AM Oil Resources & Technology, Inc. (AMOR.OB)

Posted: Fri Feb 27, 2009 11:25 am

AM Oil Resources & Technology Inc. is focused on becoming the premier provider of environmentally friendly thermal extraction technologies for the oil field in both domestic and international markets. The company’s fully patented technology has been proven to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells.”

The average daily production of the 480,000+ stripper wells existing in the U.S. today is less than 2.1 barrels. Once the production of these wells falls below a profitable level, operators can either shut-in the wells, abandon the wells and cease production, or continue to produce at a loss. However, according to the U.S. Department of Energy, stripper wells have yielded, on average, only 20% of the total amount of oil in the reserve. Unless a secondary oil recovery method is used, the remaining 80% stays in the ground unusable forever.

Through the utilization of the Company’s innovative recovery technologies, it is possible to recover over 50% of the oil remaining at increased production efficiencies. The management team believes that applying the company’s proprietary technologies to marginal wells, with known reserves, will earn a profitable niche in the U.S. petroleum industry. AM Oil is ideally positioned to profit from rising global demand for oil by providing an environmentally safe and cost-effective method of maximizing oil production from existing wells.

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

The benefit that this approach provides is that it makes the most of what we already have. It takes a huge investment in time and money to explore, test drill, and bring on line productive energy sources. This bypasses all of that.

Posted: Wed Mar 04, 2009 10:13 am

Keith Johnson Appointed as AM Oil Resources & Technology, Inc.’s (AMOR.OB) New CEO

AM Oil Resources & Technology Inc. announced yesterday that it has chosen Keith Alan Johnson to be its new President and CEO. Mr. Johnson has more than three decades experience in the energy sector, including more than 20 years with Southern California Gas Company (now known as Sempra Energy Utilities) where his primary responsibilities were transmission and marketing management.

Mr. Johnson began his management career with the natural gas transmission network, working on high pressure natural gas pipelines and the distribution systems that feed commercial and residential customers. Mr. Johnson also has hands-on experience with the management and installation of co-generation plants and the transportation of produced products. Additionally, Mr. Johnson served as the Executive Vice President of Marketing for Green Aero Energy where he developed marketing strategies to bring new, state-of-the-art wind technology into the marketplace.

Through his experience, Mr. Johnson has acquired management skills that promote better and more efficient ways to utilize and produce energy serving in domestic and international markets. His extensive background and oil and gas contacts is anticipated to prove to be a valuable asset to AM Oil Resources & Technology Inc.

Posted: Wed Mar 04, 2009 3:15 pm

Squeezing The Orange

In marketing, an existing customer is considered far more valuable than a new prospect. That’s because it costs a lot of money to get a new customer, while an existing customer is already there, a proven commodity, someone with money who likes your product enough to have actually purchased it before. Businesses depend upon their existing customer base for most of their revenue, and spend a lot of money cultivating that base.

An increasing number of people now believe that the same approach should be applied to oil production. Instead of spending billions of dollars trying to uncover new sources of oil, they propose spending a fraction of that money on new technologies to better extract the oil that has already been found. Some have characterized it as simply squeezing more juice from the same orange. This isn’t a minor thing. In some cases, over 75% of the discovered oil ends up remaining in the ground, even decades after pumping has begun.

The issue is especially significant when it comes to “stripper wells”, little wells that may produce only a few barrels of oil a day. They’re small individual producers, but there are hundreds of thousands of them located all over the country, generating nearly 15% of the nation’s domestic oil production. These scattered little wells don’t have the large scale equipment and technologies necessary for the most efficient extraction, yet they still represent a major oil resource. So, armed with a variety of new technologies, a few companies have begun to tackle the problem of improving the efficiency and productivity of these existing wells.

One of the brightest stars on the horizon is a California company called Am Oil Resources & Technology, Inc., (AMOR.OB), which has exclusive rights to several new low-cost portable thermal extraction technologies for recovering crude oil that would otherwise remain in the ground. They’re just getting started, but are already targeting some 480,000 domestic wells, with the potential for many more international wells.

Other companies have also focused more on general cost effectiveness and productivity:

Raytheon Co.’s (NYSE:RTN) technology relies on microwaves to generate underground heat and melt a waxy substance in the shale called kerogen so it can be converted into oil. Oil shale reserves are scattered across U.S. in Colorado, Utah and southwest Wyoming, an area estimated to contain as much as 1.8 trillion barrels of oil trapped in shale. This technology can also be used for extracting oil from tar sands in Canada, and for extracting heavy oils.

