latest update on ARUR website
11-01-07
Since the completion of the drilling phase of the Lindley 1-07, we have been concentrating on data analysis and completion of previous drilling projects. We have scheduled a completion rig for the Ownbey #9 & #10 for 11-6-2007. We have ordered the casing and production strings for three Lindley reworks to be delivered next week. The new road on the Lindley lease is under construction and should be completed some time next week. This will make access and egress much easier. We had to move equipment with a dozer last week while we were drilling. That was costly and time consuming. As most of you know, we contract the operations on these leases and enjoin with other entities on drilling and rework projects for a carried Working Interest. Currently our portion of production is approximately 140 barrels of oil per month. At current field prices, this equates to approximately $12,656.00 per month to American Resource Technologies, Inc. (ARUR). The latest information on our first Lindley wells indicates it could easily double the amount of our production. If so, this will increase our monthly revenues above $25,000.00. We are excited about our new well and anxious to further develop the lease.
