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Special Shareholder Update
September 27, 2011
Dear Shareholders,
As I’m sure you are aware from our recent postings, we have been in a battle with the SEC over our filing status. As is customary for our federal government in their infinite wisdom, they will strain a gnat while swallowing a camel. The SEC suspended ARUR trading status on May 11, 2011 without due process or proper notice. We filed the necessary responses to their actions in a timely manner and the suspension was officially lifted but the investigation for revocation continued. After numerous written communications with the SEC and two telephone conference hearings with an administrative law judge, the SEC decided it was in the best interest of the shareholders to revoke ARUR’s trading status rather than allow us to continue to function as a public company while we work toward getting our filings up to date and thus return to current status. An initial order for revocation was issued by the Administrative Law judge on September 08, 2011. The final order for revocation will be issued and trading status will be revoked on September 29, 2011. I have extreme difficulty in understanding how it can possibly be in the best interest of the shareholders to severely diminish the capacity of a company to generate revenue and conduct operations. The current depressed state of world economic affairs has reduced funding opportunities to a minimum under the best of conditions. These additional burdens that have been placed on the corporation by the government have only served to increase that difficulty.
However, it is not in our nature to tuck our tail and run or to back down from a fight when the cause is just. And we certainly have no intention of changing that now. At the end of 2007, when the shareholders and directors placed their trust in me by electing me Chief Executive Officer and President, I accepted your challenge to do everything humanly possible to make American Resource Technologies, Inc. a viable and profitable company. Since that time, the other officers and I have worked work diligently without a salary toward achieving that goal. With the financial support of a small group of shareholders and private investors, we had made significant progress. We started with our largest lease tracts in Kansas and began preparations for an aggressive drilling program. Prior to initiating operations, we had to completely overhaul the production system for the lease. To access the property and the locations we had to first build over one and one-half miles of improved road on the lease. We had to upgrade the electrical supply and power grid and convert it from a 240 volt to a 480 volt system. This required new transformers, circuit boxes and disconnects and over two miles of direct bury electrical cable. We buried approximately four miles of new polypipe flows to accommodate oil and saltwater. After the completion of this overhaul, we were able to initiate a drilling program on the acreage. By participating in numerous joint ventures, we were able to drill and complete 10 commercially productive oil wells on this lease acreage. These wells are equipped and capable of producing oil in commercial quantities at this time. A disposal well failure in April of this year mandated the wells be shut-in until a new saltwater disposal facility could be obtained. We are currently attempting to arrange for funding for this new disposal facility.
In the third quarter of 2008, we began consulting with several foreign entities to establish on-shore energy projects in South America. We are in the final stage of obtaining all the necessary authorities and permissions to begin construction and operations. We jointly participated with a group of software architects to design and develop a new software for the interpretation of surface gamma ray data. Gamma ray surveys are an integral part of site selection for drilling programs. This new software has exponentially increased the accuracy of analyzing the data collected as well as improving the manner in which data is collected. The primary focus and incentive for these efforts and projects is to increase share value and profitability of the company. This focus remains the same.
The road will be a rough one and the obstacles are many in our attempt to achieve reinstatement. Until we are able to file all the required financials and be approved for reinstatement by the SEC, we will not be able to trade our shares on the open market. However, that does not prohibit us from continuing our efforts with the aforementioned projects. We will simply be operating as a private company until such time as we are reinstated. In the best interest of our shareholders and investors, we will continue to work on our filings and to pursue every current and future opportunity with the same zealous and fervor as in the past.
On behalf of the officers and directors, I want to thank each and every shareholder and investor for their faith and support. Without your support, our efforts would have been unsustainable. While this is a major stumbling block to our success, it is not insurmountable. With continued hard work and diligence and your continued support, we will overcome this obstacle and obtain profitability. WE must stay the course. We shall not be deterred.
Sincerely,
B. Fred Oden III
President/CEO
ARUR symbol revoked and permanent trading halt
http://www.sec.gov/litigation/aljdec/2011/id429rgm.pdf
that really sucks
I know they are trying to be fully reporting. Hopefully they will get it done in time.
Sept 11 2011 is the drop dead date for ARUR to become fully reporting or the suspension becomes permanent. I am hearing the y will be in compliance by then.
Spoke to some folks over at ARUR about a month ago, they are working hard to get themselves fully reporting. Hopefully, it will be ready to go soon!
