SOURCE: Century Capital Markets

February 02, 2012 07:30 ET

AER Energy Resources, Inc. (AERN) Expanding Its Domestic Oil Production

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the CENTURY CAPITAL MARKETS.

NEW YORK, NY--(Marketwire - Feb 2, 2012) - AER Energy Resources, Inc. (PINKSHEETS: AERN) (OTC: AERN) announced yesterday that Wade Well Service, LLC has begun reworking three of AER Energy's wells in Texas. Also, Bloomberg News released an article outlining that The Energy Information Administration has estimated that domestic crude production will rise to 6.7 million barrels per day by 2020. This could be a windfall for domestic oil producers like Anadarko (NYSE: APC), Apache (NYSE: APA), AER Energy and Chesapeake Energy (NYSE: CHK).

The Bloomberg article written by Peter Orszag, Vice Chairman of Global Banking at Citigroup, Inc. (http://bit.ly/xeglw8), states, "domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in US oil consumption." Also stated is, "that the import of liquid fuel by the US could drop to 37% by 2035, down from 60% in 2005 and 2006."

To view the entire press release on the reworking of AER Energy Resource's wells, please visit http://finance.yahoo.com/news/AERN-Begins-Reworking-Wells-iw-1773037437.html?x=0

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