Allied Energy Corporation Signs Partnership Agreement on Green Lease Project
CARROLLTON, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) is delighted to announce the formalization of a Partnership Agreement with Petroloro LLC and ORO Energy LLC, collectively known as P&O Energy, to advance the Green Lease project.
- CARROLLTON, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) is delighted to announce the formalization of a Partnership Agreement with Petroloro LLC and ORO Energy LLC, collectively known as P&O Energy, to advance the Green Lease project.
- Under this Partnership Agreement, P&O Energy will undertake the operation of the Project by initiating a comprehensive workover program on the M1 and X3 Wells.
- Additionally, the Partnership Agreement outlines the development of further Wells within the Project area.
- The initial drilling location has been identified, and pending the successful acquisition of permits, Allied Energy will transfer the Project land to P&O Energy.