FORWARD PLANS

The focus of American Energy’s present activities is the successful management of its Pakistan royalty on the Yasin exploration license, successful development or sale of its Galveston County, Texas assets, the search for other international and domestic acquisition and development projects which provide the opportunity to add to share value and net income.

With regard to Pakistan in-country opportunities, experts view Pakistan as a country with realistic potential for the discovery of large oil and gas reserves. Easily perceived as containing far less oil and gas potential than the Arabian Peninsula countries, Pakistan has never received the extensive exploration efforts required to fully explore the vast and numerous structures warranting such attention. However, in recent years, a significant number of well known international oil and gas operators have moved into Pakistan, and their efforts have met with a high degree of success. A number of new commercial discoveries have been announced in recent years. Boosting investors’ confidence is geological data which suggest nearly identical structures with those of the Arabian Peninsula. Of the comparatively few exploration undertakings an above-average number have succeeded and support the position that Pakistan truly does represent a very opportune country in which to focus exploration efforts.