We are excited to present American Energy Group, Ltd. (THE) (OTC: AEGG).
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About American Energy Group, Ltd. (THE) (OTC: AEGG)
American Energy Group, Ltd. is an Energy Resource Exploration and Production holding company. This operating oil and gas firm exposes investors to the tremendous upside of drilling activities in Pakistan while trying to minimize the downside risk of exploration and production costs. AEGG s subsidiary Hycarbex American Energy Inc. HAE is the operator with working interest on the Yasin Block , acres in South Central Pakistan. A successful well was drilled by the operator, HAE in June Haseeb No. that is estimated to have gas in place of billion cubic feet of natural gas. A pipeline and surface facility were completed in December of . Zamzama North Concession No. , square acres working interest of which is carried and back in rights to acquire an additional working interest at back costs upon commercial discovery for the first wells.Heritage Oil and Gas UK is the operator. The first Exploratory well is ready to drill and awaiting regulatory approval.Peshawar Block No HAE is the operator with working interest. A Scouting report has already been completed and the Geological Mapping study about to be completed which will be followed by D Seismic.Karachi Block No HAE operator, intends to farm out and invite Joint Venture partners to participate in both the Peshawar and Karachi Blocks. Four major oil and gas discoveries have been found to the south in the vicinity of Peshawar Block.
- Pierce Onthank / President, CEO, CFO
- John S. Gebhardt / Independent Director
- Pierce Onthank /
Current Share Structure
- Market Cap: $2,484,150 - 03/16/2018
- Authorized: 80,000,000 - 10/08/2017
- Issue and Outstanding: 70,975,719 - 02/20/2018
- Float: 54,125,927 - 10/08/2017
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