Allied Energy Corporation (OTC: AGYP) Announces Operational Launch of Sloan Petroleum and Enerhash USA Project, Paving the Way for Future Growth
Allied Energy (OTC: AGYP) has announced that the Sloan Petroleum and Enerhash USA project is now fully operational, utilizing 1MW of flare gas from the Frost location. The project, which involves Bitcoin mining containers placed by Enerhash on the Sloan property, has already generated its first revenue check for Allied.
Additionally, Allied's Bitcoin project with Enegix Global and River Energy Group at the Thiel #1 well site is being transformed into a commercialized venture, with updates expected in Q4. As a partner with Enegix Global, Allied will supply gas and participate in Bitcoin mining operations.
CEO George Monteith expressed optimism about these developments, highlighting the valuable insights gained into the Data Mining industry. The company anticipates these projects will maximize potential revenues and strengthen Allied's position in both energy and cryptocurrency sectors.
Allied Energy (OTC: AGYP) ha annunciato che il progetto Sloan Petroleum ed Enerhash USA è ora completamente operativo, utilizzando 1MW di gas di sfiato dalla località Frost. Il progetto, che prevede container per il mining di Bitcoin posizionati da Enerhash sulla proprietà Sloan, ha già generato il suo primo assegno di entrate per Allied.
Inoltre, il progetto Bitcoin di Allied con Enegix Global e River Energy Group presso il sito del pozzo Thiel #1 sta diventando un'impresa commercializzata, con aggiornamenti attesi nel Q4. In qualità di partner di Enegix Global, Allied fornirà gas e parteciperà alle operazioni di mining di Bitcoin.
Il CEO George Monteith ha espresso ottimismo riguardo a questi sviluppi, evidenziando le preziose informazioni ottenute nel settore del Data Mining. L'azienda prevede che questi progetti massimizzeranno le entrate potenziali e rafforzeranno la posizione di Allied sia nel settore energetico che in quello delle criptovalute.
Allied Energy (OTC: AGYP) ha anunciado que el proyecto Sloan Petroleum y Enerhash USA ahora está completamente operativo, utilizando 1MW de gas de antorcha de la ubicación Frost. El proyecto, que involucra contenedores de minería de Bitcoin colocados por Enerhash en la propiedad Sloan, ya ha generado su primer cheque de ingresos para Allied.
Además, el proyecto de Bitcoin de Allied con Enegix Global y River Energy Group en el sitio del pozo Thiel #1 se está transformando en una empresa comercializada, con actualizaciones esperadas para el Q4. Como socio de Enegix Global, Allied suministrará gas y participará en las operaciones de minería de Bitcoin.
El CEO George Monteith expresó optimismo sobre estos desarrollos, destacando las valiosas ideas obtenidas en la industria de Data Mining. La empresa anticipa que estos proyectos maximizarán los ingresos potenciales y fortalecerán la posición de Allied tanto en los sectores energético como en el de criptomonedas.
Allied Energy (OTC: AGYP)은 Sloan Petroleum 및 Enerhash USA 프로젝트가 이제 완전히 운영 중임을 발표했으며, Frost 위치에서 1MW의 플레어 가스를 활용하고 있습니다. Enerhash가 Sloan 부지에 배치한 비트코인 채굴 컨테이너는 이미 Allied에 첫 수익 수표를 생성했습니다.
또한 Allied의 Enegix Global 및 River Energy Group과 함께하는 비트코인 프로젝트는 Thiel #1 우물 사이트에서 상업화된 사업으로 전환되고 있으며, Q4에 업데이트가 예상됩니다. Enegix Global의 파트너로서 Allied는 가스를 공급하고 비트코인 채굴 작업에 참여할 것입니다.
CEO George Monteith는 이러한 발전에 대해 낙관적인 입장을 나타내며 데이터 마이닝 산업에서 얻은 귀중한 통찰력을 강조했습니다. 회사는 이러한 프로젝트가 수익 잠재력을 극대화하고 에너지 및 암호화폐 분야에서 Allied의 입지를 강화할 것이라고 예상하고 있습니다.
Allied Energy (OTC: AGYP) a annoncé que le projet Sloan Petroleum et Enerhash USA est désormais entièrement opérationnel, utilisant 1MW de gaz de torchage provenant du site Frost. Le projet, qui implique des conteneurs de minage de Bitcoin placés par Enerhash sur la propriété Sloan, a déjà généré son premier chèque de revenus pour Allied.
