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Business Summary: AMOR
AM Oil Resources & Technology, Inc. focuses on using, selling, and producing its patent and patent pending technologies, as well as on providing apparatus designed to enhance oil production in oil fields in the United States and international markets. It also focuses on offering solutions with technology that would recover crude oil. The company, formerly known as Aventerra Exploration, Inc., was founded in 2007 and is headquartered in Valencia, California. Article: More on AMOR AM Oil Resources & Technology, Inc. With their advanced technology AMOR can recover crude oil that would otherwise remain in the ground forever. AMOR's technology is a self-contained steam generator system. AMOR CEO Anthony K. Miller explained, "Our technology is market ready and we are rapidly moving to construct the first of many units we intend to sell and utilize this year. The technology, which works by reducing the viscosity of the oil, allowing it to be produced more efficiently, and by providing pressure needed to drive oil through ground formations to the well shaft, is designed to enhance the current production of existing oil wells making them more profitable." AMOR's systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure. Billions of barrels of oil have been produced using this method over the last 45 years! AMOR intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009! Each Portable Steam Systems is capable of producing from $2-$6 million in annual revenues. There are many non-producing wells in the U.S. that have known reserves. AMOR, using their steam injection technology, can make these wells profitable! AMOR CEO Anthony K. Miller stated, "Our initial target market is the more than 400,000 marginal wells in the U.S. alone." Miller has also stated, "The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology." According to the U.S. Department of Energy, one out of every six barrels of crude oil produced in the United States, representing more than 915,000 barrels of oil per day, comes from a marginal well. AMOR has finished pre-engineering and will immediately start construction of 3 (three) 10 (ten) Million B.T.U. portable steam systems. The units, targeted for California's oil fields, should be producing revenue for AMOR by the end of the first quarter or the beginning of the second quarter. California has produced over 9 billion barrels of oil since steaming has been employed and 77 billion barrels of crude oil is still waiting to be produced by technology and innovation. AMOR's technology could really help minimize U.S. dependence on foreign oil! It's obvious that we need companies like AMOR considering that the U.S. uses up about 1/4 of the world oil production! AMOR won't stop with just the U.S. though. AMOR's patent and patent pending technologies are designed to maximize oil production in oil fields, in both domestic and international markets. AMOR's fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells" as well as high viscosity, low gravity oil. Check out this CNN article that explains how stripper wells can reduce our dependency on foreign oil: http://www.cnn.com/2008/US/09/17/stripper.wells/index.html Although steam injections in the oil industry is not new, AMOR's units provide portability and a low cost of operation which gives them an advantage in this sector. AMOR has acquired the exclusive marketing rights to their technology and is pursuing worldwide application for the use of Portable Steam Generators in enhanced oil recovery efforts. According to the Department of Energy, world energy consumption is projected to increase by 58 percent over the next 22 years. There will be a great demand for oil to create this energy. AMOR is ideally positioned to ride the tide of rising global demand for oil by providing an environmentally safe and cost-effective method of maximizing oil production from existing wells. More information on AMOR is available at their website: www.am-oil.com Make sure you always do your own research. |
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