CHEYENNE, Wyo., Dec. 8, 2005 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to provide the following update on its Kerr 1-H operation located in Shelby County, Texas.
Regular reports from CG Operating confirm that by Wednesday, December 7, 2005, drilling had successfully reached the depth of 3154' and had begun drilling through the curve in the turn. They are now over 70% of the way through the curve in the turn which is expected to be completed sometime today. The hole will be subsequently conditioned and a 7" casing run bottom in preparation of drilling the lateral.
"We are extremely pleased with the smoothness of the operation thus far, and are currently running about one day behind schedule. We will continue updating our shareholders as events unfold," said Aziz Hirji, President and Chairman of Amelot Holdings, Inc.
These updates and timelines can also be found at: http://www.amelotholdings.com/project/timelines.htm
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
The Amelot Holdings, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2149
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.