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$AGYP on strong watch! Allied Energy Corp. (OTCMKTS: AGYP) is an oil-producing Permian play, the company holds several leases in the region but has production interest at 3 primary locations:1. Green Lease2. Gilmer Lease3. Prometheus Lease

Both the Green Lease and Gilmer Lease had assessments completed last summer, the recent market conditions have made a major change in the value of AGYP's reserves:

GREEN LEASE:

July 2021 Assessment ($46.26 per barrel): $20,563,100

Post Ukraine Conflict Value ($110 per barrel): $48,896,260

GILMER LEASE:

July 2021 Assessment ($46.26 per barrel): $12,194,800

Post Ukraine Conflict Value ($110 per barrel): $28,997,578

The current market conditions have increased the value of these two leases by 140%. Around the time of the report, AGYP's share price was at 47 cents. Currently, the stock trades at roughly half that price.

Considering the company's reserves are much more valuable now, and AGYP is currently producing, this represents value potential for investors. Before, the assessment represented 'potential', now the company is selling its oil, with oil prices near highs, this could mean a major bump in the company's bottom line.As more investors seek Permian plays with profit potential, AGYP will certainly draw interest.

https://www.marketscreener.com/quote/stock/RING-ENERGY-INC-14141374/news/5-Permian-Plays-With-Big-Potential-AGYP-REI-CDEV-APA-OXY-39977188/