Stanley F. Wilson, AER Energy Resources, Inc. President and CEO, stated, "AER Petroleum, Inc. under the watchful eye of its President Al Karmali, plans to complete the Kansas reworks this summer and will begin secondary recovery operations in July." Mr. Wilson added, "Funding for the participation and related drilling expense has been committed and reworks are expected to produce up to 20 BOPD and $60,000.00 in new monthly revenues upon completion."
Al Karmali, AER Petroleum President, stated, “CNBC recently reported that Oil Companies have already reaped fortunes off the Mississippian Lime Play in Oklahoma and are now following the rock formation northward into Kansas, where millions of acres of mineral rights have been leased in the past two or three years. We are right on top of the Oil play in KS and look forward to completing the reworks so we can begin the off-set drilling of wells within this formation”.
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