Allenergy Inc. Updates Newly
Discovered Well
INDEPENDENCE, Kan., Oct 09, 2007 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a
17-year history in the oil and gas industry and current
involvement in the multi-billion dollar natural gas
fields in Kansas and Oklahoma, is proud to issue an
update concerning our newly discovered G-4-15 Redd Sand
well completion on the Ball Lease, which is one
component of Allenergy's Project Four located in
Chatauqua County, Kansas.
"The amount of barrelage recovered is
determined by the length of the stroke on the pump jack,
strokes per minute and the size and length of the bottom
hole production pump. The combination of these three
factors has allowed a consistent 37.5 barrels of fluid
per day. This recovery is ideal for Allenergy's
circumstances to gradually pump fluid to our test tank
located at the well site," said Larry Sanford,
President.
"After four days pumping at this rate
Allenergy recovered 150 barrels of the 200 barrels of
frac water and 210 psi shut-in pressure on the annulus.
Our results were 20% oil and 80% water. The oil cut
increased dramatically within 48 hours to 80% oil and
20% water equaling 30 BOPD and 7.5 barrels of water. We
will continue at this rate until the oil cut increases,
which we expect, thus resulting in the increasing of
strokes per minute or as warranted, we will move in
larger equipment to accommodate the output this well
will eventually achieve," Mr. Sanford said.
"We filed three intents to drill and
have staked these locations to commence our initial
drilling program. The first well to drill will be 660
feet northeast of the G-4-15 well with a tentative spud
date on 10/21/07. As we drill this well we will
thoroughly test the Redd Sand, Weiser and the Mulky
formations to further prove the validity of the
Company's belief that three virgin oil and gas zones
exist on this untapped portion of the Longton
Anticline," Mr. Sanford said.
"The management team and our due
diligence, welded with the dedicated team at Allenergy,
has enabled us to achieve this level of success and we
will continue with our business plan to solidify that
"OUR GROWTH IS YOUR FUTURE," Allenergy's President said.
About Allenergy: Allenergy, Inc.
(OTC: ALRY) is strategically focused on areas of Kansas
and Oklahoma believed to contain more than 1.5 trillion
cubic feet of natural gas and helium at shallow depths.
The Company currently holds approximately 7,000 acres of
leased land with more than 150 oil and gas wells on its
producing properties.
For more information about the
Company, please visit http://www.allenergyinc.com
Note: Certain statements in this news
release may contain "forward looking" information within
the meaning of rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Act of 1934 and are
subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in
this release, may include forward-looking statements
that involve risks and uncertainties. There can be no
assurance that such statements will be accurate and
actual results and future events could differ materially
from those anticipated in such statements.
Allenergy, Inc.: 877-277-8171.
E&E Communications Paul Knopick,
(949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.
URL: http://www.allenergyinc.com
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