AER Energy Resources, Inc (AERN)

[Fureal]

AERN to JV up to 100 Wells in Kansas - Haven't heard boo about this one either. Announcing intent to enter a JV is not entering a JV....

Although, here is the exempt from the September 30 Quarterly report: "The company is committed pursuant to the assignment of a joint venture interest from Marta Oil for the expenditure of drilling expenses for up to 100 wells in KS with a definitive agreement to be finalized no later than December 30, 2011." No agreement has been made to date although its clear who has the connections to marta Oil...

From the December 31st Annual Report: 1. TERESA JACKSON: Ms. Jackson has been active in O&G secondary recovery with leases in Kansas and Texas, specializing in low-risk shallow well rework opportunities. Ms. Jackson has purchased several leases in Wilson County Kansas and has over 25 wells producing or in secondary recovery operations under development. Ms. Jackson and Marta Oil have developed a successful program for lease and well acquisition which includes an extensive on location personal review of all potential land lease purchases. Marta Oil has been successful in
developing a rock-solid method of working with industry partners and has aligned itself with Multiplex Resources, Inc. of Houston, TX. for all drilling, completion and production of both Oil and Gas operations.

http://finance.yahoo.com/news/AER-Energy-JV-100-Well-Kansas-iw-3892428050.html?x=0