AERN More Revenue News could Bounce
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Insane Stocks Newsletter
Good Morning All, AERN is trading fairly strong this morning and is looking steady.
The momentum looks VERY STRONG right now.
This was the kind of momentum that helped push AERN to over 12 cents when we initially announced it! With TWO strong PRs released this week, more and more investors are becoming aware of this small cap Company with a lot of potential.
But guess what MORE NEWS!!!! MORE POSSIBLE REVENUES IN THE MILLIONS WAS ANNOUNCED TODAY! AERN announced this morning that they have successfully signed a Definitive drilling agreement with Black Gold Exploration LLC of Farmersville, TX.
The agreement calls for a 50% joint venture interest for the drilling of a minimum of two new wells on leases in Knox County, Texas. Both companies expect successful drilling completion before the end of the year.
The Black Gold joint venture involves the drilling of two or more 1800 feet vertical wells through the Wolfcamp Lower Permian Sandstone, the Saddlecreek Sandstone, the Noodle Creek Sandstone and the Stockwether Limestone.
Upon completion the companies expect well production to approximate 60 BOPD. At current oil pricing above $90 bbl, the estimated revenues are anticipated to exceed $2 million annually!!! Stanley F. Wilson, AERN President and CEO, stated, “AER continues to execute its plan of investing in existing leases for the drilling of new wells and secondary recovery wells with established industry partners. This opportunity with Black Gold Exploration LLC is a superior example of our continued success.” You can read the PR here: http://www.otcmarkets.com/stock/AERN/news The news just doesn`t seem to stop with AERN. That`s THREE positive news releases just this week alone! AERN is definitely one to keep your eyes on right now. This momentum could easily ride into next week.
Could AERN be trading back at 12 cents next week Anything is possible! This is after all a Company that has price targets at 23 cents and 30 cents! KEEP AERN ON YOUR RADAR FOR POSSIBLY MORE ACTION NEXT WEEK! GENERAL NOTICE AND DISCLAIMER – PLEASE READ CAREFULLY We are engaged in the business of marketing and advertising companies for monetary compensation. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Insanestocks.com`s sponsored advertisements do not purport to provide an analysis of any company`s financial position, operations or prospects and this is not to be construed as a recommendation by Insanestocks.com or an offer or solicitation to buy or sell any security.
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References 1. http://www.freeinvestmentreport.com/
2. http://www.sec.gov/
3. http://www.finra.org/
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6. http://www.finra.org/
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