Allied Energy Corp (AGYP)

[H4nS0n]

For sure $AGYP is showing its Progress in 2022. Wait the Q1-2022 Result

The data points to $AGYP potentially producing over $1 million annually from just one of these wells. Installing a new ESP in the coming weeks may even increase this potential output. Keep AGYP on your radar.

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Here's $AGYP OUTLOOK FOR GILMER LEASE IN 2022 >> Initial production data indicates that the pumping set up was insufficient to move the amount of fluids required using the gas bleed from the Wells. The current pump set-up yielded between 160 and 300 barrels of total fluids per day; however, the company discerned to achieve maximum potential at the Mississippi formation a pump setup that attains 1000 barrels of fluid per day, per well is required. The wells were showing between 2% to 5% oil cut even with these low pumping volumes.

Company has DONE with ESP installation >> Allied is currently in discussions with Tri-County to schedule installation for a 3- phase/200 amp service to the Gilmer Lease in Q1. As soon as electrical power is installed Allied will set an electrical submersible pump (ESP) in one of the wells to handle 1500 barrels of fluid per day. Allied will pump the well down and assess the data over a period of 60 days. Based on the results, we will repeat the process on each well until the lease is fully operational.