Still not reporting financials? BAD MOVE
so VLCO was under .006. they filed their financials and are now fully reporting. the stock is up over 100% in half of 1 day. my point? get your act together and file the financials. the only thing holding this company back is that they are not reporting
maybe just taking a lil longer? dunno.
What ever happened to the company being fully reporting by the end of the year?
The following from the company website http://www.arur.us/fyi.html
On the financial front, we have contracted with a CPA firm and and auditing firm to get our financials audited and submitted to the SEC. As of their last report to me, the 2008 financials are under the final review by the auditors and should be filed next week. The CPA firm is diligently working on 2009 and we anticipate it will be filed by the end of this month. They will begin on the 2010 financials as soon as possible. We anticipate being currently with our filings prior to year?s end. I know this will be a relief for many who are faithfully following our progress. Rest assured, it is a priority for us as well.
-from October 8 2010
10q out today for period December 2008. Looks like they may be trying to bring them current. Highlights are below:
From management blog 10-08-10
It is very difficult to continue to update our website with the latest information. Things are progressing so rapidly there is little time to sit and write. We are spending substantial time in Brazil consulting with our Brazilian affiliates during the final stages of their project funding. We have several companies interested in establishing operations in Brazil. The project funding should be concluded this month and we will expedite the authorization for these companies into Brazil. We anticipate a very productive final quarter for 2010.
On the financial front, we have contracted with a CPA firm and and auditing firm to get our financials audited and submitted to the SEC. As of their last report to me, the 2008 financials are under the final review by the auditors and should be filed next week. The CPA firm is diligently working on 2009 and we anticipate it will be filed by the end of this month. They will begin on the 2010 financials as soon as possible. We anticipate being currently with our filings prior to year?s end. I know this will be a relief for many who are faithfully following our progress. Rest assured, it is a priority for us as well.
On the domestic oil front, we have completed a total rework of the saltwater disposal system on our Ownbey Lease in Kansas. It has been costly and time consuming, but since it was put on line last week, our daily production has more than doubled and it slowly continuing to increase. The capacity of this new system will allow us to continue to place more of our wells in to production and sustain a more consistent production platform. We are negotiating with several companies in Texas and Oklahoma to acquire their producing properties and operating permits for each state. This will increase our daily production substantially and enable us to take advantage of expanding our lease inventory to Texas and Oklahoma. This expansion will include acreage in areas of proven production from the Eagleford Shale, the Austin Chalk, and the Gunsight sand in Texas and the Woodford Shale and the Tonkawa in Oklahoma.
Last but certainly not least, we have signed an agreement with the directors of ?The Gift For Life Corporation? to acquire 100 percent of their outstanding common stock. This will make the corporation a wholly-owned subsidiary of ARUR. This company and its founder are established in the area of extending and improving the quality of life for animals through a daily regiment of dietary supplements. They are currently being sold in Whole Foods Market and several pet supply stores as well as online. Their website is www.thegiftforlife.com. I encourage you to go to their website and learn of the amazing success of this company?s products. We are excited to have them as part of our family.
As always, we continue to work diligently to provide the best services possible for our shareholders. Until next time, God Speed and God Bless.
http://arur.us/fyi.html
Lack of news and developments is likely drawing this down. Doing some DD and will post anything I find. Looking for undervalued opportunities so any info is appreciated.
WOW! Last week at 19 cents, now at .07 of this post. I am glad I waited to buy in or I would have gotten KILLED! I am going to wait a bit longer.
On the financial front, Mr. Oden reports corporate financials are being reviewed by a third party accounting firm in preparation for auditing. He went on to say, "We have started the review process of our internal 10-Q’s and 10-K’s for the 2008 and 2009 Fiscal years and the 10-Q’s for the 2010 Fiscal year. We anticipate this process will be complete in approximately sixty (60) days. Each Q and K will be filed in accordance with SEC requirements as completed. Our intention is to prepare and file all required documents and be current with all SEC financial filing requirements as soon as possible. During the completion of this process, we will continue to post our most current financials on our website."
thats obvious, im saying has there been communication from the company over why or when they expect?
as soon as the financials are filed. is my understanding
Do they plan on updating that stop sign on pinksheets.com
Glad I waited to buy, that .19 was high! I bet we can pull under .10 for a bit to allow good accumulation.
