Replies to post #87 on Allied Energy, Inc. (AGGI)

[Stock Lobster]

I don't, I'm generalizing with AGGI, but after reading all the posts on the AXGC board, I am convinced that the stock is going to surprise many people soon.

I make it my business to study energy plays. These are just two I like alot.

News doesn't always come out on a timetable to suit impatient investors, but you can tell from looking at a company's history, and the steps they have been taking, the general ballpark for when moves may be announced.

It's an art and a science, and sometimes a bit of lucky dog-sense.

[Stock Lobster]

ot: This was an excellent post on AXGC:

also explains why I am awaiting news on that one.
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Posted by: davidam
In reply to: RonnieD who wrote msg# 2 Date:9/2/2006 10:15:04 AM
Post #3 of 100

This should get very interesting Ronnie. The buzz from shareholders is that this company will eventually announce oil concessions in several foreign countries. There was an article posted in Reuters which appears to confirm all the rumors circulating about where these first concessions may come from ( below). The dates we were hearing for a couple months now all correspond exactly to whats in this article

It is believed that the company will be a very low float stock somewhere around 4m shares after the financing is completed for these projects. OS in the neighborhood of 40m. It is also believed they will move to a higher exchange

IMO the announcement that they get the bid ( which appears certain) will move this stock upwards. If/when they announce oil concessions especially in Libya could very well send the stock exploding upwards. With all the tensions in Iran Libya offers a very exciting opportunity

By Salah Sarrar
>
> TRIPOLI (Reuters) - Libya will kick off its third
> international oil licensing round this month, inviting foreign firms
> to inspect data on 41 offered blocks on August 24 and August 31 in
> Tripoli and London, state-owned National Oil Corp. said.
>
> The north African country, emerging from years of
> international isolation, is a rare and sharply-contested global hot
> spot for oil firms seeking to exploit major reserves.
>
> It wants to attract foreign investment to help it increase
> its oil output to 3.0 million barrels (bpd) per day from about 1.6
> million bpd at present. NOC says the country's output is likely to
> rise to 2 million bpd by mid-2007.
>
> An NOC statement carried in government daily al
> Jamahiriyah and on NOC's website on Monday added that companies would
> have to apply for permission to participate by September 9.
>
> Those firms chosen to take part would be informed on
> September 22. They would submit formal offers on December 20 in
> Tripoli and the results would be announced the same day, the statement
> said, with final deals due to be signed in the first half of January,
> 2007.
>
> "National Oil Corp invites international oil companies to
> participate in the 3rd contracting session for exploration and
> production sharing agreements," the Arabic-language statement said.
>
> The round offers 12 offshore blocks and 29 onshore areas,
> it said. The onshore areas include the mature Sirte basin, the
> semi-mature Ghadames basin and the so-called frontier regions of
> Murzuq, Kufra and Cyrenaica.
>
> NOC says only 30 percent of Libya, Africa's fourth largest
> country, has been explored for hydrocarbons.
>
> Major oil companies from Europe, Asia and the United
> States won several permits to explore for oil and gas in two licensing
> rounds held in January and October last year -- the first rounds since
> U.S. lifted its sanctions on Libya in 2004.
>
> "All the offers will be handed in closed envelopes to the
> committee formed for this purpose (by NOC) from 8 a.m. to 10 a.m. on
> the 20th December at the Mahari Hotel in Tripoli," the statement said.
>
> "All the envelopes will be opened in the presence of the
> representatives of the companies. The winners will be announced on the
> same day," it said.
>
> RESTRUCTURING
>
> This latest round of licensing had been pushed back after
> a restructuring of the oil sector which shut down the oil ministry and
> put former prime minister Shokri Ghanem in charge as head of
>
> NOC.
>
> Libya also plans to tap its gas potential to become a
> major exporter, including to Europe.
>
> Monday's NOC statement did not say how much, if any, of
> the blocks on offer were intended for gas exploration.
>
> Up to now the major focus of most investors and operators
> has been on Libya's crude oil reserves, which are estimated at more
> than 37 billion barrels.
>
> But interest in Libyan gas is likely to grow because the
> country wants to increase its domestic gas usage and also expand its
> role as a gas supplier to Europe and elsewhere.
>
> Details of the round can be viewed at
> http://www.noclibya.com/noce/index.php?optionfiltered=com_content&task=view&id =83&Itemid=77

Good luck to all this stock is highly speculative at this point
but has merit IMO