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                                **UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 FORM 10-QSB**

(Mark One)

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

                  For the quarterly period ended March 31, 2003

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

                        For the transition period from to

                        Commission file number: 333-52812

                         **American Energy Production Inc.**
        (Exact name of small business issuer as specified in its charter)

                 **Delaware                              74-2945581**
       (State or other jurisdiction of                (IRS Employer
         Incorporation or organization)            (Identification No.)

                               **310 Kitty Hawk Rd.
                            Universal City, Tx.76068**
                    (Address of principal executive offices)

                                  **210-566-7327**
                           (Issuer's telephone number)

                              Communicate Now.com Inc.
 (Former name, former address and former fiscal year, if changed since last report)

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

Check whether the registrant filed all documents and reports required to be
filed by Section l2, 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**

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: common shares as of March 31, 2003.

Transitional Small Business Disclosure Format (Check one):        Yes [ ] No [ ]

                                       1
**American Energy Production Inc.
                                   FORM 10-QSB**

                       Three months ending March 31, 2003

                                TABLE OF CONTENTS

PART I   FINANCIAL INFORMATION

ITEM 1   Financial Statements (Unaudited)
         Balance Sheet
         Statements of Operations
         Statements of Cash Flows
         Notes to Financial Statements

ITEM 2   Management's Discussion and Analysis of Financial
         Condition And Results of Operations

PART 2   OTHER INFORMATION

Item 1   Legal Proceedings

Item 2   Changes in Securities and use of Proceeds

Item 3   Defaults upon Senior Securities

Item 4   Submission of Matters to a vote of Security Holders

Item 5   Other Information

Item 6   Exhibits and Reports on Form 8-K

                                       2
**AMERICAN ENEREGY PRODUCTION INC.

                              FINANCIAL STATEMENTS

                                March 31,2003**

                         American Energy Production Inc.

                                    Contents

                                                                            Page

Balance Sheet................................................................F-1

Statements of Operations.....................................................F-2

Statements of Cash Flows.....................................................F-3

Notes to Financial Statements..........................................F-4 - F-8

                                      3
**American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                                  Balance Sheet****Assets

Property and Equipment, net**                                       $    2,000,000
                                                                 ---------------

Total Assets                                                      $    2,000,000
                                                                 ===============

                    **Liabilities and Stockholders' Deficiency****Current Liabilities**
Cash overdraft                                                    $        6,726
Accounts payable                                                         240,788
Accrued interest payable - current                                        52,858
Accrued payroll taxes and penalties                                       46,285
Lease payable                                                             18,153
Notes payable to banks                                                    61,357
Loan payable - officer                                                    20,728
Notes payable - related party                                            411,495
                                                                 ===============
**Total Current Liabilities**                                                858,390
                                                                 ===============

Convertible note payable                                               2,000,000
Accrued interest payable - long term                                      12,824
                                                                 ---------------
**Total Long Term Liabilities**                                            2,012,824
                                                                 ---------------

**Total Liabilities**                                                      2,871,214
                                                                 ---------------

**Stockholders' Deficiency**
Common stock, $0.0001 par value, 100,000,000 shares authorized
   63,548,592 shares issued and outstanding                                6,355
Common Stock issuable (1,700,000 shares at par)                              170
Additional paid in capital                                             9,479,070
Accumulated deficit                                                   (9,360,491)
Deficit accumulated during the development stage                        (174,843)
                                                                 ---------------
                                                                         (49,739)
Less: deferred expenses                                                 (821,475)
                                                                 ---------------
Total Stockholders' Deficiency                                          (871,214)
                                                                 ---------------

**Total Liabilities and Stockholders' Deficiency**                   $     2,000,000
                                                                 ===============

                                      F-1

**American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                            Statements of Operations
                                   (Unaudited)****From February 20, 2003
                                   Three Months Ended March 31,      (Inception of Development
                                    2003                   2002      Stage) to March 31, 2003**
                              ------------------  ------------------   ------------------

Total Revenues                $               -   $                 -  $               -
                              ------------------  ------------------   ------------------

**Operating Expenses**

Consulting                               295,521                  -               128,059

