Allied Energy, Inc. has drilled the Foust #7-9 well located in Pawnee County, Oklahoma to a total depth of 3,000 +/- feet and encountered oil and/or gas shows in at least five conventional reservoirs.

The Foust #7-9 is currently in the completion process and is anticipated to establish commercial oil production in the next couple of weeks. Although the Company is very confident in these results, no assurances can be made that commercial oil production will be established.

“Based on the professional recommendations from multiple field experts, historical oil production data in this area and analyses made from the electric well log, we are confident that the Foust #7-9 could potentially become one of the better producers in this field”, said Allied’s President, Steve Stengell. “We are currently preparing to begin drilling operations for the second location, the Foust #8-9.

Tags: Allied Energy