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

[deano319]

Here is a press release on one of Americans Wells in Wyoming that is being completed. This is the well that American announced that they are very excited about.

Click here: http://www.turnkeyep.com/docs/10%2012%2006%20Turnkey%20Inc%20Operations%20Update.pdf

A second discovery well in a separate area of Wyoming is being tested and completed (Krecji Federal 3-29) It is apparently commercial because the driller, Brigham Exploration has applied for and received a permit for a second well to spud in late October (Mill Truse 1-12H).
http://phx.corporate-ir.net/phoenix.zhtml?c=99916&p=irol-newsArticle&t=Regular&id=913627...

[deano319]

In the early 80's there was a well drilled vertically on the American drill site. It has since been plugged, but at the time they logged the Bakken. Here is a log comparison of the American prospect to a another Bakken well 9 miles east of this site. The comparison well came in at 400 barrels per day. The American site according to audio testimony to the North Dakota Oil and Gas commission during the permitting process indicates the company feels that they have 6 percent porosity and hope to make a 400 barrel per day well. Check this website and scroll down to see the comparison log. You will notice the Bakken looks good, however the cross section is not as thick as the comparison well. http://webpages.charter.net/oilandgas/

[mitcheroo]

deano, have you scared up anything else? The giant is stirring a little--nice little jump today.

[deano319]

Whiting Petroleum has been drilling a well 3 miles south of the American Oil location. The well is completed, but they have not released any news on it yet. Interesting though is that they just were approved to drill another well adjacent to this one to the North. I would take this as an indication that they have made a good well out of the first one. This new location is two sections south of the American well.

NDIC File No: 16396 API No: 33-105-01595-00-00
Well Type: OG Well Status: LOC Status Date: 10/4/2006 Wellbore type: VERTICAL
Location: NESW 2-156-97 Footages: 1520 FSL 1980 FWL Latitude: 48.360829 Longitude: -103.122249
Current Operator: WHITING OIL AND GAS CORPORATION
Original Operator: WHITING OIL AND GAS CORPORATION
Current Well Name: PERDUE 23-2
Original Well Name: PERDUE 23-2
Elevation(s): 2259 GL Total Depth: Field: RAY
Completion Data
Pool: DEADWOOD Status: LOC Date: 10/4/2006


Here is a comment from my oil company contact in North Dakota:

I heard they found oil and gas in the Red River with the Foss well. It looks like they are going to drill another well looking for deep gas. The Deadwood is even deeper than the Red River. It produced gas on the Nesson Anticline which is 10-miles roughly to the east. There is good chance they will find gas there too if they are on a structure.

[mitcheroo]

well the sleeping giant just had a cardiac arrest.

anyone know what the hell happened here?

[deano319]

Hello, I am curious if many investors are watching this stock. I believe this to be a sleeping giant. I have done some research and can make it available if there is an interest.

[Golden Cross]

Teton Energy Announces First Well Spud in the Williston Basin
Wednesday September 27, 8:00 am ET


DENVER, Sept. 27 /PRNewswire-FirstCall/ -- Teton Energy Corporation ("Teton") (Amex: TEC - News) announced today that it has spud its first well in the Williston Basin on its Goliath leasehold of approximately 90,000 gross acres, 16,000 net to the Company's interest.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO )

The Champion 1-25H, located in Section 24 and 25 of T157N - R97W in Williams County, North Dakota initiated drilling on September 25, 2006. The Mississippian Bakken Formation is the primary target zone of this horizontal, tri-lateral well and is located at a depth of approximately 10,500 feet. The well is currently drilling at approximately 1,825 feet. Drilling should take approximately 60 to 75 days with a testing period following fracture stimulation. Teton will have 25 percent working interest and 20 percent net revenue interest in this and subsequent wells. The partnership, consisting of American Oil and Gas, Inc. (Amex: AEZ - News; 50 percent working interest) and the designated operator, Evertson Operating Company (25 percent working interest) will continue to evaluate the project following results from this exploratory well.

Toby Schultz, Vice President of Production, stated, "This oil resource play could give Teton the opportunity to participate in over 100 gross un-risked locations based on 640-acre spacing. If successful, the use of innovative horizontal drilling technology will also assist in unlocking the value of this emerging play."

For a detailed map of the acreage block and well location, please visit the Company's website at www.teton-energy.com.

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.

[Golden Cross]

American Oil & Gas Commences Drilling at Krejci Project
Thursday July 27, 1:03 pm ET


DENVER, July 27 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) reports that drilling activity has commenced in its Krejci project area with drilling operations on the Krejci Federal 3-29 well. The Krejci 3-29 well, located in Niobrara County, Wyoming, is the first of two currently planned wells to be drilled in the Krecji AMI project area where American controls an approximate 90% working interest in over 63,000 gross acres. Both wells are designed to be horizontal tests of the 7,500 foot deep Mowry shale formation. Austin, Texas based Brigham Exploration Company (Nasdaq: BEXP - News) will participate in and operate the two well program.
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Under the terms of the agreement, Brigham will fund 100% of the drilling and completion costs of the initial two well horizontal drilling program. Brigham will carry American and North Finn, LLC for their respective 45% and 5% shares of all drilling and completion costs. Brigham will own a 50% interest in each of the first two wells with American owning 45% and North Finn owning 5%. Upon completion of the two well program, plus an additional $1 million of capital expenditures in the AMI project area by Brigham, Brigham will earn 50% of American's 90%, and 50% of North Finn's 10% working interests in the entire project AMI.

