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American Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Hickman Geological Consulting, LLC
American Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Hickman Geological Consulting, LLC.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n\n\n\nAmerican Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Hickman Geological Consulting, LLC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Hickman Geological Consulting, LLC\nAgreement Also Calls for Addition of Turnkey Services: Engineering, Valuation of Oil & Gas Assets, and A&D Diligence and Advisement\nPR Newswire\nALLENTOWN, Pennsylvania, July 11, 2019\n\n\n\nALLENTOWN, 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. \nWhile 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.  \nThe 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.\nThis 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.\nBrad Domitrovitsch, CEO of American Energy commented, \"As a Company, we all worked diligently...