Allied Energy Begins Drilling 2nd Location in Pawnee County

Allied Energy Begins Drilling 2nd Location in Pawnee County

Saturday, August 30th 2008

Allied Energy, Inc. announced today that it has begun drilling its 2nd location in Pawnee County, Oklahoma.

“We expect to reach total depth for the #8-9 Foust in the next couple of days and are confident in the results we have seen thus far in Pawnee County,” said Allied’s President, Steve Stengell.

“Given the present and future outlook for oil prices, we believe the timing for developing these properties in Pawnee County could not have been better,” added Mr. Stengell.

Allied Energy, Inc. is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, third party geologists, industry consultants, petroleum engineers, and financial analysts whose combined industry experience is essential to the success of each project. Understanding the inherent risks of oil and gas development, Allied Energy’s strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.
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