American Energy Resources Drills Seven New Wells

Bessie May Development Result of 3-D Seismic Technology
COLORADO SPRINGS, Colo.--(Business Wire)--
American Energy Resources, an established industry leader in the mid-continent
region for oil and gas exploration and processing, announced today an initiative
to drill and test seven new oil wells in Graham County, Kansas. These prospects
called the Bessie May Development are a result of American Energy Resources
technologically advanced high-resolution 3-D seismic surveying.

"Technology is changing our industry to create more efficient and successful
prospecting," said Donald H. Allen, president and founder of American Energy
Resources. "Our 3-D seismic mapping technology can help us drill smarter which
streamlines our resources and generates better, faster results."

The Bessie May development is a potentially significant field discovery
according to the large seismic structure and surrounding well data. In addition,
the High Hill prospect component of this project has had over 16 million barrels
of oil produced from surrounding wells.

"Our corporate commitment is to shore up one of America`s most precious
resources and drill for American oil from American soil," noted Allen. "We hope
this development will find success and capitalize on the impending increases in
the price of oil."

About American Energy

American Energy Resources is an independently owned and operated oil and gas
company that delivers its investors a mitigated risk environment by drilling in
known productive areas and using the highest level of technology available.
Headquartered in Colorado Springs, Colo., American Energy Resources` oil and gas
exploration ventures have historically focused in the Denver-Julesburg Basin in
Colorado and Nebraska. Recent expansion initiatives include the acquisition of
35,000 acres in seven counties in the Central Kansas Uplift. H&M Petroleum Corp.
is a subsidiary of American Energy Resources and conducts all oilfield
operations in four states. For more information, please visit
www.amerenergy.com.

Volume Public Relations
Craig TerBlanche, 720-529-4850
craig@volumepr.com

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