NEW YORK, NY--(Marketwire -03/08/12)- AER Energy Resources, Inc. (Pinksheets: AERN.PK - News), a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution, announced that sales from their Copeland, Allie Wade and South Wade leases have improved oil sales by 25% from February to January.
"At today's price of oil exceeding $105 (per barrel), AER Petroleum continues its exceptional position to take advantage of continued higher oil prices," states Al Karmali, President of AER Petroleum, Inc. In an Associated Press article released yesterday, it states, "Retail gas prices are at their highest levels ever for this time of year despite ample supplies and declining demand. That's because tension in the Persian Gulf has kept crude oil prices around $100 per barrel for most of the month.
Analysts say oil prices are likely to remain at those levels until there is more clarity about what will happen in the Gulf, where Iran has threatened to close the Strait of Hormuz if the U.S. and other countries impose more sanctions on its nuclear program.
These factors could help all companies that are involved in US production similar to AER Energy like, Imperial Oil (NYSE: IMO - News), Dynergy, Inc (NYSE: DYN - News) and Suncor Energy, Inc (NYSE: SU - News).
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