American anticipates that the Krejci 3-29 well could take 30 to 45 days to drill and evaluate at a total cost of between $3 million to $3.5 million. The second well is currently expected to commence within 120 days from rig release of the first. Any subsequent wells will be operated by either American or Brigham, depending on their location within the project area, and will be funded and owned on the basis of American 45%, Brigham 50% and North Finn 5%.

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 can be found at the Company's website: 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, 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. 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

[Golden Cross]

American Oil & Gas Recommences Drilling Activity at the Fetter Project
Friday July 7, 11:36 am ET


DENVER, July 7 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) has recommenced drilling activity in its Fetter project area with drilling operations on the Company's State 4-36-H well. The State 4-36-H well, located in Converse County, Wyoming, is the first of two currently planned wells to be drilled in the Fetter project area. Both wells are designed to be horizontal tests of the approximate 11,500 foot deep Frontier formation. Turnkey E&P Corporation, a wholly owned subsidiary of Calgary, Alberta based Turnkey E&P Inc. will participate in the two wells, and also will serve as operator and apply casing drilling technology through the use of one of its four purpose-built casing drilling rigs.
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Casing drilling utilizes the actual steel casing as the drilling string, versus drilling with drill pipe, and installs the casing in the wellbore while drilling. This process has been shown to reduce, overcome or eliminate the risk of wellbore collapse, stuck pipe, lost circulation and other well control issues in many applications and is currently being used as the method of choice in a number of field development programs. Cost savings can be another potential benefit of using casing drilling, as the possibility exists of eliminating one or more casing strings. Casing drilling on this two well program will be used in conjunction with a modified version of the underbalanced horizontal drilling technology previously used on the Sims 16-26 well last fall, which was American's initial attempt at drilling in the Fetter area. The Sims 16-26 well temporarily produced natural gas and liquid hydrocarbons at rates up to 15 million cubic feet equivalent per day, from approximately 255 feet of lateral wellbore (out of a planned 2,000 feet) that was drilled into the Frontier formation. Wellbore and mechanical problems resulted in the loss of the lateral section of the well and subsequent side tracking resulted in the well being drilled vertically to total depth in a fashion that does not support fracture stimulation. The Sims well continues to produce minimal amounts of natural gas and condensate. American's second well in its Fetter project area, the Hageman 16-34, was drilled and cased to 8,625 feet before drilling rig issues required temporarily suspending drilling operations and releasing the rig in November 2005. Although plans are not to immediately re-enter the Hageman well, future plans include coming back to the Hageman well to complete drilling operations.

Under the terms of the agreement with Turnkey, Turnkey will operate and pay for 60% of the costs before casing point and 40% of the costs after casing point in order to earn a 40% working interest in the first two wells and in the 640 acre spacing unit surrounding each. American will pay for 27% of the costs before casing point and 40.5% of the costs after casing point and will retain a 40.5% working interest in these two initial wells. It is anticipated that the State 4-36-H could take approximately 60 to 75 days to drill and evaluate at a total cost of between $4.7 million to $6 million ($1.46 million to $1.86 million, net to American).

If certain drilling criteria are met on these initial test wells, Turnkey has the option to purchase a 15% working interest in the Fetter acreage block, encompassing the approximate 51,000 gross acres, for approximately $750,000. If Turnkey exercises its option, American's existing 67.5% working interest would be reduced by 10.125%, to 57.375%, and American's share of the $750,000 payment would be approximately $500,000.

Upon mutual agreement, a third test well may be drilled on a non-promoted basis, in order to further evaluate the casing drilling technology. Should a third test well be drilled, Turnkey would pay 30% of the costs and would earn a 30% working interest and American would pay 47.25% of the costs and would retain a 47.25% working interest.

The Fetter field project area consists of approximately 51,000 gross acres within American's approximate 120,000 gross acre Douglas project located in the southern portion of the Powder River Basin of Wyoming. The Fetter field has a history of various exploration and developmental attempts with numerous wells having been drilled over four decades that have encountered and/or produced natural gas and condensate from the Niobrara and Frontier formations.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanog.com.

[hettygreen]

HEC on the rise...Vol will exceed 1million.
Time to buy imho.