De plus, le projet Bitcoin d'Allied avec Enegix Global et River Energy Group sur le site du puits Thiel #1 est en train d'être transformé en une entreprise commercialisée, avec des mises à jour prévues pour le T4. En tant que partenaire d'Enegix Global, Allied fournira du gaz et participera aux opérations de minage de Bitcoin.
Le CEO George Monteith a exprimé son optimisme concernant ces développements, soulignant les informations précieuses acquises dans le secteur du Data Mining. L'entreprise prévoit que ces projets maximiseront les revenus potentiels et renforceront la position d'Allied tant dans le secteur énergétique que dans celui des cryptomonnaies.
Allied Energy (OTC: AGYP) hat angekündigt, dass das Sloan Petroleum und Enerhash USA Projekt jetzt vollständig betriebsbereit ist und 1MW Abfackelgas von der Frost-Standort nutzt. Das Projekt, das Bitcoin-Mining-Container umfasst, die von Enerhash auf dem Sloan-Gelände platziert wurden, hat bereits seinen ersten Einnahmescheck für Allied generiert.
Darüber hinaus wird das Bitcoin-Projekt von Allied mit Enegix Global und River Energy Group am Bohrstandort Thiel #1 in ein kommerzialisiertes Unternehmen umgewandelt, mit Updates, die im Q4 erwartet werden. Als Partner von Enegix Global wird Allied Gas liefern und an den Bitcoin-Mining-Operationen teilnehmen.
CEO George Monteith äußerte Optimismus über diese Entwicklungen und hob die wertvollen Erkenntnisse hervor, die im Bereich Data Mining gewonnen wurden. Das Unternehmen erwartet, dass diese Projekte die potenziellen Einnahmen maximieren und die Position von Allied sowohl im Energiesektor als auch im Kryptowährungsmarkt stärken.
- Sloan Petroleum and Enerhash USA project now fully operational at 1MW capacity
- First revenue check received from Sloan Petroleum/Enerhash USA Frost operation
- Project expected to generate revenues for Allied over the next six months
- Bitcoin project with Enegix Global and River Energy Group being commercialized
- Opportunity to participate in Bitcoin mining operations, potentially enhancing revenue streams
- None.
CARROLLTON, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) announces that the Sloan Petroleum and Enerhash USA project is now fully operational, working at 1MW off the flare gas from the Frost location. This project, which features the placement of advanced Bitcoin mining containers by Enerhash on the Sloan property, promises to drive revenue growth for Allied over the coming months.
The company is excited to report that Allied has received its first revenue check from the Sloan Petroleum/Enerhash USA Frost operation, a testament to the project's success and our commitment to innovative energy solutions. The project is set to generate revenues for Allied over the next six months, positioning us for financial growth.
In addition, we are pleased to share that our Bitcoin project in collaboration with Enegix Global, River Energy Group LLC at the Thiel #1 well site is undergoing a transformation into a commercialized venture. The company anticipates providing its shareholders with further updates in Q4, showcasing the potential of this strategic partnership. As a key partner with Enegix Global, Allied will initially supply gas for the project and gain the opportunity to participate in Bitcoin mining operations, enhancing our revenue streams in this burgeoning market.
George Monteith, CEO of Allied Energy, expressed his enthusiasm: "The successful launch of the Sloan Petroleum and Enerhash USA operation is a significant event for Allied Energy. We are optimistic about the upcoming developments at the Thiel well with Enegix Global and River Energy Group LLC, these projects have provided Allied Energy and its team a valuable insight into the Data Mining industry, which will be of great value as we move deeper into this space. Our collective efforts will not only maximize the potential revenues from these projects but also strengthen our position in the energy and cryptocurrency sectors with our collective understanding of the inner workings of these types of projects."
As we continue to innovate and expand our operations, Allied Energy remains committed to delivering value to our shareholders and stakeholders. The company looks forward to leveraging these projects to secure our future growth and enhance our impact in the energy landscape.
The Company invites interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter Account https://twitter.com/AlliedEnergyCo1.
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."
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.
Contact:
Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter: https://twitter.com/AlliedEnergyCo1
FAQ
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