QualityStocks Wednesday, 05/16/07 01:32:26 PM Re: None Post # of 13 Rated "Aggressive Speculative Buy" RedChip Visibility, a division of RedChip Companies, Inc., reported that it has initiated research on American Energy Group, Ltd. (AEGG.OB). Clay Mahaffey, CFA, RedChip Research Analyst, wrote in the report: “The estimated current fair value is the approximate average of several methods, and the $8.00 price target is in line with the NAV at 20 percent. Although an eight-fold price increase in one to two years seems very speculative, in most cases there are solid reasons this will occur for AEGG. First, the severe current undervaluation is due to several factors: operational delays, legal actions against the Company, very conservative communications policy, lack of awareness in the investing public, etc. The 2005 high of $3.24 was set the day the news came out on the Haseeb No. 1 well and has never recovered for the reasons given. For the most part, each of these problems has now been addressed. An increase from $3 to $8 would not seem unreasonable given the high leverage to new drilling seen with AEGG. We initiate coverage on American Energy Group, Ltd. with an Aggressive Speculative Buy rating.'’ For over 15 years RedChip has been dedicated to “discovering tomorrow’s blue chips today™.” RedChip’s long history of success includes research coverage on Starbucks™, Nike™, MarketWatch.com™, Daktronics™ and many other companies before they were Blue Chips. "Please see the disclaimers on the QualityStocks.net website."