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BUSINESS ANALYSIS DECADAL
: American Resources Offshore is an integrated oil & gas company engaged in the exploration, development, acquisition, and production of oil and gas properties offshore Louisiana and offshore Texas and in southeastern Kentucky. For the 3 months ended 3/00, revenues fell 90% to$925K. Net income applicable to Common totalled $114K vs. a loss of $1.6M. Results reflect decreased oil and gas production, offset by a decrease in depreciation expense.