AM Oil Resources & Technology Acquires Build Biodiesel Technology to Create Energy Diversity

AM Oil Resources & Technology Inc. (OTCBB:AMOR stocknews), announced today that it has just completed design drawings to build a mobile bio-diesel device. The Company’s design is a mobile biodiesel production plant, capable of producing 2,000 to 3,000 gallons of biodiesel per week. The designed plant fits into a standard truck-trailer with dimensions 8 feet wide by 45 feet long by 9.5 feet tall.

Biodiesel is the name of a clean burning alternative fuel, produced from domestic, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in diesel engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Biodiesel is made through a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil. The process leaves behind two products -- methyl esters (the chemical name for biodiesel) and glycerin (a valuable byproduct usually sold to be used in soaps and other products). Biodiesel is better for the environment because it is made from renewable resources and has lower emissions compared to petroleum diesel. It is less toxic than table salt and biodegrades as fast as sugar. Since it is made in the USA from renewable resources such as soybeans and recycled vegetable oil, its use decreases our dependence on foreign oil and contributes to our own economy.

According to Anthony K. Miller, CEO, “The mobile biodiesel plant is to be self sufficient, adaptable to different grades of waste vegetable oil (WVO), environmentally friendly, and economical. Our initial goal is to produce fuel that can be used to operate our patent steam generators, oil field equipment and/or our vehicles. Biodiesel is typically blended with diesel for usage and any surplus we produce can be sold for a profit. We can sell the glycerin as a profit center as well.” Miller added, “Management and our consultants have extensive experience in this field, with involvement in one of the first stationary plants built in California. We are extremely excited by the promise this can hold for our Company.” Biodiesel is fuel considered as GREEN and a focus of the current democratic administration as noted by the following Links: http://domesticfuel.com/2008/12/15/obama-picks-please-biodiesel-board/; http://domesticfuel.com/2009/01/16/biodiesel-leads-asas-priorities-to-obama/; http://www.eia.doe.gov/oiaf/analysispaper/biodiesel/.

AM Oil Resources & Technology Inc. (OTCBB:AMOR) announced today that it has created a new company brochure to provide the public and its current shareholders with additional detailed information related to the Company and the oil and gas market where it conducts business.

According to Anthony K. Miller, CEO, “Our brochure can be found on the home page of the Company’s website at www.am-oil.com. We recognize the potential application of our technologies in the oil and gas industry is significant. Our patent and patent pending technologies are designed to enhance profitability of oil and gas wells worldwide. The brochure profiles the need for our technology and how optimum recovery is achieved. Our objective is to provide the public with a broader understanding of our goals. For those individuals who would like to continue to receive information on the Company and its progress there is a clickable 'contact us' button located on our site for additional information. We will make every effort to provide additional information to every inquirer,” further commented Miller.

AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today it 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 the Company by the end of the first quarter or the beginning of the second quarter. Each of the Company’s MTO-06 portable steam systems is capable of producing from $2 - $6 million in annual revenues for the Company. AM Oil Resources & Technology expects to construct between 10 and 20 units in 2009.

According to Anthony K. Miller, CEO, “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. Since we launched our website at www.am-oil.com we have been receiving consistent interest both domestically and internationally, which reinforces that we are on the right track.”

“Our initial target market is the more than 400,000 marginal wells in the U.S. alone. 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. We believe that our technology can provide a solution to independent oil producers as well as larger producers,” continued Miller.

CNN Article and Video on Stripper Wells available at http://us.cnn.com/2008/US/09/17/stripper.wells/index.html?iref=24hours

Article from Stripperwells.com:

In the United States of America, one out of every six barrels of crude oil produced comes from a marginal oil well, and over 78 percent of the total number of U.S. oil wells are now classified as such. There are over 400,000 of these wells in the United States, and together they produce nearly 900 thousand barrels of oil per day, 15 percent of U.S. production.

AM Oil Resources & Technology Inc. (OTCBB:AMOR), today announced that the Officers and Directors have begun to chart a new course for the Company. Since inception, the prior company was involved in the mining business with properties held for exploration in the state of Nevada. On November 25, 2008, the Company acquired patented oil and gas recovery technologies and management has decided to actively begin building and marketing the technologies for worldwide sales and utilization.

According to Anthony K. Miller, CEO, “We believe that this is the best direction for the Company as the newly acquired technologies hold promise to help the U.S. and other oil producing countries to increase the flow and recovery of oil from existing wells. Our patented technology helps producers recover crude oil that would otherwise remain in the ground forever.”

The Company has also appointed Michael Freeberg and Greg Brown as new directors of the Company.

“We are extremely pleased to appoint Michael Freeberg and Greg Brown to the Board of directors of the Company. These gentlemen bring valuable experiences to the Company and will be instrumental in molding our future. We believe that it is very important to add people who see the vision of this Company clearly and are driven to take AM Oil Resources & Technology in the direction that will add significant value to our shareholders,” commented Mr. Miller.

AM Oil Resources & Technology Inc. (OTCBB:AXPI) announced today it 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 oilfields, should be producing revenue for the Company by the end of the first quarter or the beginning of the second quarter. Each of the Company’s MT-06 portable steam systems is capable of producing from $2 to $6 million in annual revenues for the Company. AM Oil Resources & Technology expects to construct between 10 and 20 units in 2009.

According to Anthony K. Miller, CEO, “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.”

“While steam injections in the oil industry are not new, our patented technology provides portability and a low cost of operation not previously available in the industry,” continued Mr. Miller. “For example, Chevron (NYSE:CVX) has used steam injections successfully for decades to greatly boost production in heavy-oil fields in California and Indonesia. According to a recent Reuters article, in its San Joaquin Valley fields in California, Chevron was able to boost oil recovery rates to about 50% using steam injection. The Chevron technique is to inject steam into a field through one well, soaking the oil-rich rock. As the steam heats the thick oil, its consistency thins to that of watery syrup. The oil is then pumped to the surface through another well.”

“Our initial target market is the more than 390,000 marginal wells in the U.S. alone,” furthered Miller. 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.

AM Oil Resources & Technology Inc. Announces New Direction for the Company and Appoints New Directors