UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June~~July 231, 2010 ~~(June 17, 2010)~~

AMERICAN OIL & GAS INC.
(Exact name of registrant as specified in its charter)


Nevada	1-31900	88-0451554
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


1050 17th Street, Suite 2400 Denver, CO		80265
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (303) 991-0173

N/A

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 57.0201. ~~Departure~~Regulation ofFD ~~Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Disclosure.

On ~~June~~July 171, 2010, wethe Corporation ~~entered~~issued ~~into~~ a ~~two-year~~press ~~employment~~release ~~agreement~~entitled ~~with~~“American ~~Andrew~~Oil ~~Calerich,~~& ~~our~~Gas ~~President, at his current annual salary of $257,000, which may be increased from time to time~~Inc. ~~The employment agreement may be terminated for~~ ~~cause,~~Updates inNorth ~~which~~Dakota ~~event~~Bakken ~~compensation~~ and ~~benefits~~Three ~~will~~Forks ~~cease~~Activity.” asA ofcopy ~~the effective date~~ of the ~~termination.~~press Inrelease ~~the event of~~is ~~other~~furnished ~~termination~~herewith ~~(including~~as ~~death or disability, and resignation due to a requirement to relocate his principal place of business more than 50 miles from Denver, Colorado), Mr.~~Exhibit ~~Calerich will receive compensation and benefits until six months after the effective date of termination~~99.1.

OnIn ~~June 17,~~accordance ~~2010,~~with weGeneral Instruction ~~entered~~B.2 ~~into~~of aForm ~~two~~8-~~year~~K, ~~employment~~the ~~agreement~~information ~~with~~disclosed ~~Patrick~~in DItem 7.01 ~~O’Brien~~of, ~~our Chief Executive Officer,~~ atand ~~his~~Exhibit 99.1 ~~current~~attached ~~annual salary of $200~~to,~~000,~~ ~~which~~this ~~may~~Current beReport ~~increased~~on ~~from~~Form ~~time~~8-K toshall ~~time.~~not ~~The employment agreement may~~ be ~~terminated~~deemed “filed” for ~~cause,~~the inpurpose ~~which event compensation and benefits will cease as~~ of ~~the~~Section 18 ~~effective date~~ of the ~~termination.~~Securities InExchange ~~the~~Act ~~event~~ of ~~other termination (including death or disability~~1934, ~~and~~nor ~~resignation~~shall ~~due~~it tobe adeemed ~~requirement~~incorporated toby ~~relocate~~reference ~~his~~in any ~~principal~~filing. ~~place~~This ofCurrent ~~business~~Report ~~more~~on ~~than~~Form 508-K ~~miles~~does ~~from~~not ~~Denver,~~constitute ~~Colorado),~~a ~~Mr. O’Brien~~determination ~~will receive compensation and~~of ~~benefits~~whether ~~until~~any ~~six~~information ~~months~~included ~~after~~herein ~~the~~is ~~effective date of termination~~material.

OnItem ~~June 17, 2010, we entered into a two-year employment agreement with Bobby G~~9. ~~Solomon, our Vice President, at his current annual salary of $200,000, which may be increased from time to time~~01. ~~The~~Financial ~~employment~~Statements ~~agreement may be terminated for cause, in which event compensation~~ and ~~benefits will cease as of the effective date of the termination~~Exhibits. In the event of other termination (including death or disability, and resignation due to a requirement to relocate his principal place of business more than 50 miles from Denver, Colorado), Mr. Solomon will receive compensation and benefits until six months after the effective date of termination.

~~On June~~Exhibit ~~21, 2010, we entered into a two-year employment agreement with Don E~~99.1 Press ~~Schroeder, our Vice President of Land, at~~Release ~~his~~dated ~~current annual salary of $190~~July 1,~~000,~~ ~~which may be increased from time to time~~2010. ~~The employment agreement may be~~ ~~terminated for cause, in which event compensation and benefits will cease as of the effective date of the termination.~~ In the event of other termination (including death or disability, and resignation due to a requirement to relocate his principal place of business more than 50 miles from Denver, Colorado), Mr. Schroeder will receive compensation and benefits until six months after the effective date of termination.

~~On June 17, 2010, we entered into amendments to employment agreements with Joseph B. Feiten, our Chief Financial~~2 ~~Officer, and Peter Loeffler, our Vice President of Exploration and Development. Each amendment provides that, in the~~ event of death or disability, or resignation due to a requirement to relocate his principal place of business more than 50 miles from Denver, Colorado, the Officer will receive compensation and benefits until six months after the effective date of termination.

2SIGNATURE

~~SIGNATURE~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: July 1, 2010		AMERICAN OIL & GAS INC.

		By: /s/ Andrew P. Calerich

		Andrew P. Calerich, President

~~Date: June 23, 2010~~3

~~By:~~INDEX ~~/s/~~TO ~~Andrew P. Calerich~~ EXHIBITS ~~Andrew P. Calerich, President~~


Exhibit Number		Description
Exhibit 99.1		Press Release dated July 1, 2010

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