General and administrative                    -                  142                   -

Legal                                     25,000                  -                10,833

Website                                   59,500                  -                25,783
                              ------------------  ------------------   ------------------

**Total Operating Expenses**                 380,021                 142              164,675
                              ------------------  ------------------   ------------------

Loss from Operations                    (380,021)               (142)            (164,675)
                              ------------------  ------------------   ------------------

**Other Income (Expenses)**

Other income                                   -               4,000                   -

Interest expense                          (21,962)            (9,807)              (9,517)

Payroll tax interest and penalties         (1,501)                -                  (651)

Loss on settlement                             -              (4,000)                   -
                              ------------------  ------------------   ------------------

**Total Other Expense, net**                 (23,463)             (9,807)             (10,168)
                              ------------------  ------------------   ------------------

**Net Loss**                      $         (403,484) $           (9,949)  $         (174,843)
                              ==================  ===================  ==================

**Net Loss Per Share -
Basic and Diluted**             $            (0.01) $                -   $               -
                              ==================  ===================  ==================

**Weighted average number of
  shares outstanding during
  the year - basic and diluted**         54,039,695          23,148,820          61,371,661
                              ==================  ===================  ==================

                                      F-2

**American Energy Production, Inc.
                        (F/K/A CommunicateNow.com, Inc.)
                            Statements of Cash Flows
                                  (Unaudited)****From February 20, 2003
                                                      Three Months Ended March 31,     (Inception of Development
                                                        2003                2002        Stage) to March 31, 2003**
                                                 ------------------  ------------------   ------------------
**Cash Flows from Operating Activities:**

Net loss                                          $        (403,484)  $          (9,949)  $         (174,843)
Adjustments to reconcile net loss to
     net cash used in  operating activities:

Stock issued for services                                   380,020                  -               164,675
Changes in operating assets and liabilities:
Increase (decrease) in:

Accrued interest payable                                     21,763                  -                 9,432

Accrued payroll taxes payable                                 1,501                  -                   650
                                                 ------------------  ------------------   ------------------

**Net Cash Used in Operating Activities**                        (200)               (9,949)                (86)
                                                 ------------------  ------------------   ------------------

**Cash Flows from Financing Activities:**

Loan payable - officer                                        400                   102                 173

Payments on lease obligation                                 (200)                   -                  (87)
                                                 ------------------  ------------------   ------------------

**Net Cash Provided by Financing Activities**                    200                   102                  86
                                                 ------------------  ------------------   ------------------

Net Decrease in Cash                              $            -      $          (9,847)  $              -

Cash and cash equivalents at Beginning of Year                 -                     40                  -
                                                 ------------------  ------------------   ------------------

**Cash at End of Year**                               $            -      $          (9,807)   $             -
                                                 ==================  ==================   ==================

Supplemental disclosure of cash flow information:

     Assets acquisition for note payable          $     2,000,000     $              -     $       2,000,000
                                                  ==================  ==================   ==================

                                      F-3

**American Energy Production, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2003**
                                   (Unaudited)

**Note 1  Basis of Presentation**

The accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
and the rules and regulations of the United States Securities and Exchange
Commission for interim financial information. Accordingly, they do not include
all the information and footnotes necessary for a comprehensive presentation of
financial position and results of operations.

It is management's opinion, however, that all material adjustments (consisting
of normal recurring adjustments) have been made which are necessary for a fair
financial statement presentation. The results for the interim period are not
necessarily indicative of the results to be expected for the year.

For further information, refer to the audited financial statements and footnotes
for the year ended December 31, 2002 included in the Company's Form 10-KSB.

On February 20, 2003, upon the acquisition of certain oil and gas assets (see
Note 3), the Company entered a new development stage. Activities during the
development stage include acquisition of assets, obtaining geological reports,
developing an implementation plan to extract oil and gas and seeking capital.

**Note 2  Nature of Operations and Significant Accounting Policies****(A) Nature of Operations**

         The Company is engaged primarily in the acquisition, development,
         production, exploration for, and the sale of, oil and gas. The Company
         has not generated any sales through March 31, 2003.

