$AGYP is sitting on A TON of OIL look at this Due Diligence on their GREEN LEASE holding! Based on recent press and tweets they are about to start pumping it out of the ground like a mofo!
On 4/26/2021 $AGYP posted this following 3rd party due diligence report of their "Green Lease" holding.
There are SEVERAL noteworthy finds in this report!
Three well areas are included in the Green Lease. The 3rd party estimates that the Ultimate Oil Recovery from each one of these areas:
Palo Pinto: 113,000 barrels or approximately $7.1m at $63 per barrel pricing Mississippi: 109,000 barrels or approximately $6.8m at $63 per barrel pricing Caddo: 91,000 barrels or approximately $5.7m at $63 per barrel pricing
So on $AGYP's Green Lease alone we are talking about $20m in OIL.
Obviously, $AGYP holds a ton of potential oil in the ground. Now they need to start pumping it up and they have shown that they are aggressively securing everything necessary to begin production in earnest.
What else can we learn from the Green Lease Due Diligence?
The 3rd party that performed this due diligence estimated the price of oil at $45 per barrel. But this week it has been raging higher with US Crude hitting the high $64s!
They said that the Palo Pinto reserves on the Green Lease alone were about $3m of oil at $45 per barrel! So at $63 per barrel we are likely looking at about $5M of Oil just at the Palo Pinto location! And this is the location where they are about to begin production as per the latest PR!
It looks like once new tech is applied the production of the Palo Pinto area will be around 100 barrels per day of oil.
And it looks like once the Palo Pinto is online they will be turning attention to the Mississippi and Caddo areas (included in the Green Lease). The 3rd party (Ardent Oil Consultants) projects a 400 barrel per day production from the green lease. At $63 per barrel that is about $25,000 of production revenue DAILY.
I think there are plenty of OTC oil companies but I like $AGYP because they are steadily making progress and showing all the telltale signs of an oil company about to begin real OIL PRODUCTION.
I would encourage you to perform your own due diligence by looking at their recent news, filings, and tweets.
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