American Oil & Gas Inc (f/k/a AEZ)

[john829]

This wil explote thanx blue from à dutchmen

[john829]

Wake up people

[john829]

Owkee

[OilStockReport]

Any new info here?

[OilStockReport]

Building a new shelf around $9.50 - results were mixed but upside is apparent.

American reports a net loss of $119,266 (nil per share, basic and diluted) for the quarter ended September 30, 2010, as compared to a net loss of $3,400,573 (loss of seven cents per share, basic and diluted) for the quarter ended September 30, 2009. For the nine-month periods ended September 30, 2010 and 2009, American reports net income to common stockholders of $27,661,320 (income of 46 cents per share, basic and 45 cents per share, diluted) and a net loss to common stockholders of $8,892,054 (loss of 18 cents per share, basic and diluted), respectively. The approximate $36.6 million increase in net income in the nine-month period includes a $36.4 million pre-tax gain on the sale of substantially all of American's oil and gas interests in the Powder River Basin in Wyoming on March 31, 2010.

During the quarter ended September 30, 2010, American sold 73,112 barrels of oil at $64.64 per barrel and 17,040 mcf of natural gas at $4.74 per mcf for total oil and gas revenues of $4,806,383. For the corresponding quarter ended September 30, 2009, American sold 4,877 barrels of oil at $59.17 per barrel and 49,949 mcf of natural gas at $3.48 per mcf for total oil and gas revenues of $462,553. Lease operating expenses, including production taxes, for the quarters ended September 30, 2010 and 2009 were $912,493 ($12.01 per BOE) and $278,429 ($21.09 per BOE), respectively. Depreciation, depletion and amortization expense of oil and gas properties was $1,601,000 ($21.08 per BOE) for the current quarter and $212,001 ($16.06 per BOE) for the corresponding prior year quarter.

During the nine-month period ended September 30, 2010, American sold 119,374 barrels of oil at $64.25 per barrel and 68,324 mcf of natural gas at $6.06 per mcf for total oil and gas revenues of $8,083,918. For the corresponding nine-month period ended September 30, 2009, American sold 14,056 barrels of oil at $46.87 per barrel and 183,386 mcf of natural gas at $3.42 per mcf for total oil and gas revenues of $1,285,705. Lease operating expenses, including production taxes, for the nine-month periods ended September 30, 2010 and 2009 were $1,777,764 ($13.60 per BOE) and $848,354 ($19.01 per BOE), respectively. Depreciation, depletion and amortization expense of oil and gas properties was $2,551,000 ($19.51 per BOE) for the current nine-month period and $546,000 ($12.24 per BOE) for the prior year nine-month period.

For the quarters ended September 30, 2010 and 2009, American's general and administrative expenses were $2,804,686 and $1,198,188, respectively. Total costs increased approximately $1.6 million primarily due to (i) approximately $1.0 million paid for a third party fairness opinion in July 2010 of the then-proposed merger with Hess Corporation and (ii) a $0.5 million increase in legal fees and expenses, primarily relating to the merger, including the defense of lawsuits filed in connection with the merger. For the nine-month periods ended September 30, 2010 and 2009, American's general and administrative expenses were $6,168,688 and $4,242,539 respectively. Total costs increased by $1.9 million, primarily due to (i) an approximately $1.1 million increase in investment banking and legal fees and expenses, primarily relating to the merger, including the defense of lawsuits filed in connection with the merger and (ii) an approximately $0.8 million increase in employee compensation.

At September 30, 2010, American had $17.9 million in working capital which includes $15.5 million in cash and short-term investments, total assets of $151.1 million, a long-term asset retirement obligation of $225,099, deferred income taxes of $6.2 million, no long term debt and stockholders' equity of $126.3 million. There are currently 61,029,656 common shares outstanding.

For the nine-month period ended September 30, 2010, American's net cash used by operating activities decreased by $361,956 (from $3,057,074 net cash used for operating activity for the nine-month period ended September 30, 2009 to $2,695,118 cash used by operations for the nine-month period ended September 30, 2010). Cash received from oil and gas revenues in the 2010 period were approximately $2 million greater than for the 2009 period. Cash expenditures for general and administrative expenses for the 2010 period were approximately $2 million greater than for the 2009 period. In the 2010 period, net purchases of well equipment inventory held in third party yards were approximately $315,000 less than in the 2009 period.

