The oil industry is doing well across the board, other than the large spill in the Gulf of Mexico, of course. A good example of that is American Petro-Hunter (AAPH), who has been climbing steadily in stock prices over the last month. Their prices have risen a little above 40% since the beginning of April, but this stock has seen some very notable jumps in price since early 2009.

AAPH has recently hit price highs not seen for almost a decade. This could be a good time for them to make their move back up to their former glory, with oil prices creeping higher and higher every month.

AAPH's North Oklahoma Project is beginning to kick into high gear, giving good reason for share prices to become boosted. They are expecting an excess of 350 barrels per day from their well No. 1. This project has higher potential than just that, with a possible 8 more wells being drilled on 40 acre spacing in the area. They expect production of high gravity light oil to begin mid-June. Keep this date in mind when deciding when to purchase shares of AAPH, since prices may jump high once news of their production is confirmed.

Insider trading may have been some indication to American Petro-Hunter success, this past February. A total of 250,000 shares were bought by some of the executives in AAPH. The most prominent purchaser was the CEO of AAPH, Robert Mcintosh, who purchased a full 200,000 shares, shortly before share prices jumped to the highest they've been since before 2002.

The prices of AAPH really began to take off shortly after the resignation of one of their past presidents, Gregory Leigh Lyons, in April of 2009. Price very quickly jumped over ten times and stabilized not far lower than the peak.

With oil prices rising and production beginning soon for AAPH, this seems like a very good time for them. With an expected 3 million potential barrels of oil from only their Rooney oil Project in Ford County Kansas, AAPH is in for some good returns in the coming years.

For more on their Rooney oil Project, refer to the video below.