CDN. Oil/Gas Cos. - Shareholder Maximization Message Board

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Gold/Mining/Energy : CDN. Oil/Gas Cos. - Shareholder Maximization

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To: Richard Saunders who started this subject	5/28/2001 2:24:36 PM
From: Flipper12	of 56

Allied Oil & Gas Corp. (TSE:AOG, $2.70) Seeking Maximum Value For Shareholders CALGARY, ALBERTA and TORONTO, ONTARIO- The Board of Directors of Allied Oil & Gas Corp. announces that the firm of Griffiths McBurney & Partners has been retained as financial adviser to review various alternatives to maximize value for Allied shareholders. Although Allied's strong land position lends itself to the potential for strong growth in low risk shallow gas areas, the Board believes that the current environment would also allow the company to achieve a sale at a price that would be very attractive to its shareholders. Alternatives Alternatives may include a sale, merger or takeover. Data room A data room with materials will be available within two weeks. Allied Allied is a Canadian oil and gas exploration, development and production company listed on The Toronto Stock Exchange trading under the symbol AOG. There are approximately 21.5 million basic shares issued and outstanding. The share price for Allied on The Toronto Stock Exchange at the close of the market on May 25, 2001 was $2.70.

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