Allied Energy Inc. (OTC Pink: AGGI) plans to complete its Yakesch #2H horizontal oil well located on the Yakesch Unit in Milam County, Texas.

The well was drilled to a total vertical depth of 5,923 feet, and a total measured depth of 6,755 feet. During drilling operations, oil was detected in the "pits" and a series of fractures in the Buda Limestone were encountered with a significant show of gas. The gas to surface was significant, to a point that mud had to be diverted through a gas control choke ...