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AER Energy Contracts With Multiplex Resources to Operate Multi-Well Drilling Program
Oct. 04, 2011 04:10PM PST
Resource Investing News AER Energy Resources, Inc. (PINKSHEETS:AERN) has signed an operator contract with Multiplex Resources to start a multi-well drilling program of targets across Texas and Kansas.
AER Energy Resources, Inc. (PINKSHEETS:AERN) has signed an operator contract with Multiplex Resources to start a multi-well drilling program of targets across Texas and Kansas.
As quoted in the press release:
AER Energy expects to develop and bring to completion 100 wells in its 1st full year of operation; the minimum net revenue from the wells would be $2,400,000 per year. Multiplex management has owned, operated and managed over 1,000 wells in the 3 State region of TX, KS and LA.
AER Energy Resources Inc.’s President, Stan Wilson stated:
It is the company’s belief that Multiplex’s efficiency and vast experience will bring the highest degree of margin, and expanded opportunities to the company by continuing to present and secure the sectors top oil and gas properties,”
Click here to read the AER Energy Resources, Inc. (PINKSHEETS:AERN) press release
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