AER Energy Resources, Inc (AERN)

[Gori88lla]

NEWS MORE WELLS up to 20+ wells going into production soon

AER Energy acquires OK O&G leases from Texas Energy
6 minutes ago - Datamonitor Financial Deals Tracker via Comtex
AER Energy Resources, Inc. (AERN) has acquired three OK O&G (Oklahoma oil and gas) leases from Texas Energy, Inc. (TXE), a provider of drilling services to oil and gas industry.

AERN is engaged in the acquisition, development and production of crude oil properties.

The acquisition combines AER Petroleum, Inc. and TXE's OK O&G assets. All the entities in this transaction are based in the US.

The lease consists of minimum of 24 identified wells. The estimated future oil and gas production when completed and combined with existing AERN lease holdings will exceed 700 BOPD. The OK leases are part of the Osage prospects including the Buttrey, Waldon, and Fletcher lease locations.

Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2012-02-15
Deal Participants

Target (Company) Texas Energy, Inc. - Three Oil and Gas Leases - Oklahoma, US
Acquirer (Company) AER Energy Resources, Inc.
Vendor (Company) Texas Energy, Inc.