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American Resources of Delaware, Inc. announces sharp increase in production rates of its Gulf of Mexico oil and gas properties.

VERSAILLES, Ky.--(BUSINESS WIRE)--Nov. 25, 1996--American Resources of Delaware, Inc. (the "Company") today announced that all of the wells located on South Timbalier 148 which the Company acquired from Century Offshore Management Corporation in July of this year have been successfully completed.

Newfield Exploration is the operator of the field and is also a joint working interest owner of the wells.

Due to the addition of this production, the Company's current net rate of production from all of its Gulf properties has increased to 1,090 barrels ("BBLS") of oil and 7,735 thousand cubic feet ("MCF") of gas per day, compared with an average of 444 BBLS of oil and 469 MCF of gas per day for the first nine months of 1996.

Rick Avare, the Company's President and CEO, commented: "We have made significant progress toward our goal of developing production and reserves in the Gulf of Mexico. The Company's proved reserves are now equally divided between the Gulf Coast and Appalachian regions." -0-

Current rate of production 1,090 7,735
Average Production January-September, 1996 444 469
Average Production May-December, 1995 414 214
Average Production 1994 0 0

CONTACT: American Resources of Delaware, Inc., Versailles

Investor Relations, 606/873-5455
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Publication:Business Wire
Date:Nov 25, 1996
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