Milwaukee, WI -- (SBWIRE) -- 03/26/2012 -- Edward Graff is tapped to return as chief executive officer of Wisconsin-based American North Oil. Graff had spent the past three years leading American North Oil’s alternative energy sister company, American Energy Werks.

American North Oil’s executive board announced the move Monday, March 26, 2012, following a dismal third quarter dividend projection. Historically a strong portfolio performer, senior officials of the energy company remains optimistic for the future. “In directing my attention back to American North Oil,” said Graff, “I have high expectations… aware of some of the challenges that lie ahead of us.”

Graff, who will remain chairman of the board at American Energy Werks, will work in concert with longstanding chief financial officer Craig Lester to oversee its operations until a new CEO is named.

About American North Oil
American North Oil is a leader in the energy sector, dedicated to the notion that there is no energy shortage—simply energy ignorance. Our innovative initiatives and industry-leading research aim to optimize the world’s current energy resources and ensure affordable energy for generations to come.