Replies to post #18222 on Allied Energy Corp (AGYP)

[TSCTOlson]

You are absolutely right!! $AGYP has designed 3 phases for Prometheus Lease :
Phase one, pipe racks and forklift arrived on location and unloaded 7000 feet of tubing that ran into the Well. The Company secured a third-party contractor to rig up and set a blow-out preventor on the wellhead. Another contractor, Borets International, have delivered a heavy downhole pump, downhole sand separator, steel insulated cable, variable frequency drive, transformer, cable and spooler. Borets International have attached the 5-stage pump, motor and started in the hole with all necessary assembly. Cable have been strapped to the tubing as the pump and tubing were lowered to the target depth of 6500 feet.

Phase two at the Prometheus, the crews will finish running the pump into Well 1H while setting the variable frequency drive, transformer and connecting everything to the electrical service. Personnel will program the motor and pump and run critical system tests through a slow ramp up of pump horsepower when ready.

Phase three at the Prometheus, the electricians will change electrical services to 200 AMP to run the high-capacity pump and when completed, start to ramp up the horsepower of the pump until all desired parameters are met and full production settings are established.