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Allied Energy Corporation Engages Official Petroleum Engineer To Publish an Engineering and Economic Report On Allied Leases
Allied Energy Corporation Engages Official Petroleum Engineer To Publish an Engineering and Economic Report On Allied Leases.
About this update from Allied Energy Corporation
[{"type":"text","content":"Carrollton, Texas, July 22, 2021 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), an energy company focused on leasing and reworking oil and gas projects in the state of Texas, is pleased to announce that Petroleum Engineer Mark McBryde has begun work on an Reserve Report detailing proved, probable and possible reserves on all of Allied's current leases.Mr. McBryde will first provide an executive summary of each separate lease detailed on the Engineering Report beginning with the \"Green Lease.\" Once all executive lease summaries are released, Allied will publish these reports with the OTC Markets via a supplemental disclosure. The Reserve Report will not only give Allied a clear understanding of all the resources under Allied's control. The report for Allied will outline the proven, probable and possible oil reserves for the leases Allied holds.Mark has served as Senior Production Engineer and Staff Production Engineer for prominent oil companies both within the USA and abroad, and has a degree from Texas Tech in Petroleum Engineering.CEO George Montieth commented: \"Mark is a respected oil man with a long history of success within the industry. Mark was the highest-ranking graduate from Texas Tech in his graduation year and has worked for senior oil companies. The reserve report that Mark is preparing will provide the company with a financial valuation that can be used within the oil and gas industry.\"Allied invites interested parties to view Mr. McBryde's CV here: https://backend.otcmarkets.com/otcapi/company/financial-report/281726/contentThe Company remains committed to providing updates on their corporate website and/or the corporate Twitter page as oil production progress is achieved.The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1.About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and...