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American Energy Group Ltd. is an energy resource royalty company. This non-operating oil and gas firm exposes investors to the tremendous upside of drilling activities in Pakistan without the downside risk of exploration and production costs. AEGG has an 18% gross overiding royalty interest on the producing Yasin Block 2468-7 (539,172 acres) in South-Central Pakistan. A successful well was drilled by the operator, Hycarbex-American Energy Inc. in June 2005 ( Haseeb No. 1 ) that is estimated in place 196 billion cubic feet of natural gas. A pipeline and surface facility were completed in December of 2009. The Companies other core assets consist of the following royalties and convertible carried working interests in oil and gas leases:

-- 2.5 % carried working interest**in Zamzama North Block No. 2667-8 (557,951 square acres) under exploration, in South-Central , Sindh Province, Pakistan. Heritage Oil and Gas is the operator.

-- 2.5 % carried working interest** in Sanjawi Block No. 3068-2 (302,895 square acres) under exploration North-Central, Baluchistan Province, Pakistan. Heritage Oil and Gas is the operator.

** In both Zamzama North and Sanjawi Blocks, Aegg has the option to convert its 2.5% carried working interests at any time, on a well by well basis to a 1.5% royalty, free of the costs of exploration and development of the leases.

The convertible carried working interest is "carried" (i.e. free of exploration and development costs) as to the initial 3 wells for Zamzama North, and the first 2 wells for Sanjawi.

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