         **(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 March 31, 2003 include valuation of stock
         issued for services and the allocation of the purchase price to certain
         oil and gas related assets acquired.

         **(C) Property and Equipment - Oil and Gas Properties**

         The Company uses the successful efforts method of accounting for
         acquisition, exploration, development and production of oil and gas
         properties, whereby only the direct costs of acquiring or drilling
         successful (proved reserves) are capitalized. Costs of acquisition,
         development, and exploration activities that are not known to have
         resulted in the discovery of reserves (unproved) are charged to
         operations. All capitalized costs of oil and gas properties are
         depleted using the units-of-production method based on total proved
         reserves. The capitalized cost of support equipment and fixtures will
         be depreciated over their estimated useful life once they are placed
         into service.

                                      F-4

**American Energy Production, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2003**
                                   (Unaudited)

         **(D) 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.

         **(E) Recent Accounting Pronouncements**

         In November 2002, the FASB issued FASB Interpretation No. 45,
         *"Guarantor's Accounting and Disclosure Requirements for Guarantees,
         Including Indirect Guarantees of Indebtedness of Others"* ("FIN 45").
         FIN 45 requires that a liability be recorded in the guarantor's balance
         sheet upon issuance of a guarantee. In addition, FIN 45 requires
         disclosures about the guarantees that an entity has issued, including a
         reconciliation of changes in the entity's product warranty liabilities.
         The initial recognition and initial measurement provisions of FIN 45
         are applicable on a prospective basis to guarantees issued or modified
         after December 31, 2002, irrespective of the guarantor's fiscal
         year-end. The disclosure requirements of FIN 45 are effective for the
         Company for financial statements of interim periods beginning July 1,
         2003.

         In January 2003, the FASB issued FASB Interpretation No. 46,
         "Consolidation of Variable Interest Entities" ("FIN 46"), which
         represents an interpretation of Accounting Research Bulletin No. 51
         ("ARB 51", "Consolidated Financial Statements". ARB 51 requires that a
         Company's consolidated financial statements include subsidiaries in
         which the Company has a controlling financial interest. That
         requirement usually has been applied to subsidiaries in which the
         Company has a majority voting interest. However, the voting interest
         approach is not effective in identifying controlling financial
         interests in entities (referred to as "variable interest entities")
         that are not controllable through voting interests or in which the
         equity investors do not bear the residual economic risks. FIN 46
         provides guidance on identifying variable interest entities and on
         assessing whether a Company's investment in a variable interest entity
         requires consolidation thereof. FIN 46 is effective immediately for
         investments made in variable interest entities after January 31, 2003
         and it is effective in the first fiscal year or interim period
         beginning after June 15, 2003 for investments in variable interest
         entities made prior to February 1, 2003. The adoption of FIN 46 is not
         expected to have a material impact on the Company's financial position,
         results of operations, or liquidity.

**Note 3  Property and Equipment and Assets Acquisition**

On February 20, 2003 (the "Acquisition" date), the Company acquired from a
certain assignor, who is the brother (see Note 4) of the Company's president and
sole director, an interest in certain oil and gas leases, oil and gas wells
located on those leases, surface and underground equipment, pipelines and other
property and fixtures in or on the leases, rights of way, leases, contracts and
agreements for pipeline compressor stations or boosters utilized in the
operations of the facilities by the assignors. The above properties are located
in Comanche and Eastland Counties, Texas, in the United States of America. The
Company plans to extract and sell oil and gas from existing wells. The
consideration paid was a promissory note for $2,000,000 at 6% interest, maturing
July 25, 2007. Upon the maturity date, the promissory note and accrued interest
is payable in convertible preferred stock at $1.00 per share and this preferred
stock is convertible into common stock at $1.00 per share. The Company accounted
for the purchase as an asset acquisition at its fair market value of $2,000,000
under the purchase method of Statement of Financial Accounting Standards No. 141
"Business Combinations". The purchase price is allocated to the various assets
as discussed below. The results of any operations relating to the acquired
assets are included in the Company's financial statements from the Acquisition
date.

