Allied Energy, Inc. announced that it has successfully drilled the second of six drill-site locations in Southeast Ohio and has again encountered indications of gas in various conventional and nonconventional reservoirs in Washington and Athens Counties.
The Sillaman/Humphrey #1 was drilled to a total reported vertical depth of 4,000 +/- feet with indications of gas in multiple zones. The Sillaman/Humphrey #1 is currently awaiting completion.
“Our 2nd location provided a significant show of gas while drilling through several formations,” said Steve Stengell, Allied’s President. “Our first two well locations are currently awaiting completion. We are tentatively scheduled to begin drilling the first of three more locations in Southeast Ohio after the Holiday Weekend.”
Allied Energy, Inc. (Other OTC:AGGI.PK) 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 financial analysts whose combined industry experience is essential to the success of each project. 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.
For more information: www.alliedenergy.com