AMERICAN ENERGY GROUP LTD Files SEC form 10-Q, Quarterly Report

ITEM 2- MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains statements about the future, sometimes referred to as "forward-looking" statements. Forward-looking statements are typically identified by the use of the words "believe," "may," "will," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend" and similar words and expressions. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements that describe our future strategic plans, goals or objectives are also forward-looking statements. Readers of this report are cautioned that any forward-looking statements, including those regarding the Company or its management's current beliefs, expectations, anticipations, estimations, projections, proposals, plans or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties, such as: . The future results of drilling individual wells and other exploration and development activities; . Future variations in well performance as compared to initial test data; . Future events that may result in the need for additional capital; . Fluctuations in prices for oil and gas; . Future drilling and other exploration schedules and sequences for various wells and other activities; . Uncertainties regarding future political, economic, regulatory, fiscal, taxation and other policies in Pakistan; . Our future ability to raise necessary operating capital. The forward-looking information is based on present circumstances and on our predictions respecting events that have not occurred, which may not oc...
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Hycarbex-American Energy, Inc. Announces Completion of Surface Facility and Updated Schedule for Pipeline Connection

WESTPORT, Conn.--(BUSINESS WIRE)--The American Energy Group, Ltd. (OTC.BB: AEGG - News) announced today that Hycarbex-American Energy, Inc. (“Hycarbex”) has provided a status update as to the completion of the surface treatment facility and pipeline connection for the Haseeb #1 Well on Yasin Block (2768-7). The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb # 1 Well. The working interest is co-owned by Hycarbex (85%), Hypak Asia (Pvt) Ltd. (10%) and Government Holdings (Pvt) Limited (5%). Hycarbex previously announced the anticipated completion in October of 2009 of its surface treatment facility for the Haseeb #1 Well as well as the anticipated connection to the pipeline for gas sales. The surface treatment facility has been under construction for the last year by EPS, an affiliate of Specialty Process Equipment Corporation (“SPEC”), a worldwide specialist in design, engineering and custom fabrication of processing facilities based in Houston, Texas, with manufacturing facilities in Houston, Texas, United Arab Emirates and Pakistan [website: ...
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AMERICAN ENERGY GROUP LTD Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, F

Item 1.01 Entry into a Material Definitive Agreement. Carried Working Interest Purchase and Sale Agreement On October 29, 2009, we executed an agreement to acquire from Hycarbex-American Energy, Inc. ("Hycarbex") a two and one half percent (2-1/2%) working interest in each of the 2,258 square kilometer Sanjawi Block No. 3068-2, Zone II, Baluchistan Province, Pakistan, and 1,229 square kilometer Zamzama North Block No. 2667-8, Zone III, Sindh Province, Pakistan. Each concession block is operated by Heritage Oil and Gas Limited. Heritage Oil and Gas Limited is an affiliate of Heritage Oil, plc, an independent oil and gas company which focuses its oil and gas operations on Africa, the Middle East, and Russia. Heritage Oil's shares trade on the London Stock Exchange under the symbol HOIL with a secondary listing on the Toronto Stock Exchange under the symbol HOC. Other working interest participants in the two Blocks are Sprint Energy (Private) Limited, an affiliate of Pakistan-based JS Group, and Trakker Energy (Private) Limited, an affiliate of Pakistan-based TPL Holdings, Ltd. Under the terms of the agreement, our 2-1/2% working interests will be deemed "carried" by Hycarbex for the initial two (2) wells on the Sanjawi Block and the initial three (3) wells on the Zamzama North Block. The term "carried" means that the costs associated with work programs, seismic, road preparation, drillsite preparation, rig and equipment mobilization, drilling, reworking, testing, logging completion and governmental fees (except taxes on production) shall be borne entirely by Hycarbex. Infrastructure costs such as pipelines and surface facilities constructed after the first discovery well on each Block are not carried. After the initial carried wells have been drilled, we are required to bear our proportionate share of drilling and exploration costs in subsequent wells. The agreement provides an option to American Energy Group, Ltd. to convert our working...
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American Energy Group, Ltd. Announces Contract for Acquisition of Working Interests in Sanjawi and Zamzama North Blocks, Pakistan

