Allied Energy Corp (AGYP)

[back2basics]

Some reasons why I think AGYP is a Scam

* When I first started looking at AGYP, in 6/2021, the first thing I did was read their PRs. Two things jumped out. The first was the number of PRS, in a short period of time. Many of them had little or nothing to do with AGYP. Pure fluff & Click Bait.

The next ting was the level of disingenuousness in them. Saying a well produced 200bbl/day (once upon a time), is meaningless to current investors.
An honest producer would tell the public what the daily production was , when it was shut in.

* A big sign of SCAM was in its' first production report was for Jan or Feb 2022./ Monthief said production for that month was 435 bbls. Not bad. But what TRRC showed was that some of the oil was residual oil, left in tanks, by the previous operator, and that some of the production was from the previous month, when Prometheus actually started pumping again.

Those few days were when stored up oil, in the formation, was at its highest, after the well had been shut in

* The Video. Monthief told a obvious lie, in his video, which has been removed. He said that Prometheus was producing 40 bbls/day.
And they were expecting 60-80. It would have been more believable if he had said he was expecting twins.

* Thieus. It was shut in due to a gas leak. Has the leak been fixed? Is it a work in progress? It's been months since news of the bogus sounding flow test.

* Any news abut production? The last numbers posted here, were for Oct.

IMO, The GYP smells like a scam!

B2B