AEDC American Energy Development Corporation (CE)

S&P Capital IQ announced it has commenced Standard & Poor’s Factual Stock Report coverage on American Energy Development Corp. (AED, OTCBB: AEDC). AED is an emerging U.S. energy company committed to creating American energy independence through the development of acreage in established oil and gas basins.

The company uses the latest geological, geophysical, and environmental technology to locate, drill, and produce oil and gas in the United States and secure regions. AED is currently focused on the development of the Niagaran oil reefs in Michigan and underexplored onshore basins in the United Kingdom.

Historical records of the Niagaran reef production indicate more than 4,200 wells have been drilled in the reef formation, producing a total of 472 million barrels of oil and 2.8 trillion cubic feet of natural gas, with development of reef trends driven primarily by Royal Dutch Shell, BP and ExxonMobil. According to a recent USGS report on the basin, the recoverable reserves exceed 1.8 billion barrels of oil and 17 trillion cubic feet of natural gas.

Guided by a proprietary databank of more than 16,500 acres of 3D seismic data, AED has commenced a multi-well drilling program on the 1,343 acre Dansville prospect in Ingham County where it has a 43.75% working interest. In February, AED announced the sale of 1,000 barrels of oil produced from its first well in the project, and it has begun the development of the next two wells. The sites have been surveyed, bonded and have received all required permits by the State of Michigan, with drilling expected to begin during the second quarter.

AED recently increased its asset portfolio by acquiring approximately 4,200 acres in the White-tail Prospect, located within a proven reef play covering approximately 2.5 million acres in the prolific Northern Michigan region. AED is targeting Niagaran reef structures in an area developed by Royal Dutch Shell, ExxonMobil and BP. The largest reefs drilled in the area are the Chester 18A field (with 14 million barrels of recoverable oil drilled by Royal Dutch Shell) and the Grant 13 field (with approximately 47 billion cubic feet of recoverable natural gas).

“This extensive new coverage by S&P Capital IQ helps us deliver important information about our company to the financial community, as well as increase our visibility among analysts and institutional investors,” said Herold Ribsskog, president of AED. “The report also shares our positive fundamental outlook for oil & gas exploration and production, as they expect strong oil prices and production growth to generate higher earnings and cash flow industry-wide.”

Standard & Poor’s Factual Stock Report coverage on American Energy Development Corp. will be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

To receive further information about American Energy Development Corp., contact (855) OIL-AEDC or email ir@aed-corp.com

About Standard & Poor's Factual Stock Reports

Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of buy and sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.

About American Energy Development Corp.

American Energy Development Corp. is an independent U.S. energy company, committed to creating American energy independence through the development of acreage in established oil and gas basins. Using the latest geological, geophysical, and environmental technology, the company's goal is to locate, drill, and produce oil and gas in the United States and secure regions. American Energy Development's focus is on the development of Niagaran oil reefs in Michigan and the underexplored onshore basins in the United Kingdom.

About S&P Capital IQ

S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need.

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