American Oil & Gas, Inc. Company Profile | AEZ Company Information

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We are an independent oil and gas exploratio andproduction company, engaged in the development and acquisition of crude oil and natural gas reservese and production in the westerbn United States. During 2003, we acquired undeveloped oil and gas prospectss and participated in initiak drilling operations in certain of our projectss in Montanaand Wyoming. Prior to these we had not had operations forsome time. Developmentx Since December 31, 2003 o On Marcnh 23, 2005, we signed a letter of intenft that provides the mutual intent of the partiews is that we willacquire 100% of the outstandingg common stock of Tower Colombia Corporation in exchangd for 5.
8 million shares of our restricted commob stock. We expect that this merger will close beforeAprikl 30, 2005. Effective January 17, we have agreed with Tower that the three principalx of Tower will provide geological and otherfmanagement services, and we will pay Tower a management fee of $30,000 per month throughy the date of closing the merger or May 31, whichever occurs first. After the mergert closes, we expect to have a total of eight employees.