Allied Resources Inc. Stock Analysis ALOD

Allied Resources, Inc. is an independent oil and natural gas producer. The company is headquartered in Salt Lake City, Utah. The company went IPO on 2005-06-17. The firm is involved in the exploration, development, production and sale of oil and gas derived from properties located in Calhoun and Ritchie Counties, West Virginia, and Goliad and Edwards counties, Texas. Its principal products are comprised of oil, natural gas, and liquids. The company owns varying interests in six wells in Texas on two leases operated by independent third parties. All the wells in which it has interest are situated on developed acreage spread over 2,470 acres in Goliad and Edwards Counties. The depth of the producing intervals varies from 7,600 feet (ft) to 9,600 feet. The company also owns varying interests in a total of 145 wells in West Virginia on several leases operated by an independent operator. All the wells in which it has interest are situated on developed acreage spread over 3,400 acres in Ritchie and Calhoun Counties. The depth of the producing intervals varies from 1,730 ft to 5,472 ft.