Due the math! No doubt real OTC oil deals with $AGYP
Quote: Allied Energy Corporation ( $AGYP ), has recently posted two monster filings related to two of their oil leases. The two filings are part of a larger “Engineering and Economic” report that will be released soon according to the company.
We haven’t had a chance to detail just how big these filings are yet, so that’s what we’ll do today. You can find the Both "Green Lease disclosure" and Annie "Gilmer Lease disclosure" here: https://www.otcmarkets.com/stock/AGYP/disclosure. The disclosures detail each lease's Proved, Probable, and Possible reserves.
If you are new to oil & gas investments or are unsure what that means: 1. Proven reserves sit at the top of the scale, at a 90-percent or above likelihood of commercial extraction. 2. Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percents. 3. Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percents.
Now that you know what they mean let’s look at what AGYP’s leases have reported: The Green Lease: Proved: $2,026,500 Probable: $5,781,300 Possible: $12,755,300
TOTAL: $20,563,100
The Annie Gilmer Lease: Proved: $6,704,900 Probable: $1,902,200 Possible: $3,587,700
TOTAL: $12,194,800
Let’s add these numbers up for some perspective on the total potential of these leases: Total Proved: $8,731,400 Total Probable: $7,683,500 Total Possible: $16,343,000
GRAND TOTAL: $32,757,900
Pretty impressive right?
We haven’t even gotten to the real kicker...these prices are at a conservative estimate of oil barrels priced at $46.26!
Oil is currently well over $70 per barrel, so let’s reexamine the grand total of these two leases’ potential at $70 per barrel, the new grand total is $49,568,804 that’s 51% higher than AGYP’s ultra-conservative estimate.
The average investor doesn’t know this, but now you do. Use that to your advantage.
Oil prices look to be recovering, and AGYP is still off its 1 year high of 83 cents. As new investors learn about these numbers the stock could reach well over $1, possibly higher.
AI
