InvestorsHub Logo
Followers 226
Posts 20125
Boards Moderated 5
Alias Born 03/19/2012

Re: None

Monday, 06/04/2012 9:50:50 AM

Monday, June 04, 2012 9:50:50 AM

Post# of 72024
Tbx mail out
DALLAS, TEXAS--(Marketwire - June 4, 2012) - AGR Tools Inc's (or "AGR" or the "Company") (OTCQB:AGRT)(OTCBB:AGRT) wholly owned subsidiary, AGR Energy Holdings Inc (or "AGR Energy"), is pleased to announce that, subsequent to all material terms including the obtaining of a title opinion confirming the terms of the lease that is acceptable to counsel, being met by both parties in the previously announced LOI to acquire a 700 acre oil lease from Consolidated Oil and Gas (or "Consolidated" or "COGC") in Overton County, Tennessee (for PR click here: http://goo.gl/ApLfu), the final acquisition and operating contract and may be executed by both parties as early as Friday, June 15th, 2012. Following the execution of this agreement the parties look to set an immediate timetable for an AFE agreement (approved for expenditure) on the budget for the initial 10 oil wells to be drilled within the lease.

Mr. Vern Wilson, CEO of AGR commented:

"We are thrilled to be moving so quickly on our first oil property. The very professional team at Consolidated has undoubtedly helped this acquisition to move smoothly and with definitely help during the development process of these oil properties."

About AGR Tools Inc, and its wholly owned subsidiary, AGR Energy Holdings Inc:

AGR Tools/AGR Energy Holding's mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources vital to the world's health and welfare.

AGR Energy Holding's strategic goal is to expand our reserve base and increase our cash flow through investment in and management of exploration, acquisition and exploitation of new and existing oil and gas assets.
For further information please visit: www.agrenergycorp.com.


This adds to the great news AGRT released last week:

1. AGR Energy Holdings Inc. Secures USD $20MM Non-Dilutive Financing
2. AGR Tools Inc. Retains Circadian Group for Investor Relations Services
3. AGR Tools Enters LOI to Acquire 700 Acre Oil Lease in Tennessee

If you have read AGRT's PR’s you can see AGRT expeditiously identifies and captures significant acreage positions through a bottoms-up geologic approach to exploration. We believe they intend to agressively grow the business through exploration success, development and production. Todays news supports this!

As you can see, we placed AGRT on high alert for good reason. AGRT is ready to break out and move to the next level. With an oil and gas company this dynamic, it's bound to happen!

At TBX we continue to demonstrate, our research process is second to none. We have applied careful consideration in our selection of AGRT, and our commitment to this success is now translating into potential profits for our subscribers!

Continue to follow close; don’t be caught on the sideline!


Sincerely,


Your Dedicated Team at TBX
http://bullexchange.com
Twitter: https://twitter.com/#!/TheBullExchange
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.