The American Energy Group, Ltd. Announces Appointment of Director to Hycarbex Subsidiary

Westport, Connecticut (FSCwire) - The American Energy Group, Ltd. (AEGG) announced today that it has appointed Shahid Ahmed Khan as a Director for Hycarbex-American Energy, Inc. (“Hycarbex”), the company’s subsidiary which holds the petroleum exploration licenses in Pakistan.   Mr. Khan joins Pierce Onthank and John Gebhardt on the Board of Directors of Hycarbex.   Mr. Khan also has been engaged by the company to provide a wide variety of consulting services to Hycarbex. 

Mr. Khan currently serves as Honorary Consul General of Pakistan in the United States, a position he has held since 2009. He is the founder of Triconboston Consulting Corporation Inc.   He has many years of consulting experience in the United States and abroad and has assisted many companies with entry into and maintenance within South Asia markets. His previous consulting services have included advising his clients as to matters such as renewable energy, information technology, communications, healthcare, and governmental matters.  Mr. Khan has chaired the Pak-Millennium Conference since 1999.   The Conference gathers leading experts from throughout the world who assist the Pakistan government in setting policies related to development and higher education in Pakistan.   Mr. Khan has received a Presidential medal (Sitara E Pakistan) from the President of Pakistan in recognition of his services to the country and its citizens.  Mr. Khan also served as a commissioner on the Governor of Massachusetts’ Asian American Commission.  Mr. Khan is an established civic leader representing the South Asian community, whose services have been highlighted in many well known media publications, including the Wall Street Journal, New York Times, Los Angeles Times, Boston Globe, Voice of America, Geo TV, ARY TV and Pakistan Times.   

This news release contains forward-looking statements, including estimated time lines for future events. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or 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. Forward-looking statements are subject to uncertainties and risks including, but not limited to, economic conditions, drilling risks and actual operating conditions and results, deviation in costs of critical equipment and services, deviation in production decline rates, the impact of competition and commodity pricing, and domestic and foreign governmental regulation and approvals.

All forward-looking statements in this disclosure, whether made by, or on behalf of the Company or by or on behalf of the project operator, are expressly qualified by the above 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.

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