UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q/A
                                (Amendment No. 1)

(Mark One)

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT
         OF 1934 For the quarterly period ended September 30, 2008

___      TRANSITION REPORT  UNDER SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT
         OF 1934 For the transition period from _____________ to _______________

                         Commission file number: 0-26402

                         THE AMERICAN ENERGY GROUP, LTD.
             (Exact name of Registrant as specified in its charter)

              Nevada                                         87-0448843
   (State or other jurisdiction of                         (I.R.S. Employer
   incorporation or organization)                        Identification No.)

   1 Gorham Island
      Suite 303
   Westport, Connecticut                                        06880
   (Address of principal executive offices)                   (Zip code)

                                  203-222-7315
               (Registrant's telephone number including area code)

                           ---------------------------

           Securities registered pursuant to Section 12(b) of the Act:

                                      None

           Securities registered pursuant to section 12(g) of the Act:
                     Common Stock, Par Value $.001 Per Share

                           ---------------------------

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No ___

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check  whether the issuer has filed all  documents  and  reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes [X] No ___

                      APPLICABLE ONLY TO CORPORATE ISSUERS

As of November 14, 2008, the number of Common shares outstanding was 30,817,242

       Transitional Small Business Issuer Format (Check one) Yes___ No [X]



                                EXPLANATORY NOTE

           The American Energy Group, Ltd. is filing this Amendment No. 1 on
Form 10-QSB/A (this "Amendment") to its Quarterly Report on Form 10-QSB for the
period ended September 30, 2008, which was originally filed November 14, 2008
(the "Original Filing"), to revise and update the principal officer
certifications in Exhibit 31.1. Except as otherwise stated herein, no other
information contained in the Original Filing has been updated by this Amendment
No. 1, and no disclosures have been updated to reflect events that occurred at a
later date.