Last print at .195. looking better. need some bid support
American Resource Technologies, Inc. Starts Its Multi-Well Recompletion in Kansas and Signs Long Term Consulting Contracts in South America
great news out here is the link:
http://finance.yahoo.com/news/American-Resource-bw-3250065754.html?x=0&.v=1
A new interview with CEO, Fred Oden, has been posted on the Princeton Research website. The interview was on the Bill Chippas radio show and the date of the post is June 22nd. Here is the link http://www.princetonresearch.com/radio.htm.
Looks like something is brewing here. Lack of selling is a great sign
puppman ..r u still hanging out in here?
Only news I see so far is from June 9. maybe we will hear when they get some production out of those wells.
Here's this year's Big Lie:
http://finance.yahoo.com/news/American-Resource-and-bw-1703892464.html?x=0&.v=1
ARUR Announces New Strategic Relationship
On Wednesday June 17, 2009, 11:32 am EDT
Buzz up! Print.DALLAS, June 17 /PRNewswire-FirstCall/ -- American Resource Technologies, Inc. (Pink Sheets: ARUR - News) Directors met in April and authorized a partnership with a private company that has strong commercial and economic interests in Brazil. The private company, Ameribras Energy - Oklahoma, is the U.S. holding company which owns Ameribras Energy - BR based in Sao Paulo Brazil. Ameribras BR has extensive corporate ties with many major Brazilian based corporations, including but not limited to, such internationally recognized companies as Petrobras, Vale Mining and Energy, Marsh Insurance - Br and the American Chamber of Commerce - Sao Paulo. This acquisition will enable us to take a more active role in Brazil's exploding economy. Brazil is progressing rapidly to becoming a major player in the global economic market. It is internationally recognized for its stable economy and is considered a world leader in ethanol production and export. Brazil is known for having one of the most ecologically friendly environments in the modern world and is becoming a world leader in the fight against Global warming and Greenhouse gases. ARUR is now positioned to increase their participation in the global market for developing renewable energy programs. This acquisition puts us at the forefront of Brazil's development. We will continue to expand our position in Brazil through joint venture participation with other global entities in such areas as coal bed methane production, wind and solar energy and the production and export of ethanol. Be sure to monitor our website for new information involving future developments.
About American Resource Technologies, Inc.
The company is based in Dallas, Texas. Additional information about the Company is available at www.arur.us
Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes," "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.
So is that 100% increase $500 more. Big deal More stock dumping coming by the company that killed its honest shareholders by doing a reverse split after all the insiders dumped. What do ya know The insiders got tons of shares right back after the r/s
ARUR Announces Oil Sales
Aug 13, 2008 1:24:00 PM
View Additional ProfilesLEWISVILLE, TX -- (MARKET WIRE) -- 08/13/08 -- American Resource Technologies, Inc. (PINKSHEETS: ARUR) has been informed by the operator that by putting two new wells on line in July, oil sales increased more than 100% from June. With four new wells being brought to production during this month the Company expects to see this continued growth in its oil sales.
About American Resource Technologies, Inc.
The company is based in Lewisville, Texas. Additional information about the Company is available at www.arur.us
Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes", "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.
Contact:
M. H. McIlvain
972 219-8585
ARUR announces results of well test
American Resource Technologies, Inc. Announces Test Data on the Linn 1-08
Aug 7, 2008 1:36:00 PM
View Additional ProfilesLEWISVILLE, TX -- (MARKET WIRE) -- 08/07/08 -- American Resource Technologies, Inc. (PINKSHEETS: ARUR) has been informed by the operator that the initial swab testing of the Linn 1-08 located in Montgomery County, Kansas has been completed. The result from three fifteen-minute swabs was the recovery of approximately 4 barrels of fluid per hour with an oil cut of approximately 30%. While swab tests do not necessarily result in actual production, this recovery indicates that the well may be able to produce in excess of 100 barrels of fluid per day and if the oil-water ratio remains constant the well could produce in excess 30 barrels of oil per day. The Company is pleased and encouraged by these results.
About American Resource Technologies, Inc.
The company is based in Lewisville, Texas. Additional information about the Company is available at www.arur.us
Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes, "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.
Contact:
M. H. McIlvain
972 219-8585
you follow stocks you don't own and bash them?
How many of these press releases have we seen over the years and they all amount to nada
IMHO
-Peace
we still don't know what's the operator percentage.
I think the important message here is the Linn 2-08 is nearing completion and I am expecting huge production
last quarter report said they have 100% in that lease.
