The purchase by Techno Petroleum has been approved by the Pakistan government.
American Energy owns a gross 18% royalty interest in the Yasin block, which it retained in the sale of its Hycarbex-American Energy subsidiary in November 2003.
Abid Ali, president of Techno Engineering, said: " We are pleased to become a partner with Hycarbex-American Energy,and look forward to developing the Yasin block."
