AER Energy Resources Initiates Multi-Well Oil & Gas Project

AER Energy Resources, Inc. (OTC Pink:AERN) signed an additional agreement with Multiplex Resources, Inc. of Houston, TX to purchase an additional 23 existing wells in Wilson County, Kansas.

As quoted in the press release:

Experience has indicated reworking existing Shallow wells are amongst the lowest risk and potentially one of the most profitable methods of operation. The company supervises and contracts the drilling, completion and production phases in both oil and gas wells, in Texas and Kansas, to Multiplex Resources of Houston, TX.

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

“AER Energy Resources, Inc. plans to complete the 2nd KS lease acquisition in late November and immediately begin secondary recovery operations.” Mr. Wilson added, “Funding for the purchase and drilling expense has been dedicated, new production upon completion is expected to produce an additional multi-million dollar new annual revenue stream.”

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