-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 KCIWAUMA11xndsUYLhqB0g==

<SEC-DOCUMENT>0001157523-06-011928.txt : 20061205
<SEC-HEADER>0001157523-06-011928.hdr.sgml : 20061205
<ACCEPTANCE-DATETIME>20061205204147
ACCESSION NUMBER:		0001157523-06-011928
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061201
FILED AS OF DATE:		20061205
DATE AS OF CHANGE:		20061205

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN ENERGY GROUP LTD
		CENTRAL INDEX KEY:			0000843212
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870448843
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 489
		STREET 2:		1861 BROWN BLVD,STE 655
		CITY:			SIMONTON
		STATE:			TX
		ZIP:			77476
		BUSINESS PHONE:		2813462652

	MAIL ADDRESS:	
		STREET 1:		PO BOX 489
		CITY:			SIMONTON
		STATE:			TX
		ZIP:			77476

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELIZE AMERICAN CORP INTERNATIONALE
		DATE OF NAME CHANGE:	19941004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIM INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Welser Karl
		CENTRAL INDEX KEY:			0001331558

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26402
		FILM NUMBER:		061258815

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(203) 222-7315

	MAIL ADDRESS:	
		STREET 1:		120 POST ROAD WEST, SUITE 202
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>a5288640_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-12-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000843212</issuerCik>
        <issuerName>AMERICAN ENERGY GROUP LTD</issuerName>
        <issuerTradingSymbol>AEGG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001331558</rptOwnerCik>
            <rptOwnerName>Welser Karl</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1 GORHAM ISLAND, SUITE 303</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-12-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>19000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>278000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Karl Welser</signatureName>
        <signatureDate>2006-12-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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