The Future Looks Bright For AERC 


American Energy Resources's New Discovery

We are excited to announce that our most recent strike, the Betty Thunder 777 well, is now in permanent production. At this time the well is averaging 230-250 barrels of oil per day. This is the seventh well drilled in the Bessie May Bonita Development, LP 7 well program. This well was drilled with the use of 3D seismic technology, which enables us to visualize and pin point the top of the anticline trap (Dome) with our drill bit. We expect this multiple pay zone well to be a strong producer for the partnership and further increase the company's proved reserves. With the conclusion of this program we stand at four successful wells out of seven wells drilled.    

                         Betty Thunder 777 Well

American Energy Resources's New Project

We have now launched our new seven well drilling project, the Fortune Ridge Prospect, LP. This too will be structured as a limited partnership to take maximum advantage of the tax benefits that are provided with investing in oil and gas. This project will be focused in the oil prolific Central Kansas Uplift Region of Kansas. The state of Kansas has produced over 6.3 billion cumulative barrels of oil. Once again, we will be utilizing the highest level of 3-D seismic technology on this drilling program. Using this technology allows us to target similar anticline structural traps (domes) that collectively have produced in excess of 2.5 billion barrels of oil from this region. This project will include leases held in Graham and Rooks Counties. According to the Kansas Geological Survey, in 2008 Rooks County was the #2 oil producing county in Kansas with over 246 million cumulative barrels of oil produced to date. The Fortune Ridge Prospect, LP will also be targeting additional pay zones within the Arbuckle, Reagan Sand and the Granite Wash formations. This aspect of the program further increases the potential of finding commercial quantities of oil, as these pay horizons tend to be strong and long lasting producers when they are discovered.

The Future

As oil prices are predicted to continue to increase, we are focused on increasing our land holdings in areas with prolific oil production and utilizing the highest level of 3-D seismic technology to increase our odds of finding commercial quantities of oil.

We would like to thank all of our Investor Partners for their loyal participation.
 About American Energy

Headquartered in Colorado Springs, Colorado American Energy is an independent exploration, development and production company that uses 3-D seismic imaging and other technologies to explore and develop domestic onshore oil and natural gas reserves.

Exploration and development activities have been historically focused in Kimball County, Nebraska targeting formations in the Denver-Julesburg Basin. Recent expansion initiatives include the acquisition of acreage in Graham, Rooks and Ellis Counties, Kansas.

Learn about 3-D Seismic Applications in Kansas form the Petroleum Technology Transfer Council...








Investor Center


Access the digital well metering system or retrieve an audio archive of the monthly Town Hall Meetings with Don Allen, via the investor center.
 Click here to log in...



Oil and gas drilling projects can provide suitable participants a tax advantaged revenue stream.



Building Wealth with
Oil & Gas

Read the article...  


    Learn from industry expert and CEO Don Allen


    

 

 


 

 

 

 


 

 


Small size, 5MBSmall size, 64MBLarge size, 64MB
13570 Meadowgrass Drive Suite 101 Colorado Springs, CO 80921
Site Map
(800) 220-5936 or (719) 590-6060 www.amerenergy.com