American Oil & Gas, Inc. is an independent oil and gas exploration and production company, engaged in acquiring oil and gas mineral leases and the exploration and development of crude oil and natural gas reserves and production in the United States Rocky Mountain region. During the year ended December 31, 2008, the Company controlled approximately 53,000 gross (34,000 net) acres in the Fetter Project area, in the southern Powder River Basin, Wyoming; approximately 128,000 gross (52,000 net) acres in the Krejci Project, located in Niobrara County, Wyoming; approximately 87,000 gross (33,000 net) acres in the Goliath Project, located in the Williston Basin, North Dakota, and approximately 175,000 gross (112,000 net) acres in the Bigfoot Project, located in the United States Rocky Mountain area. During 2008, the operations of the Company are focused in four project areas called Fetter, Goliath, Krejci and Bigfoot. In 2008, the Company sold its interests in the West Douglas Project.