Business

Allied Energy, Inc. Announces Operations Update Walker #1H and Clanton #1H Horizontal Wells

Allied Energy, Inc. Announces Operations Update Walker #1H and Clanton #1H Horizontal Wells.

articleAllied Energy, Inc.August 10, 20134/company/allied-energy-inc/news/allied-energy-inc-announces-operations-update-walker-1h-and-clanton-1h-horizontal-wells
Allied Energy, Inc.  Announces Operations Update Walker #1H and Clanton #1H Horizontal Wells

About this update from Allied Energy, Inc.

[{"type":"text","content":"\n \n \n \n\n \n 0\n false\n \n \n 18 pt\n 18 pt\n 0\n 0\n \n false\n false\n false\n \n \n \n \n \n \n \n\n \n \n\n\n\n\n /* Style Definitions */\ntable.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\n\tmso-para-margin:0in;\n\tmso-para-margin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\";\n\tmso-ascii-font-family:Cambria;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-fareast-font-family:\"?? ??\";\n\tmso-fareast-theme-font:minor-fareast;\n\tmso-hansi-font-family:Cambria;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-bidi-font-family:\"Times New Roman\";\n\tmso-bidi-theme-font:minor-bidi;}\n\n\n\n\n\n\n\nAllied\nEnergy, Inc. \n\nAnnounces Operations Update \n\nWalker #1H and Clanton #1H\nHorizontal Wells \n\nBOWLING\nGREEN, KY-- (Marketwire ? August 10th, 2013) - Allied Energy, Inc. (?Company?)\n(OTCPink: AGGI) is pleased to announce drilling updates with regard to the\nWalker #1H and Clanton #1H horizontal wells in Milam County, Texas.\n\nWalker #1H Well: The\nWalker #1H well was recently drilled to a total vertical depth (TVD) of 5,686?\nand a total measured depth (TMD) of 8,272?. The well was drilled horizontally\nin the Austin Chalk formation, where heavy natural fracturing was encountered. \n\nThe Walker #1H well is the second\nin a series of three wells to be drilled on the company?s Yakesch lease in\nMilam County, Texas. The Company?s engineers are currently developing a\ncompletion program that is expected to commence in the next few weeks.\n\nThe\nWalker #1H well was drilled on behalf of two general partnerships sponsored by\nthe Company.  The Company holds a\n0.197% working interest in the well. \n\nClanton #1H Well: The Clanton\n#1H well was recently drilled to a total vertical depth (TVD) of 6,120? and a\ntotal measured depth (TMD) of 8,638? and had heavy natural fracturing along the\nlateral section.  The Company plans\nto commence completion operations in the next few weeks.\n\nThis\nis the third horizontal well drilled by the Company on its Yakesch lease in\nMilam County, Texas. \n\nThe\nClanton #1H well was drilled on behalf of two general partnerships sponsored by\nthe Company.&nbs...

More updates from Allied Energy, Inc.