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  • American Energy Corp. (AEDC) Identifies Second Well Location; Prepares Area For Drilling 1 comment
    Apr 5, 2012 2:54 PM

    American Energy Development, an independent U.S. energy company, today announced it has identified its second well location on the 1,343-acre Dansville Prospect in Southern Michigan, with spudding scheduled to begin later this month.

    The Cremer 1-1 well is the second of a series of wells planned on the prospect, and AED said it believes Cremer 1-1's reef structure to be comparable in pinnacle height to the company's successful Brown 2-12 well, which is located approximately one mile away.

    "The success at Brown 2-12 has provided a road map for development at Cremer 1-1," Herold Ribsskog, president of AED stated in the press release. "We expect that the drilling stage of the Cremer 1-1 well will follow a similar timeline as was achieved with the Brown 2-12 well, while again delivering positive results to our stockholders."

    AED used its high-resolution 3-D seismic data to compose a detailed analysis of Cremer 1-1's potential reef structure to identify areas with the best potential for recoverable reserves. The company said it will now apply the knowledge from the drilling of the Brown 2-12 to develop Cremer 1-1.

    To execute the development, the drill location for Cremer 1-1 is already surveyed, bonded, and permitted. Preparation for a direct access road is underway, and the drilling rig is expected to arrive in the second week of April, with drilling to begin shortly after.

    For more information visit aed-corp.com

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    Strong buy can make u rich
    10 Apr 2012, 06:43 PM Reply Like
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