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

                                   Form 10-KSB
   [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

                   For the fiscal year ended December 31, 2002

   [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934

          For the transition period from ____________ to _____________

                        Commission file number 333-52812

                         AMERICAN ENERGY PRODUCTION INC.
                                FORMERLY KNOW AS
                             COMMUNICATENOW.COM INC

                 (Name of small business issuer in its charter)



                  Delaware                             74-2945581
        (State or other jurisdiction        (I.R.S. Employer incorporation
                 organization)                   or Identification No.)


                               310 Kitty Hawk Road
                            Universal City, TX 78148
                    (Address of principal executive offices)
                                   (Zip Code)

                    Issuer's telephone number (210) 566-7327

         Securities registered under Section 12(b) of the Exchange Act:
                              Common Stock, $0.0001

         Securities registered under Section 12(g) of the Exchange Act:
                                      none
                                (Title of Class)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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.         [X] Yes [ ] No

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in  this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]


                                       1



Issuer's revenues for its most recent fiscal year were $0.

The aggregate market value of the voting and non-voting common equity held by
non-affiliates of the registrant as of December 31, 2002 was approximately
$361,642 based on the bid price on the OTC Bulletin Board. Shares held by
non-affiliates were determined using beneficial ownership rules adopted pursuant
to Section 13 of the Exchange Act, and exclude stock owned by directors,
officers and ten percent stockholders, some of which may not be held to be
affiliates upon judicial determination.

The number of shares outstanding of each of the issuer's classes of common
equity as of December 31, 2002 was approximately 42,448,592.

Transitional Small Business Disclosure Format (check one):
Yes No X 

DOCUMENTS INCORPORATED BY REFERENCE

None

FORWARD-LOOKING STATEMENTS

With the exception of historical information, the matters discussed in this
Report on Form 10-KSB include "forward- looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended (the "Securities Act")
and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Forward-looking statements are statements other than historical
information or statements of current condition. Some forward-looking statements
may be identified by the use of the terms "expects," "will," "anticipates,"
"estimates," "believes," "plans" and words of similar meaning. These
forward-looking statements relate to our business plans, programs, trends,
results of future operations, funding of future growth, acquisition plans and
other matters. In light of the risks and uncertainties inherent in all projected
matters, the inclusion of forward-looking statements in this Form 10-KSB should
not be regarded as a representation by us or any other person that our
objectives or plans would be achieved or that operating expectations will be
realized. Revenues and results of operations are difficult to forecast and could
differ materially from those projected in forward-looking statements, such as
statements regarding our belief with respect to the sufficiency of capital
resources, our ability to complete and assimilate acquisitions, and our ability
to compete in business opportunities we choose. Actual results could differ from
those projected in any forward-looking statements for, among others, the
following reasons: (a) increased competition from existing or new competitors;
(b) changes in government regulation ;(c) our failure to manage our growth and
integrate businesses acquired or to be acquired; and (e) our failure to attract
or retain key employees. We do not undertake to update any forward-looking
statements contained herein. For a more complete discussion of these factors and
others, please see "Certain Business Factors" in Item 1 of this report. Readers
are cautioned not to place undue reliance on any forward-looking statements made
herein, or incorporated by reference into this Annual Report on Form 10-KSB or
in any document or statement referring to this Report on Form 10-KSB.

                                     PART I
ITEM 1. BUSINESS

COMPANY OVERVIEW

General. Our company, (F.K.A. CommunicateNow.com Inc.) (the company) was
incorporated on January 31, 2000 under the laws of the state of Delaware and has
elected a fiscal year end of December 31. The Company operated a website
business, Bizfinders.com (www.bizfinders.com) containing a business information
database consisting of names, addresses, and phone numbers of approximately 11
million U.S. businesses. Visitors to this website used a search engine to locate
businesses. Bizfinders was operational in 2001 and revenue was derived from
Internet display advertisements that appeared on the website. CommunicateNow.com
Inc. sales people sold the advertising through point of sale visits. On August
20, 2001 the Board of Directors of American Energy Production, Inc. (F.K.A.
CommunicateNow.com Inc.) committed to a plan to discontinue the Bizfinders unit
of operations that was the only business of the Company. The plan of disposal
includes sale of assets, settlement of liabilities and termination of contracts.
The Company terminated all employees and related employment agreements on August
20, 2001. All operating agreements were allowed to expire without renewal.


                                       2



Our business address is 310 Kitty Hawk Road, Universal City, Texas 78148 and the
telephone number is 210-566-7327.

The Company was incorporated on January 31, 2000 and was in the development
stage until the first quarter of 2001, and the Company ceased all operations in
August 2001. Since August 2001 the Company has been considering various
opportunities to acquire oil and gas leases and production in the United States.
While the Company's focus has been on oil and gas opportunities, the Company is
not limiting itself to this industry and will consider any business operation
that is feasible.

Regulatory Environment

Should the Company be successful in it's efforts to acquire oil and gas leases,
Governmental authorities may impose obstacles to the production and sale of oil
and gas through laws or regulations. Tax and energy legislation may be enacted,
the total effect of which is unknown. Various types of mineral properties have
come under attack in certain areas because of their potential impact upon the
surrounding environment. Therefore, leases or production in which the Company
may have an interest could be adversely affected by either governmental
regulations or private litigation involving such environmental concerns. The
Company is not able to predict the outcome of such controls, regulations or
laws.

Current Operations

The Company has not operated a business since the Director's made the decision
to cease Bizfinders operations in August of 2001. Since August the company has
been actively seeking oil and gas leases for acquisition and operation.

PRODUCTS AND SERVICES

The Company has no product or services at this time.

CUSTOMERS

SALES AND MARKETING

The Company is no longer engaged in sales and marketing efforts.

OPERATIONS AND MERCHANDISING

Currently there are no operations or merchandising activities.

INTELLECTUAL PROPERTY

In general, we do not believe that our intellectual property is material to our
ability to acquire oil and gas leases. Because we discontinued Bizfinders
operations and because our software has no alternative use our software and
intellectual property associated with it is impaired and we have recognized an
impairment loss of $138,889.

ACQUISITIONS

To take advantage of existing market opportunities and execute our strategy,
from time to time we will enter discussions with independent oil and gas
operators and related companies regarding potential acquisitions. As a
fundamental principle, we are committed to acquiring well-performing oil and gas
properties in the United States.


                                       3



American Energy Production Inc. completed the purchase of substantially all of
the oil and gas leases and oilfield equipment owned by Proco Operating Co. Inc.,
a Texas oil and gas operator. The transaction was completed on February 20, 2003
with the signing of a convertible $2,000,000 note, bearing interest at 6% with a
maturity date of 2008.

In evaluating a oil or gas property for potential acquisition, we consider 1)
historical financial statements and tax returns, 2) operational data, 3)
management and employee information, 4) material contracts, including customer
and vendor contracts, 5) financing arrangements, 6) regulatory information and
7) litigation history. To assess the reasonableness of the purchase price
offered by a seller in connection with a particular acquisition, we also
consider the availability and terms of owner financing, including the rate of
return and payback period.

Once we acquire a business, we seek to implement our business model by focusing
on recovery operations, improving fundamental business processes and increasing
individual well production and profitability.

