HISTORY AND ORGANIZATION OF THE COMPANY

12 Months Ended

Dec. 31, 2012

Notes

HISTORY AND ORGANIZATION OF THE COMPANY

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

Amerigo Energy, Inc., a Delaware corporation ("AGOE" or the "Company"), formerly named Strategic Gaming Investments, Inc., was incorporated in 1973. Prior to 2008, the Company was involved in various businesses, none of which were successful.

In August of 2008, our Board of Directors voted to get approval from the shareholders of the Company for a name change from Strategic Gaming Investments, Inc. to Amerigo Energy, Inc. The company received the approval from a majority of its stockholders and filed the amendment to its Articles of Incorporation with the State of Delaware. The name change became effective by the State of Delaware on August 26, 2008. The Company also requested a new stock symbol as a result of the name change. Our new trading symbol is "AGOE".

The Amerigo Energy’s business plan included developing oil and gas reserves while increasing the production rate base and cash flow. The plan was to continue acquiring oil and gas leases for drilling and to take advantage of other opportunities and strategic alliances. Due to declines in production on the oil leases the company had an interest in the company has been forced to reconsider its position in the oil industry. In 2011, the company began an aggressive approach to reduce the debt on the company’s books as well as looking to diversify the investment holdings, while still maintaining limited interest in oil leases. The company is aggressively looking for potential oil leases to acquire as well as businesses which will fit with the company's strategy.

Our wholly-owned subsidiary, Amerigo, Inc., incorporated in Nevada on January 11, 2008, holds certain assets, including a minority interest in an oil lease.