AER Energy Resources, Inc (OTCPK:AERN) and Riverton Energy agreed to acquire oil and gas leases in South-Central Louisiana on October 7, 2011. AER Energy Resources and Riverton Energy formed a joint venture for the lease acquisition. As a part of the proposed joint venture, Eric Johnson and Riverton Energy will manage the project, and have a local operator ready to commence drilling operations. The transaction is expected to be completed by early November 2011.

AER Energy Resources, Inc (OTCPK:AERN) and Riverton Energy cancelled the acquisition of oil and gas leases in South-Central Louisiana on October 7, 2012.