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Agreed! Just a matter of time.
$AGYP ~ Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float-40285891/
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
$AGYP ~ Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float-40285891/
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
Agreed! RSI currently at 37. Oversold and ready for a move back up, as oil prices are increasing.
Nice! We should have more updates coming on this soon.
RECAP ~ News and Articles featuring Allied Energy Corp. (AGYP) since the beginning of the year. $AGYP
May 5, 2022
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
May 3, 2022
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
April 6, 2022
5 Permian Plays With Big Potential (AGYP, REI, CDEV, APA, OXY)
https://www.marketscreener.com/quote/stock/RING-ENERGY-INC-14141374/news/5-Permian-Plays-With-Big-Potential-AGYP-REI-CDEV-APA-OXY-39977188/
March 8, 2022
CapitalGainsReport: Allied Energy (OTCMKTS: AGYP) Value Skyrockets As Crude Oil Hits 14 Year Highs
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/CapitalGainsReport-Allied-Energy-OTCMKTS-AGYP-Value-Skyrockets-As-Crude-Oil-Hits-14-Year-Highs-39693497/
February 25, 2022
CapitalGainsReport: Russia Invades Ukraine, Oil Briefly Hits $100 Per Barrel; Allied Energy Corporation (OTCMKTS: AGYP) Seeks Up List, Share Buybacks
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/CapitalGainsReport-Russia-Invades-Ukraine-Oil-Briefly-Hits-100-Per-Barrel-Allied-Energy-Corporat-39581844/
February 25, 2022
Energy Stocks To Buy Amid Russia Ukraine Crisis
https://pennystocks.today/energy-stocks-to-buy-amid-russia-ukraine-crisis/
February 24, 2022
Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program
https://www.mcapmediawire.com/allied-energy-corporation-retained-council-to-advise-on-and-initiate-a-corporate-up-listing-and-share-buyback-program/
February 7, 2022
CapitalGainsReport: Fracking For More Oil From Shale Rock Drillers DVN, AGYP, PXD, MRO, CLR See More Oil
https://www.marketscreener.com/quote/stock/PIONEER-NATURAL-RESOURCES-14159/news/CapitalGainsReport-Fracking-For-More-Oil-From-Shale-Rock-Drillers-DVN-AGYP-PXD-MRO-CLR-See-More-37800268/
February 4, 2002
U.S. oil prices top $90 a barrel for the first time since 2014
https://www.cnbc.com/2022/02/03/us-oil-prices-top-90-a-barrel-for-the-first-time-since-2014.html
*To note that this article does not mention Allied Energy, but it is relevant to include in relation to the increasing oil prices and the impact it will have on a US oil producing company like Allied Energy Corp.
February 2, 2022
CapitalGainsReport: Crude Bulls Create Upside for AGYP ,XOM, AP, REI, CDEV
https://www.marketscreener.com/quote/stock/EXXON-MOBIL-CORPORATION-4822/news/CapitalGainsReport-Crude-Bulls-Create-Upside-for-AGYP-XOM-AP-REI-CDEV-37718619/
February 1, 2022
Hydrolic Fracking Companies To Watch: USWS, TUSK, SWN, PTEN, AGYP
https://topnewsguide.com/2022/02/01/hydrolic-fracking-companies-to-watch-usws-tusk-swn-pten-agyp/
January 31, 2022
CapitalGainsReport: Energy Sector Outperforms As XOM, CVX 'Overpay' Dividends And Independents Like AGYP Focus On Oil Exploration And Production
https://m.marketscreener.com/news/latest/CapitalGainsReport-Energy-Sector-Outperforms-As-XOM-CVX-Overpay-Dividends-And-Independents-Like--37694832/
January 29, 2022
Allied Energy (AGYP), Oil Producer Growing in Value with $100 Oil on the Horizon
https://drpgazette.com/2022/01/29/allied-energy-agyp-oil-producer-growing-in-value-with-100-oil-on-the-horizon/
January 28, 2022
Is Oil and Gas Explorer AGYP Going Electric?
