.0001 to .0009 PICKS ONLY

[JonnyRBuck12]

NVMG 0.0001 Bakken oil bullet play

This company has the potential to come back, after the June 2009 news release(pasted below) it looks like NVMG is out of the worst of their problems. Any sort of news on their Alaska or Bakken oil plays could easily make this move. O/S ia 1.5B and A/S is 2B


Native American Energy Group: June 2009 Update


2009-06-08 06:00 MT - News Release


FOREST HILLS, N.Y., June 8 /PRNewswire-FirstCall/ -- Native American Energy Group, Inc. (the 'Company,' or 'NAEG') today announced its plans to move forward after recent delays.


Joseph D'Arrigo, NAEG's Chief Executive Officer stated, "In light of the SEC action of a year ago that made a lot of people unsettled, we are going to set the record straight and move forward. Since March 13, 2008, we have endured and confronted more than our fair share of criticism from various aggressors. Management has been successful in combating attempts by internal investors and partners to take control of the Company and its subsidiaries."


Native American Energy Group plans to revive its CBM project and continue with its plans to bring a new energy resource to Alaska. Recent actions taken as "Sole Stockholder" of Fowler Oil and Gas Corporation include the removal of former director, Robert Fowler from this, the Company's Alaska subsidiary. NAEG has exercised its discretion to adopt a name change for both subsidiaries, Fowler Oil and Gas Corporation and Fowler Oil & Gas (Alaska) LLC. The new names respectively are "NAEG Alaska Corporation" and "NAEG CBM Operations LLC." NAEG alone will plot the course for its wholly-owned subsidiaries in Alaska. Hereafter, NAEG Alaska will be administered by and under President & Director, Joseph D'Arrigo, as former director, Robert Fowler was removed for cause according to due process via Special resolution of the Stockholders on May 18, 2009. Mr. Fowler was also terminated from office and no longer works for the Company or its subsidiaries in any capacity. Notwithstanding these official actions, Mr. Fowler remains a major shareholder of NAEG.


Mr. D'Arrigo continued, "It appears, as far as the results of the Company's investigation, that the securities of as many as 100 other companies, rather than just 26 (as was first thought), were affected by a tactic known as 'corporate hijacking' or 'corporate identity theft' over the past 6 years. Several of those companies have been successful in obtaining financial statement audits, filing a Form 211, and being re-listed onto the OTC Pink Sheets or Bulletin Board. This gives us genuine hope that we can do the same."


He added, "Although the SEC action affected our funding efforts, in retrospect we are glad that the SEC took this action now instead of later. If it had occurred after we received funding and after we began development, it would have endangered the Company and its assets as we would have been in breach. We also would not have been unable to promote this Company's securities to a higher exchange or trading market, as any such applications or registration statements would have contained incorrect information. The downgrade to the grey market actually gives us a clean slate to move forward and advance this Company with a clear understanding by making the necessary disclosures on all applications or registration statements from this point forward. After 15 months, we have concluded that the worst is behind us and that we can only progress from here."


Even while under financial duress, the principals of the Company have managed to keep their core staff and infrastructure intact. At the same time they have pursued funding overseas due to the economic recession and lack of investment capital in the U.S. During this process, the Company and its principals have undergone extensive scrutiny by foreign investment funds including investment policy surveillance boards that approve and monitor foreign investments in U.S. companies. Despite the SEC action last year, declining commodities markets, and turmoil in the financial markets, Company principals redoubled their efforts to procure funding to develop NAEG's Montana leases, as well as for drilling their CBM pilot well in Alaska. NAEG already has the necessary permits, as well as bonds posted for the Kircher Pilot in Alaska, and recently filed for other drilling permits in Montana. Once funding is achieved, the Company intends to immediately begin development in Montana and Alaska. The company expects to sub-contract a drilling rig for its development in Alaska including the services of many vendors and service providers it has already established relationships with in the region. The Wilson 35 workover rig remains in Montana standing by for the Company's well rework program, post funding.


The Company's struggles began in June of 2007 when public shareholders started interfering with tribal relationships. The Company's position was to stop disseminating information at that time, which only angered chronic day traders. They proceeded to fabricate their own news through various financial message boards, creating the illusion that NAEG's principals were somehow unethical. Groundless accusations resulted and were further fueled by a separate action taken by the SEC on March 13, 2008, resulting in trading in the NVMG security being suspended for 10 days, followed by a downgrade to the grey market. Simply stated, the Company believes it was victimized twice. 25 other companies were suddenly named and suffered the same fate. All 26 companies, including NAEG, were blindsided, possibly by the same disreputable attorney, out of fees and services for a public presence. "In this situation, we were clearly victims; however, we were conveniently labeled by various opportunists who found solace in adding their negative connotations to the situation and attributing them to management. They used the SEC action to discredit and undermine this Company's management," stated CEO Joseph D'Arrigo.


Chief Financial Officer of Native American Energy Group, Raj Nanvaan, stated, "This Company has been on the verge of funding several times over the past year, however the de-listing of the Company to the grey market along with the title 'Corporate-Hijacking' was a black mark that tarnished the Company's reputation and diminished the Company's efforts to date. It even invited business partners and internal investors to become very disloyal and even attempt to cripple the Company's management in an effort to gain control of the Company or 'strip it of its assets.' This is what the management of the Company has been battling over the last 15 months."


Mr. Nanvaan added, "In an effort to prevent any further misunderstandings, false implications, judgments or misinformed opinions, we are publicly explaining the facts in this update so everybody can understand the facts. This Company's management was never knowingly involved in any wrong doing or had any intent to defraud shareholders, investors, potential investors or creditors." "The fact is," Mr. Nanvaan continued, "that we were all misled by this attorney. No officer, director or controlling shareholder from the Company ever communicated with any state agencies, NASD, CUSIP, FINRA or anyone at the SEC with respect to the proposed merger or the listing of the Company onto the Pink Sheets. The lawyer and his group filed all of the necessary documents with these agencies and were the only people who communicated with them."


"The attorney delivered to us a Company with a new symbol and name change, and we built a Company with real assets and valuable relationships just as other companies were doing. Four years later, we were notified that there were 'inadequacies and inaccuracies' pertaining to our status as a publicly traded company! Nonetheless, we're still a company that has abided by the state and federal laws once the Company was in our control. Nothing changes the fact that we have built assets under this Company's umbrella. We have invested a lot of time, energy and money in building this Company and its assets, and we will do whatever it takes to protect those assets and relationships," said Nanvaan.


About Native American Energy Group

Native American Energy Group (NAEG) is a publicly traded energy resource development and management company based in New York. www.nativeamericanenergy.com


SafeHarbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

Native American Energy Group, Inc.



CONTACT: Native American Energy Group, Inc., [phone]



Web site: http://www.nativeamericanenergy.com/