UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)
August 22, 2002

                AMG OIL LTD.               
(Exact name of registrant as specified in its charter)

Nevada	000-30087	N/A
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

Suite 1400, 700 - 4th Avenue, SW, Calgary, Alberta, Canada		T2P -3J4
	(Address of principal executive offices)	(Zip Code)

(403) 531-9718

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Item 5. Other Events and Regulation FD Disclosure

On August 22, 2002, the Ministry of Economic Development of the government of New Zealand accepted and approved a work program on PEP 38256, the sole permit of AMG Oil Ltd. (the “Company”). The approval will maintain the permit in good standing for the first 18 months of the second five year term of the permit, until February 25, 2004. The work program consists primarily of the reprocessing of 30 kilometers of existing seismic data, the acquisition of magnetotelluric data in the vicinity of the Rakaia Trough and fluid inclusion analysis on cuttings samples from the Ealing-1 well. All parties to the PEP 38256 joint venture, including the Company, have committed to carry out this work within the specified period. These work items are budgeted to cost no more than $100,000, of which the Company has committed to pay 52.5% commensurate with its share in the joint venture. Following a 50% surrender of acreage, the retained area of PEP 38256 throughout the second five-year term commencing August 25, 2002, amounts to 2,794 square kilometers (690,000 acres), including the Rakaia Trough. The Company and its partners will be required, prior to February 2004, to complete this work program and submit for consideration by the Ministry of Economic Development a proposed program of work for the remainder of the second five-year term following February 25, 2004, or else relinquish the permit at that time. This future program of work would likely include additional seismic acquisition, possibly leading to commitment to drilling a well.

Item 7. Financial Statements and Exhibits

(c) Exhibits

99.1 Change of permit for PEP 38256

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		AMG OIL LTD.
		(Name of Registrant)
Date:	September 26, 2002	By:	/s/ Cameron Fink
			Cameron Fink, President

INDEX TO EXHIBITS

Exhibit
Number       Description

99.1              Change of permit for PEP 38256

EXHIBIT 99.1