[hettygreen]

Shares O/S for HEC & 7 other oil/gas Co'.s
From Reuters Provester Plus Reports:

TGC: 59,000,000 EPS of .03 Annual Revenue of 7,173,000
HEC: 222,478,000 EPS of .19 Ann Rev of $40,000,000 in 2004 was 29,000,000
DNE: 59,245,000 EPS of -.07
AEZ: 36,687,000 EPS of .07 Annual Revenue $4,000,000
DBLE 8,628,604 EPS of .46 Annual Revnue $20,000,000
CSPLF 14,496,165 EPS of .21 Annual Rev of 18,411,000
BDCO: 11,547,849 EPS of .14 Annual Rev of 4,511,000

[Golden Cross]

American Oil & Gas Reports 1st Quarter 2006 Results
Monday May 22, 8:00 am ET


DENVER, May 22 /PRNewswire-FirstCall/ -- American Oil and Gas, Inc. (Amex: AEZ - News) today announced net income of $2,236,354 (six cents per share, basic and diluted), for the quarter ended March 31, 2006, as compared to net income of $60,818 ($0.00 per share, basic and diluted), for the quarter ended March 31, 2005. Included in net income for 2006 is a gain of $4,254,854 ($2,565,677, net of tax) from the sale of American's Big Sky project, which was sold on March 31, 2006 for a contract price of $11.5 million. During the quarter ended March 31, 2006, the Big Sky project accounted for approximately 95% of American's oil and natural gas production revenues and approximately 88% of its proved oil and natural gas reserves.
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During the quarter ended March 31, 2006, American sold 24,933 barrels of oil at an average price of $54.96, resulting in oil revenues of $1,370,416, and sold 23,038 Mcf of natural gas at an average price of $8.70 per Mcf, resulting in natural gas revenues of $200,236. During the quarter ended March 31, 2005, American sold 13,726 barrels of oil at an average price of $45.59, resulting in oil revenues of $625,737, and sold 10,069 Mcf of natural gas at an average price of $6.06 per Mcf, resulting in natural gas revenues of $60,990.

American's general and administrative expenses were $1,072,570 and $466,707 for the quarters ended March 31, 2006 and 2005, respectively. The increase in the current quarter is primarily attributable to a non-cash charge of $498,360 for the estimated value of employee stock options resulting from our adoption of FAS 123® Share-Based Payments in accordance with generally accepted accounting principals. The increase is also attributable to salaries and related expenses of approximately $208,000.

At March 31, 2006, American had $13.1 million of working capital, $35.2 million of total assets, $2.3 million of current liabilities, long-term portion of deferred income taxes of $1.5 million and stockholders' equity of $31.2 million. There are currently 36,687,134 common shares and 250,000 series AA convertible preferred shares outstanding.

Operationally, American currently expects to commence drilling the first of two additional wells at its Fetter project in late June 2006, after the drilling rig scheduled to move onto the project completes the second of a two well prior commitment. American also currently expects drilling operations to commence at its Krejci and Goliath projects, subject to rig availability, in mid-summer 2006. In addition, American has sold its interest in the Bear Creek project, located in the Big Horn Basin of Montana, to GSL Energy Corporation and received a convertible note in the amount of $1,080,000. The note calls for a 14% annual interest payment and is convertible into 2,106,000 shares of GSL restricted common stock.

[Golden Cross]

American Oil & Gas Closes on Goliath Participation Agreement
Tuesday May 9, 8:00 am ET


DENVER, May 9 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) has closed on the previously announced participation agreement with Teton Energy Corporation (Amex: TEC - News) to participate in American's Goliath project in the Williston Basin of North Dakota. Teton purchased a 25% working interest in the approximate 58,000 net acreage position, for $6.16 million. Teton paid American $2.46 million in cash at closing and Teton will pay $3.69 million toward American's retained 50% working interest for drilling and completion costs on the first two wells.
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The Goliath joint venture participation consists of American (50%), Teton (25%) and Evertson Operating Company (25%). Evertson, the designated operator, plans to drill the initial two multi-lateral horizontal test wells to the Mississippian Bakken Formation at a depth of about 10,500 feet beginning mid-year 2006. Multiple stage fracture stimulation will be used to maximize potential recoveries. 640 acre spacing could allow for at least 100 locations over the acreage if economic recoveries are confirmed by the initial test wells. Secondary horizons include in the Madison, Duperow, Red River, Nisku, and Interlake formations.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.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, 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. 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 1850 - 303.449.1184
Denver, CO 80265

[hettygreen]

HEC news. POSITIVE TEST RESULTS

1,100 boepd and Harken still gets 34%of total revenues of global to add to harkens bottom line nice !!!!

.
RNS Number:4081C
Global Energy Development PLC
04 May 2006


Immediate Release 4 May 2006


GLOBAL ENERGY DEVELOPMENT PLC


POSITIVE TEST RESULTS AND PLACING ON PRODUCTION OF TILODIRAN 2 WELL

Global Energy Development PLC ("Global" or the "Company"), the Latin America
focused petroleum exploration and production company (LSE-AIM: "GED"), is
pleased to announce positive test results from its Tilodiran 2 exploratory well
on the Rio Verde Exploration and Production Concession contract area in the
central Llanos region of Colombia.

The Company perforated two intervals between 13,020 feet and 13,230 feet and
tested the Upper Massive Ubaque and Upper Gacheta formations of the Tilodiran 2
well. These formations are two of an overall six potentially oil productive
zones that were identified by the management team with the four other zones not
tested at this stage.