COMPETITION

The oil and gas operation business is highly competitive. Additionally, the oil
and gas industry is rapidly evolving, and therefore intensely competitive. Our
competitors can be divided into several groups: (i) small Independent operators,
(ii) mom and pop operations (iii) large corporations like Enron or Exxon (iv)
and the OPEC countries.

We believe that we will compete primarily on the basis of: (i) Focus on
individual well production increase, (ii) implementation of the latest
technologies to improve production, (iii) a marketing campaign centered on the
concept of America's goal of energy independence.

We believe that many of our competitors have longer operating histories, greater
name recognition, and significantly greater financial, marketing and other
resources. Some of our competitors may be able to secure oil and gas properties
on more favorable terms. Furthermore, many of our competitors can devote
substantially more resources to their oil and gas operations/development.

EMPLOYEES

As of December 31, 2002, we had no paid employees and only one officer/director.

CERTAIN BUSINESS FACTORS

We depend on acquisitions for growth

All of our revenue and profit growth will depend on our ability to complete and
assimilate acquired businesses. Our ability to acquire oil and gas properties
will depend on a number of factors, such as the availability of attractive
target properties, the availability of financing, and market factors that may
limit our ability to use our stock for acquisitions. In addition, we compete for
acquisition candidates with buyers who have greater resources and may be able to
offer more consideration to acquisition candidates. If we are unable to acquire
suitable properties, our ability to expand our operations and execute our
business strategy will be adversely affected.

We must integrate our acquired businesses

We are dependent on our ability to attract and retain key management and
technical personnel

Our success depends to a significant extent on our ability to attract and retain
key personnel. In particular, we are dependent on our senior management and his
experience in the oil and gas industry.


                                       4



We are subject to changes in government regulations

Our common stock trades infrequently and our stock price may be volatile

We cannot ensure that an active trading market for our common stock exists or
will exist in the future. Even if the trading market for our common stock
exists, the price at which the shares of common stock trade is likely to be
subject to significant volatility. The market for our common stock may be
influenced by many factors, including the depth and liquidity of the market for
our common stock, investor perceptions of us, and general economic and similar
conditions.

Our common stock is subject to the "penny stock" rules

Our common stock currently trades on the OTC Bulletin Board. Therefore, we
cannot provide any assurances that a liquid trading market will exist at the
time any investor desires to dispose of any shares of our common stock. In
addition, our common stock is subject to the so-called "penny stock" rules that
impose additional sales practice requirements on broker-dealers who sell such
securities to persons other than established customers and accredited investors
(generally defined as an investor with a net worth in excess of $1 million or
annual income exceeding $200,000 or $300,000 together with a spouse). For
transactions covered by the penny stock rules, a broker-dealer must make a
suitability determination for the purchaser and must have received the
purchaser's written consent to the transaction prior to sale. Consequently, both
the ability of a broker-seller to sell our common stock and the ability of
holders of our common stock to sell their securities in the secondary market may
be adversely affected. The Securities and Exchange Commission has adopted
regulations that define a "penny stock" to be an equity security that has a
market price of less than $5.00 per share, subject to certain exceptions. For
any transaction involving a penny stock, unless exempt, the rules require the
delivery, prior to the transaction, of a disclosure schedule relating to the
penny stock market. The broker-dealer must disclose the commissions payable to
both the broker-dealer and the registered representative, current quotations for
the securities and, if the broker-dealer is to sell the securities as a market
maker, the broker-dealer must disclose this fact and the broker-dealer's
presumed control over the market. Finally, monthly statements must be sent
disclosing recent price information for the penny stock held in the account and
information on the limited market in penny stocks. As a result of the additional
suitability requirements and disclosure requirements imposed by the "penny
stock" rules, an investor may find it more difficult to dispose of our common
stock.

We do not anticipate paying any dividends

We do not plan to pay any dividends in the near future, and plan to invest
available cash in acquiring new businesses and growing existing businesses. In
addition, our senior credit facility prohibits the payment of any dividends.

ITEM 2. PROPERTY

We maintain our corporate offices in a Universal City, Texas, building on Kitty
Hawk Road. We currently do not have a lease on this office space and we are not
paying rent on this space. It is being provided to the Company by our
officer/director free of charge. We expect we will have to lease more
substantial office space later this year and that the cost of the space may be
material to our operations.

ITEM 3. LEGAL PROCEEDINGS

The Company is subject to various lawsuits and unasserted claims from vendors
for non-payment of accounts payable plus related legal fees. excluding legal
fees, which cannot be estimated. The Company has included all amounts in its
accounts payable at December 31, 2002 including two judgments for approximately
$ 23,600.00, one to a former officer in the approximate amount of $8,600 and
one to VVM Media in the approximate amount of $ 6,500 and one to Lamar
Advertising in the approximate amount of $8,500.

The Company is subject to a lawsuit from one shareholder who invested $100,000
in the Company for 100,000 common shares of our stock during a private
placement. The Company will vigoursly defend this lawsuit and believes there are
no merits for this lawsuit, and a favorable ruling for the Company is expected.


                                       5



The Company has included $37,341 of unpaid Federal payroll taxes and employee
withholding and related penalties and interest in its accrued expenses and this
amount is subject to IRS liens on the companies assets.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the fourth quarter of fiscal 2002, we did not submit any matters to a
vote of our security holders.

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MARKET FOR COMMON STOCK

We have only one class of outstanding shares, common stock, $.0001 par value,
that is traded on the OTC Bulletin Board. Each share ranks equally as to
dividends, voting rights, participation in assets on winding-up and in all other
respects. No shares have been or will be issued subject to call or assessment.
There are no preemptive rights, provisions for redemption or purpose for either
cancellation or surrender or provisions for sinking or purchase funds. The
Company's Common Stock is currently traded on the OTC Bulletin Board under the
symbol "AMEP".

MARKET PRICES OF OUR COMMON STOCK

The following table sets forth for the fiscal periods indicated the high and low
closing sales price per share of our Common Stock as reported on the OTC
Bulletin Board. The market quotations presented reflect inter-dealer prices,
without retail mark-up, mark-down or commissions and may not necessarily reflect
actual transactions.

COMMON STOCK
CLOSING PRICES
                                HIGH       LOW
                             (Approximate values)
FISCAL 2002
     First Quarter              $0.03     $0.03
     Second Quarter             $0.03     $0.40
     Third Quarter              $0.15     $0.05
     Fourth Quarter             $0.04     $0.02


The closing price for the Company Common Stock on December 31, 2002 as reported
on the OTC Bulletin Board was $0.02.

STOCKHOLDERS

As of December 31, 2002 there were 298 holders of record of the common stock
according to the records maintained by our transfer agent. As of December 31,
2002 we had approximately 494 stockholders, including beneficial owners holding
shares in street or nominee names.

DIVIDENDS

American Energy Production Inc. authorized a one for five restricted stock
dividend for holders of common stock as of August 16, 2002, during our most
recent fiscal year.  The stock dividend shares will be restricted until August
16, 2003.


