American Patriot Oil & Gas : January Monthly Activities Report

MARKET ANNOUNCEMENT

Monthly Production Report

JANUARY MONTHLY ACTIVITIES REPORT

Melbourne, February 28, 2019, American Patriot Oil and Gas Ltd ("AOW") ") is pleased to present its monthly activities report for the period ending 31 January 2019.

Key highlights of these actions are:

Record Monthly Revenue of $405,975 AUD/$292,302 USD +6% vs previous month Monthly production of 282 boepd (net AOW)

We set out additional details below.

Monthly Production

The January monthly results have resulted in total production of 4,038 bbl oil and 26,523 mcf gas or 282 boepd (vs 310boepd in December). This production generated total revenue of USD$292k (AUD$405k). The revenue is higher due to the Peak Energy income being recorded for the first time partly offset by lower revenues from Magnolia and Burnett due to lower commodity prices. The production is lower than the recent December monthly results due to 8 Peak Energy wells being offline for maintenance which generate approximately 30boepd and several Goose Creek wells which generate 14bopd due to the salt water disposal unit being down for permitting. Burnett oil production was also lower. We are expecting to bring a number of these wells back online during the coming weeks. The results are detailed below:

Asset	Net Production (Month)		Revenue (USD) *
Oil (bbl)	Gas (mcf)
Anasazi	506	2,690	$9,538
Goose Creek	172	$3,847
CWS	276	$25,396
Peak Energy	1,395	4,721	$154,657
Magnolia	418	10,871	$45,394
Burnett	1,272	8242	$53,470
Total	4,038	26,523	$292,302

*Revenue is cash receipts in January related to December production

Production and Revenue Trend

AOW Production and Revenue

350,000

320

310

300,000

300

290

250,000

USDRevenue

280

200,000

270

260

150,000

250

BOEPD

240

100,000

230

220

50,000

210

-

200

November

December

JanuaryRevenue USDBOEPD

American Patriot Oil and Gas Ltd	Level 5, 97 Pacific Highway, North Sydney, NSW 2060
ACN: 154 049 144	Ph: [phone]
Email:[e-mail] website:www.ap-oil.com	1

-ENDS-
Investor inquiries:	Media inquiries:
Alexis Clark	Luke Derbyshire
Chief Executive Officer	Managing Director
American Patriot Oil & Gas Ltd	Spoke Corporate Pty Ltd
(613) 9945 8739	(614) 488 664 246
[e-mail]	[e-mail]
About American Patriot Oil and Gas

American Patriot Oil and Gas (AOW) is an oil and natural gas exploration and development (E&P) group headquartered in Melbourne, Australia, with a U.S. office in Houston, Texas. The Company is focused on developing a significant conventional oil and gas production company focused on assets in the Texas and Gulf Coast region. The company has announced a number of recent acquisitions with a focus on acquiring conventional producing properties with low operating costs onshore USA with reserve reports and significant production upside via shut in wells, workover potential, behind pipe potential and infill drilling upside.

American Patriot Oil and Gas Ltd	Level 5, 97 Pacific Highway, North Sydney, NSW 2060
ACN: 154 049 144	Ph: [phone]
Email:[e-mail] website:www.ap-oil.com	2