February 16, 2012 07:30 ET

AER Energy (AERN) Acquires Oklahoma Leases With 24+ Identified Wells

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - Feb 16, 2012) - AER Energy Resources, Inc. (PINKSHEETS: AERN), a diversified holding company, announced they have acquired three Oklahoma oil and gas leases from Texas Energy, Inc. AER Energy plans to commence drilling on the three new leases within 60 days, with emphasis placed on the most promising wells.

AER Energy's acquisition puts them in the fields with some big players in oil and gas Range Resources Corp. (NYSE: RRC), Continental Resources, Inc. (NYSE: CLP) and Forest Oil Corp. (NYSE: FST) all have substantial interest in land in Oklahoma.

Oklahoma has seen a sharp increase in the amount of rigs within its borders, especially since the first half of 2010. According to a report by Headwaters Economics ( advances in technology has been one of the leading reasons for the growth and development of this traditional oil and gas producing state.

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