Recent Developments & Releases
Last updated
Last updated
NOTABLE RECENT PRESS RELEASES
Allied Energy Signs MOU with Enerhash USA to Begin Initial Flare Gas Bitcoin Mining Data Center Project
Allied Energy Enters Into Joint Venture Agreement With River Energy Group
Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
NOTABLE QUOTES FROM THE PRESS RELEASES ATTACHED
"The initial 1 MW (300 mcf) site is the first phase of the 20 MW development project. Allied-River and Enerhash will be working on expanding their operational footprint to 100 MW rapidly."
"Enerhash USA will align with energy producers as a solution to help alleviate harmful methane emissions caused by production. These solutions will monetize wasted natural gas resources to reduce emissions by eliminating routine flaring to reach ESG goals and unlock the value from stranded resources. To discover more about Enerhash USA, visit their corporate website at www.enerhashusa.com"
"Allied CEO George Monteith commented: "It is an honor that Enerhash USA chose to partner with Allied. I am thrilled at the progress we've made through the signing of this MOU and have a great deal of respect for their entire team and their vision for creating micro-grid power sources. Over the past several months Allied has signed joint-venture agreements with strategic companies that can procure oil and gas properties that fit specific metrics, and finance large-scale projects. With the signing of this MOU with Enerhash USA I am confident that we have the right and necessary puzzle pieces fitting together. We now move forward to begin new business endeavors that release the profitability of untapped resources in an environmentally friendly way."
"Collectively, the owners of River Energy Group, LLC have over 90 years of experience in the commodity, derivatives, and financial services industries. River Energy Group, LLC has entered into this joint venture agreement with Allied Energy Corporation for the purpose of locating, securing, and allocating stranded natural gas and flared natural gas resources for development into resilient and dependable stand-alone microgrids."
"Carrollton, Texas, May 05, 2022 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce that the Company has recently executed documents to retire 2,480,000 unrestricted common shares of AGYP stock. This retirement represents a 4% reduction in the authorized shares of the company."
MOU - Involved Parties
Allied Energy Corporation
River Energy Group
Enerhash
The venture is referred to as: "Allied-River"
🛗 "ELEVATOR PITCH" 👇
Allied-River and Enerhash USA are working together to design and engineer sites related to gas treatment and power generation - creating a green operation, while capturing what would have been harmful emissions. These harmful emissions are then converted into usable energy, designed to power multiple BitCoin ($BTC) mining operations.
It's worth noting - With energy production regulations tightening due to green policies, coupled with raising energy costs, Allied-River finds themselves in a uniquely beneficial position to solve many of todays pressing energy issues.