Aeon Holdings, Inc (PK: AEOH) is an energy company with interests in oil and gas redevelopment and production in Texas. Aeon’s primary focus is to rediscover, acquire and rework oilfields that have a strong history of production and proven current reserves. Using state of the art recovery technology, many capped-off oil wells of the past are economically viable today. Our strategy is to build assets and revenue through acquisitions and joint ventures with leading edge companies specializing in oil field rework and recovery.
Our focus is on low to medium risk buyout or joint venture projects where the exploratory work is already completed. Re-working existing producing wells and offset drilling in proven producing fields carries a much lower risk ratio than drilling new wildcat wells. Our low overhead costs and industry experience allow us to capitalize on these opportunities.
Upon full transfer of the project leases, Aeon Holdings plans to begin onsite operations of The Crow's Run project which is located in Beaver County, Pennsylvannia. This project consists of 61 well locations on 13 leases.