UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                For the quarterly period ended DECEMBER 31, 2007

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934


                         Commission file number 0-12809


                      AMERICAN RESOURCE TECHNOLOGIES, INC.
                      ------------------------------------
                     (Formerly Golden Chief Resources, Inc.)
        (Exact name of small business issuer as specified in its charter)

               State of Kansas                             48-0846635
               ---------------                             ----------
      (State or other jurisdiction of                    (IRS Employer
      incorporation or organization)                     I. D. Number)

             896 N. Mill Street, Suite 203, Lewisville, Texas 75057
                    (Address of principal executive offices)

                                 (972) 219-8585
                (Issuer's telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.     Yes [X] No [ ]

Indicate by check mark whether the registrant           Yes [ ] No [X]
is a shell company (as defined in Rule 12b-2
of the Exchange Act).


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

           There were 12,229,846 shares of common stock, No Par Value,
                      outstanding as of December 31, 2007.

Transitional Small Business Disclosure Format (check one); Yes [ ] No [X]

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PART 1. FINANCIAL INFORMATION
Item 1. Financial Statements


                              American Resource Technologies, Inc.
                                         Balance Sheets
                                           (Unaudited)

                                                                   December 31     September 30
                                                                       2007            2007
A S S E T S
-----------

Current assets:
             Cash                                                  $     17,774    $     25,280
             Accounts receivable                                           --             2,117
             Advances to related parties                                 70,801          64,225
                                                                   ------------    ------------
             Total current assets                                        88,575          91,622

Property & equipment
             Producing oil & gas properties, net of depletion           237,853         243,310
             Furniture & fixtures, net of depreciation                   19,500          20,250
                                                                   ------------    ------------
                                                                        257,353         263,560
Other assets
             Montgomery pipeline                                         34,789          34,789
                                                                   ------------    ------------
                 Total                                                   34,789          34,789

             Total assets                                          $    380,717    $    389,971
                                                                   ============    ============

L I A B I L I T I E S  and  S T O C K H O L D E R S'  E Q U I T Y
-----------------------------------------------------------------

Current liabilities
             Accounts payable                                            50,393          50,157
                                                                   ------------    ------------
             Total current liabilities                                   50,393          50,157

Long-term liabilities
             Long-term notes payable                                     60,000          50,000
                                                                   ------------    ------------
             Total long-term liabilities                                 60,000          50,000

Stockholders' equity
             Common stock, no par value
             authorized 500,000,000 shares; 12,229,846
             and 10,492,985 issued and outstanding, respectively
             Additional paid-in capital                               5,753,410       5,648,640
             Accumulated deficit                                     (5,483,086)     (5,358,826)
                                                                   ------------    ------------


             Total stockholders' equity                                 270,324         289,814
                                                                   ------------    ------------

             Total liabilities and stockholders' equity            $    380,717    $    389,971
                                                                   ============    ============


                                 See accompanying notes.

                                             2
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                      American Resource Technologies, Inc.
                            Statements of Operations
                For Three Months Ended December 31, 2007 and 2006
                                   (Unaudited)


                                                     2007              2006
                                                 ------------      ------------

Revenue
  Oil and gas                                    $     17,089      $       --

Cost of Revenues
  Lease operating expenses                              8,102            11,117
  Depletion                                             5,457              --
                                                 ------------      ------------
        Total  Cost of Revenues                        13,559            11,117

General & administrative expenses                     127,791            27,424
                                                 ------------      ------------
       Total Operating Expenses                       127,791            27,424

Net loss                                         $   (124,261)     $    (38,541)
                                                 ============      ============

Loss per Share                                   $      (0.01)     $      (0.01)
                                                 ============      ============

Weighted Average Shares Outstanding                11,399,772         5,586,727
                                                 ============      ============


                             See accompanying notes.

