| American
Exploration Corp. is pursuing an initial
natural gas prospect located in the Gulf
Coast Salt Basin trend. This prospect has
been selected based on numerous factors
assessed by independent geologists, the
Company’s management team and proprietary historical data gained
by the Company.
After a
detailed review of these factors, management
believes that it has developed a
multi-faceted target with potential for
immediate revenues through discovery of one
or possibly several significant natural gas
fairways. American Exploration has signed an
agreement securing lease interest
in approximately 5,000 acres, with an option to acquire
additional interest in surrounding lands.
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