Welcome to Ames Oil Corporation of Texas' web page. This web page was created to ultimately provide an updated status on all ongoing projects which are, in some cases, being worked on simultaneously. We hope to provide web cameras during the drilling phases and conference calls when necessary to discuss drilling locations and additional drilling opportunities with geological advisers of participants or the participants themselves. As we do not offer our projects through licensed broker dealers firms, we do not charge BD commissions or BD management fees.
That said, this is not a solicitation of securities and we will not handle unsophisticated individuals or corporations. Our projects are restricted to:
Our projects are not wildcat related, but rather conservative and geological data is confirmed by 3D seismic prior to drilling. It is our belief that drilling without seismic is taking unnecessary risk and that the cost of seismic is justified in the increased accuracy resulting from the use of 3D Seismic.
The Richeson Project -- An independent geologist has identified a fault running through our Richeson Lease Block and we are on the up-thrown side of the fault, which is 113 feet higher than the down-thrown side. We are expecting 160-200 barrels a day from the first test as an IP (initial production).