American used a net $24.9 million in cash during the nine-month period ended September 30, 2010 as compared with $7.2 million of cash used by investing activities in the nine-month period ended September 30, 2009. The $17.7 million increase in cash usage is primarily due to (i) a $63.8 million increase in acquisition, exploration and development of oil and gas properties (primarily in the Goliath Project), less (ii) $46.2 million received in March 2010 on the sale of oil and gas properties in the Powder River Basin in Wyoming.

During the nine-month periods ended September 30, 2010 and September 30, 2009, the only financing activities were $804,150 in cash received in the 2010 period relating to exercises of stock options and a warrant.

[OilStockReport]

AEZ has great potential from here. Great area play we have been in it for quite a while.

[crusader rabbit]

I received an investment letter touting oil companies in the Bakken, North Dakota area as potentially sitting on large reserves with the ability, due to advanced drilling techniques (horizintal- fracture etc), to recover the oil very profitably.
For a $99 subscription you can get the name of the company.

In the case of this company it appears they are focused on this
area and have cash to carry out real progress. The latest news release is very promising. If one can get a handle around the
reserves and their revenue from whatever percentage of these
wells they own it could be interesting. The statement by the CEO that they expect to fund future drilling from cash flows indicates they are on their way. I am taking a small initial position and starting research . Crusader Rabbit.

[B7$4]

"AEZ News" American Receives $46.2 Million From Sale of Powder River Basin, WY Assets

http://www.marketwire.com/press-release/American-Receives-462-Million-From-Sale-of-Powder-River-Basin-WY-Assets-NYSE-Amex-aez-1141489.htm

DENVER, CO--(Marketwire - April 1, 2010) - American Oil & Gas Inc. (NYSE Amex: AEZ) announced today that American has received $46,181,289 in sales proceeds from the sale of all of its ownership in non-producing wells, producing wells and undeveloped acreage located in the Powder River Basin of Wyoming. The sale includes all of American's ownership in the Fetter and Krejci projects. American expects to pay less than $500,000 in income taxes, after offsetting the taxable gain on sale with net operating loss carry-forwards from prior years.

Pat O'Brien, CEO of American, commented, "We are pleased to announce the closing of this sale which now enables us to focus our financial and human resources primarily on the development of the Bakken and Three Forks formations within our Goliath project area. We are commencing a two rig drilling program at Goliath, and we are preparing for a possible expansion of the program."

American Oil & Gas Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.

[blueeagle]

AEZ is up 800% in less than 1 year, but no posts here for 2 months now. Did everyone sell before it started it move upwards?
I'm glad I bought it as it's nice to be well into the green, and there are investment letters I've read that believe that this stock will be moving up to $30,00. That would be sweet.

[mlkrborn]

Nice pop to 2.70s without any news? waz going on?

[xray44b9]

AEZ ready for a move up?

[swanlinbar]

All out of AEZ this morning! good luck all

[MONEYMADE]

Holding firm....I love this stock heheee

[MONEYMADE]

I think we can close $1.20 incredible vol

[MONEYMADE]

$1.06 buddy

[MONEYMADE]

AEZ $3 target

[PENNYPRINCE 1]

I understand

[swanlinbar]

Because i'm up & i don't expect the current price of oil to hold up much longer.I hold to many stocks to long,i need to start taking profits off the table when i get the chance.GL

[PENNYPRINCE 1]

Why do you plan on selling.

[swanlinbar]

i;m in from .85 it took a nice dip after i bought,i don't think i'll be holding it much longer. we'll see

[PENNYPRINCE 1]

I may buy in Monday looks good.

[swanlinbar]

Bought in today!

[sidesh0wb0b]

al ittle accum/consold going on here still?
your thoughts dog?

[Randini]

Yep! Going to grab another 1/2.

[analogdog]

Moving...

