AER Energy Announces Agreement to Purchase Three Texas Leases From Rehoboth Oil & Gas, LLC

AER Energy Resources, Inc. (OTC Pink:AERN) has signed an agreement with Rehoboth Oil & Gas, LLC of Baytown, TX for the purchase of three oil and gas leases for producing wells.

As quoted in the press release:

Past experience has demonstrated reworking existing Shallow wells are among the lowest risk well investments involving drilling and potentially one of the most profitable methods resulting in successful completion. The company supervises and contracts all drilling, completion and production phases in both oil and gas wells in Texas and Kansas to Multiplex Resources of Houston, TX.

AER Energy Resources’s President, Stanley F. Wilson stated:

“AER Energy continues to implement its plan of acquiring existing leases with operating wells or wells for secondary recovery opportunities and these three Rehoboth leases along with the twenty-three Multiplex wells previously announced bring AER Energy substantially ahead of 2011 planned benchmarks with net revenues totaling in the millions.”

Click here to read the AER Energy Resources, Inc. (OTC Pink:AERN) press release