Allied Energy Corp (AGYP)

[Snowie]

Fesco Petroleum Engineers in Alice Texas (www.fescoinc.com) ran a series of tests on the Company's Thiel Lease between July 20 and July 21, 2022. During the duration of the Fesco test the well produced over 800MCF natural gas.

The test numbers from Fesco are inline with the data Allied received and analyzed while the Thiel Well was operated by Jenex Petroleum Corporation from 2009 to 2021. During this time the Thiel Well reported numbers of approximately 8,080,000 cubic feet of natural gas per day (or about 880MCF per day). The Company is moving forward with a plan to begin leveraging the natural gas production of the Thiel.

Allied Energy Provides Natural Gas Data From Third Party on New Thiel Lease Acquisition
https://www.globenewswire.com/en/news-release/2022/09/01/2508825/0/en/Allied-Energy-Provides-Natural-Gas-Data-From-Third-Party-on-New-Thiel-Lease-Acquisition.html

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