American Oil & Gas Inc.

• Public
• US

Dow Jones Description

We are an independent oil and gas exploration and production company, engaged in the exploration, development and acquisition of crude oil and natural gas reserves and production in the western United States. During 2003, we acquired undeveloped oil and gas prospects and participated in initial drilling operations in certain of our projects in Montana and Wyoming. Prior to these acquisitions, we had not had operations for some time. Developments Since December 31, 2003 o On March 23, 2005, we signed a letter of intent that provides the mutual intent of the parties is that we will acquire 100% of the outstanding common stock of Tower Colombia Corporation in exchange for 5.8 million shares of our restricted common stock. We expect that this merger will close before April 30, 2005. Effective January 17, 2005, we have agreed with Tower that the three principals of Tower will provide geological and other management services, and we will pay Tower a management fee of $30,000 per month through the date of closing the merger or May 31, 2005, whichever occurs first. After the merger closes, we expect to have a total of eight employees.

Chairman & CEO

Number of Employees 15

Contact Information

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