                                      F-5

**American Energy Production, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2003**
                                   (Unaudited)

Oil and Gas Properties

Acquisition costs of proved property consists of oil and gas lease acquisition
costs relating to proved, developed, non-producing properties. The cost
allocated to the lease was $1,642,500 on the acquisition date. Amortization of
these costs into production costs, using the units-of-production method, will
begin when production commences. Accordingly, there was no depreciation for the
three months ended March 31, 2003. Oil and gas properties were as follows at
March 31, 2003:

                  Oil and gas properties                    $      1,642,500
                  Accumulated depletion                                   -
                                                               --------------
                                                            $      1,642,500
                                                               ==============

Property and Equipment-Capitalized Costs Relating to Oil and Gas Properties

Certain support equipment and fixtures were acquired as part of the asset
acquisition. The portion of the aggregate $2,000,000 purchase price allocated to
support equipment and fixtures, based on the fair market values of such support
equipment and fixtures, was as follows at the acquisition date and at March 31,
2003:

                  Support equipment and fixtures          $          357,500
                  Accumulated depreciation                                -
                                                          $          357,500
                                                               ==============

The Company will begin depreciation of the acquired support equipment and
fixtures when development commences. Accordingly, there was no depreciation for
the three months ended March 31, 2003.

Supplementary Oil and Gas Information as of February 20, 2003, the lease
acquisition date (Unaudited):

                           Property Acquisition Costs

                                                           Three Months Ended
                                                              March 31, 2003
                                                           --------------------

                      Proved properties                    $         1,642,500
                                                           ====================

Estimated Gross Reserves and Income Data at February 20, 2003 for United States Properties:PROVED

                                         Developed                                    Total
                                       Non-Producing           Undeveloped           Proved
                                    -------------------     ----------------     ---------------
Gross Remaining Reserves
    Oil/Condensate - Barrels                  2,232,522                   -            2,232,522
    Gas - MMCF                                    2,985                   -                2,985

Income Data
    Future Net Revenue              $        68,516,680     $             -           68,516,680
    Deductions                              (22,680,167)                  -          (22,680,167)
                                    -------------------     ----------------     ---------------
    Future Net Income (FNI)         $        45,836,513     $             -      $    45,836,513
                                    ===================     ================     ===============

    Discounted FNI at 10%           $        33,011,202     $             -      $    33,011,202
                                    ===================     ================     ===============

                                      F-6

**American Energy Production, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2003**
                                   (Unaudited)

**Note 4  Related Party Transactions**

On February 20, 2003, the Company acquired certain oil and gas properties from
the brother of the Company's president and sole director. (See Note 3)

**Note 5  Note Payable**

On February 20, 2003, the Company executed a $2,000,000 convertible promissory
note accruing interest at 6%. The maturity date is July 25, 2007. The note is
payable at maturity in preferred stock of the Company at $1.00 per share. That
preferred stock is convertible into common stock at $1.00 per share. As of
March 31, 2003, the Company had not yet authorized the issuance of any preferred
stock. Accrued interest at March 31, 2003 was $12,824.

**Note 6  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 March 31, 2003.

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 $46,285 of unpaid Federal payroll taxes and employee
withholdings and related penalties and interest in its accrued expenses as of
March 31, 2003. Such amounts are subject to potential IRS tax liens.

**Note 7  Stockholders' Deficiency**

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 financial statements, 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 each grant date since the shares
are deemed fully vested at the grant date and the related expense will be
recognized over the term of the respective service agreement. The following
provides details of these grants:

                                      F-7

**American Energy Production, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2003**
                                   (Unaudited)

On January 1, 2003, 4,000,000 common shares were granted for a six-month service
period valued at $0.02 per share or $80,000. During the three months ended March
31, 2003, the Company recognized $40,000 of consulting expense and deferred
$40,000 in stockholders' deficiency.

On January 29, 2003, 2,000,000 common shares were granted for a six-month
service period valued at $0.02 per share or $40,000. During the three months
ended March 31, 2003, the Company recognized $13,333 of consulting expense and
deferred $26,667 in stockholders' deficiency.

On February 8, 2003, 5,100,000 common shares were granted for a one-year service
period valued at $0.07 per share or $357,000. During the three months ended
March 31, 2003, the Company recognized $59,500 of consulting expense and
deferred $297,500 in stockholders' deficiency.

