Allied Energy Corp. (OTCMKTS:AGYP) is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon-bearing regions of the United States. AGYP's primary leases are located in the historically productive Permian Basin located in Texas.

What sets AGYP apart is the company's focus on reworking proven wells. The strategy allows it to save time and money that their competition generally waste searching for viable opportunities. With a large portfolio of proven and historically productive wells, AGYP can focus on pumping the remaining resources out of their properties utilizing the newest cutting-edge techniques to rework old or abandoned wells.

This strategy has paid off. Allied Energy recently announced striking oil on 3 wells at the company's Annie Gilmer Lease. The company also has two wells pumping oil and natural gas now at AGYP's Green Lease.

Their timing couldn't be better, the oil they are producing continues to gain value in light of recent geopolitical factors. Crude oil prices remain in what many experts call the "sweet spot" between $65 and $75 dollars per barrel. A price high enough for oil men to realize sizeable profits, but not so high that demand dips as a result.

George Montieth, CEO, said, "I am pleased with the progress at the Gilmer Lease location. Three wells have been reworked and re-completed and are now back in production. Allied has reached an important milestone in that we have achieved initial oil production at two of our lease locations. We have two wells producing at the Green Lease site and and three wells producing at the Gilmer Lease."

AGYP recently announced it had completed another acquisition in Texas as well. The Prometheus Lease, which in the past pumped 335 barrels a day plus 298,000 cubic feet of natural gas from their 1-H well, could be the company's next success story.

AGYP keeps its investors in the loop by tweeting videos showing the company's progress. For example, recently they've posted video of the company pumping oil on its Green Lease Well sites Well 1 and Well 2. This is a kind of transparency that is rare for an OTC company.

Keep AGYP on your Watchlist.

Disclaimers: Razor Pitch 'RP' is responsible for the production and distribution of this content. RP 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 RP 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 RP., 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. RP has been compensated up to five-thousand dollars cash via wire transfer by a third party 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.

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE