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American Energy Development Reports Fiscal Results

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October 19, 2012

American Energy Development Corp. (AED) (OTC BB: AEDC) reported financial results and filed its Form 10-K for its fiscal year ended June 30, 2012.

Fiscal 2012 Highlights

• Brown 2-12 well brought online in December 2011, continued in full production with limited 'water cut' through mid-year.• Produced more than 1,100 bbl of oil on a net basis, with an average sales price of $92.25.• Completed the lease acquisition of approximately 4,000 acres in northern lower Michigan, known as the White-tail prospect.• Closed acquisition of 24,700 acre Windsor prospect in the ...


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