American Energy Partners Inc (AEPT)

[lrice]

If you check it out, there are two, repeat 2, news releases. One from W2 Energy and the second from EGPI Firecreek. Each provides information.

Dennis Alexander, EGPI's CEO, stated, "We believe the synergies between W2 Energy and Arctic Solar will substantially benefit our remaining 49% interest in ASE. We view this transaction as a win/win for us as we will continue our emphasis on oil and gas expansion, while allowing for growth potential for ASE with increased business and opportunities available through the purchase by W2 Energy." He also stated, "By effectively and strategically utilizing our expertise, strengths and contacts this transaction should benefit all entities involved."
Mike McLaren, W2 Energy's President and CEO, stated, "We are very optimistic with the opportunity to add Arctic Solar and their Solar Thermal Energy Systems to our business, product and service lines. By taking a majority interest in ASE, this strategic acquisition will enable us to expand our business base, while increasing our presence in the alternative energy market." He also stated, "We look forward to working with both Arctic Solar and the EGPI Firecreek team as we continue to expand our business base."