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| Our Mission |
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The mission of AER Energy is to grow steadily and become one of the premier independent oil and gas producers in the United States.
AER Energy’s business strategy is to enhance the Company's value primarily through the acquisition, development and production of proven undeveloped natural gas and oil reserves in areas that have the following criteria:
- a substantial existing infrastructure of oil and natural gas pipelines and production/processing platforms;
- geographic proximity to well-developed markets for natural gas and oil;
- a large number of properties that major oil companies, exploration-oriented independents and others consider non-strategic; and
- a relatively stable history of consistently applied governmental regulations for offshore natural gas and oil development and production.
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AER Energy believes this criterion will significantly reduce the risks associated with traditional natural gas and oil exploration. Unlike oil and gas companies that conduct exploration activities, AER Energy’s focus is to acquire properties that have been previously explored by others, have current production, and documented proven reserves. Companies currently pursuing exploration success may discover hydrocarbons which may not provide an acceptable economic return for their purposes. Since AER Energy is not engaging in capital-intensive exploration these projects may prove to be a suitable candidate for acquisition or Joint Venture by the company.
AER Energy’s focuses is to develop projects in the shortest time possible in order to maximize revenue growth. The Company intends to operate the properties in which they acquire a majority working interest and begin a development program with proven reserves. This strategy, combined with our ability to rapidly evaluate and implement a project's requirements, allows AER Energy to complete the development project and commence production as quickly and efficiently as possible.
Financial Objectives
AER Energy’s primary financial objective is to achieve substantial on-going revenue per acquired oil & gas properties through its wholly owned subsidiary AER Petroleum, Inc.
Acquisition Strategy
AER Energy believes that the domestic market for crude oil production will increase, especially in view of the on-going threat of international conflict in the Middle East. AER Energy will continue its acquisition of additional producing oil and gas leases utilizing strategies that have been successful in the industry in identifying and evaluating potential properties. AER Energy also intends to pursue industry partners for Joint Venture opportunities. |
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