$AGYP on radar! recap of 2 articles that say this
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Posted On: 09/22/2021 11:38:09 AM
$AGYP on radar! recap of 2 articles that say this stock should be on your radar!
OTC Stocks to Watch Q3 2021
Allied Energy Corporation (OTCMKTS:AGYP)
Texas-based oil and gas exploration company, Allied Energy Corporation (OTCMKTS:AGYP) has had an eventful past few months.
The company released a major study in July announcing the Proved, Probable and Possible resources in the company’s two North Texas leases, the Green Lease and Annie Gilmer Leases respectively.
If you are new to oil & gas investments or are unsure what that means:
Proven reserves sit at the top of the scale, at a 90-percent or above likelihood of commercial extraction.
Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percent
Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percent.
Now that you know what they mean let’s look at what AGYP has 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
A very impressive number in its own right, however, it becomes more impressive when you consider these prices are at a conservative estimate of oil barrels priced at $46.26.
Oil is currently around $70 per barrel, so considering the two leases’ potential at $70 per barrel the new grand total would be $49,568,804 that’s 51% higher than AGYP’s ultra-conservative estimate.
Consider that in June, Bank of America strategist Francisco Blanch stated “We think in the next three years we could see $100 barrels again, and we stand by that.”
The company is now closer to achieving these numbers, last week they announced oil production has commenced at the Green Lease. They are also close on the Annie Gilmer lease. Things could heat up for the stock this fall.
https://topnewsguide.com/2021/09/21/otc-stock...h-q3-2021/
Tuesday’s OTC Market Winners: Momentum Report
Allied Energy Corporation (OTCMKTS:AGYP)
AGYP has made several bullish moves over the past few months, and looks to be starting another after closing Tuesday up 4.58%. Momentum could continue
The company has made several positive announcements in the past few months highlighted by their recent milestone press release signaling initial oil production on the company’s Green Lease located in North Texas. AGYP could be a gem because it is pumping oil domestically (Texas specifically) and providing needed product as major suppliers are failing demand in the oil and gas markets. AGYP differentiates itself because not only is it a domestic oil provider, but the liberals may even be able to get behind an oil and gas exploration company that reworks proven wells. They are essentially as “green” as an oil & gas explorer can be. By reworking the wells they are reducing the carbon footprint of an average oil exploration project. They are also harming less ‘virgin’ land, by getting the most out of what is already there. Finally, this exploration technique takes a lot of the costly guesswork out of exploration, as generally, the company will know there’s oil, the question will only be how much? In AGYP’s case, there appears to be quite a bit at their Green lease, soon we will learn just how much exactly.
https://topnewsguide.com/2021/09/22/tuesdays-...um-report/
OTC Stocks to Watch Q3 2021
Allied Energy Corporation (OTCMKTS:AGYP)
Texas-based oil and gas exploration company, Allied Energy Corporation (OTCMKTS:AGYP) has had an eventful past few months.
The company released a major study in July announcing the Proved, Probable and Possible resources in the company’s two North Texas leases, the Green Lease and Annie Gilmer Leases respectively.
If you are new to oil & gas investments or are unsure what that means:
Proven reserves sit at the top of the scale, at a 90-percent or above likelihood of commercial extraction.
Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percent
Probable reserves are those with the likelihood of recovery for between possible and proved reserves, or over 50-percent but under 90-percent.
Now that you know what they mean let’s look at what AGYP has 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
A very impressive number in its own right, however, it becomes more impressive when you consider these prices are at a conservative estimate of oil barrels priced at $46.26.
Oil is currently around $70 per barrel, so considering the two leases’ potential at $70 per barrel the new grand total would be $49,568,804 that’s 51% higher than AGYP’s ultra-conservative estimate.
Consider that in June, Bank of America strategist Francisco Blanch stated “We think in the next three years we could see $100 barrels again, and we stand by that.”
The company is now closer to achieving these numbers, last week they announced oil production has commenced at the Green Lease. They are also close on the Annie Gilmer lease. Things could heat up for the stock this fall.
https://topnewsguide.com/2021/09/21/otc-stock...h-q3-2021/
Tuesday’s OTC Market Winners: Momentum Report
Allied Energy Corporation (OTCMKTS:AGYP)
AGYP has made several bullish moves over the past few months, and looks to be starting another after closing Tuesday up 4.58%. Momentum could continue
The company has made several positive announcements in the past few months highlighted by their recent milestone press release signaling initial oil production on the company’s Green Lease located in North Texas. AGYP could be a gem because it is pumping oil domestically (Texas specifically) and providing needed product as major suppliers are failing demand in the oil and gas markets. AGYP differentiates itself because not only is it a domestic oil provider, but the liberals may even be able to get behind an oil and gas exploration company that reworks proven wells. They are essentially as “green” as an oil & gas explorer can be. By reworking the wells they are reducing the carbon footprint of an average oil exploration project. They are also harming less ‘virgin’ land, by getting the most out of what is already there. Finally, this exploration technique takes a lot of the costly guesswork out of exploration, as generally, the company will know there’s oil, the question will only be how much? In AGYP’s case, there appears to be quite a bit at their Green lease, soon we will learn just how much exactly.
https://topnewsguide.com/2021/09/22/tuesdays-...um-report/
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