AUSTIN, Texas, July 1, 2009 (GLOBE NEWSWIRE) -- North American Energy Resources, Inc. (OTCBB:NAEY) announced today that the company has launched its new and improved corporate website. The company's site has been given a fresh, new look while maintaining the user-friendliness that users have previously experienced and enjoyed. If you would like to visit the web site, please go to www.naeyinc.com.
"The shift from traditional communication to the internet has made it easier for people to research companies. As a result of that shift, we have worked to improve our online image while providing important updates. We are pleased to offer our shareholders and potential investors an easy way to get the information they need about our company," stated Ross Silvey, CEO and President of North American Energy Resources, Inc.
North American Energy Resources, Inc. recently reported that, in its initial recompletion of a well in Washington County, Oklahoma, its initial production was at a rate of 24 barrels of oil per day. However, the company fully expects production to fall and begin producing at a sustainable rate of 3-5 BOPD which is in line with the other wells on the Steeler Lease.
About North American Energy Resources, Inc.
North American Energy Resources, Inc. ("NAEN") has recently acquired interest in four wells that were completed in Mulky Coal using conventional techniques. The wells were drilled, logged, pipe set and cemented. The wells were also stimulated with acid and fractured. Surface equipment was installed, meter runs set, and the wells were tied into the Washington Gathering System (WGS). North American Energy Resources, Inc. also has a working interest in two producing wells operated by an affiliate. The wells have been producing for several months, and the combined natural gas production is 145mcf per day.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.