SOURCE: Americas Energy Company

April 15, 2010 19:23 ET

Americas Energy Company Begins Mining Operations on Artemus

KNOXVILLE, TN--(Marketwire - April 15, 2010) -  Americas Energy Company-AECo (OTCBB: AENY) announced today that Coal Mining Operations will start today. AENY has contracted with Black Diamond Energy, Inc. to begin surface mine and auger operations.

"The Artemus Permit was the Crown Jewel of the Evans Coal acquisition. This permit gives AENY access to more than 695 acres of Permitted Coal property. The Artemus Property production will initially be approximately 20,000 tons per month by the end of May 2010. The experience that Rob Gregory, a third generation miner, and Black Diamond Energy, Inc. bring to our project will maximize our coal production on the first Artemus permit area," said Chris Headrick, President and CEO of Americas Energy Company. Mr. Headrick added, "The Artemus Permit includes five surface permit areas and three deep mine permits."

About Americas Energy Company

We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo develops energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.

AENY is currently producing the 3 Hance Seams on Upland Church, The Rooster Seams on Hwy 92, and will begin producing the Jellico Seam on the Artemus property. The Artemus property will also begin producing the very desirable Kentucky Blue Gem, a specialty coal used in the production of silicon and ferrosilicon metals. We will also be producing the Jellico and Lily Seams, both are similar in chemical characteristics to the Kentucky Blue Gem.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements" as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties that may arise, the failure to obtain necessary approvals, the future market price of AENY common stock and the ability to obtain the necessary financing. Such factors are detailed from time to time in AENY's filings with the United States Securities and Exchange Commission and other regulatory authorities.

Contact Information

  • Company Headquarters
    Contact: Christopher Headrick
    249 N. Peters Rd.
    Suite 300
    Knoxville, TN 37923
    Phone: (865) 238-0668 x 105
    Web Site: www.americasenergycompany.com
    Email: Email Contact

    Black Diamond Energy, Inc.
    Contact: Rob Gregory
    1014 N. 12th St.
    Suite 2
    Middlesboro, KY 40965
    Phone: (865) 318-2629