American Petro-Hunter (AAPH) 8-K Regulation FD Disclosure

AAPH: Unaudited Estimated Financial Statements

	ESTIMATED PROFORMA INCOME STATEMENT 2010 - 2014
Year	2010		2011		2012		2013		2014
Months	Jul-Dec (est.)		Total (est.)		Total (est.)		Total (est.)		Total (est.)
Prod'n Volume :BOE/Day (net of depletion)
Prod'n Volume :Total Barrels  (net of depletion)		7,507		122,526		149,169		144,251		139,333
Net Production Volume BOE / Day		41		336		409		395		382
Oil Revenues:  (net of depletion)
Gross  Revenue		525,465		8,468,756		11,187,642		11,540,074		11,843,328
Less : Prduction Costs / COGS		60,053		998,103		1,267,933		1,262,196		1,253,999
Gross Margin		465,411		7,470,653		9,919,710		10,277,878		10,589,329
Less : General & Administrative		240,000		600,000		720,000		840,000		960,000
Net Production Revenue / EBITDA		225,411		6,870,653		9,199,710		9,437,878		9,629,329
Cumulative Net Prod'n Revenue / EBITDA		225,411		7,096,064		16,295,774		25,733,652		35,362,981
Deduct: interest charges		26,466		194,466		210,000		210,000		210,000
Deduct: Depreciation Allowance		22,055		162,055		175,000		175,000		175,000
Earnings Before Taxes (EBT)		176,891		6,514,132		8,814,710		9,052,878		9,244,329
Deduct: Income Taxes		53,067		1,954,240		2,644,413		2,715,863		2,773,299
Net Revenue		123,824		4,559,893		6,170,297		6,337,015		6,471,030
Capital Costs:
Total Capital Costs		700,000		1,050,000		-		-		-
Cumulative Capital Costs		700,000		1,750,000		1,750,000		1,750,000		1,750,000
EARNINGS PER SHARE: 27,060,561 shs o/s	$	0.00458	$	0.17	$	0.23	$	0.23	$	0.24
Expected Price on 7 X EPS	$	0.03	$	1.18	$	1.60	$	1.64	$	1.67

							ESTIMATED PROFORMA BALANCE SHEET 2010 - 2014
	As at			As at			As at			As at		As at		As at
	31-Dec-09			31-Dec-10			31-Dec-11			31-Dec-12		31-Dec-13		31-Dec-14
	(Audited)			(est. Proforma)			(est. Proforma)			(est. Proforma)		(est. Proforma)		(est. Proforma)
Assets:
Current
Cash and cash equivalents		58,334			99,143			6,890,263			13,941,267		20,524,732		24,748,076
Total Current Assets		58,334.00			99,143.43			6,890,263.12			13,941,267.29		20,524,732.47		24,748,075.95
Long Term Assets
Investments in Mineral Properties		708,434			1,408,434			2,458,434			2,458,434		2,458,434		2,458,434
Accumulated Depletion					22,055			184,110			359,110		534,110		709,110
Net Investment in Mineral Properties		708,434.00			1,386,379.21			2,274,324.41			2,099,324.41		1,924,324.41		1,749,324.41
Oil Reserves:
Kansas:     Poston                 (20,000 bbls net @ $70 per bbl)					1,400,000			1,400,000			1,400,000		1,400,000		1,400,000
Oklahoma: Meyers                (41,600 bbls net @ $70 per bbl)					2,912,000			2,912,000			2,912,000		2,912,000		2,912,000
Oklahoma: NoJ26                  (142,000 bbls net @ $70 per bbl)					9,940,000			9,940,000			9,940,000		9,940,000		9,940,000
Oklahoma: NoH24 1,2 &3        (273,745 bbls net @ $70 per bb * 3 Wellsl)								57,486,450			57,486,450		57,486,450		57,486,450
Less: Annual and Cumulative Depletion of Reserves					525,465			8,994,220.62			20,181,863		31,721,936.60		43,565,265
Net Oil Reserves		-			13,726,535.48			62,744,229.38			51,556,587.01		40,016,513.41		28,173,185.03
Total Long Term Assets		708,434.00			15,112,914.69			65,018,553.79			53,655,911.42		41,940,837.82		29,922,509.44
Total Current and Long Term Assets	$	766,768		$	15,212,058		$	71,908,817		$	67,597,179	$	62,465,570	$	54,670,585
Liabilities:
Current
Accounts payable and accrued liabilities		184,602			26,466			194,466			210,000		210,000		210,000
Income Taxes Payable					53,067			1,954,240			2,644,413		2,715,863		2,773,299
Total Current Liabilities		184,602			79,533			2,148,705			2,854,413		2,925,863		2,983,299
Long Term Liabilities: Notes Payable		730,122			1,430,122			2,480,122			2,480,122		2,480,122		-
Total Current and Long Term Liabilities:		914,724			1,509,655			4,628,827			5,334,535		5,405,985		2,983,299
Stockholder's Equity /  (Deficit)
Oil Reserves		-			13,726,535			62,744,229			51,556,587		40,016,513		28,173,185
Owner's Equity -  Common Stock & Contributed Capital		5,136,216			5,136,216			5,136,216			5,136,216		5,136,216		5,136,216
Accumulated comprehensive gain (loss)		(5,284,172	)		(5,160,348	)		(600,456	)		5,569,841		11,906,855		18,377,886
Total Stockholders Equity / (Deficit)		(147,956	)		13,702,403			67,279,990			62,262,644		57,059,585		51,687,287
Total Liabilities and Stockholder's Equity / (Deficit)	$	766,768		$	15,212,058		$	71,908,817		$	67,597,179	$	62,465,570	$	54,670,585

