBE NEWSWIRE) -- EquityNet Research, an independent West Coast equity research firm based in Los Angeles, announced today that it has initiated research coverage on American Petro-Hunter, Inc. (OTCBB:AAPH).
A full copy of the report and disclosure requirements are available at EquityNet Research's website: www.equitynet.net.
American Petro-Hunter, Inc. is an emerging junior oil exploration and production (E&P) company that is actively seeking to capitalize on burgeoning demand and high oil prices by strategically acquiring and consolidating the operations of various properties (where possible), based on estimated reserves, ease of extraction and location.
Randy Lewis, CFA, Founder and Senior Analyst with EquityNet who is covering the Company, stated, "It is obvious that demand is and will remain very strong for oil into the foreseeable future and the market itself is huge. Valuations for most natural resource stocks have remained relatively strong and prices for the most part on the rise. Of course, oil prices have also skyrocketed this year. The late 2010 and early 2011 predictions of $80 a barrel this year have been blown out of the water, hitting nearly $127 a barrel at one point.
"Furthermore, it seems apparent that management enjoys strong relationships with various consultants, engineers and service providers in the regions in which it operates. We feel this could be a significant competitive advantage over similarly-sized peers."
About EquityNet Research
EquityNet Research was formed to provide the investing public with professional, independent, objective research on under-followed public companies. It does this by preparing detailed reports that highlight the key aspects of each company and its industry. EquityNet strictly maintains independence and objectivity according to the Standards of Professional Conduct of the CFA Institute (CFAI), and though is compensated for performing due diligence and creating reports, thus keeping its research free to the public, does not have extraneous relationships with its followed-companies nor has any present or future pecuniary benefit other than that disclosed for each company on its website. EquityNet was compensated $12,500 by Cosworth Communications Limited (Hong Kong) for the preparation of the AAPH report. EquityNet is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any specific securities.
The EquityNet Research logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7585
CONTACT: EquityNet Research Randy Lewis, CFA, MBA, Senior Analyst rlewis@equitynet.net 818.783.5006