The Tilodiran 2 well, using mid-range pump speeds, produced at a maximum
short-term rate of 2,746 bopd of 16 degree API gravity oil and 761 mcfd of
methane for a total maximum short-term rate of 2,873 boepd. Two productive
formations, the Upper Massive Ubaque and the Upper Gacheta, were tested on a
combined, commingled basis to achieve these maximum rates. The Upper Gacheta
produced 19 degree API gravity crude at a very low solution gas-oil ratio and
essentially zero BS&W. The Upper Massive Ubaque, which is 200 feet below the
Upper Gacheta, produced 15 degree API gravity crude at a solution gas-oil ratio
of 275 cubic feet of methane per barrel of oil and a variable BS&W rate of 35%
to 65%. Based on the Company's experience, the gas-oil ratio for the Upper
Massive Ubaque is exceptionally favourable and should enhance the long term
deliverability of oil from this formation.

Given these gas-oil ratio and water cut characteristics the Company currently
estimates a stabilized oil rate at the minimum possible pump speed to be
approximately 1,100 boepd. After arranging for additional surface handling
equipment as well as the necessary trucking capacity for short-term oil
transportation, Global will look to place the Tilodiran 2 well on continuous
production within four weeks. The Company's recent gross production, prior to
the placing on continuous production of the Tilodiran 2 well, is 1,050 bopd.

Future production rates from the Tilodiran 2 well may increase assuming the
successful addition of other potentially oil productive formations. Conversely,
the Company may decide to restrict production rates according to what Global
determines to be the maximum efficient sustainable rate of production according
to prudent reservoir management techniques.

The Company intends drilling another well in the Tilodiran field later in 2006.
The Company will look to test the Mirador formation in this well in addition to
others if present and bearing moveable hydrocarbons. The Mirador formation was
untested in the Tilodiran 2 well but is considered by the management team to
potentially be the most significant due to the Mirador's enhanced permeability
and oil gravity characteristics found in similar fields in the Llanos region.

Global's net interest in the Tilodiran 2 well is 89.5%. A total 10.5% royalty is
payable to others which includes 8% to the National Hydrocarbons Agency of the
Republic of Colombia, with the size of the royalty to be determined by future
production levels.

Of particular interest to the Company is that the Rio Verde contract is
contiguous with the southern boundary of Global's newly signed Los Sauces
Exploration and Production Concession contract. Based upon data currently
available the management team believe the Tilodiran field is part of a larger
trend to the north into the Los Sauces contract area as well as further to the
east in the Rio Verde contract area. Further action to define the scope of these
opportunities is planned prior to the end of 2006 and continuing into 2007.


Commenting on the successful Tilodiran 2 well, Stephen Voss, Global's Managing
Director, said:

"We are extremely pleased with the results of the Tilodiran 2 well production
test. The well shows preliminary evidence of very significant oil deliverability
that will have a considerable impact on the Company's production volumes and
revenues.

Our immediate work plans are to install additional production facilities and
begin planning for a pipeline extension to a junction 10 kilometres northwest of
Tilodiran so that further field drilling can be undertaken later this year.

Although we were unable to test all productive zones in the Tilodiran 2 well at
this stage, our future development plans will include specific efforts to
identify the productive potential of other formations, including the regionally
prolific Mirador. The Company is also very excited about the potential to extend
this success to other adjacent geologic features that appear similar to our
Tilodiran field."

For further information:


Global Energy Development PLC
Catherine Miles, director of Investor Relations [phone]
www.globalenergyplc.com [phone]
-------------------------------------------------


Notes to Editors:


Global has been listed on the AIM Market of the London Stock Exchange since
March 2002 (LSE-AIM: "GED"). The Company currently holds in excess of 5.2
million acres through nine contracts in Colombia and Peru, an exclusive
Technical Evaluation Agreement ("TEA") in Colombia and a concluded exclusive TEA
in Panama. Global's portfolio comprises production, developmental drilling and
workover opportunities and several high-potential exploration projects.


Glossary:


boepd - barrels of oil equivalent per day

bopd - barrels of oil per day

BS&W - basic sediment and water

mcfd - thousand cubic feet of gas per day



This information is provided by RNS
The company news service from the London Stock Exchange

END
DRLUUUMPAUPQGRW

[Golden Cross]

AEZ/TEC: Teton Energy Announces Participation in North Dakota Bakken Oil Play
Tuesday April 11, 8:00 am ET


DENVER, April 11 /PRNewswire-FirstCall/ -- Teton Energy Corporation (Amex: TEC - News) today announced that it has signed a definitive agreement with American Oil and Gas, Inc. (Amex: AEZ - News) to acquire a 25% working interest in approximately 45,000 net acres in the Williston Basin located in North Dakota. The acreage is located in Williams County, directly west of the prolific Nesson Anticline. The transaction is scheduled to close at the completion of due diligence on May 5, 2006.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO)

The Mississippian Bakken Formation is the target zone in this emerging basin centered oil play. Horizontal drilling is generally used to access oil productive zones within the formation. The partnership, consisting of American (50%), Teton (25%) and Evertson Operating Company (25%), the designated operator, plans to drill two multi-lateral horizontal wells in 2006 to test the acreage. Based on 640-acre spacing, there are an estimated 100 gross drilling locations across the acreage block.

Per the terms of the agreement, Teton will pay American approximately $2 million in cash at closing and will pay approximately $3 million of American's 50% share for drilling and completion on the two planned wells. In additional to the $3 million that Teton will pay with respect to American's working interest, Teton will also pay its 25% share of drilling and completion costs. Teton anticipates that it will fund the acquisition from existing cash on hand.

