American Patriot Oil & Gas (ASX: AOW)

 
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Having acquired acquired conventional oil and gas assets in south Texas, the veritable oil heartland of the US, consisting of 900,000 barrels proven oil and gas reserves,

American Patriot (ASX: AOW) looks to be coming into its own as an oil and gas producer.

AOW already has a high-calibre portfolio of prospective oil and gas exploration assets in the US and now, having patiently searched for prime deals, it has picked up a covetable suite of production assets at a cut-rate price.

This is a game-changing acquisition for AOW, with low production costs set to translate into strong margins.

With a string of target assets in AOW’s sights, this looks like the first of many acquisitions.

AOW now has a number of additional transactions in Texas that it expects to have signed, sealed and delivered in the second half of this year.

The information in this email should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

This is all part of AOW’s overlying objective to aggressively build up a producing conventional oil business that will produce over 1,000 barrels of oil per day by 2018.

 That is more than achievable if dual-listed AOW continues to make good on its aggressive acquisition strategy and evolves to become a substantial oil and gas producer.

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