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03/08/06 12:38 PM

#5 RE: risktaker2005 #4

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


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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
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