American Energy Development Corp. (AEDC) Gives Drilling Update on Project in Michigan
American Energy Development is an independent oil and gas company seeking to expand through the development of acreage in established oil and gas basins. The company's current focus is on development of acreage in the Niagaran oil reefs in Michigan and in underexplored onshore basins in the United Kingdom. The Niagaran Reef is of particular interest to the company. Historical records of the Niagaran reef production in Michigan confirm more than 4,200 wells have been drilled targeting reef formations. Much of the drilling in the region has been conducted by major players in the energy industry, including Royal Dutch Shell,…