[sidesh0wb0b]

still sideways accumulation here

[sidesh0wb0b]

looks like AEZ is under some accumulation after a nice little burst of green
i havent done any DD on it but ill take a peek maybe this weekend when i get some time

[analogdog]

American Oil & Gas Reports 1st Quarter 2008 Results
Monday May 12, 5:52 pm ET

DENVER, May 12 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) reports a net loss to common stockholders of $1,320,425 (loss of three cents per share, basic and diluted) for the quarter ended March 31, 2008, as compared to net loss to common stockholders of $865,359 (loss of two cents per share, basic and diluted) for the quarter ended March 31, 2007. The $455,066 increase in loss includes a $210,027 loss (net of deferred income tax reduction) from the sale of securities held in another company.

During the quarter ended March 31, 2008, American recorded $507,804 in revenues from the sale of oil and natural gas. In that period, American had $247,831 in oil revenues from selling 3,028 barrels of oil at an average price of $81.84 per barrel, and American had $259,973 in gas revenue from selling 29,216 Mcf of natural gas at an average price of $8.90 per Mcf. During the corresponding quarter of 2007, American recorded $395,500 in oil and gas revenues. In that period, American had $222,729 in oil revenues from selling 4,334 barrels of oil at an average price of $51.39 per barrel, and American had $172,771 in gas revenue from selling 27,020 Mcf of natural gas at an average price of $6.39 per Mcf. Although our revenues from the sale of oil and natural gas increased during the quarter ended March 31, 2008 when compared to the quarter ended March 31, 2007, our production on a barrel of oil equivalent basis decreased from 8,837 barrels of oil equivalents to 7,897 barrels of oil equivalents. During the quarter ended March 31, 2008, we experienced an inordinately high number of days when our production was shut in due exclusively to shut down of transportation lines and processing facilities at our Fetter project. We also were not able to commence production from the Solberg 32-2 well at our Goliath project due to significant delays in commencing operations at the natural gas processing plant.

For the quarters ended March 31, 2008 and March 31, 2007, American's general and administrative expenses were $1,390,208 and $1,132,842, respectively. The $257,366 increase is largely attributable to hiring additional employees.

At March 31, 2008, American had $14.8 million in working capital including an $8.6 million short term loan secured by auction rate preferred shares ("ARPS"), $8.8 million in cash and cash equivalents, and $17.25 million in taxable closed-end mutual fund ARPS. $7.5 million of the ARPS are scheduled for redemption this month, $5.1 million is expected to be redeemed by June 30th with the rest expected to be redeemed in the third quarter of 2008.

Our net cash used by operating activities decreased from $629,433 during the quarter ended March 31, 2007, to $589,702 for the quarter ended March 31, 2008 due to increased revenues partially offset by increased cash payments of operating and administrative expenses.

During the quarter ended March 31, 2008, we used a net $1.6 million in investing activities as compared with $2.7 million used in the quarter ended March 31, 2007. The $1.1 million decrease is primarily due to our being carried in all of the drilling costs at our Fetter project.

In the quarter ended March 31, 2008, we received $8,600,000 from a short-term loan in March, to be repaid from the redemption of ARPS. During the quarter ended March 31, 2007, we had received no cash provided by financing activities.

American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.


Selected Financial and
Operating Data Three-month period ended
3/31/08 3/31/07
CASH FLOW RECAP:
Net cash used by operating activities $ 589,702 $ 629,433
Net cash used in investing activities $ 1,556,998 $ 2,728,219
Net cash provided by financing activities $ 8,600,000 $ -
FINANCIAL RECAP:
Revenues $ 507,804 $ 395,500
Net loss attributable to common
stockholders $ 1,320,425 $ 865,359
Net loss per common share- basic and
diluted $ 0.03 $ 0.02

OPERATING DATA:
Net oil production (Bbl) 3,028 4,334
Oil revenues $ 247,831 $ 222,729
Average oil price per Bbl $ 81.84 $ 51.39

Net gas production (Mcf) 29,216 27,020
Natural gas revenues $ 259,973 $ 172,771
Average gas price per Mcf $ 8.90 $ 6.39

Barrels of oil equivalent ("BOE") sold 7,897 8,837

Lease operating and production taxes $ 254,775 $ 103,149
LOE and production taxes per BOE $ 32.26 $ 11.67

Depreciation, depletion and amortization
- oil and gas properties $ 290,000 $ 223,818
DD&A per BOE $ 36.72 $ 25.33

Impairment expense $ - $ -
General and administrative expenses $ 1,390,208 $ 1,132,842
Investment income $ 223,711 $ 67,356
Loss on sale of securities $ 330,804 $ -


This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc., and does not necessarily include the views of any other person or entity.

