Major Insider Buying At American Energy Group, Ltd.

STAMFORD, Conn. -- Venture Research, LLC noted that Dr. Iftikhar Zahid reported that he purchased 280,000 shares of American Energy Group, Ltd (OTC BB: AEGG) at a price of $1.40 per share ($392,000 total) according to SEC documents. "There can be no clearer signal to other investors that the stock is undervalued as when a Director makes a purchase of this magnitude" said Clay Mahaffey, CFA President. "It is especially important since the timing of this purchase is prior to the results of the reserve study that was recently commissioned. You have to assume he is fairly confident of the results vis a vis the current stock price." This report as well as the October 29 Update "Confirm $8 Price Target - Back Up the Truck and Load Up!" can be downloaded from the web site http://www.claymahaffey.com/Reports

Information, opinions or recommendations contained in this report are submitted solely for advisory and information purposes. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent their completeness or accuracy. Such information and opinions expressed are subject to change without notice. This report is not an offering or solicitation of an offering to buy or sell the securities mentioned or discussed.

Venture Research, LLC agreed to provide 12 months of research coverage on the American Energy Group, Ltd Company (AEGG.OB OTC Bulletin Board) for the period from March 15, 2005 to March 15, 2006 and has been compensated by the issuer with $7,500 cash and 17,620 common shares. This disclosure is made in compliance with SEC Rule 17b of the Securities Act of 1933. Venture Research, LLC is an independent research and financial consulting firm based in Stamford, CT and New York City. www.claymahaffey.com.