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NEWS: AGR Tools Enters LOI to Acquire 700 Acre Oil Lease in Tennessee
Sources:
http://www.marketwire.com/press-release/agr-tools-enters-loi-to-acquire-700-acre-oil-lease-in-tennessee-otcqb-agrt-1663069.htm
http://finance.yahoo.com/news/agr-tools-enters-loi-acquire-130000287.html
May 30, 2012 09:00 ET
AGR Tools Enters LOI to Acquire 700 Acre Oil Lease in Tennessee
DALLAS, TEXAS--(Marketwire - May 30, 2012) - AGR Tools Inc. (or "AGR" or the "Company") (OTCQB:AGRT)(OTCBB:AGRT) has entered into a letter of intent with Consolidated Oil and Gas (or "COGC") to acquire a 80% ownership interest in the 700 acre Paul Lease in Overton County, Tennessee.
In consideration for ownership stake AGR is to issue COGC 5mm restricted common shares. With 20 historically producing wells on a small portion of the acreage, AGR has initial plans to drill and complete 10 new wells at a total capital cost of $1.5mm, with the projected partnership revenue from these 10 wells over a 5 year time frame of roughly $7mm.
Mr. Vern Wilson, CEO commented:
"The area of the Paul lease and the Alpine Quadrangle has considerable potential. Wells are shallow with substantial productivity, and are relatively inexpensive to drill.
"We are very excited about Tennessee as it has respectable revenue potential compared to our planned investment-- as well as great blue-sky potential throughout the region.
"Over 25 years of working knowledge of the Paul lease geology along with local experience will provide a sound basis to form an exploration and production program.
About AGR Tools Inc, and its wholly owned subsidiary, AGR Energy Holdings Inc:
AGR Tools/ AGR Energy Holding's mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources vital to the world's health and welfare.
AGR Energy Holding's strategic goal is to expand our reserve base and increase our cash flow through investment in and management of exploration, acquisition and exploitation of new and existing oil and gas assets.
For further information please visit: www.agrenergycorp.com
AGRT due diligence portal: Coming soon!
Contact Information
AGR Tools Inc.
Vern Wilson
CEO
Vern@AGRenergycorp.com
www.agrenergycorp.com
Investor Inquiries:
Circadian Group
Tyler M. Troup, B.Comm
Toll Free: 1-866-865-2780
Tyler@Circadian-Group.com
Sounds realistic to me Joe!! Nice Long Candlesticks all week here!
last time is flipped it was at .50 and went to what looks like the $13.00 range.
Hard to believe!
You seem to be treating this like you have to "pick one or the other"
Why not just hold a position in both ...
See You At The ATM $$$$
Definitely! I don't think its farfetched to say that $3.25 is an unrealistic target.
It doesn't take much to push an OTC into multi-dollars when the float is this low!
P.S Good to see you here McCarthy! I hope your still holding GWBU also...its going parabolic!$!$!
I believe you are quite correct with testing $1.00
Testing $1.00 (psychological resistance) would line us up w/ breaking $1.10 (technical resistance) QUITE EASILY!
I'll be happy with any close, because I know this bad boy is going to have some major long white candles this whole week!
Annotated Chart
TBX TWITTER UPDATES:
https://twitter.com/#!/TheBullExchange
SEC Filings:
http://finance.yahoo.com/q/sec?s=AGRT.OB+SEC+Filings
Yahoo Finance Info:
http://finance.yahoo.com/q?s=AGRT.OB
Original Post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76067901
We all know this is a pump; the promotion is going to be in process for quite a while.
Everyone is on board before this goes parabolic and hype shifts back over.
Please do everyone a favor and take a bat to your favorite computer, because i'm tired of reading your crappy posts.
Technical Analysis Chart: Upcoming Week Expectations
I appreciate the PM requests for some annotated charting. Ask and you shall receive!
