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The prom is probably the most awaited event of a teenager's life. If you are a girl then you probably want to look your best wearing your prom dress and want the evening to be memorable. Choosing the cheap prom dresses is a task that can take a lot of your time. If you start by evaluating your body type and know exactly what type of prom dress will look best on you then the prom dress hunt will be easy. The American Energy Group, Ltd. (OTC.BB: AEGG) announced today that an independent research report has been published by Venture Research, LLC which concludes that American Energy is severely undervalued based upon the asset value of proved reserves estimated within a recent independent reserve study conducted by GSM, Inc. and based upon the asset’s upside potential. The research report assigns a 12-month target price to American Energy of $4.50.

Analyst Clay Mahaffey, CFA states in the research report: “Hycarbex has many drill sites with over one TCF potential which is significant even to a major, but they are also shallow and low cost. This is an extraordinary portfolio of high impact prospects”. Venture Research, LLC is an independent research and financial consulting company specializing in energy and small cap stocks. Venture Research, LLC distributes to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. A copy of the research report is available on American Energy’s website at www.aegg.net, as well as Venture Research, LLC’s website at www.claymahaffey.com .

Cautionary Note to Investors:

The research report referenced in this release contains numerous assumptions regarding future events which may not occur. Investors are directed to the text of the research report for detailed discussion of all of the analyst’s assumptions and disclosed risks in arriving at his conclusions. Venture Research, LLC was paid $12,000 by an unrelated third party for twelve months research coverage of the Company.

Nothing in this release should be construed as an offer or solicitation to buy or sell any security.

Forward Looking Statements:

This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, projected stock performance or asset performance and underlying assumptions and other statements, including potential production rates and potential reserves, which estimates are unproven and not based upon actual production data or historical facts. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, actual operating conditions, the outcome of future drilling activity by third parties upon which the Company relies, estimates of production decline rates for existing wells and commodity price fluctuations, and domestic and foreign government regulation and approvals affection operations upon which the Company expects to derive all of its operating income. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of the Company are expressly qualified by the cautionary statements and any other cautionary statements which accompany the forward-looking statements. In addition, the Company disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

For further information contact Pierce Onthank, President and CEO at (203) 222-7315 or [email protected].