Contact:
Andrew Calerich, President Neal Feagans, Investor Relations
303.991.0173 Fax: [phone] Feagans Consulting, Inc
1050 17th Street, Suite 2400 - 303.449.1184
Denver, CO 80265

[analogdog]

when is next rev update?

[analogdog]

Hope volume continues.

[analogdog]

chart

[analogdog]

moved well today...

[futrcash]

Seems AEZ is still a ways off from any kind of meaningful production,and with no updates on drilling this stock isn't going anywhere even with all the current Bakken hype.
Their BEXP jv in the Mowry shale doesn't appear to be economic yet,and all their other wildcats seem to be languishing.

Anyone have something to add?
tia,
futrcash

[ivaline]

Positive news just came out:

http://biz.yahoo.com/prnews/080222/laf028.html?.v=101

[Golden Cross]

American Oil and Gas Provides Drilling and Completion Updates
Monday January 14, 8:00 am ET


DENVER, Jan. 14 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) provides the following operational update:
ADVERTISEMENT


Fetter Project

Hageman 16-34HR well: The Hageman well has recently reached total depth in the targeted Frontier formation and the drilling rig has been removed from the well site. Sidetracking operations in the Frontier, undertaken to maximize the intersection of naturally occurring fracture systems, resulted in three horizontal laterals totaling over 5,200 cumulative feet of lateral well bore, all of which was drilled in zone and will be opened up for production. Completion activities are underway and after completion, the well is expected to be immediately placed on production.

Wallis 6-23 well: The Wallis well has recently been drilled to a total depth of 13,000 feet. The drilling rig has been removed from the well site and completion operations have commenced. The Wallis well is the first vertical well to be drilled by American and partners in the Fetter project and is designed to test multiple prospective formations utilizing multi-stage frac technology. To date, the well has been completed and fracture stimulated in the Dakota formation, the deepest formation of interest in the well. As planned, the Dakota has been temporarily isolated below a cast iron bridge plug allowing completion operations to move up hole. Additional formations, including the Frontier, are prospective in the well. Upon completion and preliminary evaluation of these formations, the Dakota and our other zones of interest will be commingled, tested, and placed on production.

Sims 15-26H well: The 1,165 foot horizontal lateral, drilled into the targeted Frontier formation has recently been artificially fracture stimulated, cleaned up and returned to production at rates during the prior 25 producing days ranging from approximately 650 thousand cubic feet of natural gas equivalent per day to 7.2 million cubic feet of natural gas equivalent per day. The average production over this time period was approximately 1.7 million cubic feet of natural gas and 82 barrels of oil per day. Rates have fluctuated as natural gas production from the well has been affected by the relatively high oil to gas ratios currently being experienced, which is the subject of ongoing engineering, reservoir and production optimization analysis. Because of the high BTU content and the favorable high liquid content of the natural gas that is separate from the oil production (approximately three gallons per mcf), we received a price at the wellhead for November natural gas sales of $6.75 per mcf.

The Wallis 6-23, Sims 15-26H and Hageman 16-34HR wells are being funded by Red Technology Alliance ("RTA") and project managed by Halliburton Energy Services, Inc. ("Halliburton"). American is being carried through the tanks in this phase of the drilling program for a 23.125% working interest in each of the three wells, and currently owns a 92.5% working interest in the approximate 52,000 net (58,000 gross) acre Fetter acreage position. Upon completion of this initial drilling program, RTA will earn a 25% working interest in the undrilled acreage, American will retain a 69.375% working interest and privately held North Finn LLC will retain the remaining 5.625% working interest.

West Douglas Project

State Deep 7-16 well: Completion operations are currently underway in the Mowry formation, the primary objective in the State Deep 7-16 well. Test results from deeper formations yielded minor quantities of oil and natural gas, and information obtained from these deeper formations will assist with future drilling plans in the project area. The State Deep 7-16 well location was chosen to maximize the potential of the Mowry, however completion and testing programs are also planned for several prospective formations above the Mowry in the coming weeks.

