Wednesday, February 02, 2022 8:54:54 AM
Allied Energy Corporation (OTCMKTS: AGYP) is a Texas-based independent which is now an oil and gas producer. It has struck oil at six well sites on its leased properties at Green Lease, Annie Gilmer and Prometheus. It is now pumping $1 + million annualized from two of those wells now. It is also sitting on proven reserves of some $32 million, calculated last year at half of today's prices. Last month, AGYP tweeted it sold a 'load' of oil from its Prometheus well site. Outlook is for more of the same in 2022 as this company specializes in finding oil from once commercial well sites
https://www.marketscreener.com/quote/stock/EXXON-MOBIL-CORPORATION-4822/news/CapitalGainsReport-Crude-Bulls-Create-Upside-for-AGYP-XOM-AP-REI-CDEV-37718619/
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