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- Cost Sharing: The expenses associated with oil production can be substantial. Through this JOA, Allied can share the financial burden with the equipment provider. This arrangement allows for cost sharing on items such as equipment purchase or rental, maintenance, repairs, and other operational expenses.
- Access to Specialized Equipment: Miller gives Allied access to a wider range of specialized equipment that may be necessary for efficient and effective operations. This access can enhance Allied's capabilities and increase our chances of success.
- Expertise and Experience: Miller possesses extensive knowledge and experience in the oil industry. By entering into a JOA, Allied can benefit from the expertise of Miller, who will undoubtedly provide valuable insights and guidance on operational strategies, safety protocols, and best practices. Allied anticipates this collaboration to lead to more efficient and successful oil operations.
- Operational Efficiency: Jointly operating with Miller should lead to improved operational efficiency. Miller can handle the logistics of equipment mobilization, setup, and maintenance, allowing Allied to focus on their core competencies. This division of labor can result in streamlined operations, reduced downtime, and improved overall productivity.
- Risk Mitigation: Oil production involves inherent risks, including technical challenges, regulatory compliance, and market volatility. Sharing the risk with a trusted and experienced equipment provider through this JOA will help mitigate some of these risks. Miller's knowledge and resources can contribute to risk assessment, contingency planning, and the implementation of appropriate risk management strategies.
- Local Relationships and Networks: Miller has established relationships with other key stakeholders in the oil industry, such as suppliers, service companies, and regulatory authorities. Through this JOA, Allied can leverage these existing networks to access additional resources, support services, and industry connections, which the Company feels will be advantageous for maximizing and growing operations.
Allied CEO
The Company continues active work at the Thiel site with
About AGYP:
Safe Harbor Statement:
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
Contact:
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter: https://twitter.com/AlliedEnergyCo1
Contact Details
info@alliedengycorp.com
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