Aer Energy Res

[~Angel~]

"Funding for the purchase and drilling expenditure has been dedicated and new production upon completion is expected to recover a minimum of 320,000 barrels of oil and 3.2 billion cubic feet of natural gas from the Nodasaria Frio alone, resulting in a potential return of $38,000,000 based on risk-adjusted prices of $80 per barrel and $4 per 1000 cubic feet of natural gas. With another five development wells to be drilled, the AER JV expects to generate between $825 million to $1.875 billion in gross revenue based on Riverton's internal projections," Mr. Wilson added.