Brought to you by ERA King Real Estate
Wed, 7 Mar 2012 16:06:01 EST JERICHO, NY, March 7, 2012 AER Energy Resources, Inc. (PINKSHEETS: AERN) a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution, announced today that 3 of their leases have boosted production 25% from January to February.
The production boost occurred on their Copeland, Allie Wade and South Wade leases. Currently, the leases have 6 producing wells, with 4 more identified to be drilled in the second quarter of this year. Upon completing the 4 additional wells, AER Energy anticipates their annual revenue to exceed $500,000.
AER Energy has also completed payment on the acquisition of the Texas leases announced on February 15th. The acquisition contributed three Oklahoma leases with a minimum of 24 identified wells and an estimated future oil and gas production when completed and combined with existing AER Energy lease holdings that could exceed 700 BOPD.
To view the entire press release, please visit [url]http://finance.yahoo.com/news/aern-petroleum-sells-25-more-141500633.html[/url]
SmallCapNewsRelease gainers are Transcend Services, Inc. (NASDAQ: TRCR) The Bon-Ton Stores, Inc (NASDAQ: BONT) Magnetek, Inc (NYSE: MAG) Agenus Inc. (NASDAQ: AENE) Retractable Technologies, Inc. (NYSE: RVP) AcelRx Pharmaceuticals (NASDAQ: ACRX) Global Ship Lease (NYSE: GSL) Outdoor Channel Holdings (NASDAQ: OUTD)
SmallCapNewsRelease decliners are Vermillion, Inc. (NASDAQ: VRML) Pandora Media (NYSE: P) ChinaCache International (NASDAQ: CCIH) On Track Innovations (NASDAQ: OTIV) Galena Biopharma (NASDAQ: GALE) BG Medicine, Inc (NASDAQ: BGMD) China Information Technology (NASDAQ: CNIT) Celsion Corp (NASDAQ: CLSN)
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid SmallCapNewsRelease one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation do no trading of any kind and send no Faxes or emails.
JERICHO, NY, March 7, 2012 AER Energy Resources, Inc. (PINKSHEETS: AERN) a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution, announced today that 3 of their leases have boosted production 25% from January to February.