On March 1, 2003, 10,000,000 common shares were granted for a six-month service
period valued at $0.03 per share or $300,000. During the three months ended
March 31, 2003, the Company recognized $50,000 of consulting expense and
deferred $250,000 in stockholders' deficiency.

On March 28, 2003, 1,700,000 common shares were granted for a
one-year service period valued at $0.038 per share or $64,600. The Company
deferred the $64,600 in stockholders' deficiency at March 31, 2003 to be
recognized pro-rata starting April 1, 2003 through March 31, 2004. The 1,700,000
were issuable at March 31, 2003. (see Note 9)

**Note 8  Going Concern**

As reflected in the accompanying financial statements, the Company has a net
loss of $403,484 and net cash used in operations of $200 for the three months
ended March 31, 2003 and a working capital deficiency of $858,390, deficit
accumulated during the development stage of $174,843 and a stockholders'
deficiency of $871,214 at March 31, 2003. The ability of the Company to continue
as a going concern is dependent on the Company's ability to further implement
its business plan, raise capital, and generate revenues. The financial
statements do not include any adjustments that might be necessary if the Company
is unable to continue as a going concern.

**Note 9  Subsequent Events**

The 1,700,000 common shares reflected as issuable at March 31, 2003 were issued
subsequent to March 31, 2003. (see Note 7)

                                      F-8

**PART I FINANCIAL INFORMATION****Item 2.   Management's Discussion and Analysis of Financial Condition And
          Results of Operations**

American Energy Production Inc. is hereinafter referred to as "the Company",
"we" or "our".

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

         The following discussion contains certain forward-looking statements
that are subject to business and economic risks and uncertainties,  and our
actual results could differ materially from those forward-looking statements.
The following discussion regarding our financial statements should be read in
conjunction with the financial statements and notes thereto.

                              **RESULTS OF OPERATIONS**

     We were incorporated on January 31, 2000.  During the period from our
inception of January 31, 2000 through October 2000, we conducted market
research, raised capital of $1,423,900 before offering costs through a private
placement of our securities, and developed our back office infrastructure and
website. In November 2000, we began selling Internet display advertisements to
small businesses in the Central Texas area. Due to unfavorable results we ceased
operations of our only business product, Bizfinders in August 2001. All
employees were terminated and operations that resulted in revenue ceased.

     During the period of January 1, 2002 through March 31, 2003 the operations
of the Company consisted of a search for oil and gas properties to acquire and
operate. The Company was successful in securing additional oil and gas
properties during this period.

     The management of the company believes it will be successful in securing
additional oil and gas properties but there can be no assurance the management
will be successful in it efforts to re-invent the company as a profitable oil
and gas operation Company, or that it will be successful in the operation of
it's current property, "Proco".

  **RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDING March 31, 2003 COMPARED TO
        RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDING March 31, 2002.**

     Revenue for the three months ending March 31, 2003 was $0. respectively as
compared to $O. for the three months ending March 31, 2002.

     The Company incurred $295,521, $25,000 and $59,500 of stock based expenses
relating to consulting, legal and website during the quarter ended March 31,
2003. Operating expenses for the comparative period ended March 31, 2002 was
nominal.

     Interest expense of $21,962 in the quarter ended March 31, 2003 relates to
interest in $2,000,000 promissory note of approximately $12,800 and the
remainder is interest on various other loans and notes. Interest in the prior
comparative period in 2002 does not include the $2,000,000 note interest as this
note was issued on February 20, 2003.

                                       5

**MATERIAL TRENDS OR EVENTS**

     Our business plan is to acquire oil and gas properties for development
and Production operations, leading to revenue and profit growth. On July 30th of
2002 the Company entered into a letter of intent to acquire Proco Operating Co.,
Inc., Marble Falls Unit properties via a convertible two million dollar note
($2,000,000). The term of the convertible note is 5 years at an interest rate of
6%. In 2007 at note maturity the note will convert to Preferred Stock at a
conversion rate of $1.00 per share. The Company has not authorized any Preferred
stock at this time and plans to file an amendment to the Articles of
Incorporation to do so. The preferred stock will be converted at $1.00 per
share. There can be no assurance that we will be successful in our efforts to
implement our plan, or operate the Proco Marble Falls Unit.

