TSAS GUNNA BLOW BACK TO >.50+
PGI Energy Announces Closing of Oil and Gas Asset Acquisition in New JV Partnership and New $100 Million Equity Commitment
Date : 02/25/2011 @ 8:01AM
Source : Business Wire
Stock : PGI Energy, Inc. (TSAS)
Quote : 0.064 0.0 (0.00%) @ 8:06AM
PGI Energy Announces Closing of Oil and Gas Asset Acquisition in New JV Partnership and New $100 Million Equity Commitment
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PGI ENERGY, INC announces new joint venture gas development agreement with Osyka Resources, LLC in acquiring a 50% stake of Mustang Island Block 882. The asset is valued at $15 mil. “We are equally as excited to have executed a new round of financing with AGS Capital Group in New York. The closing of this transaction will allow us to report modest earnings, thus increasing value for our shareholders as we continue our growth plan. The number of institutional investors interested in investing in PGI Energy speaks volume to our business model and vision for growth at a rapid pace,” says Marcellous McZeal the Company CEO.
About Osyka Resources, LLC
Osyka Resources, LLC is a Houston based subsidiary of Osyka Resources Corporation with E & P operations throughout Texas, Louisiana, and Mississippi. Osyka will be the operator in this joint venture project.
About AGS Capital Group
AGS Capital Group provides innovative and flexible debt and equity financing solutions for growth-stage and mature public companies as well as private companies seeking to go public.
With offices in New York, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe.
AGS Capital Group invests in public companies listed on most exchanges. They perform fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation.
