ALLIED ENERGY CORPORATION

(AGYP)
Delayed OTC Markets  -  03:31 2022-06-24 pm EDT
0.1442 USD   +13.95%
05/05Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
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05/03Allied Energy Corporation Continues Selling Numerous loads of Oil From Their Producing Wells Throughout April
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04/065 Permian Plays With Big Potential (AGYP, REI, CDEV, APA, OXY)
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CapitalGainsReport: Allied Energy Corporation (OTCMKTS: AGYP) May Be $1+ Million Annualized Oil Producer

01/21/2022 | 03:43am EDT

Allied Energy Corporation (OTCMKTS: AGYP) may be a $1+ million annualized oil and gas producer now, according to our analysis. AGYP released a 2022 progress report on its well sites. Two of six oil producing sites show an extrapolated production yearly performance worth $1 million, potentially more.

Investors should add AGYP stock to their Watch Lists as this company pumps oil from domestic locations in Texas.

PRODUCTION AT ANNIE GILMER AND PROMETHEUS SITES

At its Annie Gilmer and Prometheus leased sites, AGYP is enthusiastic about its energy production:

-At Annie Gilmer site, AGYP's pumps are producing between 160 and 300 barrels of total fluids daily. They have a 2.5-5% oil cut. A newer and more powerful electrical submersible pump (ESP) is designed to handle 1,500 barrels of fluid daily. At a 2.5% oil cut, that's 37.5 barrels daily or 13,687.5 barrels annually. At a $80 price per barrel, that's $1,095,000 annually.

-At a 5% price cut, even higher prices result. This cut would mean 75 barrels daily. At $80 per barrel, annualized value would reach $2,190,000.

-Annie Gilmer oil production could grow higher as AGYP is in talks with Tri-County to set up 3-phase/200 amp service and add the ESP electrical pumps.

-At its Prometheus lease Well 1H, AGYP is pumping more. AGYP is pumping 2,000 to 2,400 barrels of fluid daily. At the same cut of 2.5%, it is pumping 50 barrels of oil daily. Using a $80 oil price for our projection, that gives AGYP $4,000 daily. Annually, it would translate into $1,460,000.

OIL CUTS AND PRICES PER BARREL ADD UP TO OVER $1MM

No matter how you extrapolate the numbers, AGYP is performing at the $1+ million annualized level. And this is at only two of the six wells where the Company has hit oil.

AGYP is a company that specializes in making older, abandoned and proven wells commercial again. It is still exploring for more oil and has identified numerous more leased sites where it can explore for oil and gas in the future.

AGYP SELLS OIL LOADS Q4 '21, 'REAL POTENTIAL' IN '22

In Q4 2021, AGYP sold three loads of oil from its Prometheus lease site. Each load consists of 160-170 barrels of oil. The company says, in 2022, it looks forward to more energy production from the site.

George Montieth, CEO, stated, "Yes, 2021 was a foundational year for Allied in which the company successfully achieved initial production at three of our lease sites."

'BARELY SCRATCHED THE SURFACE'

He added, "We now go into 2022 as a producing oil company that is selling oil to our contracted agent. Our initial production numbers have barely scratched the surface of the real potential of Allied's six existing well projects."

He said that Allied is a producing all-American oil company that is in the 'right place at the right time in history.'

Keep AGYP stock on your Watch List as energy stocks are jumping in value as oil prices boom and energy exploring is profitable.

Link to more news are at https://alliedengycorp.com/ and https://twitter.com/AlliedEnergyCo1

Disclaimers: Capital Gains Report 'CGR' is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by CGR is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall RP. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by CGR., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. RP. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, RP., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated five-thousand dollars cash via wire transfer by Crossroads Inc. to produce and syndicate content for AGYP Allied Energy Corp. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

CONTACT: To educate and attract more investors contact us at:

Mark McKelvie

editorcapitalgainsreport@gmail.com

(754) 233-0966

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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