SOURCE: American Energy Production Inc.

August 15, 2007 14:34 ET

UPDATE: American Energy Production Inc. Announces Webcast Today Regarding June 30, 2007 10-Q

MINERAL WELLS, TX--(Marketwire - August 15, 2007) - American Energy Production Inc. (OTCBB: AMEP) announced today the Company will host a Webcast about the June 30, 2007 10-Q that was released on August 14, 2007.

The Webcast will give shareholders the opportunity to call the Offices of AMEP subsidiary Oil America Group at 972-636-5150 or email jchristopher@oilamericagroup.com to ask questions about the June 30, 2007 10-Q then go to www.oilamericagroup.com to listen to the Webcast. The Board of Directors of AMEP realize that shareholders may have a few questions because this is the first time the Company had to file a consolidated statement with all of the wholly owned subsidiaries.

The only topic that will be addressed on the Webcast will be the discussion about the 10-Q. There will not be enough time to discuss other topics. The time for the Webcast will be 4:00 PM Central time to 5:00 PM August 15, 2007.

Charles Bitters, President of American Energy Production Inc., stated, "This Webcast will give the Company the opportunity to begin communicating with the shareholders on regular basis."

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.

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