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AM Oil Resources & Technology Inc.
AM Oil Resources & Technology Inc., Formerly Known as Aventerra Exploration, Inc., Announces the Acquisition of Patented Oil Recovery Technology
January 9th, 2009
AM Oil Resources & Technology Inc. (OTCBB: AXPI) announced that the Company has acquired two patents from AM Oil Resources & Technology Inc., a California corporation (“AM Oil”). The Company’s newly acquired patents are US Patent # 5979549 and # 6129148 and cover a method and apparatus for viscosity reduction of clogging hydrocarbons in oil wells. According to Anthony K. Miller, CEO, “We are excited about our new technology and the promise it can hold for the Company and for independent and major oil producers throughout the world. We believe this technology could provide a solution to help the United States reduce its dependence on foreign oil. Our proven, patent...
Source: Health Business Week (2009-01-09)
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