AER Energy Resources: $1.875 Billion USD Agreement for Joint Venture Oil and Gas Project

AER Energy Resources, Inc. (OTC PINK:AERN) has signed an agreement with Eric Johnson and Riverton Energy for a Joint Venture to purchase oil and gas leases in South-Central Louisiana.

As quoted in the press release:

As a part of the proposed Joint Venture, Mr. Johnson and Riverton Energy will manage the project, and have a local operator ready to commence drilling operations.

AER Energy Resources’ President and General Counsel, Stan Wilson stated,

“Having previously worked with Riverton Energy on capital formation for the development of two Eagle Ford Shale mineral leases, the Mathews and the Murphy Leases in Zavala County, Texas, I am pleased that AER Energy Resources, Inc. has been afforded this opportunity to joint venture with Riverton Energy on the “Bayou B Prospect” in the Atchafalaya Basin area with an expected lease acquisition to take place in early November and drilling to begin no later than February 2012.”

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