Allied Energy Corp. (OTCMKTS: AGYP) Jumps 8.14% To $0.40 As Investors Eye $0.50

Allied Energy Corp. (OTCMKTS: AGYP) is primed to hit higher prices this week as shareholders hope for $0.5000 after shares reached 8.14% green yesterday to reach $0.4000. In heavy trading volume of 449,112, AGYP is gaining momentum after a positive Q2 financial report which shows cuts in operational and net losses as expenses were cut dramatically. All free cash flow was reinvested back into the Company’s primary activity: leasing oil wells and applying new technology to make them commercially new again.

The fast-moving events in the Middle East (fall of Afghanistan to Taliban last night) was a catalyst in yesterday’s positive stock increase in AGYP. Rather than a dangerous journey here, AGYP’s oil reserves are at home in Texas — cutting costs, a dangerous journey and in once commercially-viable producing well sites, such as the Green Lease Site and Annie Gilmer.

Oil prices have a direct impact on AGYPs stock value as the link between its oil reserve at leased well sites and its assets under management (AUM) is direct. By holding near $70 barrel, the WTI Crude settlement price yesterday of $67.58 and Brent Crude at $69.72 are holding high. Experts may have thought they would drop quickly after the OPEC-Saudi Arabia-UAE oil production issue was settled, but that is far from happening.

Instead, the Biden administration is now asking global oil producers in the Middle East to raise daily production levels as the U.S. cuts its oil/gas output. The result is that oil prices globally and at home stays high —- and could go higher still due to the unrest in the Middle East. All those moves spell higher prices for AGYP stock.   

AGYP raised its own profile recently with series of Tweets that made its performance on its leased Texas wells transparent, to its shareholders nad the investment community at large. More of the same — photos of performing wells plus technical advances — gains confidence in a business model that works. American oil from U.S. soil is an advantage that works now more than ever. 

In its Q2 OTC filing, AGYP documented that its operating loss during the three months ended June 30, 2021 dropped to $85,913 from $113,368 the comparable period the prior year — a 24.2% decline. For the six months ended June 30, 2021. It cut operating expenses in Q2 2021 to  $175,461 from $231,286 — again, by 24.1%. All created similar drops in net loss for both periods.

This was principally achieved by cutting salaries/wages. In the Q2 period in 2021 they were $45,000 vs. $81,000 vs. the same period the prior year. In the six months period in 2021, the salaries/wages number dropped to $90,000 from $162,000 the year prior.

It also showed that AGYP in Q2 moved all of its free cash flow for investing activities — or $224,563 — back into re-investment into its oil and gas properties. This is a management team that believes in its future performance.  

Engineering reports on the company’s leased wells filed with the SEC as Executive Summaries by a petroleum engineer document the reserves and their value in these OTC-filed supplemental filings.   

At the Green Lease Site, Mark McBryde, Petroleum Engineer, found $2,944,900 of proved oil and $18,536,600 worth of probable and possible oil. At the Annie Gilmer Site. he found proved oil and gas reserves of $6,704,900 and probable and possible reserves of $5,489,900, all computed at a market price of $46.26. This is far below today’s market prices near $70 barrel — see above. The report findings were complete as of July 1, 2021.

AGYP’s online site describes in detail that this is an oil and gas company managed by energy seasoned veterans drilling leased old well sites with new technologies — making older commercial wells new again — with proven, probable and possible energy reserves.

The impact of the two supplemental filings with the OTC is making itself felt in steadily rising prices for the stock — as oil and gas reserves at the well sites have been documented. Links to more news are at and