Replies to post #28397 on Allied Energy Corp (AGYP)

[DD_Checker]

Agree because shorts keep telling the same chit story about it

Yep, unfortunately it seems that reminder needs to be put out daily. Including today.

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Good reminder of so-called "saltwater"

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Man you have been schooled on this so many times, but here it is again for you >>

Oil & gas wells have a lot more to them than just oil or gas. They typically also contain saltwater. As wells age, the amount of excess water in the mix can increase significantly. The water cut is the ratio of water produced compared to the volume of total liquids produced from an oil well. For example, if a well makes 200 barrels of oil per day and 4,000 barrels of water per day, the water cut would be 95%. It's a known fact that there would be more saltwater than oil.