Friday, November 19, 2021 1:35:48 PM
AGYP is constantly on the lookout for abandoned lease sites. Their most profitable sites to date are the Green Lease site, which holds $2,944,900 of proved oil and $18,536,600 of probable and possible oil. The Annie Gilmer site holds $6,704,900 in proved oil and gas reserves with $5,489,900 in probable and possible reserves. Their newly acquired 325-acre Prometheus Lease site in Texas, might just be their biggest investment yet. With numerous oil producing wells in this site, AGYP is expecting a significant rise in its oil production and is a bullish sign of what AGYP may be able to achieve in terms of long-term production.
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