AGYP Is An Independent Texas Driller Seeking Up List
AGYP on a major news day as
Counsel will also advise AGYP on establishing an ongoing share buyback program of AGYP's common stock.
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Three Major Reasons For The Move
- AGYP is seeking to position itself in the most attractive way possible. It wants to achieve real growth that adds value to the corporate bottom line. Securities counsel retained has extensive experience in companies raising their securities from lower to higher exchanges. It also has achieved dual-listings for numerous companies on exchanges such as Canadian TSX or the
- The Company believes that by up listing AGYP will achieve more visibility on an international platform. AGYP believes that as oil continues to increase in price, there is potential for more investors to look towards the oil and gas sector. For AGYP, up listing will mean more visibility around the world will be seen as a positive.
- Council is also retained to advise AGYP on establishing an ongoing share buyback program. The Company seeks to reduce the size of its public float by buying back shares on the public market. Acquisitions through private transactions will also be considered. More details on the share buyback program will be forthcoming.
AGYP CEO Montieth,
"We feel these initiatives will benefit both the Company and our shareholders by building real value now and in the future. I look forward to elaborating on material events as they take fruition."
AGYP specializes in exploring, drilling and pumping oil successfully. It is managed by an experienced oil and gas team.
Documenting its success, AGYP's
AGYP Sells Some 500 Barrels Of Oil From Prometheus Well
AGYP earlier announced in a Tweet that it has sold three loads of 160-170 barrels of oil so far in January from its Prometheus lease. AGYP continues to monitor production from its Well 1H in that location with the goal of increasing production from that Well.
Oil prices topped
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Link to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1
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