1120916--3/16/2009--AMERICAN_OIL_&_GAS_INC

related topics
{gas, price, oil}
{stock, price, share}
{regulation, change, law}
{cost, regulation, environmental}
{loss, insurance, financial}
{condition, economic, financial}
{customer, product, revenue}
Oil and natural gas prices are volatile and have substantially declined in recent months. The recent decline has adversely affected our financial results. Further price declines or even continuation of current low oil and natural gas prices could significantly affect our future financial results and impede our growth. The current global and US economic and financial crises may have impacts on our business and financial condition that we currently cannot predict Our development and exploration operations require substantial capital, and we may be unable to obtain needed capital or financing on satisfactory terms, which could lead to a loss of properties and a decline in our natural gas and oil reserves. Oil and gas operations are inherently risky. We may be unable to find additional reserves. We could be adversely impacted by changes in the oil and gas market. We are subject to extensive government regulations. New government regulation and environmental risks could increase our costs. Our operations and financial condition may be impacted adversely by new taxes and changes to tax laws. Shortages of rigs, equipment, supplies and personnel could delay or otherwise adversely affect our cost of operations or our ability to operate according to our business plans. Shortages of transportation services and processing facilities may result in our receiving a discount in the price we receive for oil and natural gas sales or may adversely affect our ability to sell our oil and natural gas. We could be adversely impacted by customer(s) and industry partners unable to meet their obligations. Risks Related to our Common Stock Our common stock is thinly traded, so investors may not be able to sell any significant number of shares of our stock at prevailing market prices. We meet normal exchange guidelines for the continuation of trading of our common stock, but unexpected de-listing may occur. Our stock price and trading volume may be volatile, which could result in losses for our stockholders. We may issue debt or preferred stock with rights that are preferential to, and could cause a decrease in the value of, our common stock.

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