Pierce Onthank, President

Mr. Onthank, 49, serves as President, Chief Executive Officer, Secretary-Treasurer and a Director of American Energy Group and is based in Westport, Connecticut. Since joining American Energy Group as a Director in 2003, he has managed the Company’s assets and raised in excess of US $20 million of capital.

Mr. Onthank has over 20 years of experience in the investment banking and securities business, and has held senior positions at a number of Wall Street firms. Prior to joining the Company, he was a founding partner of Crary, Onthank & O’Neill, an investment banking firm specializing in oil and gas investments, and served as the investment banker for American Energy Group from 1998 to 2001. Prior to this, Mr. Onthank was a Senior Vice President at Paine Webber and Smith Barney Shearson managing institutional and private investments. Prior to that, he was a Senior Vice President at Drexel Burnham Lambert managing public and private investments for individual and institutional accounts. Prior to that, he was a Limited Partner of Bear Stearns & Company. Mr. Onthank began his professional career working for Merrill Lynch.

Mr. Onthank holds a B.A. in Economics from Denison University, Granville, Ohio. He is a member of the Pakistan-American Business Council in Washington DC.

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