Allied Energy Corp (AGYP)

[MyelSasha]

Read the FACTUAL value-driven catalysts. $AGYP team is preparing to unveil and deliver over the next several weeks directly ahead.. That's why I already know we're journeying into DOLLARLAND

After achieving favorable production numbers over a 5-6 month period, Allied will plan a 3D seismic survey of the site to identify additional drilling targets. $AGYP

Quote:
GREEN LEASE 2021 IN REVIEW

An executive summary of the Green Lease, located in Balor County, consisting of 980 acres was commissioned by the Company and completed by Petroleum Engineer Mark D. McBryde: https://www.otcmarkets.com/otcapi/company/financial-report/279883/content

Allied successfully reworked Green Lease Well M-1 and Well X-3 and both wells came online in September, 2021. After several weeks of pumping fluids it was assessed that high-capacity ESP pumps are required at both of the wells to achieve maximal oil production. In late November the Company began the process of installing one high-capacity pump and upgrading the electric supply to handle the ESP on Well M-1. The Well M-1 was brought back online in late December and the Company is currently assessing the draw down rate of fluids with the high-capacity pump.

GREEN LEASE 2022 OUTLOOK: In the coming weeks once the assessment of Well M-1 is complete, Allied will install the second ESP on Well X-3. Based on the success of Wells M-1 and X-3, Allied plans to evaluate three other Wells of interest at the Green Lease site. After achieving favorable production numbers over a 5-6 month period, Allied will plan a 3D seismic survey of the site to identify additional drilling targets.