SOURCE: Allied Energy Group, Inc.

October 30, 2006 16:01 ET

Terry Bradshaw of the "Winner's Circle" Features Cole Halliburton of Allied Energy Group, Inc.

BOWLING GREEN, KY -- (MARKET WIRE) -- October 30, 2006 -- Allied Energy Group, Inc. (PINKSHEETS: AGGI) is proud to announce that it has been featured on the "Winner's Circle" hosted by NFL Hall of Fame member Terry Bradshaw.

Mr. Bradshaw will be interviewing Cole Halliburton, President of Allied Energy Group, Inc. In this interview that will air on MSNBC, Mr. Halliburton will talk about the Company's present operations and goals for the future.

About Cole Halliburton

As the grandson to one of the founders of Halliburton Services, Inc., Mr. Halliburton also serves as President and CEO of Halliburton Operating Company with offices located in Dallas, Texas. Mr. Halliburton is a Certified Public Accountant (CPA) and Attorney at Law registered with the State of Texas. Mr. Halliburton received a Bachelor of Business Administration in Accounting from Texas A&M University and a Bachelor of Art in Psychology from the University of Texas at Austin in 1976. Mr. Halliburton received his Juris Doctor from the Southern Methodist University School of Law in 1980. As an owner/operator of oil and gas properties for over the last 20 years, Mr. Halliburton has participated in over 100 wells in the East Texas Basin and Gulf Coast areas of Texas. Mr. Halliburton's vast experience in all facets of the oil and gas industry, as well as his profound understanding of the legal system with respect to our industry, is a critical part of the Company's successful exploration strategy.

About Terry Bradshaw and the "Winner's Circle"

Terry Bradshaw is a four-time Super Bowl winner and host of the acclaimed national TV news series that highlights companies that represent the spirit and backbone of the American economy. The "Winner's Circle" airs nationally on Monday and Wednesday mornings between 7:45am and 8:30am during MSNBC's morning news hour. The series was created to highlight corporate success stories from around the country, and is committed to finding stories that reflect the perseverance and determination required for business leaders to succeed in extraordinary times.

About Allied Energy Group

Allied Energy Group, 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 employs geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group'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.

For more information: www.alliedenergy.com

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, 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'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.

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