                                       6
ITEM VI.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

With the exception of historical information, the matters discussed in this
Report on Form 10-KSB include "forward- looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended (the "Securities Act")
and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Forward-looking statements are statements other than historical
information or statements of current condition. Some forward-looking statements
may be identified by the use of the terms "expects," "will," "anticipates,"
"estimates," "believes," "plans" and words of similar meaning. These
forward-looking statements relate to our business plans, programs, trends,
results of future operations, funding of future growth, acquisition plans and
other matters. In light of the risks and uncertainties inherent in all projected
matters, the inclusion of forward-looking statements in this Form 10-KSB should
not be regarded as a representation by us or any other person that our
objectives or plans would be achieved or that operating expectations will be
realized. Revenues and results of operations are difficult to forecast and could
differ materially from those projected in forward-looking statements, such as
statements regarding our belief with respect to the sufficiency of capital
resources, our ability to complete and assimilate acquisitions, and our ability
to compete in business opportunities we choose. Actual results could differ from
those projected in any forward-looking statements for, among others, the
following reasons: (a) increased competition from existing or new competitors;
(b) changes in government regulation ;(c) our failure to manage our growth and
integrate businesses acquired or to be acquired; and (e) our failure to attract
or retain key employees. We do not undertake to update any forward-looking
statements contained herein. For a more complete discussion of these factors and
others, please see "Certain Business Factors" in Item 1 of this report. Readers
are cautioned not to place undue reliance on any forward-looking statements made
herein, or incorporated by reference into this Annual Report on Form 10-KSB or
in any document or statement referring to this Report on Form 10-KSB.

RESULTS OF OPERATIONS

Revenues. For the Year ended December 31, 2002 the Company had total revenues of
$4,000. The company ceased all operations of its only business unit, Bizfinders
in August of 2001 and therefore revenue ceased. There has been $0 revenue for
the 2002 year as compared to $97,601 in revenue for 2001.

Operating Expenses. For the year ended December 31, 2002 the Company had total
operating loss of $(2,726,077) of which $2,696,355 relates to stock based
compensation, consulting and legal fees from the S-8 Employee Benefit Plan that
was completed on May 25, 2002 as compared to a operating loss of $(2,393,947) in
2001. This S-8 stock was issued for compensation, consulting and legal services.
The $250,000 for compensation in 2002 was given to the sole officer and director
of the Company in the form of 1,000,000 shares of S-8 stock in the 2002 Employee
Benefit Plan. The consulting expenses for the year 2002 was $(2,335,938) as
compared to a operating expense of $(954,735) in 2001. This expense occurred as a
result of stock issued to various consultants under the 2002 S-8 Employment
Benefit Plan. The general and administrative expense of $366 in 2002 was for
bank related expenses compared to $692,096 in 2001. The main difference in these
numbers is due to the sole officer and director not receiving a salary or
monetary compensation for his de minimus services and he also furnishing office
space, telephones computers, faxes and also pay his own travel expenses at $0.
cost to the company. For the year 2002 the company had legal fees of $110,418 as
compared to $0. in 2001. These legal expenses were related to issuance of S-8
shares in the 2002 Employee Benefit Plan for legal services required by the
company in 2002. For the year 2002 the company has professional fees of $29,356
compared to $0., professional fees in 2001. These fees were paid for accounting
and stock transfer fees.

The company had other income totaling $4,000 from the sale of furniture and
equipment in 2002.  The company used the proceeds to settle a long-term lease on
the company offices in Temple, Texas.

For the year 2002 the company had interest in 2002 was $38,102 from Band and
Lender lines of credit as compared to Bank and Lender interest of $27,559 in
2001.

Material Trends or Events:

On May 25, 2002 the Company filed a 12,500,000 share S-8 stock registration with
the SEC for a Employee Benefit Plan.  In 2002 12,225,000 S-8 shares were
distributed to consultants, advisors and employees.  The 2002 Employee Benefit
plan was canceled on January 23, 2003.

On January 25, 2003 the Company filed a 25,000,000 share S-8 stock registration
with the SEC for a Employee Benefit Plan.  The shares will be distributed to
consultants, advisors and employees during calendar year 2003

It is the Company's plan under the direction of Charles Bitters to develop other
business opportunities in the oil and gas lease arena. There can be no assurance
that the company will be able to remain in business or that Mr. Bitters will be
successful in his efforts to develop other business opportunities.

On February 20, 2003 the Company completed a purchase of substantially all of
the oil and gas leases and oilfield equipment owned by Proco Operating Co, Inc.,
a Texas oil and gas operator for a $2,000,000 convertible note payable in 2007.
The Company with the assistance of a third party will try a re-completion of a
existing well in the Barnett Shale formation that has been successfully produced
in Wise County, Texas about 100 miles north of the Proco property.


                                       7


Liquidity and Capital Resources:

As of December 31, 2002 the company had limited cash resources of approximately
$0. This cash is insufficient to fund operations and the company is seeking
additional financing from financial institutions or other sources. The company
believes it will be able to secure financing as needed to implement it's plan to
acquire oil and gas properties, however than can be no assurance the company
will be able to survive.

Material Seasonal Aspects:

The Company has not identified any seasonal aspects that would have a material
effect on our ability to maintain our current efforts to acquire oil and gas
properties.


ITEM 7. FINANCIAL STATEMENTS

The financial statements required by this Item are set forth beginning on page
hereof.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

Not applicable.

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16(a) OF THE EXCHANGE ACT

In an emergency meeting of the Board of Directors held on January 1, 2002,
Charles Bitters was appointed to serve as Director, Corporation Secretary and
Vice President of Operations/Marketing. On January 15, 2002, Jackie Winkler, a
Director resigned, leaving Charles Bitters the Sole Director, Secretary and
Officer. When the Directors were appointed to serve each Director was offered
125,000 share options at a price of $1.00/share. Because all of the Company
Directors resigned, all of the options expired. Bill Elliott, former Director
owns 10,000 shares of our stock. Randal LeBlanc former Director did not own any
common stock in our company. John C. Winkler former Director owns 860,000 or
3.7% of our stock. David Hancock former President, Chairman of the Board owns
8,067,060 shares or 19.00% of our stock. Charles Bitters current President of
Operations owns 1,219,600 shares or 2.873% of our stock. Charles Bitters is the
father of Amanda Bitters, Sole Director and Officer of Daambr Production
Corporation, which owns 10,908,000 shares or 25.696% of our stock.


                                       8
ITEM 10. EXECUTIVE COMPENSATION

Charles Bitters the current President is not receiving any monetary compensation
at this time from the Company. However. Mr. Bitters received 1,000,000 shares of
AMEP in the American Energy Production Inc. 2002 Employee Benefit Plan.


ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

David Hancock former President and Chairman of the Board     8,067,060 shares or 19.00%
Daambr Production Corporation                               10,908,000 shares or 25.696%
Charles Bitters current President                            1,219,600 shares or  2.873%


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

As of December 31, 2002 there were no related transactions.

ITEM 13. EXHIBITS AND REPORTS

(a) Exhibits.

The following exhibits are filed as a part of, or incorporated by reference
into, this Annual Report on Form 10- K:


2.1
2.2
2.3
2.4
2.5


                                       9
SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned; thereunto duly
authorized, on April 30, 2003.

                                                  American Energy Productions Inc.
                                                  (F.K.A. CommunicateNow.com Inc,)
                                                  A Delaware corporation




                                                  By:  /s/ Charles Bitters
                                                   -----------------------------
                                                  Name:    Charles Bitters
                                                  Title:   President Secretary
                                                           and Sole Director




In accordance with the Exchange Act, the following persons on behalf of the
Registrant and in the capacities indicated have signed this report on the 30th
day of April, 2003.



