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Friday, 03/16/2007 12:04:42 PM

Friday, March 16, 2007 12:04:42 PM

Post# of 44006
Press Release Source: American Energy Production Inc.

American Energy Production Inc. Announces Results of Proxy Vote to Withdraw from BDC Status
Friday March 16, 11:56 am ET

MINERAL WELLS, Texas--(BUSINESS WIRE)--American Energy Production Inc. ("AMEP") (OTCBB:AMEP - News) announced today that a special meeting of shareholders was held in Mineral Wells, Texas on March 13, 2007 to vote on the proposal to withdraw AMEP's election to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended, and to elect three directors to the board of directors. Shareholders approved all of the proposals during the meeting.


Contact:
American Energy Production Inc.
Charles Bitters, 210-410-8158
www.americanenergyproduction.com
or
Oil America Group Inc.
Joe Christopher, 972-386-0601
jchristopher@oilamericgroup.com

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Source: American Energy Production Inc.


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