https://www.drpjournal.com/is-oil-and-gas-explorer-agyp-going-electric/
January 26, 2022
CapitalGainsReport: Allied Energy (OTCMKTS: AGYP) Value Grows With $100 Oil Forecast
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/CapitalGainsReport-Allied-Energy-OTCMKTS-AGYP-Value-Grows-With-100-Oil-Forecast-37643129/
January 24, 2022
Allied Energy Corp. (OTCMKTS:AGYP) Trade Signals Positive After News
https://topnewsguide.com/2022/01/24/allied-energy-corp-otTrade Signals Positive After News
https://topnewsguide.com/2022/01/24/alliedcmktsagyp-trade-signals-positive-after-news/
January 21, 2022
TopNewsGuide: Allied Energy Corp. (OTCMKTS: AGYP) Gilmer Lease Potentially Million Dollar A Year Producer
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/TopNewsGuide-Allied-Energy-Corp-OTCMKTS-AGYP-Gilmer-Lease-Potentially-Million-Dollar-A-Year-Pro-37605572/
January 20, 2022
Allied Energy Corporation Reviews 2021 Oil Leases Progress to Production and Provides 2022 Outlook
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/Allied-Energy-Corporation-Reviews-2021-Oil-Leases-Progress-to-Production-and-Provides-2022-Outlook-37597137/
January 18, 2022
Oil & Gas Stocks Watchlist XOM, CVX, PBR, KMI, ET, AGYP
https://topnewsguide.com/2022/01/18/oil-gas-stocks-watchlist-xom-cvx-pbr-kmi-et-agyp/
January 18, 2022
Allied Energy Corp. (OTCMKTS AGYP) Primed to Rise to Substantial Production Levels
https://topnewsguide.com/2022/01/18/allied-energy-corp-otcmkts-agyp-primed-to-rise-to-substantial-production-levels/
January 14, 2022
AGYP Stock – A Domestic Oil Producer
https://pennystocks.today/agyp-stock-a-domestic-oil-producer/
January 13, 2022
Permian Plays to Probe: AGYP, RTLR, WTI, BSM, MDMP
https://topnewsguide.com/2022/01/13/permian-plays-to-probe-agyp-rtlr-wti-bsm-mdmp/
January 13, 2022
AGYP Stock & A Bullish Oil Market
https://pennystocks.today/agyp-stock-a-bullish-oil-market/
January 12, 2022
TopNewsGuide: Analysts See Rise in '22 Oil Exploration (XOM, CVX, AGYP, PXD And COP)
https://www.marketscreener.com/quote/stock/EXXON-MOBIL-CORPORATION-4822/news/TopNewsGuide-Analysts-See-Rise-in-22-Oil-Exploration-XOM-CVX-AGYP-PXD-And-COP-37524807/
January 10, 2022
CapitalGainsReport: Permian Basin Oil Cos Could Rise in '22 (AGYP, MDMP, OILCF, BSM, ICD)
https://www.marketscreener.com/amp/quote/stock/INDEPENDENCE-CONTRACT-DRI-17122707/news/CapitalGainsReport-Permian-Basin-Oil-Cos-Could-Rise-in-22-AGYP-MDMP-OILCF-BSM-ICD-37504570/
January 7, 2022
Allied Energy Corp. (OTCMKTS: AGYP) Brings Progress into 2022
https://www.drpjournal.com/allied-energy-corp-otcmkts-agyp-brings-progress-into-2022/
January 4, 2022
TopNewsGuide: Allied Energy Corp. (OTCMKTS:AGYP) Tapping Untapped US Oil
https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/TopNewsGuide-Allied-Energy-Corp-OTCMKTS-AGYP-Tapping-Untapped-US-Oil-37459139/
Share reduction recap >>
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
$AGYP #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
$AGYP #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Bids stacked in the .16s.
LOL. Great post and good for you :)
The volume is increasing. Noticing a lot of accumulation today. $AGYP
Recap of this week's huge updates >>
- 1.63M shares retired from DTC.
- PR out that another 2.83M would be retired from DTC.
- Large short position (with decreasing shares in the DTC and only 47M in the float).
- Oil Production.
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
$AGYP huge updates this week #Oil #Gas >>
- 1.63M shares retired from DTC.
- PR out that another 2.83M would be retired from DTC.
- Large short position (with decreasing shares in the DTC and only 47M in the float).
- Oil Production.
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
$AGYP huge updates this week #Oil #Gas >>
- 1.63M shares retired from DTC.
- PR out that another 2.83M would be retired from DTC.
- Large short position (with decreasing shares in the DTC and only 47M in the float).
- Oil Production.
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
Yep! And I have seen nice bids stacked all day.
Short squeeze imminent! ;)
Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program
https://www.mcapmediawire.com/allied-energy-corporation-retained-council-to-advise-on-and-initiate-a-corporate-up-listing-and-share-buyback-program/
$AGYP @ .255! #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
$AGYP @ .255! #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Recap of today's news and the additional DTC share removal earlier in the week. This is a combined total of over 4M shares!
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
$AGYP big news out today! Share reduction! On top of this 1.63M was removed from DTC earlier this week. That is over 4M shares! #Oil #Gas
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
$AGYP big news out today! Share reduction! On top of this 1.63M was removed from DTC earlier this week. That is over 4M shares! #Oil #Gas
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float AGYP
https://www.globenewswire.com/news-release/2022/05/05/2437103/0/en/Allied-Energy-Execute-Documents-To-Retire-2-480-000-Common-Shares-From-Public-Float.html
I have been holding for quite some time and it is going to pay off big. Management has been sticking to their word! $AGYP :)
Moving up on the breakout boards! $AGYP
https://investorshub.advfn.com/boards/breakoutboards.aspx
Actually, I think this is on top of the 1.63M that was removed from the DTC earlier this week. If that is the case then that makes it over 4M with another 2.48M being removed soon.
Nice update out! Thanks!
