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
