American Oil & Gas, Inc. (NYSE AMEX: AEZ) is a Denver based independent oil and natural gas exploration and production company focused on building shareholder value from projects and properties located in the western United States. The majority of current and planned activity is centered in the Rocky Mountain Region. The company commenced oil and gas operations in January of 2003 with the purchase of oil and gas leasehold interests in several properties from Tower Colombia Corporation and North Finn, LLC, two private E&P companies active in the Western U.S. In April of 2005, Tower was merged into American and American's ownership in certain projects increased.
Through a series of asset acquisitions and divestitures, American is now focusing on development of its approximate 68,000 net acrea position in the Williston Basin of North Dakota targeting Bakken and Three Forks formations.
Corporate Strategy
· Large ownership in large acreage positions.
· Minimize geological risk by focusing in areas with large known hydrocarbon accumulations and historical production history.
· Apply new and advanced drilling, completion and stimulation technology to “unlock” production potential.
· Utilize industry partners on initial exploration and development drilling to minimize financial exposure.
· Continue to evaluate new opportunities that fit well within the Company’s business model.
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