ALLENTOWN, Pennsylvania, December 8, 2017 /PRNewswire/ --
American Energy Partners, Inc. (OTC: AEPT) (the "Company", "American Energy" or "AEPT"), a diversified energy company, is excited to announce the anticipated initiation of negotiations with selected, profitable companies as it embarks on a strategic expansion into oil and gas assets in the Northeastern United States.
The Company previously closed on a multi-well package of currently producing gas and oil assets, as well as an interest in significant unleased mineral acres in Tier 1 zones of both the Wet Marcellus and Dry Utica shale formations. Those rights originated with a single undisclosed seller.
Management expects to leverage its experience in executing this initial multi-well package, with future expansion modeled off that example - a strategy intended to maximize future top-line growth. To deal with the additional investment banking demands implied by this emphasis, the Company recently completed an agreement with Aqua Terra Asset Management, LLC ("Aqua Terra"), as indicated in a prior release.
Brad Domitrovitsch, CEO, stated, "With our Investment Banking relationship now locked into place at Aqua Terra, we feel confident we have the backing to pursue acquisitions that will further launch our operations in the space. We continue to feel that this is an opportune time for aggressive expansion."
According to the November 2017 research report out of OPEC, US shale oil is now expected to drive global production growth in the years to come, with a full eight years of outsized growth into a peak around the year 2025.
About Aqua Terra
Aqua Terra is an affiliate of Boenning and Scattergood, Inc. Established in 1914, Boenning & Scattergood, Inc. is one of the oldest independent securities, asset management and investment banking firms in the Mid-Atlantic and Midwest Regions. Professionals at our firm provide individual investors, corporate and municipal clients and institutions a full complement of financial services including retail brokerage, equity research, equity and fixed income sales and trading, investment banking, public finance, equity option strategy and asset management.
For additional information, visit: https://www.boenninginc.com/
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
Hydration Corporation of PA, LLC ("HCPA") is engaged in the businesses of water exploration, water augmentation, and the treatment of impacted waters. Notably, its intellectual property delivers one of the highest energy yields from a broad range of water-bearing assets, with one of the lowest capital expenditures of any other known water processes. American Energy Solutions, LLC provides treatment technologies that contribute to HCPA's business model of low-cost treatment and distribution. As a provider of design, this subsidiary is capable of repeatable and synergistic services across the value chain. Gilbert Oil & Gas Company is leveraging broad industry valuation experience to source drilling, operating, and partnership opportunities in the upstream oil and gas space. It is positioned to become a strong customer of AEPT's other subsidiaries while providing them with the foundation to attract other customers and enter new markets.
For additional information, visit: http://americanenergy-inc.com.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT's financial position and business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think", "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. AEPT cautions readers not to place undue reliance on such statements. AEPT does not undertake, and AEPT specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from AEPT's expectations and estimates.
SOURCE American Energy Partners, Inc.