Signature                           Title                     Date

/s/ Charles Bitters
------------------------        President/Sole               April 30, 2003
Charles Bitters                 Director, Secretary



                                       10





                                 CERTIFICATIONS

I, Charles Bitters, certify that:

1.   I have reviewed this annual report on Form 10-KSB of American Energy
     Production Inc;

2.   Based on my knowledge, this annual report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this annually report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this annual report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     annually  report;

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

        (a)   designed such disclosure controls and procedures to ensure that
              material information relating to the registrant is made known to
              us by others, particularly during the period in which this
              annually  report is being prepared;
        (b)   evaluated the effectiveness of the registrant's disclosure
              controls and procedures as of a date within 90 days prior to the
              filing date of this annually  report (the Evaluation Date); and
        (c)   presented in this annually  report our conclusions about the
              effectiveness of the disclosure controls and procedures based on
              our evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors;

        (a)   all significant deficiencies in the design or operation of
              internal controls which could adversely affect the registrant's
              ability to record, process, summarize and report financial data
              and have identified for the registrant's auditors any material
              weaknesses in internal controls; and
        (b)   any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal controls; and

6.   The registrant's other certifying officer and I have indicated in this
     annual  report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: April 30, 2003

/s/ Charles Bitters
    Charles Bitters

    Chief Executive Officer


                                       11






                                 CERTIFICATIONS


I, Charles Bitters, certify that:

1.   I have reviewed this annual report on Form 10-KSB of American Energy
     Production Inc;

2.   Based on my knowledge, this annual report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this annually  report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this annual report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     annually  report;

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

        (a)   designed such disclosure controls and procedures to ensure that
              material information relating to the registrant is made known to
              us by others, particularly during the period in which this
              annually  report is being prepared;
        (b)   evaluated the effectiveness of the registrant's disclosure
              controls and procedures as of a date within 90 days prior to the
              filing date of this annually  report (the Evaluation Date); and
        (c)   presented in this annually  report our conclusions about the
              effectiveness of the disclosure controls and procedures based on
              our evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors;

        (a)   all significant deficiencies in the design or operation of
              internal controls which could adversely affect the registrant's
              ability to record, process, summarize and report financial data
              and have identified for the registrant's auditors any material
              weaknesses in internal controls; and
        (b)   any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal controls; and

6.   The registrant's other certifying officer and I have indicated in this
     annual  report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: April 30, 2003

/s/ Charles Bitters
    Charles Bitters

    Chief Financial Officer

                                       12

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)

                              Financial Statements

                                December 31, 2002




                                       13







                        American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)

                                    Contents


                                                                          Page(s)

   Independent Auditors' Report                                              F-1

   Balance Sheet                                                             F-2

   Statements of Operations                                                  F-3

   Statements of Changes in Stockholders' Deficiency                         F-4

   Statements of Cash Flows                                            F-5 - F-6

   Notes to Financial Statements                                      F-7 - F-17




                                       14

Independent Auditors' Report


To the Board of Directors of:
   American Energy Production, Inc.
   (F/K/A Communicate Now.Com, Inc.)


We have audited the accompanying balance sheet of American Energy Production,
Inc. (F/K/A Communicate Now.Com, Inc.) as of December 31, 2002 and the related
statements of operations, changes in stockholders' deficiency and cash flows for
the years ended December 31, 2002 and 2001. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly in all
material respects, the financial position of American Energy Production, Inc.
(F/K/A Communicate Now.Com, Inc.) as of December 31, 2002, and the results of
its operations and its cash flows for the years ended December 31, 2002 and
2001, in conformity with accounting principles generally accepted in the United
States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 11 to the
financial statements, the Company has ceased operations, liquidated
substantially all assets, and is in default on certain related party notes
payable, a lease payable, and on certain notes payable to banks. The Company has
a net loss of $2,770,129 and net cash used in operations of $11,047 in 2002 and
a working capital deficiency of $847,751 an accumulated deficit of $9,131,850
and a stockholders' deficiency of $847,751 at December 31, 2002. In addition,
the Company has discontinued operations and is currently inactive. These matters
raise substantial doubt about its ability to continue as a going concern.
Management's Plan in regards to this matter is also described in Note 11. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.






SALBERG & COMPANY, P.A.
Boca Raton, Florida
April 25, 2003


                                      F-1

American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                                 Balance Sheets
                 For the Years Ended December 31, 2002 and 2001



                                     ASSETS

Current Assets
Cash                                                             $      -
                                                                 ----------

Total Current Assets                                                    -
                                                                 ----------




                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities

Cash overdraft                                                   $   6,726
Accounts payable                                                   240,788

Accrued interest payable                                            43,919

Accrued payroll taxes and penalties                                 44,784

Lease payable                                                       18,353

Notes payable to banks                                              61,357

Loan payable - officer                                              20,328
Notes payable - related party                                      411,496
                                                                 ----------
Total Current Liabilities                                          847,751
                                                                 ----------

Stockholders' Deficiency
Common stock, $0.0001 par value, 100,000,000 shares authorized
    42,448,592 shares issued and outstanding                         4,245
Additional paid in capital                                       8,639,750
Accumulated deficit                                             (9,131,850)
                                                                 ----------
                                                                  (487,855)
Less: deferred legal and consulting expense                       (359,896)
                                                                 ----------
Total Stockholders' Deficiency                                    (847,751)
                                                                 ----------

Total Liabilities and Stockholders' Deficiency                   $      -
                                                                 ==========

                 See accompanying notes to financial statements


                                      F-2

American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                            Statements of Operations
                 For the Years Ended December 31, 2002 and 2001

                                                       2002          2001
                                                   -----------    -----------

Total Revenues                                     $        -     $    97,601
                                                   -----------    -----------

Operating Expenses
Compensation                                           250,000        424,527
Consulting                                           2,335,938        954,735
Depreciation and amortization                               -          96,826
General and administrative                                 366        692,096
Bad debt                                                    -          22,971
Impairment loss                                             -         248,695
Loss on sale of assets                                      -          50,798
Legal fees                                             110,418             -
Professional fees                                       29,355             -
                                                   -----------    -----------
Total Operating Expenses                             2,726,077      2,490,648
                                                   -----------    -----------

Loss from Operations                                (2,726,077)    (2,393,047)
                                                   -----------    -----------

Other Income (Expenses)
Interest income                                             -             729
Other income                                             4,000            670
Interest expense                                       (38,102)       (27,559)
Payroll tax interest and penalties                      (5,950)            -
Loss on settlement                                      (4,000)            -
                                                    -----------    -----------
Total Other Income (Expense), net                      (44,052)       (26,160)
                                                    -----------    -----------

Net Loss                                            $(2,770,129)   $(2,419,207)
                                                    ===========    ===========

Net Loss Per Share - Basic and Diluted              $     (0.07)   $     (0.08)
                                                    ===========    ============

Weighted average number of shares outstanding
     during the year - basic and diluted             37,458,105      30,087,762
                                                    ===========    ============


                 See accompanying notes to financial statements

                                      F-3

American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                Statements of Changes in Stockholders' Deficiency
                 For the Years Ended December 31, 2002 and 2001


                                                                                    Deferred
                                      Common Stock        Additional                Legal and
                                 ----------------------   Paid - in   Accumulated  Consulting
                                   Shares      Amount      Capital     Deficit      Expense      Total
                                 ----------  ----------   ----------  ----------  ----------  ----------
Balance, December 31, 2000       22,998,820  $    2,300   $2,991,520  $(1,678,590)$ (628,261) $  686,969


