BOWLING GREEN, KY--(MARKET WIRE)--Sep 24, 2008 -- Allied Energy, Inc. (Other OTC:AGGI.PK - News) announced today its plans to drill two more wells in Pawnee County, Oklahoma.

The Company now has plans to drill a total of four (4) wells in Pawnee County, Oklahoma, each well to a vertical depth of 3,000 +/- feet to test various conventional reservoirs for oil and natural gas.

"The positive outlook for oil prices, production history in this area, encouraging third party geological reviews and the apparent results from completion thus fare bode well for our projects in Pawnee County. This is why we have elected to drill two more test locations," said Steve Stengell, Allied's President. "We are tentatively scheduled to begin drilling our first of these two locations in the next 30 days," added Stengell.

Although the Company is very confident in the careful planning and development of its projects, there can be no assurances made that commercial oil and or gas will be established.

About Allied Energy

Allied Energy, Inc. (Other OTC:AGGI.PK - News) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.

For more information: www.alliedenergy.com

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 including but not limited to geological and geophysical risks inherent to the oil and gas industry, reliance upon third party geological reports, 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 may have varying degrees of working interest ownership in each well and/or prospect. Thus, gross revenue projections may not be equal to what is distributed net to the Company. 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 inherent to the oil and gas industry.

     Company Contact:
     Steve Stengell
     Allied Energy, Inc.
     2800 Griffin Dr.
     Bowling Green, KY 42101
     Phone: 866-256-5836
     Fax: 800-251-9322
     Website:  http://www.alliedenergy.com
     Email: info@alliedenergy.com