Allied Energy Group Inc., Board Meeting, Oct 01, 2009 Agenda: To discuss the challenges, achievements and progress made for the company's drilling, completion, production and field operations in general for the prior six months; to consider the plans to become fully reporting in the future; to consider the 2009 fully integrated financial audit; to consider the Allied Gas Transmission Inc.; to consider the Giddings Field' horizontal project (planning and timelines); and to reelect Maurice Coburn as Chairman of the Board.

Allied Energy Inc. (Allied Energy Group Inc.) announced that the company and an industry partner are currently moving a drilling rig and equipment on location to drill a 2nd test well in the central area of the East Texas Basin. This vertical test program will drill no deeper then 8,200 feet to test various conventional reservoirs. The first location has been producing since earlier of 2009. They expect to finalize drilling in the next week or two and move directly in completion for this well.

Allied Energy Group Inc. provided the report regarding its projects in Washington and/or Athens Counties, Ohio. The Humphrey #1, Pannel #1, Kidder #1 and Bailey #1 each have been drilled to 4,000 +/-feet and have each been completed for production. At the end of May, the four wells combined are producing in the range of 90,000-120,000 cubic feet of gas per day. The Sillaman #1 and Ladd #1 have each been drilled to a total depth of 4,000 +/-feet and encountered indications of gas in several formations including the Oriskany Sandstone and various members of the Ohio Shale. Both wells at the end of May have been completed for production and are producing a reported combined production of 45,000 cubic feet of gas per day. Revenue distributions should begin in the next 30 days. Pawnee SE Ohio Development: The Cunningham #1 well has begun production but needed some additional rework. The Cunningham #1 should be back in production very soon. The Hutchinson #1 was placed in production at an estimated rate of 150,000 cubic feet of gas per day and at the end of May continues to produce at a rate of nearly 100,000 cubic feet of gas per day. Revenue distributions should begin in the next 30-45 days. The Foust #9-9 and #10-9A have been completed and are awaiting production in Pawnee County, Oklahoma. They should go into production this week pending the installation of electric. Rogers Southeast Ohio Development (1 well in SE Ohio, 4 wells in Rogers County, OK): The four (4) wells located in Rogers County, Oklahoma have been drilled and are currently in completion. At the end of May, the Watkins #1 continues to produce in the estimated and reported range of 120,000 cubic feet of gas per day.