The company acquires the three leases with a minimum of 24 identified wells and plans to begin drilling on these new leases within 60 days.

The Oklahoma leases are part of the Osage Prospects including the Buttrey, Waldon and Fletcher lease locations.

Texas Energy president Al Kamali said AER Energy will immediately begin secondary recovery operations on these leases and the company has scheduled an aggressive drilling program for 2012-2013.