American Standard Strengthens Foothold in 'Prolific' Plays

American Standard Energy Corp. announced that on March 5, 2012, it closed and funded its acquisition of approximately 72,300 net acres and approximately 250 barrels of oil equivalent per day of production from privately-held Geronimo Holding Corporation ("Geronimo"). Geronimo is controlled by the Company's majority stockholder and director, Randall Capps.

"This transformational acquisition uniquely complements American Standard's strong positions in three core regions: the Permian Basin, the Williston Basin and the Eagle Ford," said Scott Feldhacker, American Standard's Chief Executive Officer. "In addition to leasehold assets that provide a portfolio of long-term exploration opportunities, the acquisition of existing production provides immediate cash flow which enhances our financial position."

In the Permian Basin the Company acquired 22,519 net acres. The largest contiguous acreage concentrations are located in Crockett, Edwards, Crane, Lea, and Mitchell Counties, Texas. Following this acquisition, the Company holds 29,000 net acres in the Permian Basin.

The Company acquired 6,227 net acres in the Eagle Ford and now holds just over 7,400 net acres in the area, all within La Salle, Frio, Wilson, Gonzales and Maverick counties in Texas.

In the Williston Basin, North Dakota, American Standard added 9,801 net acres to its existing leasehold acreage and now holds working interests in over 42,200 net acres.

"Our ability to bring together such a significant leasehold position in three of the United States' most prolific oil exploration plays demonstrates how our strategy of capitalizing on relationships and opportunities adds value to our shareholders," added Feldhacker. "We must now focus on completing our transition from an early-stage leasehold company to a balanced non-operating exploration and production company and continue to execute on our business strategy to turn leasehold assets into producing assets and, as a result, growing the value of our enterprise."

As consideration for the assets described, American Standard paid Geronimo $10 million cash, an unsecured, subordinated note paid in the principal amount of $35 million, and five million shares of American Standard Energy's common stock, valued at $2.70 per share.

"We are pleased to complete this transaction and are excited about the potential the newly acquired assets provide to add value to our stockholders," said Scott Mahoney, American Standard's Chief Financial Officer.


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