[Golden Cross]

AEZ/TEC: American Oil & Gas Announces Participation Agreement at Goliath Project
Tuesday April 11, 8:00 am ET


DENVER, April 11 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) has entered into a participation agreement with Teton Energy Corporation (Amex: TEC - News) to participate in American's approximate 65,000 gross (45,000 net) acre Goliath project in the Williston Basin of North Dakota. Under the terms of the agreement, Teton will purchase a 25% working interest in the Goliath acreage position for approximately $5 million, with approximately $2 million of this amount to be paid to American at closing. Teton will also pay the first $3 million of American's share of drilling and completion costs in the project to cover the remaining portion of the purchase price. Closing is expected to occur on May 5, 2006. American currently owns a 75% working interest in the Goliath project acreage, and will own 50% after closing with Teton.
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Andrew Calerich, American's President and CFO commented by saying, "We are now positioned where we want to be in the Goliath project and we expect that the proceeds from this transaction will cover our entire capital commitment in the initial two well program. We have been very impressed with the management and technical expertise that Teton has demonstrated during its evaluation of this opportunity and we look forward to having the Teton team as a joint interest owner at Goliath."

The Goliath Project's primary target is the Mississippian Bakken Formation, which has certain geological similarities to the Mississippian Bakken Formation at the Elm Coulee field in Richland County, Montana where we recently announced the sale of our Big Sky project. Secondary potential exists in the Mission Canyon, Duperow and Red River formations in this emerging horizontal drilling play. The first of two multi-lateral horizontal wells is expected to commence drilling at Goliath in approximately 90 days, with the second well commencing within 120 days after rig release from the first well.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.

[Golden Cross]

American Oil & Gas Reports 2005 Financial Results
Friday April 7, 8:51 am ET


DENVER, April 7 /PRNewswire-FirstCall/ -- American Oil and Gas, Inc. (Amex: AEZ - News) today announced oil and gas revenues of $4,691,381 and net income of $602,874 (income of two cents per share, basic and diluted), for the fiscal year ended December 31, 2005 ("2005"), as compared to oil and gas revenues of $746,242 and a net loss of $499,651 (loss of two cents per share, basic and diluted), for the fiscal year ended December 31, 2004 ("2004"). American's Big Sky project, which was sold on March 31, 2006 for $11.5 million in cash, accounted for approximately 95% of its oil and gas production and revenues for 2005.
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During 2005, American sold 78,954 barrels of oil at an average price of $53.89, resulting in oil revenues of $4,254,944 and sold 59,733 Mcf of natural gas at an average price of $7.31 per Mcf, resulting in gas revenues of $436,437. During 2004, American sold 12,849 barrels of oil at an average price of $41.58, resulting in oil revenues of $534,288, and sold 48,965 Mcf of natural gas at an average price of $4.33 per Mcf, resulting in gas revenues of $211,954.

American's general and administrative expenses were $2,032,256 and $945,114 for 2005 and 2004, respectively. The increase results from increased payroll costs ($461,000) associated with its merger with Tower Colombia Corporation, from a management fee ($90,000) paid to Tower for the period from January 1, 2005 through the date of the merger, increases in accounting ($90,000) related to implementation of internal controls over financial reporting pursuant to Sarbanes Oxley, listing fees paid to the American Stock Exchange ($72,000) and an increase in Directors fees ($113,000). The remaining increase is attributable to increases in investor relations expenses, rent, travel expenses and other costs to support our expanding oil and gas operations.

At December 31, 2005, American had working capital of $6,911,000, total assets of $29,549,000, a long term asset retirement obligation of $117,000, a deferred income tax obligation of $157,000, and stockholders' equity of $27,841,000. There are currently 36,653,264 common shares and 250,000 series AA convertible preferred shares outstanding.

[Golden Cross]

American Oil & Gas Receives $11.5 Million From Sale Of Big Sky Project
Monday April 3, 8:00 am ET
American Also Reports Estimated Revenues and Net Income For 2005


DENVER, April 3 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) has closed on the sale of its ownership interest in its Big Sky Project, for cash of $11.5 million. American's Big Sky Project includes working interests in 25 gross (approximately 1.11 net) producing wells and approximately 1,660 net undeveloped leasehold acres in the Elm Coulee field located in Richland County, Montana.
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Andrew Calerich, President and CFO said, "our Big Sky Project proved to be everything we had hoped for when we positioned into this play in late 2003. It has provided us meaningful oil and gas production and has greatly assisted us in understanding the tremendous production potential of the Mississippian Bakken formation. This project also demonstrates how the combination of horizontal drilling and modern stimulation methods can greatly enhance production and proved reserves."

The history of the Big Sky Project area dates back to the early 1990's, when the majority of wells drilled vertically to the Bakken formation resulted in initial production rates of up to 50 barrels of oil per day, and were marginally economic. With the advent and application of horizontal drilling and modern fracture stimulation technologies, many wells that American participated in resulted in production rates in excess of 1,000 boe per day.

