SmallCapNewsRelease:(OTC: AERN) Has Reworked Three Wells In Texas
JERICHO, NY, February 22, 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 they have successfully completed reworking the three secondary recovery wells at their Copeland and South Wade leases in Texas.
AER anticipates $250,000 in additional annual revenues from the six reworked wells and up to $1,000,000 annually from the four new production wells to be drilled in the second quarter of this year.
Last week, AER Energy announced they had successfully acquired three Oklahoma oil and gas leases from Fort Worth, Texas based Texas Energy, Inc.
To view the entire press release, please visit http://finance.yahoo.com/news/AERN-Completes-Well-Reworks-iw-312569948.html?x=0
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