Pursuant to the agreement with RTA, 100% of the cost to drill and complete the State Deep 7-16 well is being funded by RTA. American owns a 45% carried working interest in this test well and will retain a 45% working interest in the approximate 47,000 net (55,000 gross) acre West Douglas project area. Halliburton is project manager.

Pat O'Brien, CEO of American commented, "We are currently active on a number of wells in our Douglas and West Douglas project areas and are very pleased with the progress that is being made. RTA is expending the time, money and manpower necessary to gain as much geological and reservoir information as possible from the numerous formations these large acreage positions hold. This time and money will greatly optimize drilling and completion procedures in future wells. Of particular significance in the current program is the production history we are now getting from the Sims well, and will soon receive from the Hageman and Wallis wells, that will allow us to compare the economic and reserve recovery potential from a single zone horizontal well to that of vertical well with multiple formation completions. We look forward to providing additional updates as more information becomes available."

Krejci Project

Krejci Family Trust 32-1H Well: Drilling operations at the Krejci project have recently recommenced with the Krejci Family Trust 32-1H well following an extensive evaluation and study of the various drilling and completion methods used on prior wells. This well is currently at a measured depth of approximately 7,700 feet. Casing has been run through the turn and drilling is currently underway in the horizontal lateral section in the targeted Mowry formation. American owns a 45% working interest in the Krejci Family Trust 32-1H well and in the approximate 127,000 net (132,000 gross) acre Krejci project.

Goliath Project

Solberg 32-2 Well: In November, 2007, the Solberg 32-2 well tested at a restricted flow rate of approximately 2.1 million cubic feet of natural gas and 408 barrels of condensate per day (over 750 barrels of oil equivalent per day) from one interval within the Red River formation. Additional potentially productive intervals within the Red River formation could be tested and if productive, produced at a later date. The Solberg 32-2 well is currently shut-in and waiting on completion of a nearby natural gas processing plant and a pipeline that will connect the well, both of which are expected to be completed and operational before the end of the first calendar quarter of 2008.

American and other joint interest owners in the Goliath project have recently completed a 10.5 square mile 3-D seismic program in the area around the Solberg 32-2 well and are currently processing and interpreting the data. Information obtained from this seismic program will assist in the selection of additional Red River offset locations to the Solberg 32-2 well, and may identify additional Red River targets in this trend.

The Solberg 32-2 well is located within American's approximate 89,000 gross acre Goliath project in Williams County, North Dakota. American owns a non-operated 11.9% working interest (a net revenue interest of approximately 9.5%) in the Solberg 32-2 well. American's working interest in future wells will vary, and could be as high as 50%.

American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.

This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, the Company's dependence on future drilling success, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc. and does not necessarily include the views of any other person or entity.


Contact:
Andrew Calerich, President Neal Feagans, Investor Relations
303.991.0173 Fax: [phone] Feagans Consulting, Inc
1050 17th Street, 303.449.1184
Suite 2400 -- Denver, CO 80265

[ivaline]

They have a very nice revenue growth from last year.
Also, if you see the balance sheet, they have a bunch of cash with just a little of liabilities. When you see the chart, it had a triple bounce from last August till October. This would be a nice base around $5.25 so that this area would be a good price to buy, just IMO.
Thanks for looking and good luck with your trading.

Full financial statement:

http://finance.yahoo.com/q/is?s=aez

Chart:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=aez&sid=0&o_symb=aez

Do your DD because trading stock is very risky.

[frenchee]

New info in iBox...

[frenchee]

You would think AEZ would be up on this news. So far today it isn't. Investors must have expected much more positive news...

