Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program
Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program
Carrollton, Texas, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), is a producing oil and gas company focused on leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States. Allied Energy is pleased to announce that the Company has retained the services of a securities council to assist the company "AGYP" in the process of up-listing to a recognized North American Stock Exchange, excluding the US OTCMarkets. Furthermore, council has also been secured to advise and help structure an ongoing share buyback program of AGYP's common stock.
得克薩斯州卡羅爾頓，2022年2月24日(Global Newswire)--聯合能源公司(OTC Pink：AGYP)是一家生產石油和天然氣的公司，專注於租賃和改造美國最豐富的碳氫化合物地區之一的石油和天然氣儲量。聯合能源公司高興地宣佈，公司保留了證券理事會的服務，以協助公司“AGYP”在除美國場外交易市場(OTC Markets)以外的公認的北美證券交易所(North American Stock Exchange)上市。此外，理事會還將為正在進行的AGYP普通股股票回購計劃提供建議並幫助構建該計劃。
Council retained by Allied has practiced securities law for over 30 years in North America and has successfully helped companies list and up-list their securities from lower tiered exchanges to higher tiered exchanges. Council has also achieved dual-listings for numerous companies on foreign exchanges such as the Canadian TSX or the Frankfurt Stock Exchange. The details of council will be revealed in the future when filings necessary for "AGYP" up-listing are disclosed.
由Allied聘請的理事會在北美從事證券法已有30多年，併成功地幫助公司從較低級別的交易所到較高級別的交易所上市和升級其證券。理事會還實現了許多公司在加拿大多倫多證券交易所(Canada TSX)或法蘭克福證券交易所(Frankfurt Stock Exchange)等外國交易所的兩地上市。理事會的細節將在未來披露“AGYP”上市所需的文件時披露。
The Company outlined three crucial reasons for the decision to up-list AGYP to a higher exchange:
該公司概述了決定將AGYP提升至更高交易所的三個關鍵原因：
-- Transparency
Allied thinks that transparency on a recognized exchange will lend itself to greater trust and respect from the investment community. Allied is fortunate to have the Texas Railroad Commission website providing official updates on the Company's lease site and oil well activities, but up-listing to a higher exchange will require audited financials and other mandatory disclosures that will show greater transparency to the investing community.
-- 透明度
Allied認為，一個公認的交易所的透明度將使自己獲得投資界的更大信任和尊重。Allied很幸運，得克薩斯鐵路委員會的網站提供了關於該公司租賃地點和油井活動的官方更新，但在更高的交易所上市將需要經過審計的財務報表和其他強制性披露，這將向投資界顯示更大的透明度。
-- Increased Attraction for Acquisitions
As Allied evolves throughout 2022 the Company desires to position itself in the most attractive way possible for real growth that adds value to the corporate bottom line.
-- 增加對收購的吸引力
隨着聯合在2022年的發展，公司希望以最具吸引力的方式定位自己，實現真正的增長，為公司的底線增加價值。
-- Wider Visibility
Allied believes that up-listing to a higher exchange will give the Company more visibility on an international platform. With oil prices continuing to rise we believe there is the potential for more and more investors to look towards the oil and gas sector, and therefore having more visibility around the world can only be viewed as a positive.
-- 更廣的可見性
聯合認為，在更高的交易所上市將使公司在國際平臺上更具知名度。隨着油價的持續上漲，我們相信有越來越多的投資者有可能將目光投向石油和天然氣行業，因此在世界各地擁有更多的知名度只能被視為積極的一面。
In addition to the up-listing process, council is retained to assist Allied with the task of executing an ongoing share buyback program of their common stock. The Company desires to reduce their public float by buying back shares in the open market or acquisitions through private transactions. More details on the buyback program will be forthcoming.
除了上市程序外，還保留了理事會，以協助Allied執行其普通股正在進行的股票回購計劃。該公司希望通過在公開市場回購股票或通過非公開交易進行收購來減少其公開流通股。有關回購計劃的更多細節將會公佈。
Allied CEO George Montieth explained: "Now that Allied has moved from exploration status to production and oil sales, management believes it is time to initiate the move to a higher tier exchange and institute a share buy-back program. We feel these initiatives will benefit both the company and our shareholders by building real value now and in the future. I look forward to elaborating on material events as they take fruition."
Allied首席執行官喬治·蒙蒂斯解釋説：“現在Allied已經從勘探狀態轉向生產和石油銷售，管理層認為是時候啟動更高級別的交易所，並制定股票回購計劃了。我們認為這些舉措將在現在和未來創造真正的價值，從而使公司和我們的股東都受益。我期待着在取得成果的時候詳細説明重大事件。”
The Company invites any and all interested parties to check back regularly at and the corporate Twitter account
公司邀請任何和所有感興趣的人定期查看和公司Twitter帳户
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve."
關於AGYP：聯合能源公司(Allied Energy Corp.)是一家能源開發和生產公司，在美國一些最高產的含油氣地區收購石油和天然氣儲量。該公司專門從事位於全美數千個成熟油氣田的“現有”油氣井的返工和再完工業務。該公司運用其知識、經驗和有效的油井修復技術，在其獲得所有權權益的油田/項目中實現更高的產量、更長的油井壽命和更有效的開採已探明和可用的石油和天然氣儲量。該公司將利用最新的技術，如水力壓裂(“水力壓裂”)、在生產區鑽橫向(“水平”)井腿，以及利用新的套管井電測井來定位被繞過的油層，所有這些都是為了提高日產量和石油和天然氣採收率。通過在不同地區越來越多的選定項目中獲得權益，聯合能源公司正在使其風險敞口多樣化，並有效地將風險降至最低，同時追求公司增長、營收和底線收入，使所有利益相關者受益。許多老化的油氣田中藴藏着已探明的、可開採的儲量，但企業為了尋找更深、更豐富、但成本更高的儲量而離開這些油田，繞過了這些儲量。該公司計劃專注於繞過的石油和天然氣，因為競爭較少，而且如上所述，成本要低得多。此外，該公司還將收購邊際油井的權益，這些邊際油井可以以最低成本獲得，其中美國有42萬口油井。巴里·羅素(Barry Russell)引用巴里·羅素(Barry Russell)的話説, 美國獨立石油協會(“IPAA”)主席-“美國大約20%的石油產量和10%的天然氣產量來自邊際油井，它們是美國真正的戰略石油儲備。”
Safe Harbor Statement: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
安全港聲明：本新聞稿可能包含“1995年私人證券訴訟改革法”所指的某些前瞻性陳述。公司儘可能使用諸如“預期”、“相信”、“估計”、“預期”、“計劃”、“打算”、“潛在”等詞彙來識別這些前瞻性陳述。這些陳述反映了該公司目前的信念，並基於該公司目前掌握的信息。因此，這些前瞻性陳述涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定因素和其他因素可能導致公司的實際結果、業績或成就與這些陳述中明示或暗示的大不相同。如果本新聞稿中包含的信息發生任何變化、增加或更改，公司沒有義務更新或提供建議，包括此類前瞻性陳述。
Contact: Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter:
聯繫人：聯合能源公司
電話：972-632-2393
電子郵件：info@alliedengycorp.com
推特：
譯文內容由第三人軟體翻譯。