AMAZ:OTCQX

Amazing Energy Oil & Gas Co.

Amazing Energy Oil and Gas, Co. (OTCQX; AMAZ) is an energy company with a focus on both exploration and production (E&P) as well as oilfield services. As of today in E&P, the company primary lease contains producing wells as well as a recently as a recently acquired exploration stage property. Its main asset accounts for rights within 65,000+ acres located in the in between the South Delaware Basin, Midland Basin and the Alpine High Basin. The exploration stage property consists of over 800+ acres located in a historically prolific oil and gas region in central Kansas. This asset has proven high potential due to the geological presence of a Horst Block. In the oilfield services, the company owns and operates drilling, completion, workover and lease operational services equipment. The company’s strategic plan is to keep developing and acquiring attractive acreage positions as well as explore potential JV Partnerships with larger E&P companies.
AMAZ:OTCQX

Expert Comments:

Bob Moriarty, 321 Gold (4/19/18)
"Amazing Energy Oil & Gas Co. plans on drilling deep wells capable of 275–500 boepd starting this summer. . .with each recompletion being worth almost $2M to the company, I expect the market to realize its real value soon. And when the $1.5M deep wells begin to produce, everyone will be amazed; today's price gives Amazing a tiny $32M market cap."

Keith Kohl, Pure Energy Trader (3/23/18)
"Amazing Energy Oil and Gas Co. gave us an update on the WWJD #31 well's initial logging and core analysis. . .the well was drilled to a depth of 4,000 ft and encountered multiple formations. . .we'll continue to build our position at this level."

Clive Maund, Clive Maund.com (3/17/18)
"The prospects for Amazing Energy Oil & Gas Co. are very bright, and it is viewed as being at a great entry point here after the reaction of the past week or so, so holders should stay long and it is viewed as an immediate strong buy again here. Amazing has 68.4 million shares in issue, of which the float is about 45 million.

Bob Moriarty, 321 Gold (3/7/18)
"Amazing Energy Oil & Gas Co. drilled an oil well they named WWJD #23 in Pecos County in the Permian Basin to a depth of 1,997 feet and encountered 44 feet of pay in the targeted Queen A formation. They own about 70% of the well and their cost was $300,000. . .the company holds an amazing 70,000 square acres or 109 square miles in the Permian Basin with potentially thousands of drill locations. Baker Hughes did a March 2017 report showing $15.3 Billion Probable Reserves on all 70,000 acres. . .Amazing's goal for 2018–2019 is to drill two vertical wells per month with an IP rate of 50 BOEPD and one horizontal well every three months with an IP rate of 300 BOEPD. . .When you work out the numbers, they are amazing. With a market cap today of under $50 million, the company price doesn't reflect the future value."

Keith Kohl, Pure Energy Trader (1/17/18)
"Amazing Energy Oil & Gas Co. is a small, independent oil and gas exploration and production company with one hell of an upside for early investors like us. . .recently, the company announced a 50/50 joint operating agreement/farm-in deal with JH Fossil Energy, in which JH Fossil will be the operator. Right now, we're expecting about 144 wells to be drilled through this joint venture over the next three years, at absolutely no capital cost to Amazing."

The letter of intent signed to develop this oil & gas company's large acreage in the red-hot Permian Basin would not only eliminate the company's capex budget, it could give the company a long-term cash flow stream.
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Clive Maund, Clive Maund.com (11/26/17)
"Amazing Energy Oil & Gas Co. has acquired a large block of land in the Permian Basin in Texas at an extremely cheap price, which is adjacent to the prolific Yates Oilfield, and therefore very likely to contain a lot of oil and/or gas, and is embarking on an aggressive drilling program at a time when the oil price is advancing after being depressed for some years, and more than 90% of its stock appears to be tightly held by insiders, so the float is very low. It is therefore logical to suppose that any speculation regarding positive drilling results could cause a significant run up in the stock price. . .Amazing Energy is very cheap here and remains an attractive speculative play with big upside potential."

Experts Following This Company

Clive Maund – gold, silver & oil shares
Bob Moriarty, Author 321 Gold

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Investing Highlights
 
OTCQX Amazing named to Best 50
 
Completion of WWJD #23 and WWJD#31 Producing
 
Amazing announces buy-back of the companys common stock