[ivaline]

Positive news out:

American Updates Goliath Project Activity
Thursday November 15, 8:30 am ET
Solberg 32-2 Well Tests At a Rate of Over 750 Barrels of Oil Equivalent Per day


DENVER, Nov. 15 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) announced today that preliminary production testing has recently been completed on the Solberg 32-2 well, located within American's approximate 87,000 gross acre Goliath project in Williams County, North Dakota. American owns a non-operated 11.9% working interest (a net revenue interest of approximately 9.5%) in the well which was drilled to a total depth of approximately 14,400 feet as an offset to a Red River formation discovery well that was drilled and is owned by another operator. The Solberg 32-2 well tested at a restricted flow rate of approximately 2.1 million cubic feet of natural gas and 408 barrels of condensate (light oil) per day at an average flowing tubing pressure of 2,500 psi on a 13/64ths choke. Additional potentially productive intervals within the Red River formation have not yet been tested, but could be tested and possibly produced at a later date. The Solberg 32-2 well is currently shut-in and waiting on completion of a nearby natural gas processing plant, which is expected to be operational by year-end.

American and other joint interest owners are currently acquiring additional seismic data by conducting a 10.5 square mile 3-D seismic program in the area around the Solberg 32-2 well. Data obtained from this seismic program will assist in the selection of additional Red River offset locations to the Solberg 32-2 well, and may identify additional Red River targets in this trend. American's working interest in future wells will vary, and could be as high as 50%.

American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.

This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, the Company's dependence on future drilling success, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc. and does not necessarily include the views of any other person or entity.

[frenchee]

So far good relative strength for American Oil & Gas as it's up in a broader market down day...

[frenchee]

AEZ seems to be starting to correct from the top end of its trading channel.

[WyoInvestor]

Not really. Been flaring off gas for a long time. Tell you the truth, I've had so many other things that have come up over the last couple weeks I forgot about it. I will try to get some on-site DD and phone calls done this week and I will let the board know.

Wyo

[deano319]

Wyo, you been hearing anything new about the well in your area?

[WyoInvestor]

here is the PR from our local paper

http://www.douglas-budget.com/articles/2007/05/30/news/local_news/news10.txt

[deano319]

Hello, I watch their Bakken play in No. Dak. They have a well coming online there. What have you been hearing in your area? Is it concerning the well RTA is drilling?

[WyoInvestor]

Anyone around here? AEZ is drilling or has drilled a well just north of here that appears to be a nice one. They are still working it, and I think drilling horizontal at this time. Anyone know anything or have much info on the company? I have been looking for an active board on AEZ or any recent information concerning their drilling in Wyo and haven't found anything.

The information I received yesterday was after the markets closed, but sounded like it could be good. I am going to try to do some research over the long weekend and hopefully pick up some shares Tuesday if I can get my DD done. Any information on places to look is appreciated.

Wyo

[deano319]

Active forum is =
http://www1.investorvillage.com/smbd.asp?mb=587&clear=1&pt=m

[Golden Cross]

Teton Energy Provides Third Quarter 2006 Operations Update
Wednesday November 8, 8:00 am ET
Third Quarter 2006 Production Volumes Increase 487 Percent Over Third Quarter 2005


DENVER, Nov. 8 /PRNewswire-FirstCall/ -- Teton Energy Corporation ("Teton") (Amex: TEC - News) today provided an operations update on its Piceance, Denver-Julesburg and Williston Basin projects.
ADVERTISEMENT


Piceance Basin. To date, Teton has participated in the drilling of 26 gross wells on its 6,315 gross acre project in the Piceance Basin with Berry Petroleum (NYSE: BRY - News), as operator. Teton has a 25 percent working interest with approximately 628 gross locations on 10-acre spacing. During the third quarter 2006, Teton participated in the drilling of five gross wells. Of the total 26 wells, 20 wells are currently producing and flowing to sales, four wells are waiting on completion, and two wells are currently drilling.

Estimated net production volumes for the quarter ended September 30, 2006 were 264 million cubic feet ("MMcf"), averaging 2.9 million cubic feet per day ("MMcfd"). This represents an increase of 487 percent from the third quarter 2005 net production volumes of 45 MMcf, averaging 0.5 MMcfd.

Denver-Julesburg Basin. To date, Teton has participated in the drilling of 17 wells as part of the initial pilot program on the Area of Mutual Interest with Noble Energy, Inc. (NYSE: NBL - News; "Noble Energy"). Teton announced on November 7, 2006 that it had purchased an additional 56,000 gross acres in the DJ Basin (42,000 net). This purchase, along with acreage added over the past several months brings the Company's gross acres dedicated to the eastern DJ project to 266,000. As part of the agreement with Noble Energy, Teton is being carried on the first 20 wells. After completion of the first 20 wells, Teton and Noble Energy will split all costs associated with future drilling according to each party's working interest percentage; Teton, 25 percent and Noble Energy, 75 percent. Teton will receive 25 percent of any revenues derived from the first 20 wells.

