As part of our plans for growth, and concurrent with third party Yasin Block exploration activities, Management will be investigating other upstream oil and gas opportunities that fit the Company’s investment criteria emphasizing enhancement to share value and increase of net income. At this time, during a period of high energy prices, such highly prospective opportunities are more likely to be found in remote international locations. These often underdeveloped countries dictate a heightened awareness of responsibility with respect to indigenous peoples and cultures.

American Energy is committed to not only meet, but to exceed where practical, industry norms in the area of contribution to the welfare of those peoples living in vicinity of Company operations. Management is of the strong opinion that maintaining the highest level of corporate citizenship is not detrimental to profitability. Such efforts often generate additional opportunities that would not otherwise have been made available, and ultimately improve the fiscal performance of the Company. Management believes that a free market guided by responsible corporate conduct can contribute to alleviating dangerous pressures from religious or ethnic conflict. Working in an emerging market situation thus constitutes not only risk, but offers a unique opportunity for participation in the development of countries representing the emerging markets. By highlighting the unique aspects of emerging market situations, American Energy hopes to attract a group of elite investors, who not only expect above average returns on their investment, but demand the highest possible standard of corporate responsibility.