Amortization of deferred
   consulting expense                    -           -            -            -     628,261     628,261


Common stock issued for services
   to employee                       25,000           3       49,997           -          -       50,000


Common stock issued for services
   to vendor                        125,000          12      174,988           -          -      175,000

Common stock paid to vendor by
   stockholder                           -           -       105,000           -          -      105,000

Net loss, 2001                           -           -            -    (2,419,207)        -   (2,419,207)
                                 ----------  ----------   ----------  ----------  ----------  ----------


Balance, December 31, 2001       23,148,820       2,315    3,321,505   (4,097,797)        -     (773,977)


Issuance of stock for
   compensation                   1,000,000         100      249,900           -          -      250,000


Issuance of stock for
   consulting                    11,225,000       1,123    2,805,128           -    (359,896)  2,446,355


Issuance of stock related to
   20% stock dividend             7,074,764         707    2,263,217   (2,263,924)        -           -

Net loss, 2002
                                         -           -            -    (2,770,129)        -   (2,770,129)
                                 ----------  ----------   ----------  ----------  ----------  ----------


Balance, December 31, 2002       42,448,584   $   4,245   $8,639,750  $(9,131,850)$ (359,896) $ (847,751)
                                 ==========  ==========   ==========  ==========  ==========  ==========


                 See accompanying notes to financial statements

                                      F-4

American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                            Statements of Cash Flows
                 For the Years Ended December 31, 2002 and 2001



                                                             2002             2001
                                                         ------------     ------------
Cash Flows from Operating Activities:
Net loss                                                 $ (2,770,129)    $ (2,419,207)
Adjustments to reconcile net loss to net cash used in
      operating activities:
Depreciation and amortization                                      -            96,826
Stock issued for services                                   2,696,356          958,261
Loss on sale of assets                                             -            50,798
Impairment loss                                                    -           248,695
Changes in operating assets and liabilities:
(Increase) decrease in:
Accounts receivable                                                -             2,124
Employee advances                                                  -             6,100
Prepaid expenses                                                   -             1,000
Increase (decrease) in:
Accounts payable                                               19,952          193,318
Accrued interest payable                                       36,824               -
Accrued payroll taxes payable                                   5,950               -
                                                         ------------     ------------
Net Cash Used in Operating Activities                         (11,047)        (862,085)
                                                         ------------     ------------

Cash Flows from Investing Activities:
Purchase of property and equipment                                 -          (145,102)
Proceeds from sale of property and equipment                       -            15,350
                                                         ------------     ------------
Net Cash Used in Investing Activities                              -          (129,752)
                                                         ------------     ------------

Cash Flows from Financing Activities:
Cash overdraft                                                    526            6,200
Borrowings from bank                                               -           118,496
Borrowings from related parties                                10,481          404,342
Payments on lease obligation                                       -            (2,885)
                                                         ------------     ------------
Net Cash Provided by Financing Activities                      11,007          526,153
                                                         ------------     ------------

Net Decrease in Cash                                     $        (40)    $   (465,684)

Cash and cash equivalents at Beginning of Year                     40          465,724
                                                         ------------     ------------

Cash at End of Year                                      $         -      $         40
                                                         ============     ============

Supplemental disclosure of cash flow information:

     Cash paid during the year for interest              $         25     $      5,536
                                                         ============     ============

                 See accompanying notes to financial statements

During the year ended December 31, 2002, the Company issued 11,225,000 shares of
common stock having a fair value of $2,806,250 in exchange for legal and
consulting services. (See Note 9)

During the year ended December 31, 2002, the Company issued 1,000,000 shares of
common stock having a fair value of $250,000 in exchange for compensation of a
corporate officer. (See Notes 8 and 9)

During the year ended December 31, 2002, the Company declared a 20% stock
divided totaling 7,074,764 shares and having a fair value of $2,263,924. (See
Note 9)

                                      F-5

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002



Note 1  Summary of Significant Accounting Policies and Organization

         (A) Nature of Business and Summary of Significant Accounting Policies

         American Energy Production, Inc. f/k/a Communicate Now.com, Inc. (the
         "Company") was incorporated on January 31, 2000 under the laws of the
         State of Delaware and has elected a fiscal year end of December 31.

         The Company operated a website, www.bizfinders.com, containing a
         business information database consisting of names, addresses, and phone
         numbers of approximately 11 million United States businesses. Visitors
         to this website used a search engine to locate businesses. The website
         became operational on November 1, 2000. Revenue was derived from
         Internet display advertisements that appeared on the website, which
         were developed at point-of-sale visits by the Company's sale
         representatives to customer sites.

         The Company left the development stage in the first quarter of 2001. In
         August 2001, the Company ceased all operations. On August 20, 2001 (the
         "Measurement Date"), the Company's Board of Directors committed to a
         plan to discontinue the Bizfinders unit of operations, which was the
         only business of the Company. The plan of disposal includes sale of
         assets, settlement of liabilities and termination of contracts.
         Accordingly, the statement of operations represents all activity from
         discontinued operations. The Company terminated all employees and
         related employment agreements. Other operating agreements were allowed
         to lapse without renewal. All known costs of discontinued operations
         had been accrued as of December 31, 2001.

         On July 15, 2002, the Company changed its corporate name to American
         Energy Production, Inc.

         The Company is investigating new business opportunities and seeking
         additional funding. In addition, the Company acquired assets of an
         operating company in February 2003. (See Note 11)

         (B) Use of Estimates

         In preparing financial statements, management is required to make
         estimates and assumptions that affect the reported amounts of assets
         and liabilities and disclosure of contingent assets and liabilities at
         the date of the financial statements, revenues, and expenses during the
         reported period. Actual results may differ from these estimates.
         Significant estimates as of December 31, 2002 include valuation of
         stock issued for services and the valuation allowance for deferred tax
         assets.

         (C) Cash Equivalents

         For the purpose of the cash flow statement, the Company considers all
         highly liquid  investments with original maturities of three months or
         less at the time of purchase to be cash equivalents.

                                      F-6

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002


         (D) Property and Equipment

         Property and equipment were stated at cost, less accumulated
         depreciation. All property and equipment was written off as impaired as
         of December 31, 2001. (See Note 3) Depreciation was provided using the
         straight-line method over the estimated useful lives of the assets of
         five to seven years.

         (E) Software Development Costs

         In accordance with EITF Issue No. 00-2, the Company accounts for its
         website advertisement development software in accordance with Statement
         of Position No. 98-1 "Accounting for the Costs of Computer Software
         Developed or Obtained for Internal Use" ("SOP 98-1").

         SOP 98-1 requires the expensing of all costs of the preliminary project
         stage and the training and application maintenance stage and the
         capitalization of all internal or external direct costs incurred during
         the application development stage. The Company amortizes the
         capitalized cost of software developed or obtained for internal use
         over an estimated life of three years.

         Internal use software license fees paid to third parties are charged to
         operations as incurred.

         (F) Long-Lived Assets

         The Company reviews long-lived assets and certain identifiable assets
         related to those assets for impairment whenever circumstances and
         situations change such that there is an indication that the carrying
         amounts may not be recoverable. If the non-discounted future cash flows
         of the enterprise are less than their carrying amount, their carrying
         amounts are reduced to fair value and an impairment loss is recognized.

