HOUSTON, TX--(Marketwired - June 19, 2015) - America Resources Exploration (OTCQB: AREN) is pleased to announce that it has acquired a 515 acres oil field (The Rogers and Burns leases) located in Atascosa and Frio county, Texas. The purchase includes all wells and equipment on the leases.
The property is currently producing commercial quantities of oil from some of the 7 wells on site that were originally drilled by Texaco.
The company owns all the deep rights down to 100 feet under the Olmos D reservoir where the producing wells are currently drilled to.
The company is working on a plan for these leases and will advise investors of further developments soon.
About American Resources Exploration, Inc.
America Resources Exploration, Inc. is an oil and gas exploration and production company focused on the acquisition of properties in areas with significant oil reserves and drilling potential. The Company's growth strategy includes the acquisition of oil fields from distressed third parties at a substantial discount to value, and development of fields whose potential has not been fully maximized.
Forward-Looking Statements
Forward-Looking Statements -- This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and America Resources Exploration, Inc. undertakes no obligation to update such statements.