BUY American Oil & Gas, Inc. (AEZ) – last $ 3.40. AEZ is an independent energy company, engages in the acquisition, exploration, and development of crude oil and natural gas in the western United States. It controls approximately 53,000 gross acres in the Fetter Project area, located in the southern Powder River Basin, Wyoming; approximately 128,000 gross acres in the Krejci Project, located in Niobrara County, Wyoming; approximately 87,000 gross acres in the Goliath Project, located in the Williston Basin, North Dakota; and approximately 175,000 gross acres in the Bigfoot Project, located in the U.S. Rocky Mountain area. The company, through its subsidiary, Tower American Corporation, also involves in oil and gas exploration and production operations in Colorado. American Oil & Gas, Inc. was founded in 2000 and is based in Denver, Colorado. … (Marketwire – 11/30/09) – American Oil & Gas, Inc. (AMEX:AEZ – News) announced that its Wallis 6-23 well has been successfully re-completed in the Niobrara formation and produced 455 barrels of oil and 656 mcf of natural gas, or 564 barrels of oil equivalent (boe) per day during a recent 24 hour flow back period. The Wallis 6-23 well is the second well in a re-completion program expected to include a total of five wells under the terms of a previously announced participation agreement at American’s 53,000 gross (33,000 net) acre Fetter field project, located in the Powder River Basin of Wyoming. Pat O’Brien, Chairman and CEO of American, stated, “The results of the Niobrara re-completion in the Wallis 6-23 well exceeded our expectations. We were successful in increasing the volume of proppant in the frac to over three times that of the Hageman 11-22 well and are obviously pleased and excited about the results, especially when taking into consideration that this is not a horizontal well. These results, in conjunction with the results of the Hageman 11-22 well, which is currently producing at a rate of approximately 90 boe per day, strongly support our belief that a number of formations in the field, including the Niobrara, have commercial potential. Preparations are underway to fracture stimulate the Niobrara formation in the Hageman 16-34H well, which is the third well in the program.” www.americanog.com. .…  SPM+Game Theory 70 LONG with EXIT POINT  $9.00.