						ESTIMATED PROFORMA ASSUMPTIONS 2010 - 2014
Year	2010			2010		2010		2011		2011		2011		2011		2011		2012		2012		2012		2012		2012		2013		2013		2013		2013		2013		2014		2014		2014		2014		2014
Months	Jul-Aug- Sep (est.)			Oct-Nov- Dec (est.)		Total (est.)		Jan-Feb- Mar (est.)		Apr-May- Jun (est.)		Jul-Aug- Sep (est.)		Oct-Nov- Dec (est.)		Total (est.)		Jan -Feb-  Mar (est.)		Apr -May-  Jun (est.)		Jul -Aug-  Sep (est.)		Oct - Nov- Dec (est.)		Total (est.)		Jan -Feb-  Mar (est.)		Apr -May-  Jun (est.)		Jul -Aug-  Sep (est.)		Oct - Nov- Dec (est.)		Total (est.)		Jan -Feb-  Mar (est.)		Apr -May-  Jun (est.)		Jul -Aug-  Sep (est.)		Oct - Nov- Dec (est.)		Total (est.)
Prod'n Volume :BOE/Day (net of depletion)
Prod'n Volume :Total Barrels  (net of depletion)		1,098			6,409		7,507		18,197		25,108		38,838		38,838		122,526		36,781		37,190		37,599		37,599		149,169		35,569		35,964		36,359		36,359		144,251		34,356		34,738		35,120		35,120		139,333
Net Production Volume BOE / Day		12			70		41		202		276		422		422		336		409		409		409		409		409		395		395		395		395		395		382		382		382		382		382
Oil Revenues:  (net of depletion)
Gross  Revenue		76,836			448,629		525,465		1,273,822		1,757,590		2,718,672		2,718,672		8,468,756		2,758,597		2,789,248		2,819,899		2,819,899		11,187,642		2,845,498		2,877,114		2,908,731		2,908,731		11,540,074		2,920,273		2,952,720		2,985,168		2,985,168		11,843,328
Less : Production Costs / COGS		8,781			51,272		60,053		150,129.05		207,145		320,415		320,415		998,103		312,640.97		316,115		319,589		319,589		1,267,933		311,226.30		314,684		318,142		318,142		1,262,196		309,205.35		312,641		316,077		316,077		1,253,999
Gross Margin		68,054			397,357		465,411		1,123,693		1,550,446		2,398,257		2,398,257		7,470,653		2,445,956		2,473,133		2,500,310		2,500,310		9,919,710		2,534,271		2,562,430		2,590,588		2,590,588		10,277,878		2,611,067		2,640,079		2,669,091		2,669,091		10,589,329
Less : General & Administrative		120,000			120,000		240,000		150,000		150,000		150,000		150,000		600,000		180,000		180,000		180,000		180,000		720,000		210,000		210,000		210,000		210,000		840,000		240,000		240,000		240,000		240,000		960,000
Net Production Revenue / EBITDA		(51,946	)		277,357		225,411		973,693		1,400,446		2,248,257		2,248,257		6,870,653		2,265,956		2,293,133		2,320,310		2,320,310		9,199,710		2,324,271		2,352,430		2,380,588		2,380,588		9,437,878		2,371,067		2,400,079		2,429,091		2,429,091		9,629,329
Cumulative Net Prod'n Revenue / EBITDA		(51,946	)		225,411		225,411		1,199,105		2,599,550		4,847,807		7,096,064		7,096,064		9,362,020		11,655,153		13,975,463		16,295,774		16,295,774		18,620,045		20,972,475		23,353,063		25,733,652		25,733,652		28,104,719		30,504,798		32,933,890		35,362,981		35,362,981
Deduct: interest charges		5,293.15			21,172.60		26,466		36,247		52,356		52,932		52,932		194,466		51,781		52,356		52,932		52,932		210,000		51,781		52,356		52,932		52,932		210,000		51,781		52,356		52,932		52,932		210,000
Deduct: Depreciation Allowance		4,411			17,644		22,055		30,205		43,630		44,110		44,110		162,055		43,151		43,630		44,110		44,110		175,000		43,150.68		43,630		44,110		44,110		175,000		43,150.68		43,630		44,110		44,110		175,000
Earnings Before Taxes (EBT)		(61,650	)		238,541		176,891		907,241		1,304,459		2,151,216		2,151,216		6,514,132		2,171,024		2,197,147		2,223,269		2,223,269		8,814,710		2,229,340		2,256,444		2,283,547		2,283,547		9,052,878		2,276,136		2,304,093		2,332,050		2,332,050		9,244,329
Deduct: Income Taxes		(18,495	)		71,562		53,067		272,172		391,338		645,365		645,365		1,954,240		651,307		659,144		666,981		666,981		2,644,413		668,802		676,933		685,064		685,064		2,715,863		682,841		691,228		699,615		699,615		2,773,299
Net Revenue		(43,155	)		166,978		123,824		635,069		913,122		1,505,851		1,505,851		4,559,893		1,519,717		1,538,003		1,556,288		1,556,288		6,170,297		1,560,538		1,579,510		1,598,483		1,598,483		6,337,015		1,593,295		1,612,865		1,632,435		1,632,435		6,471,030
Capital Costs:
Total Capital Costs		175,000			525,000		700,000		525,000		525,000		-		-		1,050,000		-		-		-		-		-		-		-		-		-		-		-		-		-		-		-
Cumulative Capital Costs		175,000			700,000		700,000		1,225,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000		1,750,000