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Oil firm floundering amid depressed price environment

By   /  Friday, May 22nd, 2015  /  Energy, Latest news  /  Comments Off on Oil firm floundering amid depressed price environment

North American Oil & Gas Corp., a small-time oil and gas company based in Ventura, is barely staying afloat. Since the company’s formation in 2010, NAMG hasn’t produced any revenue and sold it’s only drilled well to a Colorado-based company for a 0.5 percent royalty of any commercial production. However, according to the company’s recent Read More →

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North American Oil warns it could run out of cash

By   /  Friday, November 21st, 2014  /  Latest news, Top Stories, West Ventura County  /  Comments Off on North American Oil warns it could run out of cash

Unless North American Oil & Gas Corp. can raise enough capital to cover its operating expenses by Dec. 31, the Ventura company could be forced to close down.

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