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Home > Company Index > Energy > Oil & Gas Exploration & Production > American Resources Offshore, Inc.

American Resources Offshore, Inc.
OTC: GASS
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 PROFILE
American Resources Offshore (ARO) has American gas and oil resources offshore in the Gulf of Mexico. The company conducts exploration, development, and production activities on 32 offshore leases; it has proved reserves of more than 182,000 barrels of oil and 3.4 billion cu. ft. of natural gas. A debt restructuring in late 1999 has left ARO little more than a shell of its former self. ARO has become a 77%-owned subsidiary of Blue Dolphin Energy, which provides management and administrative services. Contractors perform other services for ARO, which also sold an 80% stake in its Gulf of Mexico assets to MDU Resources Group. ARO owns an average 5.5% working interest in its leases in the Gulf.

 COMPETITION
El Paso Corporation (EPG)
Newfield Exploration Company (NFX)
Royal Dutch/Shell Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5.20
1-Yr. Sales Growth: (76.8)%
Employees: 1
Revenue per employee: $5,200,000.00

 KEY PEOPLE
• Ivar Siem
    CEO
• G. Brian Lloyd
    CFO

 CONTACT INFO
801 Travis St., Suite 2100
Houston, TX 77002
US
Phone: 713-227-7660
Fax: 713-227-7626

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