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Micro-Cap in Focus; AGR Tools Inc. (AGRT)

By Warren Paige

AGR Energy Holdings Inc., a wholly-owned subsidiary of AGR Tools Inc. (PINK: AGRT), on Monday, announced that it may acquire the 700 acre oil lease in Tennessee as early as Friday, June 15, 2012.

AGR had recently signed a LOI with Consolidated Oil and Gas to acquire the 700 acre oil lease, which is located in Overton County, Tennessee.  The company said that it may complete the acquisition and execute the operating contract by June 15.

Vern Wilson, CEO of AGR Tools, said that AGRT is thrilled to be moving so quickly on its first oil property. Wilson noted that the very professional team at Consolidated Oil and Gas has undoubtedly helped the acquisition to move smoothly and will definitely help during the development process of these oil properties.

AGR Tools are slightly lower in early trading today. At last check, AGRT shares were trading 1.29% lower at $0.459 on volume of 1.06 million.

 

 

 

June 5th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.