SOURCE: Allied Energy Group, Inc.

September 15, 2006 09:30 ET

Allied Energy Group, Inc. Announces Halliburton as President

BOWLING GREEN, KY -- (MARKET WIRE) -- September 15, 2006 -- Allied Energy Group, Inc. (PINKSHEETS: AGGI) announced that Cole Halliburton has accepted the position as President effective August 1, 2006.

Contributing over 20 years of industry experience to the Allied Energy Group, Inc., Mr. Halliburton is a recognized expert in the areas of oil and gas lease acquisition, development, and production operations. Mr. Halliburton is a Certified Public Accountant (CPA) and Attorney at Law registered with the State of Texas. Mr. Halliburton is a proud member of the Texas Society of Certified Public Accountants, Texas Bar Association -- Oil and Gas Section, Dallas Bar Association, and the Real Estate and Trust Law and Probate Section of the Texas Bar Association. As an owner/operator of oil and gas properties 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 business strategy," explained Steve Stengell, Sr. Vice President of Operations for the Company.

Allied Energy Group, Inc. is an independent energy development firm primarily engaged in the syndication, exploration, development, and production of oil and natural gas in the continental United States.

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.

Contact Information

  • Company Contact:

    Steve Stengell
    Allied Energy Group, Inc.
    2800 Griffin Dr,
    Bowling Green, KY. 42101
    Phone: 800-330-2535
    Fax: 800-251-9322