Red Chip Features: American Energy Group, Ltd. (AEGG.OB)
American Energy Group was founded in 1987, and is currently headquartered in Westport, Connecticut. The company engages in the acquisition and development of oil and gas assets. It has an 18% overriding royalty interest in the Yasin Concession in Pakistan, and a working interest in an oil and gas lease in Galveston County, Texas. RedChip Research Analyst, Clay Mahaffey, CFA, issued an $8.00 price target stating that although the 800% increase seems very speculative, there are several solid reasons that supports the high target. The company is extremely undervalued because of operational delays, legal actions, and a very conservative communications…