What is the #1 OIL and GAS play on the OTC? It's THIS!
$AGYP. $AGYP is the #1 OIL TICKER on the OTC and here is why!
We all can see that oil plays on the OTC are getting more and more attention with Biden in office and oil moving higher and higher. USA crude oil could easily surpass $70 this month and $AGYP is a well-positioned Texas oil producer ready to take advantage of the SURGE IN OIL PRICES.
The two producing wells are located in a prolific Texas oil and gas province approximately 2.5 hours north of Dallas. The area has a long history of oil and gas operations due to world class hydrocarbon sourcing from the Barnett shale and multiple stacked reservoirs in the Canyon Group, Strawn Group, Caddo Formation, Palo Pinto Formation, Marble Falls Group, and Mississippi Limestone.
Palo Pinto: Depth of 3100', oil production of 30 barrels per day, estimated ultimate recovery 113,000 barrels.
Mississippi: Depth of 5500', oil production of 50 barrels per day, estimated ultimate recovery 109,000 barrels.
Caddo: Depth of 5000', oil production of 40 barrels per day, estimated ultimate recovery 91,000 barrels.
Currently, USA crude is hovering around $65 per barrel. Some quick math shows that with this new acquisition there is approximately $20,000,000 of oil in the ground on this new deal!
The company has yet to release estimates on ultimate recoverable oil in all their other leases but the number is likely to be mind-boggling. Look at the number of leases they have!
Byers Heirs #2 Deu Pree Field, Wood County
A well originally completed in the Woodbine formation from perforations of 5736’ – 80’ making 74 bbls per day of 16 deg gravity “heavy” oil and accumulating 78,000 bbls of oil. When abandoned in 1997 the well was capable of making 60 bbls of oil per day but at the time there was no market for heavy oil and the price per bbl was discounted considerably due to the low gravity. Today there is a large demand for this type of crude oil and it can receive a significant bonus over the posted price of West Texas Intermediate. The produced oil will be blended with condensate to raise the gravity of the product and lower the gravity of the condensate. This will alleviate any pricing discounts applied due to lower gravity of the oil and the higher gravity of the condensate.
The well has been successfully re-entered and is waiting on final completion, which will entail the drilling of 4 or 5 short lateral legs (horizontal) information to enhance the daily production rates.
There is another productive zone above the Woodbine that has produced in the field, the Sub-Clarksville, that can be completed for commercial production. At some point we will consider completing this zone and commingling the production with the Woodbine oil. Screen Shot 2021-01-22 at 1.27.58 PM Byers #1, Deu Pree Field, Wood County
A well that is an offset to the #2 well and was completed in the Woodbine formation. It had an initial rate of 122 bbls of oil per day and accumulated 120,000 barrels of oil. It was abandoned in 1997 when a leak in the casing occurred and attempts to patch the leak failed. Today technology has improved dramatically and repairing a casing leak such as this one is much more successful. A re-entry of this well will be proposed to re-establish commercial production in the Woodbine and/or from a completion in the Sub-Clarksville. If the repairing of the casing leak is not successful a liner can be cemented inside the existing casing to repair the leak. Screen Shot 2021-01-22 at 1.36.09 PM Cameron #1, Deu Pree Field, Wood County
A well that was drilled south of the two Byers wells. The well was completed in the SubClarksville formation as it was not drilled to a depth sufficient to evaluate the Woodbine formation. The initial rate was 91 bbls of oil per day and accumulated 30,000 bbls of oil. It was abandoned when the price of oil fell below $10 per bbl.
Consideration should be given to deepening this well to the Woodbine for evaluation and possible completion. Screen Shot 2021-01-22 at 1.37.03 PM Continental State Bank #14, East Texas Field, Gregg County
Located in the East Texas Field this is a shut-in, fully equipped well capable of commercial production of oil from the Woodbine formation. Wells surrounding this well are currently producing commercial oil. The pump jack should be replaced with a submersible pump to allow for a greater daily fluid rate. In this field the amount of oil produced daily depends mainly on how much fluid is produced. Costs for the disposal of produced water is minimal as a connection to the East Texas Saltwater Disposal System is on the lease.
The Austin Chalk formation sits on top of the Woodbine and the well is located in an advantageous position geologically to afford the opportunity to produce commercial oil from that zone, which can be commingled with the Woodbine. Thrash “A” #1 & #2, East Texas Field, Rusk County
2 wells equipped for production with the exception of a pump jack missing from the #2 well. A submersible pump should be placed in the well to increase the daily fluid rate. If successful in increasing the oil produced the pump jack on the #1 well should be replaced with a submersible pump.
The Austin Chalk is present in the wells but the quality of the rock is such that a completion in that zone is not recommended at this time. Julia M. Finney Lease, East Texas Field, Rusk County
There are 8 shut-in wells on this lease completed in the Woodbine formation, of which 6 wells are fully equipped for production. The wells should be reworked and placed back into production. There are wells on all sides of the lease that are currently producing. Also, the lease is in a position whereby the Austin Chalk should be commercially productive. We are planning to eventually re-complete 3 or 4 of the wells in the Austin Chalk and 2 to 3 wells will be reconditioned to produce from the Woodbine using submersible pumps.
The Austin Chalk is present in the wells but the quality of the rock is such that a completion in that zone is not recommended at this time. Dora Hastings #1-R & #2, Glen Hummel, SW Field, Wilson County
2 wells located in south Texas that are completed in the Poth B Sand and equipped for production. In this area the Poth A, B, C and D sands are productive in various wells. The Poth A sand produces from a waterflood operation on adjacent leases to the east. The Poth C sand produces immediately to the north. The A, B and C sands are present in the offset wells to the east and in 2 wells that were completed in the Austin Chalk immediately to the west, and each are expected to be productive in our 2 wells. If warranted additional development may occur on the lease with new drilling or a re-entry on one of the Austin Chalk wells. F. M. Ezzell #2, Palmer (Poth B) Field, Wilson County
A well fully equipped for production with the exception of not having stock tanks and oil/water separation. There are other Poth sands that are productive in wells in the immediate area of this well and are expected to be present in this well. A cased hole log should be run in the well to evaluate other productive zones for re-completion. Also, the well should be reworked to re-establish commercial production from the B sand. Moody & West Lease, Loma Novia & Government Wells S. Fields, Duval County
This is a prospect to drill a well to 2,800’ and complete in 1 of the 5 productive sands that are present in the Loma Novia and the Government Wells formations. The lease has produced previously but each productive well was not produced from each productive sand. The wells were abandoned due to the condition of the well equipment but were still productive. Also, there are 7 to 10 drilling sites for future development.
Recently, $MDMP put a dollar volume on the amount of estimated recoverable oil in the ground on their properties and the stock surged on millions of dollars of volume. With a float about half the size of MDMP, $AGYP could see $2-3 once the market realizes how much potential production is in $AGYP's near term future!
Check out this $AGYP due diligence video here! I am loading the boat and holding because I believe oil will see $100 at some point in 2021 and I want to invest in an American oil producer that is ready to take full advantage of these prices!
AI
Market Data 
Markets 
