Allied Energy Provides a Production Update for Its Cox Lease in Rogers County, Oklahoma

Allied Energy, Inc. (PINKSHEETS: AGGI) announced today that the Company, through its wholly owned subsidiary, Allied Operating Oklahoma, LLC, provided the following production update for its Cox lease in Rogers County, Oklahoma.

The press release is quoted as saying:

The Micheyla #1 and #2 wells were put in production in the latter part of May and are currently producing an estimated and combined 20 – 25 BO per day. On May 15, 2010, Allied tested the Howard #1H Well located in Grimes County, Texas at a flowing rate of 4,011 MCFGD on a 20/64″ choke with associated condensate. It is anticipated that this well will initially produce at the sales rate of ~ 2,000 MCFGD and potentially higher in the future.

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