The leases include six existing wells, of which three are producing and three were non-producing wells and these three wells are now being reworked.

The operator has identified the additional well upgrades and replacement pipe for the reworks and has begun the necessary work.

The three reworks are expected to be completed within the next two weeks and upon completion, all six wells will be producing.

AER Energy is a diversified holding company with a focus on oil and gas exploration, drilling, well completion and fuel distribution.