American Energy Development Corp.: announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

10 Apr 2012drilling progress report● Neutral

A press release confirmed the Cremer 1-1 well on the Dansville Prospect in Michigan would spud in the week starting April 16, 2012, drilling a vertical well to about 4,500 feet, taking an estimated 10-14 days. This continues the Range drilling program after Brown 2-12; no results are given yet.

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