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Allied Energy Corporation Reviews 2021 Oil Leases Progress to Production and Provides 2022 Outlook
https://www.marketscreener.com/quote/stock/AL...k-37597137
CEO George Montieth summarized 2021 as a year of laying foundations: "Yes, 2021 was a foundational year for Allied in which the Company successfully achieved initial production at three of our lease sites. I am genuinely proud of my team in the field for their hard work and dedication. In less than a year our team has done almost everything we set out to do. Sure, there have been hiccups and challenges along the way, but there are with every company. We enjoy meeting these challenges head on every day, it's what we love about building Allied Energy. From a practical side we also understand that whether it's getting power to the Gilmer Wells sooner or the weather delays we were met with throughout the spring season, some things are out of your control timing wise. We now go into 2022 as a producing oil company that is selling oil to our contracted agent. Our initial production numbers have barely scratched the surface of the real potential of Allied's six existing well projects. Now that we have this foundation of six active wells, I intend to build upon that throughout 2022 by maximizing production at each well, adding new wells and leases along with other strategic ventures to benefit the company and its shareholders. Allied is a producing all-American oil company that is in the right place at the right time in history. I could not be more excited about the prospects for the upcoming year and again remain proud that we accomplished the majority of our 2021 goals as outlined to our shareholders, most notably becoming a producing oil company!"
Allied Energy Corporation Reviews 2021 Oil Leases Progress to Production and Provides 2022 Outlook
https://www.marketscreener.com/quote/stock/AL...k-37597137
CEO George Montieth summarized 2021 as a year of laying foundations: "Yes, 2021 was a foundational year for Allied in which the Company successfully achieved initial production at three of our lease sites. I am genuinely proud of my team in the field for their hard work and dedication. In less than a year our team has done almost everything we set out to do. Sure, there have been hiccups and challenges along the way, but there are with every company. We enjoy meeting these challenges head on every day, it's what we love about building Allied Energy. From a practical side we also understand that whether it's getting power to the Gilmer Wells sooner or the weather delays we were met with throughout the spring season, some things are out of your control timing wise. We now go into 2022 as a producing oil company that is selling oil to our contracted agent. Our initial production numbers have barely scratched the surface of the real potential of Allied's six existing well projects. Now that we have this foundation of six active wells, I intend to build upon that throughout 2022 by maximizing production at each well, adding new wells and leases along with other strategic ventures to benefit the company and its shareholders. Allied is a producing all-American oil company that is in the right place at the right time in history. I could not be more excited about the prospects for the upcoming year and again remain proud that we accomplished the majority of our 2021 goals as outlined to our shareholders, most notably becoming a producing oil company!"
