AER Energy Secures $10,000,000 Standby Letter of Credit
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwire) -- 12/19/11 -- AER Energy Resources, Inc. (PINKSHEETS: AERN) is pleased to announce it has successfully secured from a top 25 bank a $10 million Standby Letter of Credit. The Letter of Credit was obtained with the help of an International Financial consultant.
Stan Wilson, AER Energy Resources, Inc. President, stated, "With the advent of this vitally important credit line, AER plans to complete pending JV opportunities and review several merger and acquisition possibilities."
AER Energy Resources, Inc. is pursuing a policy of drilling and operating low risk oil and gas wells in areas of proven production, primarily in the areas of KS and TX. The company is acquiring high quality leases in proven fields, characteristically surrounded by existing production. AER Energy has recently resumed its fuel trading and petroleum marketing through FTPM Resources, Inc., a wholly owned subsidiary, and plans to expand its operations with the benefit of the Standby Letter of Credit.
AER Energy Resources, Inc. () 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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Datum: 19.12.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 98285
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SCOTTSDALE, AZ
Kategorie:
Oil & Gas
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