Sep 09 - American Oil & Gas Increases Bakken/Three Forks Ownership to Approximately 76,000 Net Acres

Source Press
Company American Oil & Gas Inc 
Tags Deals, Upstream Activities
Date September 30, 2009

American Oil & Gas, Inc. has signed a definitive agreement to acquire leasehold rights to approximately 16,000 net acres in Williams County, North Dakota in a privately negotiated transaction with Evertson Energy Partners. Subject to customary due diligence, the transaction is expected to close within 30 days.

Pat O'Brien commented, "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."

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