American Resource Technologies, Inc. to Re-Work Wells Oct 10, 2007 10:00:00 AM LEWISVILLE, TX -- (MARKET WIRE) -- 10/10/07 -- American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) announces they have been informed by its operator they intend to begin re-working operations on one existing well on the Lindley lease in Montgomery County, Kansas, and 3 existing wells on the Ownbey lease located in Chautauqua County, Kansas. The operator expects to begin these operations later this week. This activity reflects the Company's commitment to increase its oil and gas reserves by increased drilling activity, enhancement of existing wells, and lease acquisition.
Since beginning drilling operations, approximately a year ago, the Company has drilled nine successful oil wells and re-worked four wells all located in Kansas. Currently, the Company has fourteen producing wells.
About American Resource Technologies, Inc.
The Company is based in Lewisville, Texas. Additional information about the Company is available at www.americanresourcetechnologies.com
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.
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