American Energy Development Corp. provided drilling update on the Cremer 1-1, located on the 1,343 acre Dansville Prospect in Southern Lower Michigan. The Cremer 1-1 was spudded late April 24, and is currently at a depth of approximately 1,348 feet with surface casing set in the well. AED anticipates that the drilling stage will continue for the next 5 days, with projections of reaching the structure on or about May 3rd or May 4th with drilling to continue to a total depth of approximately 4,500 feet. The Cremer 1-1 well is the second of a series of wells planned on the 1,343 acre Dansville Prospect, which has had well locations selected based on data gleaned from the use of the latest geological and geophysical technology, such as the company's 19.23 square miles (over 12,300 acres) of high-resolution 3-D seismic data. The first well, Brown 2-12, was drilled and completed in approximately 128 days and is now in full production with 898 barrels of crude already sold in April. Historical records of the Niagaran reef production in Michigan confirm more than 4,200 wells have been drilled targeting reef formations, producing a total of 472 million barrels of oil and 2.8 trillion cubic feet of natural gas, with development of reef trends lead by major industry players, including Royal Dutch Shell, BP and ExxonMobil. According to a recent USGS report on the basin, the recoverable reserves are in excess of 1.8 billion barrels of oil and 17 trillion cubic feet of natural gas.