RedChip Visibility Issues Research Update on American Energy Group, Ltd (AEGG.OB)
RedChip Visibility, a division of RedChip Companies, Inc., announced that the company has issued a research update regarding American Energy Group Ltd. ( AEGG.OB). American Energy Group is a leading, non-operating oil and gas company with upside from drilling activities in Pakistan. Clay Mahaffey, CFA of RedChip Research, stated, "In our Initiation Report dated May 15, 2007, I presented a case for an $8.00/share, 24-month target price. Since then the stock has fallen from $1.00 to a low of $0.44/share. This was due to two factors: 1) Failure to meet the assumed near-term catalyst schedule and, 2) Reaction to political…