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AER Energy Resources, Inc. (OTC Pink:AERN) has updated that the Copeland, Allie Wade and South Wade leases raised oil sales quantity by 25% in February.
AER Energy Resources, Inc. (OTC Pink:AERN) has updated that the Copeland, Allie Wade and South Wade leases raised oil sales quantity by 25% in February.
As quoted in the press release:
The lease acreage permits spacing that will allow up to an additional 20 wells. Upon completion of all 4 new wells, AERN anticipates crude oil revenues from the TX leases to exceed $500,000 in annual revenues.
Click here to read the AER Energy Resources, Inc. (OTC Pink:AERN) press release.
