AER Petroleum Partners With New KS Oil & Gas Company's 30 Secondary Recovery O&G Wells Project

SCOTTSDALE, Ariz., May 3, 2012 /PRNewswire/ -- AER Energy Resources, Inc. (PINKSHEETS: AERN) has entered into a 50/50 Partnership to participate in reworking thirty (30) shallow oil wells on 80 acres in Eastern Kansas. The Company will rework each of the thirty (30) wells through proven secondary recovery techniques. AER Energy has also secured an option to rework up to an additional sixty (60) wells on an adjacent 145 acres.

Stanley F. Wilson, AER Energy Resources, Inc. President and CEO, stated, "AER Petroleum, Inc. plans to complete the 30 Kansas reworks by early 3Q and will begin operations this summer following the 9 previously announced reworks. The 30 reworks are anticipated to begin secondary recovery operations in late August." Mr. Wilson added, "The additional 30 reworks are expected to produce a minimum of 30 BOPD and $100,000.00 in new monthly revenues (at current WTI market prices) upon completion."

Al Karmali, AER Petroleum President, stated, "We are taking advantage of this new partner's long-term relationships with O&G lease opportunities in several Oil plays throughout KS and look forward to completing the 9 reworks this summer south of this acreage; so we can begin the secondary recovery drilling of the 30 exceptionally shallow wells within the Bartlesville formation."

AER Petroleum, Inc. continues its secondary recovery drilling and when possible partnering in reworking low-risk oil and gas prospects, in areas of proven production, primarily in the areas of KS and TX. The company is continuing to acquire quality leases in established O&G fields, characteristically surrounded by existing production.

ABOUT AER ENERGY RESOURCES, INC.

AER Energy Resources, Inc. (www.aerenergyresources.com) is a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution.

Safe Harbor 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.

For Company Contact:

AER Energy Resources, Inc
info@aerenergyresources.com

SOURCE AER Energy Resources, Inc.

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