     The Company completed the acquisition of the Proco Operating Marble Falls
Unit on February 20, 2003. The Company plans to re-work or re-complete several
wells and use a new type of fracture stimulation on the 150 foot thick Barnett
Shale Formation that covers the entire 3000+ acres on the Marble Falls Unit.

     The Company cancelled the 2002 Employee Benefit Plan on January 24, 2003
and filed an Employee Benefit Plan for 2003 for 25,000,000 shares of S-8 common
stock. The company granted 22,800,000 shares under the 2003 Employee Benefit
Plan. This common stock will be issued to employees, consultants and officers
during the first quarter of 2003.

                         **LIQUIDITY AND CAPITAL RESOURCES**

     As of March 31, 2003, we had no cash resources. We expect revenues from our
oil and gas property development, and loans from various sources, will be
sufficient to cover our working capital requirements for twelve months.

     Our future revenues may be insufficient to fund our operations;
accordingly, we may have to seek additional financing from financial
institutions or other sources. We maintain a line of credit of $42,000 with Bank
One. As of March 31, 2003, we have borrowed $42,000 against the Bank One line of
credit.

     At March 31, 2003 we had total cash of $0. compared to March 31, 2002
when we had total cash of $0. The reason for the ability of the Company to
continue in business was as a result loans received from the sole director and
officer.

                            **MATERIAL SEASONAL ASPECTS**

     We have identified several seasonal aspects that would have a material
effect on our current limited operations. Because of the volatile oil commodity
markets world wide and various political and weather changes world wide there
may be a situation where oil and gas markets could fall in price and effect the
ability to sell oil and produced gas at profitable prices.

                                       6

**PART II OTHER INFORMATION

Item 1.   Legal Proceedings**

     All material pending legal proceedings in which we are involved have been
reported in our 10 K SB.

**Item 2.   Changes in Securities and Use of Proceeds**

     Working Capital restrictions and other limitations upon the payments of
dividends.

     As reflected in the accompanying financial statements for the three months
ended March 31, 2003, we had a net loss of $403,484 and net cash used in
operations of $200. In addition, at March 31,2003, we had a working capital
deficiency of $858,390. As of March 31,2003, we had no earnings. Holders of our
common stock are entitled to receive ratably dividends, if any, as may be
declared by our board of directors from funds legally available. We paid a 1 for
5 restricted stock dividend on August 16, 2002, this dividend stock will be
restricted until August 16,2003. We now anticipate that all earnings, if any,
will be retained for development of our business. Any future dividends will be
at the discretion of our Board of Directors and will depend upon our future
earnings, operating and financial condition, capital requirements, and other
factors.

**Item 3. Defaults Upon Senior Securities**

     Not applicable

**Item 4.   Submission of Matters to a Vote of Security Holders**

     There have not been any matters submitted to a vote of the Security Holders.

**Item 5.   Other Information**

     Not applicable

**Item 6.   Exhibits and Reports on Form 8-K**

     Not Aplicable

                                       6

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                             AMERICAN ENERGY PRODUCTION INC.

Date: May 22, 2003                           By: /s/ Charles Bitters
                                                ----------------------------
                                                     Charles Bitters,
                                                     President and Director

                                       7

                                CERTIFICATIONS*

I, Charles Bittes, certify that:

1. I have reviewed this qaurterly report on Form 10-Q 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 annual 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 annual report;

4. The registrant's other certifying officers 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 have:

        a) designed such disclosure controls and procedures to ensure that
           material information relating to the registrant, including its
           consolidated subsidiaries, is made known to us by others within those
           entities, particularly during the period in which this annual 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 annual report (the "Evaluation Date"); and

        c) presented in this annual 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 officers 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 (or persons performing the equivalent
   functions):

        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 officers and I have indicated in this
   annual report whether 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: May 22, 2003                          By: /s/ Charles Bitters
                                                ------------------------
                                                    Charles Bitters,
                                                    President and Director
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