1120916--4/2/2007--AMERICAN_OIL_&_GAS_INC

related topics
{gas, price, oil}
{cost, regulation, environmental}
{control, financial, internal}
{regulation, change, law}
Oil and natural gas prices are volatile and a decline in oil and natural gas prices can significantly affect our financial results and impede our growth. We have incurred losses from operations in the past and may do so in the future. We could be adversely impacted by changes in the oil and gas market. We may be unable to find additional reserves. Oil and gas operations are inherently risky. We are subject to extensive government regulations. New government regulation and environmental risks could increase our costs. Our prices may be impacted adversely by new taxes. 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.

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