SOURCE: Allied Energy, Inc.

December 07, 2007 15:30 ET

Allied Energy Sponsors Christmas for Kids

BOWLING GREEN, KY--(Marketwire - December 7, 2007) - Allied Energy, Inc. (PINKSHEETS: AGGI) for the second consecutive time will participate as the senior sponsor in the Bowling Green Warren County Jaycees' Christmas Shopping for Kids event.

"Allied Energy, Inc. is proud to, for the second time, sponsor an event that helps to ensure that every child in Bowling Green might have the opportunity to experience Christmas," said Steve Stengell, Executive Vice President of Operations for Allied Energy, Inc. "Last year's record turnout provided a Christmas to over 80 children in the Bowling Green / Warren County area," added Mr. Stengell.

Christmas for Kids is a two-day shopping event benefiting an estimated 80 or more needy children in Bowling Green. This year's two-day event will again be held at Wal-Mart on Campbell Lane in Bowling Green, Kentucky on December 8th and the 15th. Volunteers, including Allied Energy, Inc. employees, members of the Jaycees, and other sponsors, will escort the children individually through the store while allowing them to select toys, clothes and other items. Generally, each child receives gifts valued at approximately $125 - $175.

The Jaycees is a nationwide volunteer group of young business people who devote their time to local community improvement and charitable projects.

About Allied Energy

Allied Energy, Inc. (PINKSHEETS: AGGI) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.

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Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks including but not limited to geological and geophysical risks inherent to the oil and gas industry, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company may have varying degrees of working interest ownership in each well and/or prospect. Thus, gross revenue projections may not be equal to what is distributed net to the Company. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors inherent to the oil and gas industry.

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