American Energy Group Granted One-Year Renewal of Exploration License for Pakistan Concession.SIMONTON, Texas--(BUSINESS WIRE)--Aug. 13, 1998--The American Energy Group, Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMEL), an independent oil and gas exploration, drilling and production company, today announced that Hycarbex, Inc., its wholly owned international exploration subsidiary, has been granted a one-year renewal of its Exploration License from the Government of Pakistan Government of Pakistan (Urdu: حکومتِ پاکستان), The Constitution of Pakistan provides for a Federal Parliamentary System of government, with a President as the Head of State and an indirectly-elected Prime in order to continue exploration activities on its Jacobabad Concession in the Middle Indus Basin. The Concession and Exploration License encompasses approximately one million acres in central Pakistan. Initial indications from data derived from the Kharnhak No.1 well prompted the company to request the renewal of its Exploration License and operations. The company has committed to begin drilling the next well on its Jacobabad Concession by the end of May 1999. Extensive drilling planning for the next well in Pakistan is currently under way, and the bid procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process for drilling related equipment and services has begun. The nextwell to be drilled in the Jacobabad Concession will be the David No. 1, named in honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. of the late David L. Cox, former president of Hycarbex until his untimely death in June Death In June is the musical brainchild of English folk musician Douglas Pearce, better known as Douglas P. Death In June was originally formed in Britain in 1981 as a trio, but after the other members left in 1985 to work on other projects, the group became the work of of this year. The American Energy Group, Ltd. is an independent oil and gas exploration, drilling, and production company based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , involved with both domestic and international exploration projects. Certain matters described in this report are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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Bradley Simmons, President and
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or
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