Three of the world’s largest oil companies, ChevronTexaco (NYSE:CVX), Total (NYSE:TOT) and Schlumberger (NYSE:SLB), have also showed their interest by forming a joint initiative for research and development of thermal simulation technology to improve recovery efficiencies in heavy oil reservoirs. ChevronTexaco and Total’s expertise in the research and deployment of reservoir simulation and heavy oil production technology, coupled with Schlumberger expertise in development of industry-leading commercial simulation technology, will likely lead to increased efficiency when developing and producing in heavy oil regions.

In the end, even a minor increase in productivity of small wells could result in millions of barrels of oil each year, and all from wells that we have already discovered within our borders.

Posted: Thu Mar 05, 2009 9:39 am

AM Oil Resources & Technology Inc. (AMOR.OB) Sets its Sights on the Bakersfield Oil Industry

AM Oil Resources & Technology Inc. announced yesterday after the closing bell that the company has targeted the Bakersfield, California oil industry as its initial target market. Surrounded by the prolific Kern River County oilfields, Bakersfield is an oil, mining, and agricultural center at the southern end of the San Joaquin Valley in South central California. Kern County is home to 18 giant oil fields that have produced more than 100 million barrels of oil each, including four “super giants” that have each produced over 1 billion barrels of oil. According to the San Joaquin Geological Society, approximately 31,000 oil wells have been drilled in the county and 10% of U.S. production comes from this region.

“The Bakersfield area and Kern County in general is an important target market for our patented Portable Steam Generators,” commented Keith A. Johnson, CEO of AM Oil Resources & Technology. “We are actively working on two different fronts in this area: strategic business alliances and joint venture opportunities with existing producers who could significantly increase production by utilizing our technology; and, acquisitions where we can employ our technology on Company owned properties thereby increasing our asset base and significantly improving gross margins.”

We believe that we can accomplish this in the short term and we are excited about our progress thus far,” further commented Mr. Johnson. “We are by no means limiting ourselves to the Bakersfield area; there are other areas in the southern states in particular that are extremely attractive, as well as, strong international possibilities. California is our initial target.”

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

This is an example of another of the company's strengths . . . the fact that it has such a wide potential market it can target, just in the U.S.!

Posted: Mon Mar 09, 2009 12:16 pm

AM Oil Resources & Technology Inc.’s (AMOR.OB) Innovative Oil Recovery Technology and Market Position Earn a Speculative Buy Rating

AM Oil Resources & Technology Inc. (AMOR.OB) shares surged 7.69 percent to 28 cents in today’s mid-morning trading, moving on last week’s analyst rating by Beacon Equity Research. Beacon analyst Victor Sula recently gave the company a Speculative Buy rating, with a 63-cent target price, highlighting the company’s Portable Steam Generator System, Portable Thermo-Gas Repressurizing System and its Deep Steam Generator technologies.

AMOR’s licensed technologies equip the company with a competitive edge as it emerges as an innovator in oil production from low-producing oil wells. According to the recent Beacon report, after 30 to 40 years of pumping, up to 80 percent of oil in a formation still remains in the ground. That’s where AMOR’s technologies take the lead.

The company’s steam and gas injection technologies have the ability to recover about 50 percent of the remaining oil from previously pumped wells. There are more than 400,000 “stripper wells” scattered across the United States. From 1994 to 2003, about 142,000 oil wells were abandoned, though many have untapped reserves, given the right means for extraction.

AMOR has developed a strategy to produce and sell its portable systems, capitalizing on the recovery of untapped crude oil from those abandoned marginal wells. The company has already received its patent and rights to market its Portable Steam Generator, and its Portable Thermo-Gas Repressurizing System and Deep Steam Generator technologies are patent-pending. AMOR intends to market these products through joint-venture opportunities.

Posted: Tue Mar 10, 2009 10:52 am

AM Oil Resources & Technology, Inc. (AMOR.OB) Announces Launch of Q&A Section

Today before the opening bell, AM Oil Resources & Technology announced that it has added a section to its website where the investor community can get quick answers to frequently asked questions. All answers will be compliant with Regulation FD and won’t contain any information not disclosed in the company’s SEC filings.

CEO Keith A. Johnson stated, “Due to a heightened market presence of AM Oil, we have seen a significant increase in investor calls and decided to compile the questions and provide the public with online responses. Our goal is to provide an understanding of the benefits of our technology and the details of our revenue model. We encourage investor interaction and feedback, and will be updating the new section on a regular basis.”