AER Energy Resources Initiates Multi-Well Oil & Gas Project
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwire) -- 10/11/11 -- AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully signed an additional agreement with Multiplex Resources, Inc. of Houston, TX to purchase an additional 23 existing wells in Wilson County, Kansas with the intent to rework 16 of the 23 existing oil wells and drill up to 25 new off-set oil wells.
Stanley F. Wilson, AER Energy Resources, Inc. President, stated, "AER Energy Resources, Inc. plans to complete the 2nd KS lease acquisition in late November and immediately begin secondary recovery operations." Mr. Wilson added, "Funding for the purchase and drilling expense has been dedicated, new production upon completion is expected to produce an additional multi-million dollar new annual revenue stream."
Experience has indicated reworking existing Shallow wells are amongst the lowest risk and potentially one of the most profitable methods of operation. The company supervises and contracts the 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 is a diversified holding company with an emphasis in oil and gas through its subsidiary, FTPM Resources, Inc. . AER also operates a real estate and alternative fuels enterprise through its subsidiary, Global Wealth Group, Inc.
Note Regarding Forward-Looking Statements
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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Datum: 11.10.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 74470
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SCOTTSDALE, AZ
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Oil & Gas
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