         (G) Revenue Recognition

         The Company records advertisement sales at the time of the contract as
         accounts receivable and a deferred revenue liability. Revenues are
         recognized over the one-year contract period as earned. The Company
         ceased operations in August 2001.

         (H) Advertising

         In accordance with Accounting Standards Executive Committee Statement
         of Position 93-7, ("SOP 93-7") costs incurred for producing and
         communicating advertising of the Company, are charged to operations as
         incurred. Advertising costs for the year ended December 31, 2002 and
         2001 was $0 and $133,428, respectively.

         (I) Stock-Based Compensation

         The Company accounts for stock options issued to employees in
         accordance with the provisions of Accounting Principles Board ("APB")
         Opinion No. 25, "Accounting for Stock Issued to Employees," and related
         interpretations. As such, compensation cost is measured on the date of
         grant as the excess of the current market price of the underlying stock
         over the exercise price. Such compensation amounts are amortized over
         the respective vesting periods of the option grant. The Company adopted
         the disclosure provisions of SFAS No. 123, "Accounting for Stock-Based
         Compensation" and SFAS No. 148, "Accounting for Stock Based
         Compensation-Transition and Disclosure," which permits entities to
         provide pro forma net income (loss) and pro forma earnings (loss) per
         share disclosures for employee stock option grants as if the fair-
         valued based method defined in SFAS No. 123 had been applied.

                                      F-7

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002



         The Company accounts for stock options issued to non-employees for
         goods or services in accordance with SFAS 123.

         (J) Income Taxes

         The Company accounts for income taxes under the Financial Accounting
         Standards Board Statement of Financial Accounting Standards No. 109
         "Accounting for Income Taxes" ("Statement 109"). Under Statement 109,
         deferred tax assets and liabilities are recognized for the future tax
         consequences attributable to differences between the financial
         statement carrying amounts of existing assets and liabilities and their
         respective tax bases. Deferred tax assets and liabilities are measured
         using enacted tax rates expected to apply to taxable income in the
         years in which those temporary differences are expected to be recovered
         or settled. Under Statement 109, the effect on deferred tax assets and
         liabilities of a change in tax rates is recognized in income in the
         period, which includes the enactment date.

         (K) Net Loss Per Common Share

         Basic net income (loss) per common share (Basic EPS) excludes dilution
         and is computed by dividing net income (loss) by the weighted average
         number of common shares outstanding during the year. Diluted net income
         per share (Diluted EPS) reflects the potential dilution that could
         occur if stock options or other contracts to issue common stock, such
         as convertible notes, were exercised or converted into common stock. At
         December 31, 2002, there were no common stock equivalents outstanding,
         which may dilute future earnings per share.

         (L) Fair Value of Financial Instruments

         Statement of Financial Accounting Standards No. 107, "Disclosures about
         Fair Value of Financial Instruments," requires disclosures of
         information about the fair value of certain financial instruments for
         which it is practicable to estimate that value. For purposes of this
         disclosure, the fair value of a financial instrument is the amount at
         which the instrument could be exchanged in a current transaction
         between willing parties, other than in a forced sale or liquidation.

         The carrying amounts of the Company's short-term financial instruments,
         including accounts payable, accrued and other liabilities, and notes
         payable, approximate fair value due to the relatively short period to
         maturity for these instruments.

                                      F-8

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002

         (M) New Accounting Pronouncements

         The Financial Accounting Standards Board has recently issued several
         new accounting pronouncements, which may apply, to the Company.

         Statement No. 141 "Business Combinations" establishes revised standards
         for accounting for business combinations. Specifically, the statement
         eliminates the pooling method, provides new guidance for recognizing
         intangible assets arising in a business combination, and calls for
         disclosure of considerably more information about a business
         combination. This statement is effective for business combinations
         initiated on or after July 1, 2001. The adoption of this pronouncement
         on July 1, 2001 did not have a material effect on the Company's
         financial position, results of operations or liquidity.

         Statement No. 142 "Goodwill and Other Intangible Assets" provides new
         guidance concerning the accounting for the acquisition of intangibles,
         except those acquired in a business combination, which is subject to
         SFAS 141, and the manner in which intangibles and goodwill should be
         accounted for subsequent to their initial recognition. Generally,
         intangible assets with indefinite lives, and goodwill, are no longer
         amortized; they are carried at lower of cost or market and subject to
         annual impairment evaluation, or interim impairment evaluation if an
         interim triggering event occurs, using a new fair market value method.
         Intangible assets with finite lives are amortized over those lives,
         with no stipulated maximum, and an impairment test is performed only
         when a triggering event occurs. This statement is effective for all
         fiscal years beginning after December 15, 2001. The Company believes
         that the future implementation of SFAS 142 on January 1, 2002 will not
         have a material effect on the Company's financial position, results of
         operations or liquidity.

         Statement No. 143, "Accounting for Asset Retirement Obligations."
         requires entities to record the fair value of a liability for an asset
         retirement obligation in the period in which it is incurred. When the
         liability is initially recorded, the entity capitalizes a cost by
         increasing the carrying amount of the related long-lived asset. Over
         time, the liability is accreted to its present value each period, and
         the capitalized cost is depreciated over the useful life of the related
         asset. Upon settlement of the liability, an entity either settles the
         obligation for its recorded amount or incurs a gain or loss upon
         settlement. The standard is effective for fiscal years beginning after
         June 15, 2002. The adoption of SFAS No. 143 is not expected to have a
         material effect on the Company's financial position, results of
         operations or liquidity.

                                      F-9

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002


         Statement No. 144 "Accounting for the Impairment or Disposal of Long-
         Lived Assets" supercedes Statement No. 121 "Accounting for the
         Impairment of Long-Lived Assets and for Long-Lived Assets to be
         Disposed of" ("SFAS 121"). Though it retains the basic requirements of
         SFAS 121 regarding when and how to measure an impairment loss, SFAS 144
         provides additional implementation guidance. SFAS 144 excludes goodwill
         and intangibles not being amortized among other exclusions. SFAS 144
         also supercedes the provisions of APB 30, "Reporting the Results of
         Operations," pertaining to discontinued operations. Separate reporting
         of a discontinued operation is still required, but SFAS 144 expands the
         presentation to include a component of an entity, rather than strictly
         a business segment as defined in SFAS 131, Disclosures about Segments
         of an Enterprise and Related Information. SFAS 144 also eliminates the
         current exemption to consolidation when control over a subsidiary is
         likely to be temporary. This statement is effective for all fiscal
         years beginning after December 15, 2001. The Company believes that the
         future implementation of SFAS 144 on January 1, 2002 will not have a
         material effect on the Company's financial position, results of
         operations or liquidity.

         Statement No. 145, "Rescission of FASB Statements No. 4, 44, and 64,
         Amendment of FASB Statement No. 13, and Technical Corrections," ("SFAS
         145") updates, clarifies, and simplifies existing accounting
         pronouncements. Statement No. 145 rescinds Statement 4, which required
         all gains and losses from extinguishment of debt to be aggregated and,
         if material, classified as an extraordinary item, net of related income
         tax effect. As a result, the criteria in Opinion 30 will now be used to
         classify those gains and losses. Statement 64 amended Statement 4, and
         is no longer necessary because Statement 4 has been rescinded.
         Statement 44 was issued to establish accounting requirements for the
         effects of transition to the provisions of the motor Carrier Act of
         1980. Because the transition has been completed, Statement 44 is no
         longer necessary. Statement 145 amends Statement 13 to require that
         certain lease modifications that have economic effects similar to sale-
         leaseback transactions be accounted for in the same manner as sale-
         leaseback transactions. This amendment is consistent with FASB's goal
         requiring similar accounting treatment for transactions that have
         similar economic effects. This statement is effective for fiscal years
         beginning after May 15, 2002. The adoption of SFAS 145 is not expected
         to have a material impact on the Company's financial position, results
         of operations or liquidity.

