William Morris, President

1
All American Oil Gas, Inc.
William Morris, President Dr. Carter Keairns,
Chief Geologist
November 16, 2006 The Yale Club, New York
2
Company History

• Incorporated in Delaware in December 2003
• Chartered to acquire oil and gas properties and
  prospects in the United States
• Acquired Nukern Lease in 2004, Bakersfield,
  California
• Acquired Matagorda Resources Co., Inc. in June
  2006
• Current Capitalization
• 100,000 Preference Shares None Issued
• 10,000,000 Common Shares Authorized, Par value
  .01/ Share
• Share Private Placements (Primarily UK
  shareholders)
• 500,000 Shares _at_1.00/Share - Dec - March
  2004
• 1,500,000 Shares _at_2.00/Share - May - Nov
  2005
• 1,000,000 Shares _at_3.00/Share - Feb - June
  2006
• Long-Term Debt - 4.9 million Short-Term Debt -
  nil
• Auditors - Hein Associates - Denver
• Reserve Auditors - Netherland Sewell
  Associates, Inc. - Dallas
• Legal Counsel Locke, Liddell Sapp - Dallas

3
Key Board Members
William C. Morris President Over 20 years
experience in oil and gas industry 10 years Wall
Street experience with energy focus Princeton
graduate Charles D. Tyler Director
Exploration Manager Over 50 years experience as a
petroleum geologist 22 years with Chevron, 27 as
an Independent Instrumental in several new field
discoveries in U.S. Colorado School of Mines
graduate John C. Crichton Director
Petroleum Engineer Over 50 years experience as a
petroleum engineer Former Vice President and
Director of DeGolyer MacNaughton Former
President of Oil Gas Property Management Texas
A M MIT graduate
4
Peaking Oil
The global increase in demand for hydrocarbons
can not continue to be met by current rates of
discovery and production
The historic Boom Bust cycles that defined the
industry are a thing of the past External
factors (geopolitical, environmental) will
continue to have an effect on price, but it will
be secondary to simple supply demand economics
Billions of Barrels
Demand
Production
Discovery
Annual
Projected
Data Sources EIA, BP, Exxon-Mobil
5
Objectives Strategies

• Leverage established alliances with technical
  industry partners
• Leverage historic prospects opportunities known
  to management
• Align interests of management
  shareholders/drilling fund partners
• Identify significant development projects
  including early-stage shale gas

• Exploit proved probable reserves that have been
  prematurely abandoned by others
• Explore in under-explored basins (California,
  Nevada Michigan)
• Utilize proven technologies including EOR,
  geochemical advanced seismic interpretation
• Routine auditing of properties prospects by
  independent consultants

6
2007-8 Drilling Program
A balanced portfolio of identified,
ready-to-drill prospects

• Salt Related Plays - 1) Moss Bluff Dome, TX
• 2) Starks Dome, LA
• 3) Iberia North, LA

• Oil in Old Oilfields - 1) N. Blackburn, NV
• 2) Whitehead, TX
• 3) Billings, TX

• Wildcat Exploration - 1) Eastern Shelf, CA
• 2) Ouachita Thrust, TX
• 3) Black Lake, MI

• 3D Seismic Prospects - 1) Real McCoy, TX
• 2) Iberia South, LA

7
All American Oil Gas
Summary Acreage, Cost, Reserves
8
All American Oil Gas, Inc.
Oil is found in the minds of men. Wallace
Pratt (1885-1981)