SOURCE: American Resource Technologies, Inc.

July 01, 2008 12:12 ET

American Resource Technologies, Inc. Announces Initial Production on Ownbey #9 and #10

LEWISVILLE, TX--(Marketwire - July 1, 2008) - American Resource Technologies, Inc. (PINKSHEETS: ARUR) reports the operator has notified them that they have put the Ownbey #9 & #10 wells on production. Initial aggregate production from the wells has averaged 10 to 12 barrels of oil per day. The Company is extremely encouraged by the results to date. The Ownbey lease is located in Chautauqua County, Kansas and is part of the Company's ongoing project in the Ownbey-Troyer area.

About American Resource Technologies, Inc.

The company is based in Lewisville, Texas. Additional information about the Company is available at www.arur.us

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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 Information

  • Contact:
    M. H. McIlvain
    972 219-8585