Allied Energy Begins Production Operations in the Giddings Field

- October 15th, 2010

Allied Energy, Inc. (PINK: AGGI) reports that the Company has commenced production operations for its first horizontal well, the Allied Howard #1H. This well is located in the historic Giddings Field of Grimes County, Texas.

Allied Energy, Inc. (PINK: AGGI) reports that the Company has commenced production operations for its first horizontal well, the Allied Howard #1H. This well is located in the historic Giddings Field of Grimes County, Texas.

Earlier this spring, the Allied Operating Howard #1H, was drilled to a total measured depth of approximately 17,000′ in two horizontal laterals oriented northwest and southeast along existing trends. The Howard #1H encountered a series of natural gas bearing intervals while drilling through the primary objective Buda / Georgetown Limestone Formation.

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