American Resources of Delaware, Inc. Announces Drilling Results.VERSAILLES, Ky.--(BUSINESS WIRE)--August 3, 1998--American Resources of Delaware, Inc. (the "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GASS GASS Greenland Air Surveillance System GASS Gas Analyzing Sensor System GASS Guidance Accuracy Study for SPRINT GASS Google AdSense Stats Syndrome GASS Generic Application Simulation System (Boeing Rotocraft) ) announces that it has participated in drilling a successful exploratory well on West Cameron Block 172. The Company acquired this Block from TECO (Text Editor and COrrector) A text editor written in 1963 by Dan Murphy at MIT for editing paper tape on a Digital PDP-1 computer (it was originally called "Tape Editor and Corrector"). Oil & Gas, Inc. ("TECO") in March of this year. The West Cameron Block 172 discovery well, which has been completed and temporarily suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. pending development, encountered gas pay in multiple sands. A development well designed to also test a deeper objective in the same fault block is now underway. Design and construction of a platform and facilities for development of this discovery are in progress with initial production anticipated by early 1999. Additional prospective fault blocks are identified, and two additional wells may be drilled by year-end. The Company's working interest in this discovery well is 28.72%. President and C.E.O. Rick Avare commented, "We are truly excited about the West Cameron 172 discovery well which is yet another important step toward maximizing the potential of the properties recently acquired by our Gulf Coast subsidiary, American Resources Offshore. We are confident that our active exploration and development of this strategic acquisition will continue to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. our primary goals of increasing reserves, production and cash flow." American Resources of Delaware, Inc. is an independent producer of oil and gas. The Company owns pipelines and production located primarily in the Gulf Coast Region. For information, contact the Company's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 606/873-5455, or visit our website at www.arisgc.com.
CONTACT: American Resources of Delaware, Versailles
Investor Relations Dept., 606/873-5455
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