Allied Energy Corp (AGYP)

[Orion1972]

Looking at the production history of this lease THIEL UNIT, Lease No: 160814, Well No: 1. The JENEX PETROLEUM CORPORATION operator #431135 reported production on the lease from July 2009 to April 2017.. that is 93 months.. with a average production 5618.93 MCF per month at the current spot rate of $7.70 for June this year. that comes to $43,265.76 per month.
From May 2017 to Feb 2020 33 months under operator POINTER EXPLORATION CO, LLC operator #668908 the average was 3107.03 MCF per month with the last spot rate of $7.70 for June that comes to $23924.13 per month .. But the Leak was discovered in Feb 2020 because production stopped after that... With ZERO production since Feb 2020 I am not sure how there could be a peak MCF of 69 in the last 12 months... but the Historical peak is FAR FAR greater than 69 MCF not to mention the last time the well was producing.. I just got off the phone with the RRC and the 69MCF number is not accurate since the well has not been producing since feb 2020
With that said no matter how you look at it the well when brought back on line does increase the company's value.. what could be next?

You can find the info here.. Using lease number 160814 and using district 3 on the drop down and selecting Gas and the well type.
http://webapps.rrc.texas.gov/PDQ/home.do

You can find the current spot rate here..
https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm