Business
Allied Energy Shareholders Elect Directors; Board Elects Brady as Interim CFO and Turner as Vice President of Operations
Allied Energy Shareholders Elect Directors; Board Elects Brady as Interim CFO and Turner as Vice President of Operations.
About this update from Allied Energy, Inc.
[{"type":"text","content":"BOWLING GREEN, KY—November 24, 2010—Allied Energy, Inc. (Other OTC:AGGI.PK—News) held its Annual Meeting of Shareholders and Board Of Directors Meeting on October 28, 2010.At the Annual Meeting of Shareholders, Dirk Olsen, Steve Stengell, Robert “Bob” Cueto and Scott Harris were re-elected to serve as members of the Board Of Directors. At the Board Of Directors meeting later in the day, Steve Stengell was elected to serve as the Chairman of the Board, Tim Brady was elected as the Company’s Interim Chief Financial Officer, and Joe Turner was elected as Vice President of Operations. Re‑elected officers included Steve Stengell as Chairman of the Board and President, and Scott Harris and Bob Cueto as Executive Vice President. The Company also discussed various operating activities, including its Rogers County, Oklahoma field operations, its Giddings Field, Texas horizontal project, its Leon County, Texas horizontal project, and its plan to become a fully reporting company. On November 12, 2010, Allied was named “Outstanding Business of the Year” for the Bowling Green area and received their “Community Impact Award of Southern Kentucky” at a banquet held at the National Corvette Museum.About Allied EnergyAllied Energy, Inc. (Other OTC:AGGI.PK—News) 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, geologists, petroleum engineers, and other operational personnel whose combined industry experience is essential to each project. Allied Energy's strategic focus is the development of oil and natural gas reserves.For more information: www.alliedenergy.comCertain statements in this release and the attached corporate profile that are not historical facts are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as \"anticipate,\" \"believe,\" \"expect,\" \"future,\" \"may,\" \"will,\" \"would,\" \"should,\" \"plan,\" \"projected,\" \"intend,\" and similar expressions. Such forward-looking statements involve known and unknown risks, including but not limited...