Allied Energy: Update on Wallrath #1H Horizontal Oil Well

- February 16th, 2012

Allied Energy, Inc. (OTC Pink:AGGI) reported a production update on its recently completed Wallrath #1H Horizontal Oil Well in Leon County, Texas.

Allied Energy, Inc. (OTC Pink:AGGI) reported a production update on its recently completed Wallrath #1H Horizontal Oil Well in Leon County, Texas.

As quoted in the press release:

The Wallrath #1H horizontal oil well and the Champion Ranch #1H horizontal oil well were drilled for certain general partnerships sponsored by the Company. Allied Energy, Inc. owns a nominal interest in each of the two above-referenced horizontal oil wells located in Leon County, TX.

Click here to read the Allied Energy, Inc. (OTC Pink:AGGI) press release.

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