Initiating Date: 09-14-05
Initiating Price: $5.85
12-18 Month Price Target: $10.00
Raised From 2 to 4 on 11-30-05
American Oil & Gas ("AEZ"), is an oil/gas exploration and development ("E&P") company based in Denver, Colorado. While small and relativelty unknown, the company has accumulated significant interests in a handful of promising prospects located primarily in the Rocky Mountain region including Wyoming, Montana and Utah. These projects are a bit of an eclectic mix in the sense that they involve both oil and gas resources from both conventional and uncoventional sources, as well as being in various stages of exploitation. For example, as the full coverage report delineates, some of the properties are currently producing, while others have actually produced in the past or are in close proximity to other producing properties. In that regard, the company's approach is to identify properties that they believe for a variety of reasons exibit strong liklihoods for resource discovery and production and then joint venture the development of those properties with others to mitigate some of the risks typical of oil and gas exploration activity.
As I said, the company is currently generating reveues and profitability from producing properties, and my expectation is that over the near/intermediate terms, the company will be able to provide considerably more information regading the viability of other properties.
DISCLAIMER STATEMENT
The information contained in this report has been written by David Lavigne of EdgeWater Research Partners LLC ("Edgewater") and has been derived from sources considered reliable, but cannot be guaranteed by us. Edgewater and Lavigne are not aware of any material conflict of interest known at the time of the publication of this report. Financial projections and estimates herein represent our independent analysis based upon information in conjunction with the Company's publicly available financial statements. Edgewater and Lavigne may maintain positions in the securities referenced, which may change at any time without notice. Edgewater does not receive fees, warrants or any other compensation from issuers in connection with its research. It does however, encourage issuers and it representatives to subscribe to Edgewater's research, and from time to time, issuers and or their representatives may also purchase individual copies of Edgewater's research products. Edgewater and Lavigne may own options, rights or warrants to purchase any of the securities of the Company. This report is for informational purposes only and is not to be construed as specific investment advice or recommendations, nor as an offer to sell or a solicitation of an offer to buy any securities. The securities referenced are speculative in nature and may not be suitable for your specific investment objective. For specific investment advice or recommendations, please consult with your investment representative.
