2009-10-26-2009-09-30

To acquire approximately 16,000 net acres in Williams Co., ND.

American Oil & Gas Inc., Denver, (Amex: AEZ) plans to acquire approximately 16,000 net acres in Williams County, North Dakota, from Evertson Energy Partners, Kimball, Neb., for an undisclosed price. The deal will increase American's interest in the Bakken/Three Forks play to 76,000 net acres. American spokesman Pat O'Brien says, "We are pleased to be able to add to our Bakken and Three Forks acreage position in such a meaningful manner and on very attractive terms. Similar to our Goliath acreage position, our geological evaluation of this additional acreage shows productive potential from both the Bakken and the Three Forks formations. We plan to begin our Bakken/Three Forks drilling operations this fall." The deal is expected to close by the end of October.