American Energy Partners Inc (AEPT)

[Giantsgal22]

American Energy Announces Executive Buy-Back Program

Board of Directors Authorizes up to $1 million Executive Share Buy-Back

PR Newswire

ALLENTOWN, Pennsylvania, February 20, 2018

ALLENTOWN, Pennsylvania, February 20, 2018 /PRNewswire/ --

American Energy Partners, Inc. (OTC: AEPT) (the "Company", "American Energy" or "AEPT"), a diversified energy company, today announces that its board of directors have authorized up to $1 million executive share buy-back program. The authorization extends through the end of 2020, and repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time.

American Energy's Chairman & CEO, Mr. Brad Domitrovitsch states, "The advantages of this decision are essentially two-fold. American Energy's executives are reinvesting earnings in the company's shares and this will serve to offset dilution from using equity as currency in M&A activity." With an already high percentage of insider ownership representing approximately 70% of shares outstanding, this decision highlights the confidence in American Energy's ability to perform and the growth we see in the upcoming year.

Our ability to continue to meet previous targets is indicative of the quality of the company's assets and the efforts of our organization to deliver strong performance. Going forward, we will continue to demonstrate financial discipline with a focus on returns. Our 2018 M&A investment plan is anticipated to produce substantial free cash flow.

American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.

For additional information, visit: American Energy Partners, Inc.