The Troyer lease is contiguous to the Ownbey lease and possesses the
same geological characteristics. There are seven existing non-producing
wells on the lease, a disposal well and one producing gas well. Our
objective is to begin reworking and equiping these wells to place them
into production as part of the repressurization project on the Ownbey
lease. We are confident we can obtain and sustain production ranging
between 25 - 50 barrels of oil per day. 25 barrels of oil per
day will provide a monthly revenue stream of approximately
$30,000.00. There are 25 locations for new drills on this lease. If we
are able to obtain similar production from the new wells, this lease
could provide monthly revenue in access of $100,000.00.
American
Resource
Technologies,
Inc.