         Statement No. 146, "Accounting for Exit or Disposal Activities" ("SFAS
         146") addresses the recognition, measurement, and reporting of cost
         that are associated with exit and disposal activities that are
         currently accounted for pursuant to the guidelines set forth in EITF
         94-3, "Liability Recognition for Certain Employee Termination Benefits
         and Other Costs to exit an Activity (including Certain Cost Incurred in
         a Restructuring)," cost related to terminating a contract that is not a
         capital lease and one-time benefit arrangements received by employees
         who are involuntarily terminated - nullifying the guidance under EITF
         94-3. Under SFAS 146, the cost associated with an exit or disposal
         activity is recognized in the periods in which it is incurred rather
         than at the date the Company committed to the exit plan. This statement
         is effective for exit or disposal activities initiated after December
         31, 2002 with earlier application encouraged. The adoption of SFAS
         146 is not expected to have a material impact on the Company's
         financial position, results of operations or liquidity.

         Statement No. 148, "Accounting for Stock-Based Compensation-Transition
         and Disclosure", amends FASB Statement No. 123, "Accounting for Stock-
         Based Compensation." In response to a growing number of companies
         announcing plans to record expenses for the fair value of stock
         options, Statement 148 provides alternative methods of transition for a
         voluntary change to the fair value based method of accounting for
         stock-based employee compensation. In addition, Statement 148 amends
         the disclosure requirements of Statement 123 to require more prominent
         and more frequent disclosures in financial statements about the effects
         of stock-based compensation. The Statement also improves the timeliness
         of those disclosures by requiring that this information be included in
         interim as well as annual financial statements. In the past, companies
         were required to make pro forma disclosures only in annual financial
         statements. The transition guidance and annual disclosure provisions
         of Statement 148 are effective for fiscal years ending after December
         15, 2002, with earlier application permitted in certain circumstances.
         The interim disclosure provisions are effective for financial reports
         containing financial statements for interim periods beginning after
         December 15, 2002. The Company adopted the disclosure provisions of
         Statement 148 for the year ended December 31, 2002, but will continue
         to use the method under APB 25 in accounting for stock options. The
         adoption of the disclosure provisions of Statement 148 did not have a
         material impact on the Company's financial position, results of
         operations or liquidity.

                                      F-10

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002


Note 2   Legal Matters

The Company is subject to various lawsuits and unasserted claims from vendors
for non-payment of accounts payable plus related legal fees. Excluding legal
fees, which cannot be estimated, the Company has included all amounts in its
accounts payable as of December 31, 2002, including three judgments for
approximately $23,600.

The Company is subject to a lawsuit from one stockholder who invested $100,000
in the Company for 100,000 common shares during a private placement. The Company
believes an unfavorable outcome is not probable.

The Company has included $44,784 of unpaid Federal payroll taxes and employee
withholdings and related penalties and interest in its accrued expenses as of
December 31, 2002. Such amounts are subject to potential IRS tax liens.

Note 3   Sale of Equipment

As of December 31, 2001, the Company had written down remaining property and
equipment to its estimated net realizable value of zero. During the year ended
December 31, 2002, the Company sold certain equipment for $4,000 and used that
$4,000 cash as a settlement payment to terminate the office lease. (See Notes 4
and 5)

Note 4   Lease Payable

An amount of $18,353 is payable under a computer equipment lease which was
accounted for as a capital lease. The amount is personally guaranteed by a
former officer/director and a current officer/director of the Company. The lease
was secured by all leased equipment and perfected by a financing statement;
however, the Company liquidated the equipment and paid the office space lessor
the $4,000 proceeds (see Notes 3 and 8). During 2002, the Company has accrued
$1,835 in related interest for this lease.

Note 5   Notes Payable to Banks

Notes payable to banks consists of the following at December 31, 2002:

Note payable, interest at 11.05% (default rate 18%), due March 11, 2002, secured
by all equipment which had been repossessed as of December 31, 2001 and applied
to the balances, in default as of March 11, 2002  (See Note 3)                  $  19,558


Note payable, interest at prime plus 2% (6.75% at December 31, 2002), and due on
demand, secured by all present and future equipment of the Company, right of
offset against the Company's bank account and guaranteed by the principal
stockholder.  (See Note 3)                                                         41,799
                                                                                ---------
                                                                                $  61,357
                                                                                =========

During 2002, the Company has accrued $6,184 in related interest on these notes.

                                      F-11

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002

Note 6   Loan Payable - Officer

During 2002, the Company's sole officer/director advanced $20,328 for payment of
corporate expenses on behalf of the Company. The loan is non-interest bearing,
unsecured and due on demand. (See Note 8)

Note 7   Notes Payable - Related Party

Notes payable to related party at December 31, 2002 are payable to a former
officer/director of the Company who is a principal stockholder as follows:

Note payable dated October 18, 2000, interest at 6.5%, matures October 16, 2001,
in default at December 31, 2002                                                 $   8,393


Note payable dated March 21, 2001, interest at 6%, matures March 21, 2002, in
default at December 31, 2002                                                       75,000

Note payable dated April 4, 2001, interest at 6%, matures April 4, 2002, in
default at December 31, 2002                                                       75,000

Note payable dated April 11, 2001, interest at 6%, matures April 11, 2002, in
default at December 31, 2002                                                       25,000

Note payable dated April 23, 2001, interest at 6.5%, matures April 23, 2002, in
default at December 31, 2002                                                       50,000

Note payable dated June 15, 2001, interest at 6%, matures June 15, 2002, in
default December 31, 2002                                                          30,000

Note payable dated July 6, 2001, interest at 6.5%, matures December 6, 2001, in
default at December 31, 2002                                                       13,103

Note payable dated July 6, 2001, interest at 6.5%, matures December 6, 2001, in
default at December 31, 2002                                                       25,000

Note payable dated July 13, 2001, interest at 6.5%, matures December 13, 2001,
in default at December 31, 2002                                                    15,000

Note payable dated July 20, 2001, interest at 6.5%, matures December 20, 2001,
in default at December 31, 2002                                                     9,800

                                      F-12

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002

Note payable dated August 3, 2001, interest at 6.5%, matures December 3, 2001,
in default at December 31, 2002                                                    18,000

Note payable dated August 21, 2001, interest at 6%, matures December 20, 2001,
in default at December 31, 2002                                                    47,200

Note payable dated September 10, 2001, interest at 6.5%, matures December 10,
2001, in default at December 31, 2002                                              20,000
                                                                                ---------
                                                                                $ 411,496
                                                                                =========

During 2002, the Company has accrued $35,900 in related interest on these notes
which is included in interest expense.

