Allied Energy Corp (AGYP)

[DD_Checker]

$AGYP catalyst is that it has many more well sites to explore. These include:

** Cameron #1 Deu Pree Field in Wood County was abandoned when the price of oil dropped to less than $10. It had already pumped 30,000 bbls.
** Continental State Bank #14, East Texas Field, Gregg County is also promising. This is a shut in well fully capable of commercial production. This well is located in an advantageous geologic position.
** Julia Finley Lease East Texas Field has eight shut in wells of which six are primed for production.
** Dora Hastings #1- R & #2 has two wells equipped for production.
** F. M. Ezzell #2, well is ready to be reworked for commercial production
** Byers Heirs #2 Field in Wood County that in1997 produced 74 bbl. daily of heavy oil.
** Byers #1 Deu Press Field in Wood County, this well has produced 120,000 barrels of oil. It was abandoned in 1997, but technology has improved since then.