$AGYP nhod .263! #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
$AGYP nhod .263! #ShortSqueeze #SharesReduction #Oil #Gas
https://alliedengycorp.com/
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
“The eight loads sold reflect production from three wells on two leases. We are still in the monitoring phase of these producing wells and believe that production during the month of May from these three wells will continue to improve. We are currently focused on achieving production at additional wells during the month of May. The cash received from the sale of our oil production will allow us to expand the company in strategic new directions.”
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
8 loads is approx. 1300 to 1500 barrels of OIL.
$AGYP
Nice! AGYP grabbing a lot of attention this week.
$AGYP @ .2415 +10% #Oil >> Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
Carrollton, Texas, May 3, 2022 — McapMediaWire — Allied Energy Corp (OTC Pink: AGYP) a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce that the Company has successfully produced and sold eight loads of oil from the Company’s Green Lease and Prometheus Lease during the month of April. The total number of barrels sold in April will be announced once all the run tickets are in from Allied’s field personnel.
Allied CEO George Montieth commented: “The eight loads sold reflect production from three wells on two leases. We are still in the monitoring phase of these producing wells and believe that production during the month of May from these three wells will continue to improve. We are currently focused on achieving production at additional wells during the month of May. The cash received from the sale of our oil production will allow us to expand the company in strategic new directions.”
Allied has turned its attention toward achieving production at the Company’s Gilmer Lease location. There are currently three re-completed wells at Gilmer immediately ready for production once electrical power has been established. Because of aspects beyond the Company’s control, Allied is currently implementing an alternative form of power at the location. Due to the soaring costs of electrical power installation, Allied believes that the most efficient route to achieving production at the three re-completed wells at the Gilmer may initially be achieved through diesel generators and reconfiguring the one phase electrical power to three-phase with an inverter. The Company is optimistic this is the best course of action and will provide updates as progress is achieved at the Gilmer Lease.
Allied CEO George Montieth concluded: “Allied is an oil company and my mission as CEO is to ensure that our total production number and revenue continues to increase over time. Since our last release in February, much has been happening behind the scenes to increase shareholder value in the near term.”
The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”
$AGYP @ .2415 +10% #Oil >> Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
Carrollton, Texas, May 3, 2022 — McapMediaWire — Allied Energy Corp (OTC Pink: AGYP) a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce that the Company has successfully produced and sold eight loads of oil from the Company’s Green Lease and Prometheus Lease during the month of April. The total number of barrels sold in April will be announced once all the run tickets are in from Allied’s field personnel.
Allied CEO George Montieth commented: “The eight loads sold reflect production from three wells on two leases. We are still in the monitoring phase of these producing wells and believe that production during the month of May from these three wells will continue to improve. We are currently focused on achieving production at additional wells during the month of May. The cash received from the sale of our oil production will allow us to expand the company in strategic new directions.”
Allied has turned its attention toward achieving production at the Company’s Gilmer Lease location. There are currently three re-completed wells at Gilmer immediately ready for production once electrical power has been established. Because of aspects beyond the Company’s control, Allied is currently implementing an alternative form of power at the location. Due to the soaring costs of electrical power installation, Allied believes that the most efficient route to achieving production at the three re-completed wells at the Gilmer may initially be achieved through diesel generators and reconfiguring the one phase electrical power to three-phase with an inverter. The Company is optimistic this is the best course of action and will provide updates as progress is achieved at the Gilmer Lease.
Allied CEO George Montieth concluded: “Allied is an oil company and my mission as CEO is to ensure that our total production number and revenue continues to increase over time. Since our last release in February, much has been happening behind the scenes to increase shareholder value in the near term.”
The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”
$AGYP 1.63M removed from the DTC #ShareReduction
Allied Energy Corp. (OTCMKTS: AGYP)
#oil #oilstocks #oilinvest #junioroil #gas
https://alliedengycorp.com/
https://www.otcmarkets.com/stock/AGYP/security
$AGYP 1.63M removed from the DTC #ShareReduction
Allied Energy Corp. (OTCMKTS: AGYP)
#oil #oilstocks #oilinvest #junioroil #gas
https://alliedengycorp.com/
https://www.otcmarkets.com/stock/AGYP/security
Me too! And you can bet there is more to come. ;)
I keep seeing the progress that $AGYP has been making over the last year.
$AGYP oil production news out today. Plus yesterday 1.63M shares were removed from the DTC #ShareReduction >>
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
$AGYP oil production news out today. Plus yesterday 1.63M shares were removed from the DTC #ShareReduction >>
Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
https://www.mcapmediawire.com/allied-energy-corporation-continues-selling-numerous-loads-of-oil-from-their-producing-wells-throughout-april/
Allied CEO George Montieth commented: “The eight loads sold reflect production from three wells on two leases. We are still in the monitoring phase of these producing wells and believe that production during the month of May from these three wells will continue to improve. We are currently focused on achieving production at additional wells during the month of May. The cash received from the sale of our oil production will allow us to expand the company in strategic new directions.”