Based off of TBX's history of 1000% + Gains on picks & the current turnover of investors from other "selective" promoters. I think the 200DMA could easily be tested and broken; creating a strong support line.
Many believe this is possible, due to the EXTREMELY LOW FLOAT & positive attention this ticker has received.
$3.25 has seldom resistance if broken.
The information above, is strictly based off of personal opinion. I am not a licensed professional and posting is for entertainment purposes only.
Can't complain about this close over here!
That .50 break just sealed the deal for testing $1.00 next.
EOD RUN TO CLOSE GREEN *HOLLOW CANDLE*
Thanks, I just hit you back!
EOD run coming for NICE HOLLOW CANDLE!
PARABOLIC SOON!
A slight break of .50 range is definitely going to happen here today!
I agree EOD is going to be the best time for this to occur w/ all the increased volume.
Agreed! A low floater like this is great for TBX; very easy to match their 1000% gain reputation.
The chart is unbelievable with recent PPS. This has potential to go to ridiculous highs!
5 Min chart is looking great!! I'm feeling an EOD run for any shorts to cover & last minute grabbers before tomorrows long white candlestick !
Annotated Chart:
The .499 high today is great; meaning that when .50 breaks its off to $1.00 & FAST IMO.
INDICATORS: All Indicators are extremely Bullish, with so much upward movement potential; even after a high %PPS increase we are seeing today.
I can thank myself for getting trashed on Memorial day & oversleeping this, losing a great entry point..but I wasn't afraid to hop in today at the current PPS; because all indicators / promotions are screaming $1.50 - $6.00 EASY
CCI
RSI
PSAR
MACD
FULL STOC
AS ALWAYS..
SEE YOU AT THE ATM $$!
Nice Day Coming! Good Friday Candle For A Fresh Week Here!
We're going to see this go crazy when APS destroys TBX
GO PARABOLIC = BREAKING $2.00
DEAR ERIC VAN,
I know you read iHub so please listen up.
IF THIS DOES NOT GO PARABOLIC TUESDAY OPEN..EVERYONE WILL MOVE TO TBX.
MANY WILL NEVER PLAY/FOREVER BASH APS WITH THIS PLAY.
YOU ARE A VERY INTELLIGENT MAN, I'M SURE YOU ARE FAR PREPARED FOR THIS!
LETS MAKE IT A 500% GAINER FROM CALL!
Word Just Got Out. PPS IS GONNA RUN NOW!!!
touché!
CTRL + R
Thank you.
I am expecting to see some nice white candles in the future here. RSI @ CCI are lining up nicely for a strong incline.
I find that Flat trading always finds its true path.
Today should be an interesting day
Buy confirmation is different for everyone. Big % gainers buy before a PSAR flip based off other indicators.
I agree w/ you that once 1.73 breaks; many will hop in for the inevitable $2.00 break!
We haven't seen anything yet! This is consolidating nicely for a MASSIVE REBOUND!
This is definitely due for a nice long white candlestick. APS plays go out in a BANG..and I haven't seen any BANG here just yet.
I don't think breaking 1.73 is going to be an ordeal that takes a few days to accomplish; I believe its going to happen w/ one nice trading day...leaving the 1 dollar range in the dust.
Indicators are locked and loaded!
Closing Green.. Getting There..Maybe
Picked up some more, just in time too!
Comments on the day?
I agree. I still believe this could have a nice little run these last 30 minutes. The daily charting will look more appealing this weekend if we have at least 2 nice green candles in a row. The manipulators know this
closing green today
EOD Run Coming - PPS hasn't moved much all day. It's held very nice on low volume w/ no bid support.
People are waiting for a move. 30min MACD - BULLISH
Nice candlestick forming here Paul!!
$1,045,000 Sell Order Went Through.. Cover maybe?
Its because the 1Min charts MA's have crossed (bearish) for A.M Tomorrow
It won't be the death of it.. but should drop.. time will tell though
I hope i'm wrong