American Oil Hires New Finance Chief

American Oil Hires New Finance Chief

American Oil & Gas Names Joseph B. Feiten Chief Financial Officer, Effective Immediately

American Oil & Gas Inc., an oil exploration and production company, on Friday said it named Joseph B. Feiten as its chief financial officer, effective immediately.

He replaces Andrew Calerich, 41, who will remain as president.

Feiten, 54, was chief financial officer of gas exploration and production company Tipperary Corp., from 2002 until it was acquired in 2005 by Santos Ltd. Before that, he was national and global director in Pricewaterhouse Coopers’ energy and mining program.

As part of his compensation, Feiten will receive options to 250,000 shares at an exercise price of $4.95 per share, the stock’s closing price on June 29. Options for 50,000 shares are immediately exercisable and options for 40,000 more shares will become exercisable on each anniversary of his hiring from 2007 through 2011.

Shares of American Oil & Gas rose 4 cents to $4.99 during morning trading on the American Stock Exchange.


Share this post