Gun Manufacturers
26-08-2008, 00:14
Allied Petroleum struck oil on an offshore oil rig today, located in ASoGM territorial waters, approximately 11 miles from the shore. The Allied Petroleum geologists are speculating that the amount of the deposit is approximately 2 billion barrels of recoverable oil. Allied Petroleum CEO James Griff was thrilled by the announcement of the discovery, and stock market analysts estimate that Allied Petroleum stock prices will jump considerably. Also, this oil discovery comes in the wake of a news article outlining an offer to purchase Allied Petroleum by ASoil. Michael Thames, CEO of ASoil, was unavailable for comment following the announcement, but one of his legal team said that the offer would likely be declined due to the discovery.
Allied Petroleum will be putting this oil on the open market, at a price of $30 per barrel.
Allied Petroleum will be putting this oil on the open market, at a price of $30 per barrel.