Fantastic update!! >> Success on its recent projects and rising crude oil prices are the short answers. AGYP could accrue revenues over $1MM in 2022 based on data analysis from Thursday’s press release. With crude prices closing in on $90 per barrel, AGYP appears poised to improve its market position amidst global supply chain chaos.
The company is now installing electrical access to their Gilmer site in early 2022. By doing this, AGYP will be able to install their ESP on the Gilmer site and pump more than 1,500 barrels of fluid daily. Adding the ESP technology to the Gilmer site would create a new level of production.