Note 8   Related Party

In 2002, the Company's former officer/director and the current sole
officer/director personally guaranteed a computer equipment lease. (See Note 4)

In 2002, the Company's sole officer advanced $20,328 for payment of corporate
expenses. (See Note 6)

On May 29, 2002, the Company issued 1,000,000 shares of common stock to a
corporate officer and its sole director.  (See Note 9)

Note 9   Stockholders' Deficiency

(A) Stock Issuances

On June 7, 2001 (the "Agreement Date"), the Company issued 25,000 fully vested
common shares as a sign on bonus to a new employee. The shares were valued at
the trading price of $2.00 on the Agreement Date resulting in a compensation
expense of $50,000.

Under a 90 day agreement dated July 11, 2001 (the "Agreement Date") for
promotional and marketing services, the Company issued 125,000 fully vested
common shares and a stockholder paid the service provider 75,000 free trading
shares. The trading price of the Company's common stock on the Agreement Date
was $1.40. The 75,000 shares are treated as contributed capital. The Company
recognized an aggregate consulting expense on the Agreement Date of $280,000
based on the $1.40 fair market value of the stock.

On May 23, 2002, the Company approved an Employee Benefit Plan ("the Plan") for
the purpose of providing stock based awards to its employees as defined in the
plan. Under the terms of the plan, the Board of Directors may discontinue the
plan at any time and no employee has any rights to be granted shares under the
plan. On May 25, 2002, the Company filed as an exhibit to a Form S-8
registration statement the above plan and registered 12,500,000 shares, of which
12,225,000 were granted and issued on May 29, 2002 as discussed below.

                                      F-12

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002


On May 29, 2002, the Company issued 11,225,000 shares of common stock, pursuant
to the plan, having a fair value of $2,806,250 based on the $.25 quoted trading
price on the grant date in exchange for legal and consulting services. As of
December 31, 2002, the Company has expensed $2,335,938 of consulting fees,
$110,418 of legal fees, and deferred $359,896 related to future legal and
consulting services.

On May 29, 2002, the Company issued 1,000,000 shares of common stock, pursuant
to the plan, having a fair value of $250,000 based on the $.25 quoted trading
price on the grant date in exchange for services of a corporate officer. As of
December 31, 2002, the Company has expensed the entire $250,000 related to past
services. (See Note 8)

On June 19, 2002, the Company declared a 20% stock divided totaling 7,074,764
shares having a fair value of $2,263,924 based on the $.32 quoted trading price
on the declaration date. Accordingly, the Company had charged its accumulated
deficit, and recorded the value to common stock and additional paid-in capital
for the 20% stock dividend. These shares were issued to stockholders of record
as of August 16, 2002. All shares and per share amounts have been retroactively
restated for all periods presented in the accompanying financial statements to
give effect for the 20% stock dividend.

(B) Stock Options

In 2001, 375,000 options previously granted, terminated unexercised when certain
directors resigned.

         A summary of the options issued as of December 31, 2001 and changes
         during the year is presented below:

                                         Number of Options     Weighted Average
                                                                 Exercise Price
                                         -----------------     -----------------
         Stock Options
         Balance at January 1, 2001                375,000     $            1.00
         Granted                                        -      $              -
         Exercised                                      -      $              -
         Forfeited                                 375,000     $            1.00
                                         -----------------     -----------------
         Balance at December 31, 2001                   -      $              -
                                         ==================    =================

         Options exercisable at end of period           -      $              -

         Weighted average fair value of options granted during
         the period                                            $              -
                                                               =================


There were no stock options or warrants granted during the year ended December
31, 2002.

                                      F-13

American Energy Production, Inc.
                        (F/K/A Communicate Now.Com, Inc.)
                          Notes to Financial Statements
                                December 31, 2002

Note 10   Income Taxes

There was no income tax expense for the periods ended December 31, 2002 and 2001
due to the Company's net losses.

The Company's tax expense differs from the "expected" tax expense for the
periods ended December 31, 2002 and 2001, (computed by applying the Federal
Corporate tax rate of 34% to loss before taxes), as follows:

                                                    2002             2001
                                              --------------    ---------------
Computed "expected" tax expense (benefit)     $     (941,844)   $      (822,530)
Non deductible stock based compensation              916,761                 -
Change in valuation allowance                         25,083            822,530
                                              --------------    ---------------
                                              $           -     $            -
                                              ==============    ===============

The effects of temporary differences that gave rise to significant portions of
deferred tax assets and liabilities at December 31, 2002 and 2001 are as
follows:

                                                   2002               2001
                                              --------------    ---------------
Deferred tax assets:
Net operating loss carryforward               $    1,418,334    $     1,393,251
                                              --------------    ---------------
Total gross deferred tax assets                    1,418,334          1,393,251
Less valuation allowance                          (1,418,334)        (1,393,251)
                                              --------------    ---------------
Net deferred tax assets                       $           -     $            -
                                              ==============    ===============

The Company has a net operating loss carryforward of approximately $4,171,571
available to offset future taxable income through 2022.

The valuation allowance at December 31, 2001 was $1,393,251. The net change in
valuation allowance for the year ended December 31, 2002 was an increase of
$25,083.

Management believes that the ceasing of operations in August 2001 and the
entering into a new business in February 2003 (see Note 12) subjects the Company
to the IRC Section 382 net operating loss carryforward limitation of zero.

Note 11   Going Concern

As reflected in the accompanying financial statements, the Company has a net
loss of $2,770,129 and net cash used in operations of $11,047 in 2002 and a
working capital deficiency of $847,751 an accumulated deficit of $9,131,850 and
a stockholders' deficiency of $847,751 at December 31, 2002. In addition, the
Company has discontinued operations and is currently inactive. The ability of
the Company to continue as a going concern is dependent on the Company's ability
to develop or acquire a new business. The financial statements do not include
any adjustments that might be necessary if the Company is unable to continue as
a going concern.

The Company is investigating new business opportunities and seeking additional
funding. In addition, the Company has acquired certain assets of an operating
company (See Note 12). Management believes that the actions presently being
taken provide the opportunity for the Company to continue as a going concern.

Note 12   Subsequent Events

On July 25, 2002, the Company entered into a purchase agreement to acquire
substantially all of the assets and related liabilities of Proco Operating Co.,
Inc. ("Proco"). The transaction closed on February 20, 2003. Under the terms of
the agreement, the Company would acquire all of Proco's oil and gas assets,
property, rights, goodwill and operating business in exchange for a $2,000,000
convertible note at 6% interest maturing on February 20, 2008. The note will be
converted to preferred stock and then to common stock at a price of $1.00 per
share. All principal and interest will be paid in preferred stock. The
acquisition will be accounted for as a purchase and valued at fair market value
at the date of acquisition.

On January 24, 2003, the Company's Board of Directors adopted a resolution to
remove from registration any and all remaining shares of common stock registered
under its Form S-8, which have not been issued or reserved for issuance under
the Communicate Now.Com, Inc. Employee Benefit Plan as filed August 23, 2002.

On January 27, 2003, the Company's Board of Directors adopted a resolution to
create the 2003 Employee Benefit Plan. The Company has authorized for
registration 25,000,000 shares of its common stock on Form S-8.

As of the date of the accompanying audit report, and under the terms of this
Employee Benefit Plan, the Company issued 22,800,000 shares of its common stock
to various unrelated third parties for future services. The shares are valued at
the Company's quoted trading price at the date of issuance and the related
expense will be recognized over the term of the service agreement.`