Allied Energy Corp (AGYP)

[Orion1972]

LOL while I will agree with there is an increase in water to oil ratio's with aging wells but there are very few land based wells with ratios greater than 5-1 water to oil ratios.. off shore is a different story due to the immense pressures from the water volume sitting on top of the well. That being said even at 97% water to 3% oil at the volume reported still achieves 1+ million dollars in production from ONE well. That number increases with the increasing oil price...