All 17 wells that have been drilled reached a minimum target depth of 2,000 feet, where the target zone is the Beecher Island Chalk, a member of the Niobrara formation. The average drilling time for each well is 1.5 days.

Seven wells have been drilled in the Chundy prospect area, located in Chase and Dundy Counties, Nebraska: the Jones #12-31, Jones #32-31, State #44-36, the Ambrosek #11-5, the Jones #31-31, the Jones #41-31 and the Jones #42-31. The Jones #12-31, the Jones #31-31, the Jones #41-31 and the Jones #42-31 have been logged, cased and are waiting on completion. The Jones #32-31 and Ambrosek #11-5 wells have been perforated and fracture stimulated. The fracture stimulation was successful, staying within the Beecher Island zone. The Jones #32-31 and Ambrosek #11-5 wells are currently testing gas and water production to determine commercial viability. The State #44-36 well was plugged and abandoned based on log evaluation.

Ten wells have been drilled in the Grant prospect area, located in Perkins County, Nebraska: the Karre #42-26, State #11-36, Hagan #41-27, Karre #31-26, Hagan #22-26, the Kroeker #11-25, the Hagan #21-26, the Hagan #31-27, the Malmkar #44-22 and the Kroeker #14-24. The Karre #42-26, the Karre #31-26, the Hagan #21-26, the Hagan #31-27, the Malmkar #44-22 and the Kroeker #14-24 have been logged, cased and are waiting on completion. The Hagan #41-27 and the Kroeker #11-25 are currently testing gas and water production to determine commercial viability. The State #11-36 and Hagan #22-26 wells were plugged and abandoned based on log evaluation.

The Company and its partner are currently in the process of completing a gathering system in the Grant and Chundy areas to gain access to the Kinder Morgan pipelines, Pony Express in Chundy and Trailblazer in Grant. The pilot program may also include further 2-D and 3-D seismic evaluation.

Williston Basin. Teton is participating in the drilling of its first prospect on its Goliath leasehold of approximately 90,000 gross acres, 16,000 net to the Company's interest. The Champion 1-25H well, located in Section 24 and 25 of T157N - R97W in Williams County, North Dakota is targeting the Mississippian Bakken Formation as the primary target zone. This horizontal, tri-lateral well is currently starting the second lateral after drilling the initial west lateral. Following the drilling of the three laterals, it is expected that the well will be fracture stimulated and will go through a production testing period. Teton will have 25 percent working interest and 20 percent net revenue interest in this Williston Basin well. The partnership consists of American Oil and Gas, Inc. (Amex: AEZ - News; 50 percent working interest) and the designated operator, Evertson Operating Company (25 percent working interest).

"Driven by 487 percent year over year production growth from our Piceance project, the third quarter was very successful operationally for Teton," Andrew Schultz, Vice President of Production, stated. "We are cautiously optimistic about the preliminary results from the DJ Basin. Momentum remains strong as we continue drilling out our inventory covering all three projects. Our overall goal is for our drilling program to increase the realization of net asset value for our shareholders."

For a detailed map of the each of the projects' acreage blocks and well locations, please visit the Company's website at www.teton-energy.com

Conference Call Information. Teton invites you to listen to its third quarter 2006 results conference call via telephone or live webcast on Tuesday, November 14, 2006 at 11:30 a.m. Eastern, 9:30 a.m. Mountain time. To listen via telephone, dial [phone] ([phone] for international callers) five to ten minutes before the start of the call. A replay will be available through November 21, 2006 by dialing [phone], pass code 2869142. The live conference call may also be accessed on the Internet by logging onto Teton's website at www.teton-energy.com. Select Investor Relations, then the webcasts and Presentations option on the menu. Log on at least ten minutes prior to the start of the call to register, download and install any necessary audio software. An audio replay of the call will also be available on the Company's website.

