Published:
American Energy Resources Drills Seven New Wells
COLORADO SPRINGS, Colo. - (BUSINESS WIRE) - American Energy Resources, an established industry leader in the
mid-continent region for oil and gas exploration and processing,
announced today an initiative to drill and test seven new oil wells in
Graham County, Kansas. These prospects called the Bessie May Development
are a result of American Energy Resources technologically advanced
high-resolution 3-D seismic surveying.
"Technology is changing our industry to create more efficient and
successful prospecting," said Donald H. Allen, president and founder of
American Energy Resources. "Our 3-D seismic mapping technology can help
us drill smarter which streamlines our resources and generates better,
faster results."
The Bessie May development is a potentially significant field discovery
according to the large seismic structure and surrounding well data. In
addition, the High Hill prospect component of this project has had over
16 million barrels of oil produced from surrounding wells.
"Our corporate commitment is to shore up one of America's most precious
resources and drill for American oil from American soil," noted Allen.
"We hope this development will find success and capitalize on the
impending increases in the price of oil."
About American Energy
American Energy Resources is an independently owned and operated oil and
gas company that delivers its investors a mitigated risk environment by
drilling in known productive areas and using the highest level of
technology available. Headquartered in Colorado Springs, Colo., American
Energy Resources' oil and gas exploration ventures have historically
focused in the Denver-Julesburg Basin in Colorado and Nebraska. Recent
expansion initiatives include the acquisition of 35,000 acres in seven
counties in the Central Kansas Uplift. H&M Petroleum Corp. is a
subsidiary of American Energy Resources and conducts all oilfield
operations in four states. For more information, please visit www.amerenergy.com.
Volume Public Relations
Craig TerBlanche, 720-529-4850
craig@volumepr.com
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