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Allied Energy Begins Operations in Oklahoma, Texas Projects

Published Jan 21, 2009

Allied Energy Inc., Bowling Green, Ky., (Pink Sheets: AGGI) says drilling operations have begun in Pawnee County, Okla., and Fisher County, Texas.
 
Drill-site locations for the Foust #9-9 and Foust #10-9 in Oklahoma have been excavated and built, and Allied has begun drilling the first well location. Total depth for Foust #9-9 was expected to be reached by Jan. 16, with operations moving to the second well immediately after.
 
Allied Operating LLC, a subsidiary of Allied Energy, will serve as the operator of these properties.
 
Allied and its partners have also begun drilling a test location in Fisher County, Texas, with total depth expected to be reached by the end of January.