Replies to post #481 on American Resource Technologies (fka ARUR)

[papaocean]

Welcome wimce---In order to help/satisfy your request, the best action for me to enable you to get the best and accurate infomation is to read this prior post and follow it up with a call to John(CEO)...Don't be shy, he's a great guy and will give it to you straight: Hope this helps! papaocean

GCHR___896 N. Mill St.
Suite 203
Lewisville, TX 75057
USA

Phone: [phone]
Fax: [phone]

Posted by: Creede Bighorns
In reply to: Walker who wrote msg# 240 Date:2/15/2006 12:29:54 PM
Post #of 482

Alright, just spoke to John Stafford again. After thanking him for keeping his word (very rare at these prices. lol), we talked for about 20 minutes...here are the key points:

* They are working right now on the audited financials. They will be finished and released soon.

* They are working right now on the next 10-Q. He said that the next 10-Q will show that we should already be valued at .10 or above on assets alone. He said this 10-Q will be out next month.

* Said that they are meeting with the website development team tomorrow. Discussed locking in domain name, and putting up "under construction" until complete. Asked me to call back first of next week for more info.

* Said that they are working with some investment bankers to secure bank financing. This financing would be to hasten the addition of new wells (amongst other things).

* Said that they have identified a lease with very large holdings. They are trying to acquire this lease at this time. This is the "rumor" that's floating around. He confirmed they were trying to close on this lease, but did not want to divulge any more info, because he does not want to drive the price of the lease up.

* 144's still for sale. The $5000.00 blocks will still be sold at .025. These blocks can be broken into segments if perhaps several investors want to split it up(I am considering doing this...we could break it 5 ways @ 1000.00 a piece). Anyone buying 15,000 or more will an equal amount of 13 month options for .05.

At this time I asked about this part of the PR:

The Company also began the review of legal and title issues relative to beginning the gas repressurization project on the Ownbey lease. We expect to be able to implement this project as soon as our due diligence process is completed.

I wanted to make sure there weren't any legal issues that we do not know about. He said that it's just part of the process and that actually the "Favorible Title Opinion" has already been acquired. This means that it's a done deal. I would imagine the next PR will include this info(don't get mad at me for ruining the surprise. lol). Anyway, we have NO LEGAL PROBLEMS.

Also, he said that the good thing about GCHR's wells is that they are "shallow and low cost". He said that the wells drilled on the Barnett Shale cost 800,000 a piece. He said that for 800K they could bring the rest of the wells online( including the new wells) and still have 200k left over.

So, that's the scoop from managements side. They seem to be good to their word thus far. I think the climb to .10 looks pretty easy. We have PR's, website, audits, 10-q's all coming soon. Sounds good to me.









GodBless-NoDoubt
cris