AEDC - American Energy Development Corp.
AEDC - American Energy Overview
American Energy Development is an independent US Energy Company committed to creating American energy independence through the development of acreage in established Oil and Gas basins using the latest geological, geophysical, and environmental technology to locate, drill, and produce oil and gas reserves in the United States, and other secure regions.
With offices in the finance capitals New York and London, American Energy Development is dedicated to providing domestic energy solutions for America. To reach its goals, the Company has assembled a highly experienced management team, led by President & CEO Herold Ribsskog and supported by professionals with extensive knowledge and experience in geology & geophysics, engineering, corporate finance, and accounting.
American Energy Development’s current holdings represent in excess of 30,000 acres of what we believe is prime oil and gas acreage with large prospective potential reserves. Our aim is to utilize proven and pioneering technology to take full advantage of our acreage. These regions have also been targeted by Exxon Mobil, BP, Royal Dutch Shell, Marathon Oil and West Bay Exploration.
Recent May 5th News
According to Yahoo Finance
AEDC Company Profile Video
American Energy Development’s strategy is to acquire high quality prospects and apply the latest geological, geophysical, and environmental technology to create shareholder value whilst minimizing risk-exposure.
Through its strategic acquisition and exploration strategy, American Energy Development has acquired 30,243 acres of prime oil and gas acreage, and 19.23 sq. miles of high quality 3-D Seismic data on its acreage targeting prolific Oil and Gas formations in proven basins.
Dansville ~ Niagaran Reef Prospect ~ (Ingham County, MI)
American Energy Development’s 1,343 acre Dansville prospects are located amongst wells drilled by majors ExxonMobil, BP, and regional major player WestBay Exploration. Reefs in Michigan have produced a total of 472 million barrels of oil and 2.8 TCF gas with American Energy Development’s acreage found in the midst of a proven oil bearing southern reef trend. Using 3-D seismic previously not available on earlier exploration programs over the area, the first of three prospects Brown-12 was drilled in 1972 reporting an Initial production of 583 barrels of oil per day and lies contiguous to a Reef drilled by ExxonMobil that has already produced 606,000 Barrels of oil.
More about Project http://www.aed-corp.com/projects/michigan-dansville-prospect.html
White-Tail ~ Niagaran Reef Prospect ~ (Northern Michigan)
American Energy Development’s 4,200 acre White-tail prospect is located in Northern Michigan an area known for prolific Niagaran reef structures exploited by Royal Dutch Shell, BP, and proven shale acreage that counts players such as Chesapeake, Chevron, and Encana. Located in a play that covers about 2,500,000 acres within the proven oil bearing 12 -15 mile wide reef belt, reefs in the area range from 50–400 acres in size and are 200–700 ft in depth. The two largest reefs drilled have both been drilled in the Northern Trend are the Chester 18A field, with 14 millions barrels of recoverable oil drilled by Royal Dutch Shell and the Grant 13 field which has approximately 47 Billion cubic feet of recoverable natural gas.
More about Project http://www.aed-corp.com/projects/michigan-osprey-prospect.html
Windsor Prospect ~ Southern England ~ (Windsor, United Kingdom)
American Energy Development’s 24,700 acre prospect is located amongst sizeable UK onshore fields such as BP’s 500 Million barrel Wytch farm oil field, Europe’s largest onshore oil and gas field. The underexplored UK onshore fields share relations to the 30 Billion Barrel North Sea by containing similar structures and sands. Seismic mapping undertaken on the prospect demonstrates a Northwest - Southeast trending closed anticline. The prospect has prospective resources of up to 615 Million barrels of oil inplace.
More about Project http://www.aed-corp.com/projects/united-kingdom-windsor-prospect.html
Michigan Oil & Gas Association 2011
USGS report, Accessed 01 August 2011
UK Department of Energy & Climate Change, Accessed 01 August 2011
Michigan Basin Province USGS Report, Gordon Dolton, Accessed 28 February 2012
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American Energy Development Corp. is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, “AEDC”, and within the OTCQB market tier. As such, Business, Operational, and Financial information on AEDC is fully transparent and available to public view.
Visit: http://www.otcmarkets.com/stock/AEDC/company-info to see complete details.
American Energy Development Corp. is Active on the Nevada Secretary of State site:
Market Value: $103,925,199 a/o May 04, 2012
(Please note the share structure posted is what we have gathered but can change on a daily basis , please contact the company or transfer agent to get the most current information.)
Their latest 10-Q Quarterly Report ~ Filed on 5/3/12 ~ For the period ending 3/31/12
Incorporated In: NV,USA
Year of Inc.: 2010
Company Notes: Formerly=LJM Energy Corporation until 7-2011
Island Stock Transfer
15500 Roosevelt Boulevard
Clearwater, FL, 33760
GlobeNewswire - (Friday, May 4)
American Energy Development Provides Drilling Update-2 on Cremer 1-1
Marketwire - (Tuesday, May 1)
Conditions of Growth, Economic Analysis - Research Report on American Energy Development Corp and W.R. Grace & Co.
GlobeNewswire - (Monday, April 30)
American Energy Development Provides Drilling Update on Cremer 1-1
GlobeNewswire - (Monday, April 26)
American Energy Development Provides Update on Brown 2-12 Production, With 898 Barrels of Crude Already Sold in April
GlobeNewswire - (Wednesday, April 25)
American Energy Development Announces Spudding on the Cremer 1-1, Located Within the Dansville Prospect
GlobeNewswire - (Tuesday, April 24)
American Energy Development Confirms Rig Arrival and Setup on Cremer 1-1 on the Dansville Prospect
GlobeNewswire - (Thursday, April 19)
American Energy Development Corp. Outlines Development Strategy for United Kingdom Prospect
USA, New York City
American Energy Development Corp.
1230 Avenue of the Americas
New York, NY 10020
American Energy Development Corp.
33 St James’s Square
London SW1Y 4JS
Fax: +44 203 170 6186
Phone: +44 203 170 6185
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