"Despite our success, we believe that the future upside that the Big Sky Project offered to American was limited by the fact that we were at or near peak production from the project with production from new wells offsetting declines from older ones," Calerich commented. "By monetizing this asset, and capturing multiple years' of future cash flow now, we can redeploy this capital into our Goliath, Fetter and Krejci projects where we believe our upside is much greater." During 2005, American recorded approximately $4.5 million of revenues from oil and gas production from the Big Sky Project.

American currently owns a 75% working interest in the approximate 65,000 gross (45,000 net) acre Goliath project, which also targets the Bakken formation, in the Williston Basin of North Dakota. The first of an initial two well program is expected to commence drilling at the Goliath project in early summer, 2006. In addition, American has secured a drilling rig and plans to commence drilling the first of two new test wells in the approximate 59,700 gross (41,200 net) acre Fetter project beginning in late May, 2006 and also expects to commence drilling the first of two new test wells in the approximate 79,750 gross (51,500 net) acre Krejci project by July 1, 2006, subject to obtaining a suitable drilling rig.

American also announced today that it expects to report oil and gas revenues of $4,691,381 and net income to common stockholders of $602,874 (net income of two cents per share basic and diluted), for the year ended December 31, 2005, as compared to oil and gas revenues of $746,242 and a net loss to common stockholders of $499,651 (net loss of two cents per share, basic and diluted), for the prior fiscal year ended December 31, 2004.

American expects to file its Annual Report on Form 10-KSB on or before April 10, 2006.

American Oil and 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 and Gas, Inc. can be found at the Company's website: http://www.americanoilandgasinc.com.

This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil and 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. This press release may include the opinions of American Oil and 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 1850 - 303.449.1184

[hettygreen]

Do you guys know why AEZ is priced at $4 and HEC is priced at $.68?

American Oil & gas (AEZ) has Market Cap of $157m
TTM Rev of $3.79m Net Margin of 19% P/E of 335 Price of $4.39


HEC has Market Cap of $148m
TTM Rev of $40m Net Margin of 106% P/E of 3.8 Price of $.68

[Golden Cross]

Nice partner to have in this play

[Golden Cross]

American Oil & Gas Announces Krejci Oil Project Drilling and Participation Agreement and Drilling Success at Wildrose Prospect
Friday March 17, 8:00 am ET
The First Well of an Initial Two Test Well Horizontal Drilling Program at Krejci Expected to Commence in Late Spring


DENVER, March 17 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) has entered into a drilling and participation agreement with Brigham Oil & Gas, L.P., a wholly owned subsidiary of Austin, Texas based Brigham Exploration Company (Nasdaq: BEXP - News), to participate in the initial drilling on American's approximate 55,000 gross acre Krejci project. Under the terms of the agreement, Brigham will fund 100% of the drilling and completion costs, (including surface oil production facilities), of a two well horizontal drilling program. Brigham will carry American and North Finn, LLC for their respective 45% and 5% shares of all drilling and completion costs. Brigham will own a 50% interest in each of the first two wells with American owning 45% and North Finn owning 5%. The first well is scheduled to commence drilling prior to July 1, 2006, subject to securing an appropriate drilling rig, with the second well to commence within 120 days from rig release of the first.
ADVERTISEMENT


Upon completion of the two well program, plus an additional $1 million of capital expenditures by Brigham, Brigham will earn 50% of American's 90%, and 50% of North Finn's 10% working interests in the entire project area. Brigham will operate the first two wells. Any subsequent wells will be operated by either American or Brigham, depending on their location within the project area, and will be funded and owned on the basis of American 45%, Brigham 50% and North Finn 5%.

"We are extremely pleased to have a company with the experience and reputation of Brigham Exploration, join us in the initial evaluation of our Krejci project," commented Pat O'Brien, CEO of American. "Much time and effort has gone into bringing this project back to the drilling phase, which is expected to commence in just a few months."

American also announced the successful completion of a horizontal well on its Wildrose Prospect in Divide County, North Dakota. The Rogers #1-11H, drilled to a total depth of 7,828' in the Mississippian Ratcliffe Formation, is pumping approximately 225 barrels of oil per day. At least two additional horizontal wells could be drilled within this 2,700 acre prospect. American's non-operated working interest in this prospect is 25% before payout and 18.75% after payout.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.

[Golden Cross]

American Oil & Gas Announces Fetter Drilling and Participation Agreement
Tuesday March 14, 8:00 am ET
Drilling Expected to Resume by Mid-May


DENVER, March 14 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) today announced that it has entered into a drilling and participation agreement with Turnkey E&P Corporation, a wholly owned subsidiary of Calgary, Alberta based Turnkey E&P Inc. (TSX: TKY - News), to drill the next two wells, with the option for a third well, at American's approximate 51,000 gross acre Fetter project. Turnkey will apply casing drilling technology to the field through the use of one of its four purpose-built casing drilling rigs. The first well is expected to commence drilling by May 15, 2006. Additional information about Turnkey can be found at www.turnkeyep.com.
ADVERTISEMENT


Casing drilling utilizes the actual steel casing as the drilling string, versus drilling with drill pipe, and installs the casing in the wellbore while drilling. This process has been shown to reduce, overcome or eliminate the risk of wellbore collapse, stuck pipe, lost circulation and other well control issues in many applications and is currently being used as the method of choice in a number of field development programs. Cost savings can be another potential benefit of using casing drilling, as the possibility exists of eliminating one or more casing strings. Casing drilling can be used in conjunction with both underbalanced horizontal drilling technology as well as conventional vertical drilling.

