AERN--Huge News:MONDAY DEC19/11
AER Energy Secures $10,000,000 Standby Letter of Credit
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Aer Energy Res (PC) (USOTC:AERN)
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Today : Monday 19 December 2011
AER Energy Resources, Inc. (PINKSHEETS: AERN) is pleased to announce it has successfully secured from a top 25 bank a $10 million Standby Letter of Credit. The Letter of Credit was obtained with the help of an International Financial consultant.
Stan Wilson, AER Energy Resources, Inc. President, stated, "With the advent of this vitally important credit line, AER plans to complete pending JV opportunities and review several merger and acquisition possibilities."
AER Energy Resources, Inc. is pursuing a policy of drilling and operating low risk oil and gas wells in areas of proven production, primarily in the areas of KS and TX. The company is acquiring high quality leases in proven fields, characteristically surrounded by existing production. AER Energy has recently resumed its fuel trading and petroleum marketing through FTPM Resources, Inc., a wholly owned subsidiary, and plans to expand its operations with the benefit of the Standby Letter of Credit.