                                        3
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                         American Resource Technologies, Inc.
                     Statement of Changes in Stockholders' Equity
                  For the Three Month Period Ended December 31, 2007
                                      (Unaudited)


                              Common Stock    Additional                      Total
                                 Shares        Paid in      Accumulated    Stockholders'
                              No par value     Capital        Deficit         Equity
                              -----------    -----------    -----------    -----------

Balances September 30, 2007    10,492,985    $ 5,648,640    $(5,358,826)   $   289,814
                              -----------    -----------    -----------    -----------

Shares issued for:
  Cash                            160,000         25,000         25,000
  Services                        403,500         79,770         79,770
  Note collateral                  80,000           --             --
  Dividend shares               1,093,361           --             --

Net loss                                                       (124,260)      (124,260)
                              -----------    -----------    -----------    -----------

Balances December 31, 2007     12,229,846    $ 5,753,410    $(5,483,086)   $   270,324
                              ===========    ===========    ===========    ===========





                                See accompanying notes.

                                           4
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                      American Resource Technologies, Inc.
                            Statements of Cash Flows
           For the Three Month Periods Ended December 31, 2007 & 2006
                                   (Unaudited)

Cash Flows from Operating Activities:                     2007           2006
-------------------------------------                     ----           ----

Net Loss                                               $(124,261)     $ (38,541)

Adjustments to reconcile net loss to net cash
  used in operating activities:
  Depletion                                                5,457           --
  Depreciation                                               750            750
  Stock Issued for Services                               79,770          4,000
Change in assets and liabilities:
  Decrease(increase) in:
    Accounts receivable                                                    --
  Increase(Decrease) in:
    Accounts Payable                                         236         12,522
                                                       ---------      ---------

Net Cash Used in  Operating Activities                   (38,048)       (21,269)

Cash Flows from Investing Activities
------------------------------------

Advances to related parties                               (4,458)        (4,401)
                                                       ---------      ---------

Net Cash Used in Investing Activities                     (4,458)        (4,401)

Cash Flows from Financing Activities:
-------------------------------------

Long-term debt                                            10,000           --
Proceeds of stock sales                                   25,000         25,600
                                                       ---------      ---------

Net Cash Provided by Financing Activities                 35,000         25,600

Net Decrease in Cash                                      (7,506)           (70)

Cash -Beginning of period                                 25,280            191
                                                       ---------      ---------

Cash -End of period                                    $  17,774      $     121
                                                       =========      =========

Supplementary Disclosure:
-------------------------
Cash Paid for Interest                                 $   1,500      $    --
Cash Paid for Taxes                                         --             --

Non-cash transactions:
----------------------
Shares Issued for:
  Services                                             $  79,770      $   4,000


                             See accompanying notes.

                                        5
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                      American Resource Technologies, Inc.
                          Notes to Financial Statements

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited financial statements of American Resource
Technologies, Inc. ("American Resources")have been prepared in accordance with
accounting principles generally accepted in the United States of America for
interim financial statements and with the instructions to Form 10-QSB and
Regulation S-B for the three month periods ended December 31, 2007 and 2006 and
reflect, in the opinion of management, all adjustments, which are of a normal
and recurring nature, necessary for a fair presentation of the results for such
periods. The foregoing financial statements do not include all information and
footnotes required by accounting principles generally accepted in the United
States of America for complete financial statements. However, except as
disclosed herein, there has been no material change in the information disclosed
in the notes to consolidated financial statements for the year ended September
30, 2006 included in the Company's Annual Report on Form 10-KSB filed with the
Securities and Exchange Commission. The interim unaudited financial statements
should be read in conjunction with the annual financial statements and
accompanying notes. Operating results for the three months ended December 31,
2007 are not necessarily indicative of the results that may be expected for the
year ending September 30, 2008.

