Due diligence is underway on the previously announced acquisition of the Paul Lease in Overton County, TN. To that end, in conjunction with CEO Vern Wilson visiting the site and meeting with a local geologist, a title opinion will be commissioned on Thursday, June 21, 2012. A review of the drilling program will also be conducted with all necessary parties;
The Company has been of gathering due diligence information from the vendor of the three Corpus Christi, TX leases, announced June 11th;
AGR would like to announce an upcoming Global Investor Conference Call which will be hosted by Vern Wilson, CEO and Scott D. Allen, CFO. Circadian Group, the Company's Investor relations firm, will be moderating the call, and will be presenting questions to Management asked by Shareholders and other interested parties on Circadian's website chat interface. Interested parties are asked to watch for an upcoming press release with detailed information, and invites everyone to sign-up to the company newsletter at www.agrenergycorp.com to receive company press releases in real-time though email.
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.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements made in this release that relate to future plans, events, financial results or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are based upon current information and expectations. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties. Investors should also be aware that while the Company from time to time does communicate with securities analysts, it is against the Company's policy to disclose to them any material non-public information or other confidential commercial information. Investors should not assume that the Company agrees with any report issued by any analyst or with any statements, projections, forecasts or opinions contained in any such report.