Dear PSL members,

Top AMEX volumes of the day: (AEZ, VTG, ONP, GSS, KOG)

American Oil & Gas Inc. (AMEX: AEZ) surged by 6.73% to close at $7.14 whereas overall traded volume stood at 22.96 million shares. American Oil & Gas Inc. (American) is an independent oil and gas exploration and production company, engaged in acquiring oil and gas mineral leases and the exploration and development of crude oil and natural gas reserves and production in the United States Rocky Mountain region. At December 31, 2009, American owned interests in approximately 514,000 gross (320,600 net) acres primarily in the Powder River Basin of Wyoming, in the Williston Basin of North Dakota and in its Bigfoot project in the Rocky Mountain region. In the Powder River Basin, its major projects are Fetter and Krejci. In the Williston Basin, its major project is Goliath, where it is drilling lateral wells to the Bakken and Three Forks oil formations. During the year ended December 31, 2009, it drilled 11 gross (8.25 net) shallow gas wells at Bigfoot, acquired interests in 10 gross (0.6 net) wells previously drilled at Goliath and sold interests in three gross (one net) wells previously drilled at Goliath.

Vantage Drilling Company (AMEX: VTG) went up by 0.76% and closed at $1.32 with total traded volume of 6.20 million shares in the last trading day. Vantage Drilling Company is drilling company focused on operating a fleet of drilling units. The Company’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells for its customers. It also provides construction supervision services for drilling units owned by others. Through its fleet of nine-owned and managed drilling units, the Company is a provider of offshore contract drilling services globally to oil and natural gas companies. Its fleet includes four jackup rigs, three ultra-deepwater drillships and two deepwater semisubmersibles. The Company’s customers are primarily oil and natural gas companies, government-owned oil and natural gas companies and independent oil and natural gas producers.

Orient Paper Inc. (AMEX: ONP) plunged by 18.66% to close at $4.36 whereas traded volume stood at 3.15 million shares for the day.

Golden Star Resources Ltd. (USA) (AMEX: GSS) reported the fall of 0.49% and closed at $4.03 with overall traded volume of 2.21 million shares in the last trading session.

Golden Star Resources Ltd. (Golden Star) is an international gold mining and exploration company producing gold in Ghana, West Africa. The Company also conducts gold exploration in other countries in West Africa and in South America. It owns controlling interests in several gold properties in southwest Ghana. Through a 90% owned subsidiary, Golden Star (Bogoso/Prestea) Limited (GSBPL), the Company owns and operates the Bogoso/Prestea gold mining and processing operations (Bogoso/Prestea) located near the town of Bogoso, Ghana. Through another 90% owned subsidiary, Golden Star (Wassa) Limited (GSWL), it owns and operates the Wassa open-pit gold mine and carbon-in-leach processing plant (Wassa), located approximately 35 kilometers east of Bogoso/Prestea. GSWL also owns the Hwini-Butre and Benso concessions (the HBB properties) in southwest Ghana.

Kodiak Oil & Gas Corp. (AMEX: KOG) witnessed the correction of 0.30% to close at $3.33 whereas total traded volume stood at 1.84 million shares. Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The Company’s oil and natural gas reserves and operations are concentrated in two Rocky Mountain Basins, the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2009, the Company’s portfolio included Eastern Bakken oil play in Mountrail and Dunn Counties, North Dakota, and Vermillion Basin of southwest Wyoming. As of December 31, 2009, the Company had acquired an interest in approximately 52,000 gross (37,000 net) acres in the Eastern Bakken oil play. It has drilled its first two wells on the prospect acreage. As of December 31, 2009, the Company controlled approximately 43,000 gross acres and 16,000 net acres in the Vermillion Basin.

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