Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of American Oil & Gas, Inc. (“American Oil & Gas” or the “Company”) (AMEX: AEZ) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Hess Corporation (“Hess”) (NYSE: HES) in a transaction valued at approximately $445 million.

Are you affected?

• Do you own American Oil & Gas, Inc. common stock?
• Did you purchase your shares before July 27, 2010?
• Do you feel Hess Corporation's offer is unfair?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of American Oil & Gas, Inc. (“American Oil & Gas” or the “Company”) (AMEX: AEZ) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Hess Corporation (“Hess”) (NYSE: HES) in a transaction valued at approximately $445 million.

Under the proposed agreement, Hess has agreed to issue 0.1373 shares of its common stock in exchange for each outstanding share of American Oil & Gas’ common stock.  The investigation concerns whether American Oil & Gas’ board of directors failed to adequately shop the Company and obtain the best price possible for American Oil & Gas’ shareholders before entering into the agreement with Hess.  Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $10.00 per share for American Oil & Gas stock.

If you own the common stock of American Oil & Gas and purchased your shares before July 27, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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