Allied Energy is currently moving a drilling rig and equipment on location to drill a second test well in the central area of the East Texas Basin. This vertical test program will drill no deeper then 8,200 feet to test various conventional reservoirs.
The first location has been producing since earlier this year.
"We expect to finalize drilling in the next week or two and move directly in completion for this well," said Steve Stengell, Allied's President.
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