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.

Expert Comments:

This Texas-based company is shifting its focus to another formation in the Permian Basin.
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With this transaction, the energy company ventures into new geologic territory.
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Keith Kohl, Pure Energy Trader (10/18/18)
"Earlier this week, Amazing Energy Oil & Gas Co. announced that it has closed its acquisition of the deep rights on 21K (mostly contiguous acres) in Pecos County, Tex.; as it stands now, the company controls all of the rights to ALL depths in 61K acres, with undivided mineral interest and rights to the depth of 3,000 feet to the surface on approximately 9K of its acres. This is a huge milestone for Amazing, and let's not forget that these guys have extensive geological work that covers this acreage."

This Texas E&P firm is having success using new well testing techniques.
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Projections show that company can deliver electricity for approximately one-half of the average market power costs.
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Management believes this transaction adds value for the company's shareholders.
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Clive Maund, (6/5/18)
"Amazing Energy Oil & Gas Co.'s recent price/volume action portends a breakout into a new uptrend, and it [should] happen soon. . .the stock is at a very good entry point here. The company has big upside potential from here."

Keith Kohl, Pure Energy Trader (5/17/18)
"Within the next two weeks, Amazing Energy Oil & Gas Co. expects to start its chemical squeeze program, which will take place around the outer perimeter of Section 91, where it previously initiated drilling, completion and drilling operations. If everything goes well, this program should allow for improved fluid entry on existing wells that target the Queen formation."

Keith Kohl, Pure Energy Trader (5/3/18)
"Amazing Energy Oil & Gas Co. hit a projection milestone of over 100 boe/d last month. . .the company expects that it will be drilling and completing, or reworking, at least three additional wells per month by Q3/18E. Furthermore, Amazing also plans to spud a new well within the next 90 days and build on its latest success."

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."

More Expert Comments

Experts Following This Company

Keith Kohl – Energy and Capital
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
Amazing Energy Oil & Gas Co. Content