$AGYP ~ Watch Trendlines As Allied Energy Corp. (O
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https://topnewsguide.com/2021/10/11/watch-tre...-and-bdco/
At AGYP its stock jumped again last week when it announced it acquired the Prometheus Lease after hitting oil on its Green Lease site.
AGYP is now producing oil and closing for more. AGYP has established its future for shareholders by tweeting videos showing that it is now pumping oil on its Green Lease Well sites Well 1 and Well 2. Its tweets documented government officials from the Texas Railroad Commission on site inspecting the successful integrity of the Disposal Well site. It also posted video tweets of the Annie Gilmer site well preparing for oil production.That tweet showed the Pumpjack installation on Gilmer’s first well.
AGYP’s catalyst is it is on the cusp of being an oil producing company. This is a eco-green company making established wells commercial again. Its experienced management uses new technology, such as horizontal ‘legs’, down hole drilling and fracking, to make old wells commercial again.
AGYP believes that are thousands of more proven but non-producing wells to acquire at minimal cost. It sees and identifies leases available to be acquired throughout Texas. A large short position is keeping it high profile in the investor market.
An oil engineer found oil and gas reserves of some $32 million at the Green Lease and Annie Gilmer sites. And those are at sub-market prices of $46/barrel — far below current market prices quoted above.
Keep AGYP on your Watchlist. Energy stocks are growing fast. The trend lines are all moving in a higher direction.
Link to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
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