| Business Summary | | The
American
Energy
Group,
Ltd.
is
principally
in
the
business
of
acquiring,
exploring,
developing
and
producing
oil
and
gas
properties.
As
of
June
30,
2000,
the
Company
was
engaged
in
its
principal
activity
of
developmental
drilling
of
new
wells
and
reworking
operations
on
existing
wells
situated
on
its
Texas
oil
and
gas
properties.
The
Company,
through
its
wholly
owned
subsidiary,
Hycarbex-American
Energy,
Inc.,
likewise
holds
an
oil
and
gas
exploration
license
near
Jacobabad,
Pakistan,
but
activities
during
the
year
in
connection
with
the
Pakistan
concession
were
limited
to
preparations
for
drilling
activities
which
will
not
occur
until
later
in
year
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
American
Energy
Group
and
its
subsidiaries
are
principally
engaged
in
the
business
of
acquisition,
exploration,
development
and
production
of
oil
and
gas
properties.
For
the
nine
months
ended
3/31/01,
revenues
rose
17%
to
$1.5
million.
Net
loss
rose
76%
to
$9.8
million.
Revenues
reflect
increased
oil
and
gas
sales
due
to
increased
production
volumes
and
higher
prices.
Loss
reflects
costs
related
to
the
issuance
of
stock
for
compensation. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Manfred Welser, 43 | Chairman | William Aber, Jr., 57 | CEO,
VP, Director | George Von Canal, 52 | Pres,
Director | Dean Smith, Jr., 54 | CFO | Linda Gann, 43 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|