New Accounting Standards

In December 2004, the FASB issued SFAS No.123R, "Accounting for Stock-Based
Compensation" ("SFAS No. 123R"). SFAS No.123R establishes standards for the
accounting for transactions in which an entity exchanges its equity instruments
for goods or services. This Statement focuses primarily on accounting for
transactions in which an entity obtains employee services in share-based payment
transactions. SFAS No.123R requires that the fair value of such equity
instruments be recognized as expense in the historical financial statements as
services are performed. Prior to SFAS No.123R, only certain pro forma
disclosures of fair value were required. American Resources adopted SFAS No.
123R as of October 1, 2005. The adoption of this standard had no effect on the
financial statements of Golden Chief.

NOTE 2 - COMMON STOCK

During the three months ending December 31, 2007, American Resources issued
160,000 shares of common stock for cash of $25,000. An additional 403,500 shares
were issued for services of $79,770, and 80,000 shares were issued as collateral
on long-term debt.

NOTE 3 - SUBSEQUENT EVENTS

The Company is working with its transfer agent to issue the dividend shares
discussed in the General section below. In January of 2008 the Company issued
100,000 shares of its common stock for consulting fees of $18,000.

NOTE 4 - STOCK OPTIONS

The following table lists the options outstanding at December 31, 2007.

                                     Date of
Grantee                               Grant      Exp. Date     Price    # Shares
-------                               -----      ---------     -----    --------
Pinnacle Consulting Group, Inc.     8/10/2007    1/10/2012   $   0.10    100,000
Pinnacle Consulting Group, Inc.     8/10/2007    1/10/2012   $   0.15    100,000
Gary Hartstein                      8/15/2007    8/15/2008   $  0.125    100,000
William Becker                      8/15/2007    8/15/2008   $  0.125    100,000
Becker 1987 Trust                   8/15/2007    8/15/2008   $  0.125     40,000
Kahanic Trust                      10/12/2007   10/31/2008   $0.15625    160,000
                                                                        --------
  Total options outstanding at 12/31/07                                  600,000

The outstanding options were purchased by the holders as part of their purchase
of restricted common shares on or about the issue date of the options.

                                       6
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In December 2004 FASB issued Statement of Financial Accounting Standards No. 123
(revised 2004), "Share-Based Payment" ("SFAS 123(R)") which requires companies
to recognize in the statement of operations all share-based payments to
employees, including grants of employee stock options based on their fair
values.

Item 2: Management's Discussion and Analysis of Financial Condition and Results
of Operations.

General:

On November 1, 2007 the Company's Board of Directors elected to declare a 10%
stock dividend effective for shareholders of record as of November 30, 2007. The
dividend shares are scheduled to be issued shortly.

On December 21, 2006 the Company held a special shareholders meeting at which
the shareholders approved a resolution authorizing the Board of Directors to
evaluate the necessity of a reverse stock split and also to implement a reverse
stock split if they determine it to be necessary. The stock split was
implemented in April of 2007 and resulted in a 1 for 50 reverse split. The
shareholders also ratified the actions of the officers and directors since the
last special shareholders meeting on December 17, 2001.

During the quarter ending December 31, 2006, six additional wells were drilled
on the Ownbey lease in Chautauqua County, Kansas pursuant to a farmout
agreement, which provides that the Company receives a "carried" working interest
in the wells. Production casing was set on all wells and completions operations
are continuing.

Capital Resources:

During the current quarter, our capital resources were extremely limited. Our
prospects will depend entirely on our ability to secure future financing.

The assets as of December 31, 2007 totaled $384,563, consisting primarily of the
producing leases previously acquired in the transaction with International
Royalty and Oil Co. in December 2004, and Sabine Operating Services in September
2005.

Revenues and Expenses:

During the current quarter, we recognized oil and gas revenue of $17,089 along
with lease operating expenses and depletion totaling $13,559.

During the quarter a year ago, we reported no revenues.

Gross income on oil & gas operations amounted to $3,530 for the three months
ended December 31, 2007. Total operating expense amounted to $127,791 for the
three months ended December 31, 2007, an increase of $100,367 from the same
period in the prior year resulting primarily from increased consulting fees
incurred during the quarter.