Good question and I have no idea. I can't be bothered to call either as there is so little volume. I was just interested in the sense that 25 bpd sounds honest in the pinks when so many other pinks state they are sitting on Elephants that Exxon missed LOL.
I wonder what's the ARUR percentage interest?
What are your thoughts here rick? I saw the news today and although the numbers aren't big, they are small enough to look honest if you know what I mean.
ARUR announces production data
American Resource Technologies, Inc. Announces Production Data
Jul 21, 2008 2:02:00 PM
View Additional ProfilesLEWISVILLE, TX -- (MARKET WIRE) -- 07/21/08 -- American Resource Technologies, Inc. (PINKSHEETS: ARUR) has been informed by the operator that current production from wells in which ARUR owns a working interest is averaging approximately 25 barrels of oil per day.
The operator also informs ARUR they have reached target depth on the Linn 2-08 located in Montgomery County, Kansas. Drilling samples from five oil zones showed good fluorescence, free oil, and strong odor. Production casing was set and cemented. The operator has forwarded drilling data to its engineers for completion procedure recommendations.
About American Resource Technologies, Inc.
The company is based in Lewisville, Texas. Additional information about the Company is available at www.arur.us
you just keep following a stock you don't own
lol
liitle to much time on your hands
Big deal. Tells us nothing.
ARUR announces drilling update puppman
American Resource Technologies, Inc. Announces Drilling of Linn 1-08
Jul 9, 2008 11:38:00 AM
View Additional ProfilesLEWISVILLE, TX -- (MARKET WIRE) -- 07/09/08 -- American Resource Technologies, Inc. (PINKSHEETS: ARUR) has been informed by the operator that they have reached total depth on the Linn 1-08 located in Montgomery County, Kansas. During drilling they encountered several gas zones with significant pressure and several promising oil zones. The well was drilled to the target Arbuckle formation, and production casing was set and cemented. The operator is currently evaluating the data to determine the best completion techniques and procedures for this well.
About American Resource Technologies, Inc.
The company is based in Lewisville, Texas. Additional information about the Company is available at www.arur.us
when did you get the idea I care about what you think
you still getting paid to promote it. I sure hope as you are not doing a very good job
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American Resource Technologies, Inc.
http://www.arur.us/
American Resource Technologies, Inc. (ARUR.OB) is a Kansas Corporation which specializes in the utilization of modern technologies with known resources to enhance project output. The original focus of the Company was domestic oil and gas properties in S.E. Kansas, but also has international partners. The company currently owns Working Interest or Mineral Lease positions on (4) four leases, consisting of approximately 1,800 acres in the heart of one of the most prolific areas in the USA for methane gas production. The Company has com-pleted a (3) three year, (15) fifteen well drilling program on these leases. The company is cur-rently initiating it’s 2nd (3) three year business plan which includes a thirty (30) well drilling pro-ject, a forty-six (46) well reworking project and an increase in mineral acreage of approximately 20,000 acres in the region.
The leases on which the Company currently has working interests are; the Ownbey, Troyer, Linn, Lindley and O’Brien. Each lease has wells capable of commercial oil/gas production and is in close proximity to a natural gas gathering system with sufficient capacity to transport our natural gas production needs. The total cost for this 3-year business plan is approximately $30,000,000.00, with a fifteen (15) year revenue projection in excess of $459,500.000.00.
In addition to domestic oil and gas production and exploration, the Company has obtained a substantial ownership position in 3 Oklahoma Corporations. One of these corporations, Thor GeoTrak, Inc., has developed new, patent pending surface gamma ray technology for the detection and 4-D interpretation of sub-surface hydrocarbons and uranium deposits. The other two corporations own controlling interests in 2 Limited Liability Company equivalents in the South American country of Brazil. One of these companies specializes in the development of domestic on-shores fossil-based and renewable energy. A second, is a technology based company specializing in wireless electrical power and remote monitoring and internet advancements through fiber-optics with specific focus on the 2014 World Cup and the 2016 Olympics. Another affiliate company of ARUR works to help establish operations by receiving both drilling authorization and approval by the government.
Address:
American Resource Technologies, Inc.
2351 West Northwest Highway, Suite 1203
Dallas, TX 75220 - United States Of America
Phone: 972-219-8585 Fax: 972-214-705-3785
A/S 500 mil
Outstanding: 34,422,112
Outstanding as of: June 17,2010
Transfer Agent:
Routh Stock Transfer, Plano, TX 75093
972.381.2782
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