AER Energy Resources, Inc (AERN)

[Fureal]

Did you factor in the Texas Energy Oklahoma wells? potential for 24 wells?
- 9 Kansas wells online in Q3 (20 BOPD = 60,000/mo/2 = $30k/mo or
$360K/yr- 30 Kansas wells online in Q3 (potential for 60 more in Q4)
1 BOPD/well divided in half (JV) = 50k/mo or $600K/yr(X's 3 if the other 60 get done = $150K/mo or $1.8MIllion/yr)
- Rehoboth 6 wells (another 4 in Q2 to be drilled + potential for 20 more)$500K/yr (6+4) OR $1million depending on which PR you read...
- TE/ Oklahoma 24 wells (when complete) = $20million/yr- Dealership UMO = $200K/yr

360 + 600 + 500 + 20,000,000 + 200 = 36.6 million/yr