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The Company was formed in May 1997
as an oil and gas properties acquisition company. Since
inception, Aries has transacted over $115 million worth of
acquisitions. Transactions were concluded with various oil and gas
companies including: Bellwether Energy Corporation, Saba Oil
Company, Chesapeake Resources , First Reserves Oil and Gas Corporation, Five States,
Anadarko, Lamamco , West Port and others.
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The
company is actively looking for additional domestic acquisitions
particularly in its core area of operations in the Permian Basin,
Mid-Continent and the Gulf Coast areas. Likely acquisition
candidates are producing properties with proven upside (PDNP, PUD).
Acquisitions can vary in size from $100,000
to $50,000,000. |