Allied Energy Updates Rogers County Drilling Project

Allied Energy Group, Inc. announced the following update regarding its five-well coalbed methane project located in Rogers County, Oklahoma.

The third well (Schmidt #1) was successfully drilled to a measured total depth of 1,180 +/- vertical feet and apparently encountered an estimated 9-17 total feet of potentially productive interval “natural gas pay-zone” in the Croweberg, Rowe, and Mulkey coal seam formations.

“We are very excited about the production potential for all three wells,” said Steve Stengell, Sr. Vice President of the Allied Energy Group, Inc. He added, “We are tentatively scheduled to begin drilling the last two wells in the immediate future.”

The three wells were drilled in the following order: Schmidt #4, Schmidt #2, and Schmidt #1.

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