AER Energy Completes Agreement With Rehoboth Oil & Gas
October 31 2011 - 1:32PM
Marketwired
AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully
completed an agreement with Rehoboth Oil & Gas, LLC of Baytown,
TX for the purchase of three oil and gas leases for producing
wells.
Stanley F. Wilson, AER Energy Resources, Inc., President,
stated, "AER Energy with this signed purchase agreement continues
to execute its plan of acquiring existing leases with operating
wells or wells for secondary recovery opportunities. The three
Rehoboth leases and producing wells places AER Energy ahead of 2011
planned benchmarks with revenues from this project estimated to
yield over $200,000 in new annual revenues. Five additional wells
are planned to be drilled on the Rehoboth next year."
History has demonstrated reworking existing Shallow wells are
among the lowest risk well investments involving drilling and
potentially one of the most profitable methods to successful
completion. The company contracts all drilling, completion and
production phases in both oil and gas wells in Texas and Kansas to
Multiplex Resources of Houston, TX.
ABOUT AER ENERGY RESOURCES, INC.
AER Energy Resources, Inc. (www.aernenergy.com) is a diversified
holding company with an emphasis on oil and gas exploration,
drilling, well completion and fuel distribution.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words or phrases "would be," "would allow," "intends to," "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
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