Company Description. Teton Energy Corporation (Amex: TEC - News), is an independent oil and gas exploration and production company based in Denver, Colorado. Teton is focused on the acquisition, exploration and development of North American properties and has current operations in the Rocky Mountain region of the U.S. The Company's common stock is listed on the American Stock Exchange under the ticker symbol "TEC". For more information about the Company, please visit the Company's website at www.teton-energy.com.

[deano319]

As the drilling steps west of the Nesson Anticline here is what they are finding so far.


This is the American well number

NDIC File No: 16332
Well Type: ON CONFIDENTIAL STATUS
Current Well Name: EVERTSON AOG CHAMPION 1-25H
Field: WILDCAT



This is the Marathon well that rumor calls to be a good well

NDIC File No: 16285
Well Type: ON CONFIDENTIAL STATUS
Current Operator: MARATHON OIL COMPANY
Current Well Name: FOSS 21-30H
Field: WILDCAT

This is one of the smaller wells

NDIC File No: 16030
Current Operator: PDC CORPORATION
Current Well Name: VIOLET OLSON 31-29
IP Test Date: 3/6/2006 Pool: BAKKEN IP Oil: 126 IP MCF: 128 IP Water: 234
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 8-2006 31 1014 1072 653 2320 2198 0
BAKKEN 7-2006 31 1117 1115 772 2694 2539 0
BAKKEN 6-2006 30 1313 1529 1087 3210 3114 0
BAKKEN 5-2006 22 1496 1262 1928 4166 4166 0
BAKKEN 4-2006 24 1484 1716 913 2848 2409 439
BAKKEN 3-2006 19 2691 2257 1062 3716 272 3444



Here is a well close by the American property.

NDIC File No: 16086
Status Date: 5/27/2006
Current Operator: MUREX PETROLEUM CORPORATION
Current Well Name: ERIN LYNN 3-10H

IP Test Date: 5/27/2006 Pool: BAKKEN IP Oil: 303 IP MCF: 393 IP Water: 0
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 8-2006 23 7728 7563 0 11690 11690 0
BAKKEN 7-2006 31 7619 7259 0 10351 10351 0
BAKKEN 6-2006 26 2945 3446 0 3493 3493 0
BAKKEN 5-2006 6 1175 407 0 1249 1249 0



Here is another one.

NDIC File No: 15683
Current Operator: MUREX PETROLEUM CORPORATION
Current Well Name: STACEY-LYNNE 1-12H
IP Test Date: 3/10/2005 Pool: BAKKEN IP Oil: 436 IP MCF: 512 IP Water: 12
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 8-2006 21 1548 2493 0 2183 2183 0
BAKKEN 7-2006 31 3431 2954 0 3376 3376 0
BAKKEN 6-2006 30 3423 3925 0 3721 3721 0
BAKKEN 5-2006 31 3611 3280 0 4250 4250 0
BAKKEN 4-2006 30 3615 4288 0 4036 4036 0
BAKKEN 3-2006 31 3898 3036 0 4628 4628 0
BAKKEN 2-2006 28 3903 3698 0 3862 3862 0
BAKKEN 1-2006 31 4103 5025 0 4529 4529 0
BAKKEN 12-2005 31 4074 3529 0 4398 4398 0
BAKKEN 11-2005 30 4238 4128 0 4857 4857 0
BAKKEN 10-2005 31 4976 5118 0 5725 5725 0
BAKKEN 9-2005 30 4941 4805 0 6377 6377 0
BAKKEN 8-2005 31 4981 4946 0 5611 5611 0
BAKKEN 7-2005 31 5317 5441 0 5131 5131 0
BAKKEN 6-2005 9 1365 878 274 1051 1051 0
BAKKEN 5-2005 5 407 441 98 529 0 529
BAKKEN 4-2005 15 3390 3656 43 4407 0 4407
BAKKEN 3-2005 25 8814 8394 107 11458 0 11458
BAKKEN 2-2005 4 1514 1514 0 1968 0 1968
BAKKEN 1-2005 25 1023 1023 0 1330 0 1330

[deano319]

Teton Energy (TEC) owns 25% of the American Bakken play. They have a low float. Here is a PR released concerning a find in the DJ Basin
http://www.wallst.net/news/news.asp?Source=QUOTEMEDIA