WESTPORT, Conn.--(BUSINESS WIRE)--The American Energy Group, Ltd. (OTC.BB: AEGG - News) announced today that it has executed an agreement to acquire from Hycarbex-American Energy, Inc. (“Hycarbex”) a two and one half percent (2-1/2%) working interest in each of the 2,258 square kilometer Sanjawi Block No. 3068-2, Zone II, Baluchistan Province, Pakistan, and 1,229 square kilometer Zamzama North Block No. 2667-8, Zone III, Sindh Province, Pakistan. Each concession block is operated by Heritage Oil and Gas Limited. Heritage Oil and Gas Limited is an affiliate of Heritage Oil, plc, an independent oil and gas company which focuses its oil and gas operations on Africa, the Middle East, and Russia. Heritage Oil’s shares trade on the London Stock Exchange under the symbol HOIL with a secondary listing on the Toronto Stock Exchange under the symbol HOC. Other working interest participants in the two Blocks are Sprint Energy (Private) Limited, an affiliate of Pakistan-based JS Group, and Trakker Energy (Private) Limited, an affiliate of Pakistan-based TPL Holdings, Ltd. Under the terms of the agreement, the American Energy Group, Ltd.’s 2-1/2% working interests are “carried” by Hycarbex for the initial two (2) wells on the Sanjawi Block and the initial three (3) wells on the Zamzama North Block. The term “carried” means that the costs associated with work programs...
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AMERICAN ENERGY GROUP LTD Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative189  314  199  178  Non Recurring -   -   -   -  Others2  2  2  2  Total Operating Expenses -   -   -   -  Operating Income or Loss(191)(316)(200)(180)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(191)(316)(200)(180)Interest Expense2  2  2  2  Income Before Tax(192)(317)(202)(182)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(192)(317)(202)(182)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   - ...
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AMERICAN ENERGY GROUP LTD Files SEC form 10-K, Annual Report

ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This report contains statements about the future, sometimes referred to as "forward-looking" statements. Forward-looking statements are typically identified by the use of the words "believe," "may," "will," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend" and similar words and expressions. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements that describe our future strategic plans, goals or objectives are also forward-looking statements. Readers of this report are cautioned that any forward-looking statements, including those regarding the Company or its management's current beliefs, expectations, anticipations, estimations, projections, proposals, plans or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties, such as: . The future results of drilling individual wells and other exploration and development activities; . Future variations in well performance as compared to initial test data; . Future events that may result in the need for additional capital; . Fluctuations in prices for oil and gas; . Future drilling and other exploration schedules and sequences for various wells and other activities; . Uncertainties regarding future political, economic, regulatory, fiscal, taxation and other policies in Pakistan; . Our future ability to raise necessary operating capital. The forward-looking information is based on present circumstances and on our predictions respecting events that have not occurred, which may not occur or which may occur with different consequences from those now ass...
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Hycarbex-American Energy, Inc. Announces Updated Schedule for Surface Facility and Pipeline Connection and Results of Yasin Exploratory Well # 1

WESTPORT, Conn.--(BUSINESS WIRE)--The American Energy Group, Ltd. (OTC.BB: AEGG - News) announced today that Hycarbex-American Energy, Inc. (“Hycarbex”) has updated its completion schedule for the surface treatment facility and pipeline connection for the Haseeb #1 Well and the results of the Yasin Exploratory Well # 1 on Yasin Block (2768-7). The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb # 1 Well. The working interest is co-owned by Hycarbex (85%), Hypak Asia (Pvt) Ltd. (10%) and Government Holdings (Pvt) Limited (5%). Hycarbex previously announced the construction in process of a surface treatment facility by EPS, an affiliate of Specialty Process Equipment Corporation (“SPEC”), a worldwide specialist in design, engineering and custom fabrication of processing facilities based in Houston, Texas, with manufacturing facilities in Houston, Texas, United Arab Emirates and Pakistan [website: www.spec-pro.com]. While estimated completion of the construction was originally expected during the first quarter of calen...
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AMERICAN ENERGY GROUP LTD Files SEC form 10-Q, Quarterly Report

ITEM 2- MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains statements about the future, sometimes referred to as "forward-looking" statements. Forward-looking statements are typically identified by the use of the words "believe," "may," "will," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend" and similar words and expressions. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements that describe our future strategic plans, goals or objectives are also forward-looking statements. Readers of this report are cautioned that any forward-looking statements, including those regarding the Company or its management's current beliefs, expectations, anticipations, estimations, projections, proposals, plans or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties, such as: . The future results of drilling individual wells and other exploration and development activities; . Future variations in well performance as compared to initial test data; . Future events that may result in the need for additional capital; . Fluctuations in prices for oil and gas; . Future drilling and other exploration schedules and sequences for various wells and other activities; . Uncertainties regarding future political, economic, regulatory, fiscal, taxation and other policies in Pakistan; . Our future ability to raise necessary operating capital. The forward-looking information is based on present circumstances and on our predictions respecting even...
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AMERICAN ENERGY GROUP LTD Files SEC form 10-Q, Quarterly Report

ITEM 2-MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains statements about the future, sometimes referred to as "forward-looking" statements. Forward-looking statements are typically identified by the use of the words "believe," "may," "will," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend" and similar words and expressions. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements that describe our future strategic plans, goals or objectives are also forward-looking statements. Readers of this report are cautioned that any forward-looking statements, including those regarding the Company or its management's current beliefs, expectations, anticipations, estimations, projections, proposals, plans or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties, such as: - The future results of drilling individual wells and other exploration and development activities; - Future variations in well performance as compared to initial test data; - Future events that may result in the need for additional capital; - Fluctuations in prices for oil and gas; - Future drilling and other exploration schedules and sequences for various wells and other activities; - Uncertainties regarding future political, economic, regulatory, fiscal, taxation and other policies in Pakistan; - Our future ability to raise necessary operating capital. The forward-looking information is based on present circumstances and on our predictions ...
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