Liquidity:

Net cash used in operations for the three months ended December 31, 2007
amounted to $38,048 as compared to $21,269 for the comparable period of the
prior year. The increase resulted primarily from cash payments for operating
expenses.

Cash provided from financing activities for the three month period ended
December 31, 2007 amounts to $35,000 and consisted of cash proceeds from common
stock issuances and long-term debt.

Subsequent Events:

In January of 2008 the Company issued 100,000 shares of its common stock for
consulting fees of $18,000.

                                       7
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Disclosure Regarding Forward-Looking Statements:

Where this Form 10-QSB includes "forward-looking" statements within the meaning
of Section 27A of the Securities Act, we desire to take advantage of the "safe
harbor" provisions thereof. Therefore, we are including this statement for the
express purpose of availing itself of the protections of such safe harbor
provisions with respect to all of such forward-looking statements. The
forward-looking statements in this Form 10-QSB reflect our current views with
respect to future events and financial performance. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ from those anticipated. In this Form 10-QSB, the words
"anticipates," "believes, "expects," "intends," "future" and similar expressions
identify forward-looking statements. We undertake no obligation to publicly
revise these forward-looking statements to reflect events or circumstances that
may arise after the date hereof. All subsequent written and oral forward-looking
statements attributable to us or persons acting on our behalf are expressly
qualified in their entirety by this section.

PART II. OTHER INFORMATION

Item 2. Changes in Securities

There were no changes in securities during the current quarter.

ITEM 3. CONTROLS AND PROCEDURES.

     a)   Evaluation of Disclosure Controls and Procedures. As of December 31,
          2007, the Company's management carried out an evaluation, under the
          supervision of the Company's Chief Executive Officer and Chief
          Financial Officer of the effectiveness of the design and operation of
          the Company's system of disclosure controls and procedures pursuant to
          the Securities and Exchange Act, Rule 13a-15(e) and 15d-15(e) under
          the Exchange Act). Based upon that evaluation, the Chief Executive
          Officer and Chief Financial Officer concluded that the Company's
          disclosure controls and procedures were not effective, as of the date
          of their evaluation, for the purposes of recording, processing,
          summarizing and timely reporting material information required to be
          disclosed in reports filed by the Company under the Securities
          Exchange Act of 1934. Our auditors proposed material adjustments
          related to the issuance of stock for services, among others, which
          have been recorded by the Company. The Company is working to improve
          our accounting expertise to eliminate such adjustments in the future.

     b)   Changes in internal controls. There were no changes in internal
          controls over financial reporting, known to the Chief Executive
          Officer or Chief Financial Officer that occurred during the period
          covered by this report that has materially affected, or is likely to
          materially effect, the Company's internal control over financial
          reporting.

Item 4. Submission of Matters to a Vote of Securities Holders

On December 21, 2006 the Company held a special shareholders meeting at which
the shareholders approved a resolution authorizing the Board of Directors to
evaluate the necessity of a reverse stock split and also to implement a reverse
stock split if they determine it to be necessary. The shareholders also ratified
the actions of the officers and directors since the last special shareholders
meeting on December 17, 2001.

Item 6. Exhibits and Reports on Form 8-K

On November 1, 2007 a filing on Form 8-K was made informing that the directors
had declared a 10% stock dividend to shareholders of record as of November 30,
2007.

Exhibits

                                       8

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                                   SIGNATURES

In accordance with Section 13 or 15 (d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                            AMERICAN RESOURCE TECHNOLOGIES, INC.


Date:  February 13, 2008                        B. FRED ODEN, III
                                            -----------------------
                                            By: B. Fred Oden, III, President


Date:  February 13, 2008                    /s/ M. H. MCILVAIN
                                            -----------------------
                                            By: M. H. McIlvain, Executive Vice
                                                President and Chief Financial
                                                Officer







                                        9