Under the terms of the agreement, Turnkey will operate and pay for 60% of the costs before casing point and 40% of the costs after casing point in order to earn a 40% working interest in the first two wells and in the 640 acre spacing unit surrounding each well. American will pay for 27% of the costs before casing point and 40.5% of the costs after casing point and will retain a 40.5% working interest in these two initial wells.

Upon mutual agreement, a third test well may be drilled on a non-promoted basis, in order to further evaluate the casing drilling technology. Should a third test well be drilled, Turnkey would pay 30% of the costs and would earn a 30% working interest and American would pay 47.25% of the costs and would retain a 47.25% working interest.

If certain drilling criteria are met on these initial test wells, Turnkey has the option to purchase a 15% working interest in the Fetter acreage block, encompassing the approximate 51,000 gross acres, for approximately $750,000. If Turnkey exercises its option, American's existing 67.5% working interest would be reduced by 10.125%, to 57.375%, and American's share of the $750,000 payment would be approximately $500,000.

Patrick D. O'Brien, CEO of American commented, "We are certainly pleased to be aligned with Turnkey as we continue to evaluate our Fetter field. We believe the advantages of casing drilling combined with both underbalanced horizontal drilling and vertical wells completed with modern multi-staged fracture stimulation technology could hold the key to unlocking this potentially large resource. These upcoming wells will benefit from the experiences and information we gained from our Sims and Hageman wells last fall. It is important to understand that a number of wells, utilizing different drilling and completion technologies may be required to fully understand the productive potential at Fetter."

John Y. Jo, President of Turnkey said, "We are excited to be able to bring the casing drilling technology, experience, and equipment to a resource play with the potential as large as Fetter. We believe that casing drilling has the potential to drill these wells as efficiently and as effectively as possible."

The Fetter field project area consists of approximately 51,000 gross acres within American's approximate 120,000 gross acre Douglas project located in the southern portion of the Powder River Basin of WY. The Fetter field has a history of various exploration and developmental attempts with numerous wells having been drilled over four decades that have encountered and/or produced natural gas and condensate from the Niobrara and Frontier formations. American's initial attempt at drilling in this area was the Sims 16-26 well, drilled during mid-2005. This well temporarily produced natural gas and liquid hydrocarbons at rates up to 15 million cubic feet equivalent per day, from approximately 255 feet of lateral wellbore (out of a planned 2,000 feet) that was drilled into the Frontier formation. Wellbore and mechanical problems resulted in the loss of the lateral section of the well and subsequent side tracking resulted in the well being drilled vertically to total depth in a fashion that prohibits fracture stimulation. The Sims well continues to produce natural gas and condensate and has recently averaged about 100 mcfe/day. The second well, the Hageman 16-34 well, was drilled and cased to 8,625 feet before drilling rig issues required temporarily suspending drilling operations and releasing the rig. Although plans are not to immediately re-enter the Hageman well, future plans include coming back to the Hageman well to complete drilling operations.

In other news, American reports that Terry L. Savage has joined the Company as its Vice-President of Land. American granted options to purchase 250,000 shares of the Company's common stock at an exercise price of $4.65, which was the closing price of the Company's common stock on the first day of employment. 50,000 of the options became exercisable immediately and the remaining options become exercisable 1/10th per year for 10 years. In addition, the Company paid Mr. Savage 10,000 shares of its restricted common stock.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.

[Golden Cross]

AEZ: Form 8-K for AMERICAN OIL & GAS INC


--------------------------------------------------------------------------------

8-Mar-2006

Change in Accountant



Item 4.01. Changes in Registrant's Certifying Accountant.
The Audit Committee of the Board of Directors of American Oil & Gas Inc. (the "Company") approved the mutually agreed upon termination of Wheeler Wasoff, P.C. ("Wheeler Wasoff") as the Company's independent accountants and the appointment of HEIN & Associates LLP ("HEIN") to serve as the Company's independent accountants for the year ending December 31, 2005. The change is effective March 6, 2006.
Wheeler Wasoff's reports on the Company's financial statements for each of the years ended December 31, 2004 and 2003 did not contain an adverse opinion or disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2004 and 2003 and through the date hereof, there were no disagreements with Wheeler Wasoff on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure which, if not resolved to Wheeler Wasoff's satisfaction, would have caused them to make reference to the subject matter of the disagreement in connection with the audit reports on the Company's financial statements for such years; and there were no events as set forth in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Wheeler Wasoff with a copy of the foregoing disclosures. Attached as Exhibit 16 is a copy of Wheeler Wasoff's letter, dated March 6, 2006, stating its agreement with such statements.
During the years ended December 31, 2004 and 2003 and through March 6, 2006, the Company did not consult HEIN with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, or on any other matters or reportable events as set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K. Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description of Exhibit
16 Letter from Wheeler Wasoff, P.C. to the Securities and Exchange
Commission dated March 6, 2006
==========================================================

Bookmark and visit us at The Oil and Gas Pipeline on IHub:
http://investorshub.com/boards/addBrdMrk.asp?board_id=5320

[risktaker2005]

Not much activity on this board.

