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.
得克萨斯州卡罗尔顿，2022年2月24日(Global Newswire)--联合能源公司(OTC Pink：AGYP)是一家生产石油和天然气的公司，专注于租赁和改造美国最丰富的碳氢化合物地区之一的石油和天然气储量。联合能源公司高兴地宣布，公司保留了证券理事会的服务，以协助公司“AGYP”在除美国场外交易市场(OTC Markets)以外的公认的北美证券交易所(North American Stock Exchange)上市。此外，理事会还将为正在进行的AGYP普通股股票回购计划提供建议并帮助构建该计划。
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聘请的理事会在北美从事证券法已有30多年，并成功地帮助公司从较低级别的交易所到较高级别的交易所上市和升级其证券。理事会还实现了许多公司在加拿大多伦多证券交易所(Canada TSX)或法兰克福证券交易所(Frankfurt Stock Exchange)等外国交易所的两地上市。理事会的细节将在未来披露“AGYP”上市所需的文件时披露。
The Company outlined three crucial reasons for the decision to up-list AGYP to a higher exchange:
该公司概述了决定将AGYP提升至更高交易所的三个关键原因：
-- 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认为，一个公认的交易所的透明度将使自己获得投资界的更大信任和尊重。Allied很幸运，得克萨斯铁路委员会的网站提供了关于该公司租赁地点和油井活动的官方更新，但在更高的交易所上市将需要经过审计的财务报表和其他强制性披露，这将向投资界显示更大的透明度。
-- 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.
-- 增加对收购的吸引力
随着联合在2022年的发展，公司希望以最具吸引力的方式定位自己，实现真正的增长，为公司的底线增加价值。
-- 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.
-- 更广的可见性
联合认为，在更高的交易所上市将使公司在国际平台上更具知名度。随着油价的持续上涨，我们相信有越来越多的投资者有可能将目光投向石油和天然气行业，因此在世界各地拥有更多的知名度只能被视为积极的一面。
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，还保留了理事会，以协助Allied执行其普通股正在进行的股票回购计划。该公司希望通过在公开市场回购股票或通过非公开交易进行收购来减少其公开流通股。有关回购计划的更多细节将会公布。
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首席执行官乔治·蒙蒂斯解释说：“现在Allied已经从勘探状态转向生产和石油销售，管理层认为是时候启动更高级别的交易所，并制定股票回购计划了。我们认为这些举措将在现在和未来创造真正的价值，从而使公司和我们的股东都受益。我期待着在取得成果的时候详细说明重大事件。”
The Company invites any and all interested parties to check back regularly at and the corporate Twitter account
公司邀请任何和所有感兴趣的人定期查看和公司Twitter帐户
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."
关于AGYP：联合能源公司(Allied Energy Corp.)是一家能源开发和生产公司，在美国一些最高产的含油气地区收购石油和天然气储量。该公司专门从事位于全美数千个成熟油气田的“现有”油气井的返工和再完工业务。该公司运用其知识、经验和有效的油井修复技术，在其获得所有权权益的油田/项目中实现更高的产量、更长的油井寿命和更有效的开采已探明和可用的石油和天然气储量。该公司将利用最新的技术，如水力压裂(“水力压裂”)、在生产区钻横向(“水平”)井腿，以及利用新的套管井电测井来定位被绕过的油层，所有这些都是为了提高日产量和石油和天然气采收率。通过在不同地区越来越多的选定项目中获得权益，联合能源公司正在使其风险敞口多样化，并有效地将风险降至最低，同时追求公司增长、营收和底线收入，使所有利益相关者受益。许多老化的油气田中蕴藏着已探明的、可开采的储量，但企业为了寻找更深、更丰富、但成本更高的储量而离开这些油田，绕过了这些储量。该公司计划专注于绕过的石油和天然气，因为竞争较少，而且如上所述，成本要低得多。此外，该公司还将收购边际油井的权益，这些边际油井可以以最低成本获得，其中美国有42万口油井。巴里·罗素(Barry Russell)引用巴里·罗素(Barry Russell)的话说, 美国独立石油协会(“IPAA”)主席-“美国大约20%的石油产量和10%的天然气产量来自边际油井，它们是美国真正的战略石油储备。”
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.
安全港声明：本新闻稿可能包含“1995年私人证券诉讼改革法”所指的某些前瞻性陈述。公司尽可能使用诸如“预期”、“相信”、“估计”、“预期”、“计划”、“打算”、“潜在”等词汇来识别这些前瞻性陈述。这些陈述反映了该公司目前的信念，并基于该公司目前掌握的信息。因此，这些前瞻性陈述涉及已知和未知的风险、不确定因素和其他因素，这些风险、不确定因素和其他因素可能导致公司的实际结果、业绩或成就与这些陈述中明示或暗示的大不相同。如果本新闻稿中包含的信息发生任何变化、增加或更改，公司没有义务更新或提供建议，包括此类前瞻性陈述。
Contact: Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter:
联系人：联合能源公司
电话：972-632-2393
电子邮件：info@alliedengycorp.com
推特：
译文内容由第三方软件翻译。