Allied Energy Corp (OTC: AGYP) Provides Operational Update, Regulatory Compliance Progress, and Strategic Outlook for 2026
ALLIED ENERGY CORP (AGYP)
Company Research
Source: GlobeNewswire
DALLAS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC: AGYP) (“Allied” or the “Company”) today provided shareholders with an update on its past regulatory compliance efforts, current operational initiatives, and forward-looking strategy as the Company continues to reposition its asset base amid changing energy and commodity market conditions. Looking Back: 2025 Focused on Regulatory Compliance and Risk Reduction During 2025, Allied Energy Corp took decisive steps to address legacy regulatory obligations tied to its Texas oil assets. In compliance with directives issued by the Texas Railroad Commission (RRC), the Company completed the plugging of multiple wells: Gilmore Lease: Two (2) wells plugged in 2025 per RRC directive Green Lease: Three (3) wells plugged in 2025 per RRC directive Management emphasized that the share dilution that occurred during 2025 was directly related to raising capital required to plug these wells and maintain regulatory compliance. These a
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