[lowman]

American Oil & Gas Updates Douglas Project Activity
Friday November 25, 8:00 am ET


DENVER, Nov. 25 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) announced that drilling operations on the Company's Hageman 16-34 well, the second well of an initial two well drilling program in the 51,000 acre Fetter Field project area, have been temporarily suspended to obtain a more suitable drilling rig. As previously reported, the drilling rig being used was not well suited to drill the larger well bore size required on this well. The larger hole size and revised casing program for the Hageman well were undertaken largely due to the knowledge and experience gained from drilling the Sims 16-26 well earlier this year. Continuing rig related limitations and delays have caused American and its partners to temporarily suspend drilling operations until such time that a rig more suitable to drill the remaining portion of the well can be secured and mobilized to the site. The upper portion of the well, which is cased to 8,625 feet, is in excellent condition and is in no way jeopardized by the down time required to bring in a more suitable rig.



Pat O'Brien, CEO of American commented, "The decision to suspend operations on the Hageman well was necessitated by continued delays and operational issues largely related to the drilling rig. We are in discussions with a drilling company in order to obtain a suitable rig to resume drilling activity at Fetter and are simultaneously investigating various techniques and technologies that will further our ability to unlock this potentially large resource."

At the Sims 16-26 well, a coiled tubing unit has successfully cleaned out the obstruction in the production tubing which has now been perforated across the Frontier formation. The well is currently undergoing a series of tests and pressure analyses. As reported earlier this month, the Sims well has produced nominal amounts of natural gas and condensate to date. We believe that perforating the production tubing may marginally improve the performance of this particular well.

At the approximate 7,600 gross acre Fort Fetterman prospect, which adjoins the Fetter acreage, the drilling rig and related equipment is arriving on location to commence drilling the Strock #1-20 well. This exploration well is targeting the Parkman formation at a depth of 7,800 feet. American will pay 37.5% of the costs to drill and complete this well and will own a 32.8125% working interest in this and any subsequent wells in this prospect.

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.

This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil and 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. This press release may include the opinions of American Oil and Gas, Inc. and does not necessarily include the views of any other person or entity.


Contact:
Andrew Calerich, President
303.991.0173 Fax: [phone]
1050 17th Street, Suite 1850 - Denver, CO 80265

Neal Feagans, Investor Relations
Feagans Consulting, Inc
303.449.1184




--------------------------------------------------------------------------------
Source: American Oil & Gas, Inc.

[lowman]

American Oil & Gas 3Q EPS 1c Vs Nil


WASHINGTON (Dow Jones)--The following table is a summary of American Oil & Gas Inc.'s (AEZ) financial information for its third quarter ended Sept. 30, according to its quarterly report filed Wednesday with the Securities and Exchange Commission.


3rd Quar Sept. 30:
2005 2004
Revenue $1,529,288 $259,781
Net income 538,528 (45,725)
Avg shrs (diluted) 35,788,702 26,910,740
Shr erns
Net income .01 ....

American Oil & Gas is an independent oil and natural gas company that explores for, develops and produces hydrocarbon reserves primarily in the Rocky Mountain region.

[lowman]

American Oil & Gas Announces Sale of Utah Oil and Gas Leases to MAB Resources LLC
PR Newswire - October 31, 2005 08:02

DENVER, Oct 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- American Oil & Gas, Inc. (Amex: AEZ) announced that it has entered into an agreement to sell its interests in three oil and gas leases, covering approximately 6,400 net mineral acres in Box Elder County, Utah, to MAB Resources LLC ("MAB"). American owns a 75% interest in the leases and expects to realize net proceeds of approximately $680,000 after deducting costs related to the sale. Third parties own the remaining 25% and are also selling their interests to MAB. MAB will pay a total of $1.2 million in cash for the leases. The Company has received 40% of its share of the sales price and expects final closing to occur on or before December 1, 2005.

Under the agreement, American Oil & Gas will retain an overriding royalty interest of approximately 2.65%, and will receive 48 cents for each barrel of hydrocarbon produced and sold.

The leases are located in Utah's Great Salt Lake basin in the West Rozel field, an area within the boundaries of the lake itself, that previously produced heavy oil from test wells drilled by Amoco in the late 1970's and early 1980's. West Rozel crude has potential applications that include the making of asphalt for highway paving, asphalt roofing materials and specialized pharmaceutical applications.

Pat O'Brien, CEO of American stated, "We have done extensive work over the last two years bringing our West Rozel project to this stage. We are pleased to announce this agreement with MAB, which we believe has the team and vision required to move the project forward toward development. The structure of this agreement will allow us to participate in the future success at West Rozel in a very meaningful way while allowing us to focus our manpower and resources on the other large projects in our portfolio."

American Oil and 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 and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.

MAB Resources, LLC is a private entity that identifies, evaluates and participates in the development of prospective oil and gas exploration and development opportunities. Additional information about MAB Companies is available at www.mabcompanies.com.

This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil and 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. This press release may include the opinions of American Oil and 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 1850 303.449.1184
Denver, CO 80265