$AEPT--ACQUISITION NEWS!! American Energy Partner
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Posted On: 07/11/2019 9:59:03 AM
$AEPT--ACQUISITION NEWS!! American Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Hickman Geological Consulting, LLC
Agreement Also Calls for Addition of Turnkey Services: Engineering, Valuation of Oil & Gas Assets, and A&D Diligence and Advisement
ALLENTOWN, Pennsylvania, July 11, 2019 /PRNewswire/ -- American Energy Partners, Inc. ("American Energy"
(PINK: AEPT), a company dedicated to delivering solutions wherever energy production and water meet technology, agreed to acquire 100% of the membership interests in Hickman Geological Consulting, LLC in exchange for 40,500,000 shares of American Energy's preferred shares equal to approximately 5% of American Energy's outstanding common stock. American Energy reserves the right to repurchase these preferred shares prior to any other third parties.
While Josh Hickman, the owner of Hickman Geological Consulting, LLC, is on American Energy's board of directors, the transaction was approved by the Board of Directors after determining, in good faith, that the acquisition is in the best interests of American Energy since the acquisition will immediately contribute to top-line revenue.
The addition of Hickman Geological Consulting to American Energy's group of subsidiaries expands American Energy's services with in-house valuation of Oil & Gas assets, mineral buying advisement, A&D diligence and advisement, leasing and negotiations, as well as Oil & Gas exploration. The transaction provides a solid foundation to build upon inside energy services.
This acquisition represents only one of a series of acquisitions planned for the future. This acquisition marks the beginning of American Energy's buy and build strategy. For additional information, visit: Hickman Geological Consulting, LLC.
Brad Domitrovitsch, CEO of American Energy commented, "As a Company, we all worked diligently over the past few weeks to evaluate this acquisition with great diligence and care." He further commented, "I would like to thank both Josh and Jessica Hickman, as well as the team that worked so hard to make this acquisition possible."
Josh Hickman, Founder of Hickman Geological Consulting, LLC also commented, "This company was built from the ground up with my wife, Jessica. It is family owned and operated and joining the American Energy family of companies will ensure that our efforts will be rewarded in the many years to come."
American Energy expects to complete the transfer of all assets and interests within the next week and will announce the completion of this acquisition at such time.
https://www.otcmarkets.com/stock/AEPT/news/st...id=1393271
Agreement Also Calls for Addition of Turnkey Services: Engineering, Valuation of Oil & Gas Assets, and A&D Diligence and Advisement
ALLENTOWN, Pennsylvania, July 11, 2019 /PRNewswire/ -- American Energy Partners, Inc. ("American Energy"
(PINK: AEPT), a company dedicated to delivering solutions wherever energy production and water meet technology, agreed to acquire 100% of the membership interests in Hickman Geological Consulting, LLC in exchange for 40,500,000 shares of American Energy's preferred shares equal to approximately 5% of American Energy's outstanding common stock. American Energy reserves the right to repurchase these preferred shares prior to any other third parties. While Josh Hickman, the owner of Hickman Geological Consulting, LLC, is on American Energy's board of directors, the transaction was approved by the Board of Directors after determining, in good faith, that the acquisition is in the best interests of American Energy since the acquisition will immediately contribute to top-line revenue.
The addition of Hickman Geological Consulting to American Energy's group of subsidiaries expands American Energy's services with in-house valuation of Oil & Gas assets, mineral buying advisement, A&D diligence and advisement, leasing and negotiations, as well as Oil & Gas exploration. The transaction provides a solid foundation to build upon inside energy services.
This acquisition represents only one of a series of acquisitions planned for the future. This acquisition marks the beginning of American Energy's buy and build strategy. For additional information, visit: Hickman Geological Consulting, LLC.
Brad Domitrovitsch, CEO of American Energy commented, "As a Company, we all worked diligently over the past few weeks to evaluate this acquisition with great diligence and care." He further commented, "I would like to thank both Josh and Jessica Hickman, as well as the team that worked so hard to make this acquisition possible."
Josh Hickman, Founder of Hickman Geological Consulting, LLC also commented, "This company was built from the ground up with my wife, Jessica. It is family owned and operated and joining the American Energy family of companies will ensure that our efforts will be rewarded in the many years to come."
American Energy expects to complete the transfer of all assets and interests within the next week and will announce the completion of this acquisition at such time.
https://www.otcmarkets.com/stock/AEPT/news/st...id=1393271
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