Allied Energy provided the following report regarding its projects in Washington and/or Athens Counties, Ohio.

The Humphrey #1, Pannel #1, Kidder #1 and Bailey #1 each have been drilled to 4,000 +/- feet and have each been completed for production. At the end of May, the four wells combined are producing in the range of 90,000 - 120,000 cubic feet of gas per day.

The Sillaman #1 and Ladd #1 have each been drilled to a total depth of 4,000 +/- feet and encountered indications of gas in several formations including the Oriskany Sandstone and various members of the Ohio Shale. Both wells at the end of May have been completed for production and are producing a reported combined production of 45,000 cubic feet of gas per day. Revenue distributions should begin in the next 30 days.

The Cunningham #1 well has begun production but needed some additional rework. The Cunningham #1 should be back in production very soon. The Hutchinson #1 was placed in production at an estimated rate of 150,000 cubic feet of gas per day and at the end of May continues to produce at a rate of nearly 100,000 cubic feet of gas per day. Revenue distributions should begin in the next 30 - 45 days.

The Foust #9-9 and #10-9A have been completed and are awaiting production in Pawnee County, Oklahoma. They should go into production this week pending the installation of electric.

Tags: Allied Energy