(2) Carrollton, Texas--(Newsfile Corp. - March 4, 2021) - Allied Energy Corp. (OTC Pink: AGYP) has signed an agreement with a premier partner in the Texas oil industry to pursue an immediate relationship concerning the majority ownership of two producing oil wells in northern Texas. This agreement signifies the final step before a definitive contract is signed by Allied Energy Corp. to secure an 100% Working interest 80% Net Revenue interest ownership stake in the two wells and 890.7 leased acres, with the leasehold owners. According to CEO George Monteith, "This month, we plan to sign a contract to acquire majority ownership in two producing oil wells in northern Texas and are committed to securing this majority ownership through entirely non-dilutive means. We are excited about the immediate revenue opportunities from current production levels at these two wells and are also confident in our plans to improve production through our expertise and use of technology."