Welcome to the on-line business description of our oil and gas operations...
Allied Resources, Inc., is a publicly traded company on the OTCBB and OTCQB under the ticker symbol ALOD.
Where is Allied going?
We intend to continue purchasing non-operated oil and natural gas producing properties, to acquire oil and gas leases for operations, and to implement improved production efficiencies on existing wells.
What are Allied's acquision criteria?
Our criteria for purchasing oil and natural gas producing properties are defined by short-term return on investment and long-term revenue growth.
Our criteria for acquiring oil and natural gas leases are predicated on a proven record of historical production and the potential for development.
What are Allied's other prospects?
We also intend to evaluate exploration opportunities that may exist within the Marcellus Shale formation underlying our oil and natural gas interests in Ritchie County, West Virginia. The Marcellus Shale has been identified under much of Pennsylvania, Ohio, New York, and West Virginia as being a major reservoir for natural gas recovery.